Category Archives: managemnt accounting

Bookkeeping

Bookkeeping

The importance of Book Keeping  Bookkeeping, or keeping financial records is vital.  More importantly we need to know what we are spending, and where the money’s coming from. Making good judgements when one has complete data, facts and knowledge is not leadership – it’s bookkeeping, Dee Hock Business also needs to know other things, such as The profit being made

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Making Money

Making Money

Business must make money! First of all where we say business, we mean private or not for profit. Likewise when we say money, we mean profit. Furthermore, don’t dismiss: • How you make that money • What your business values are • The amount of money you want to make; and • What you do with that money Above all,

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Management Reports

Management Reports

Management Reports: What’s Best Practice First of all Management Accounting requires Management Reports. Management Accounting tells your business story on a more regular, efficient and informed basis. For this reason you should design the layout and content of your management accounts to provide the most useful data to enable good business decisions. So when designing a good performance report there

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Management Accounting

Management Accounting

What is Management Accounting? First of all it is using accounting and business information to make informed business decisions more efficiently, and more immediately. Financial accounting This tells your business story through your financial statements to those outside of your business. These statements are typically your profit and loss, balance sheet and cash flow statement. They are  produced once a

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