Management Accounting

Overview: Management Accounting

Just as financial accounting is used for reporting the financial performance of the company to the external world, the Company's Senior Management requires other vital information in order to make strategic decisions. Factors such as product mix, customer mix, cost of operations, working capital etc. are the focal drivers of a business. The data generated by the accounting system needs to be effectually analysed to gain further meaningful information on these key drivers.

At Finarch, we help business houses scrutinize data better and make smarter assessments. Our Management Accounting services assist to extract information regarding the profitability, effectiveness and liquidity of the company. These services facilitate improved decision-making through quicker and more precise data analysis and enhanced service levels providing access to the most up-to-date data.

The range of our Management Accounting services includes:

• Defining Key Performance Indicators
• Designing good management systems which can provide information to analyze the defined KPIs
• Designing the Management Dashboards to provide snapshots of these KPIs (Actual vis-à-vis Planned)
• Designing good internal control systems
• Preparing budgets, forecasts, long term business plans
• Financial analysis including breakeven analysis and variance analysis

Our Management Accounting solutions aim to provide you with a financial snapshot of your business, which you require in order to make dynamic business decisions.