Setting up and adjusting management accounting consists of the following main stages:
Conducting a needs analysis, diagnosing business requirements, describing the existing management system
Most likely, management accounting is already used in the company in one form or another, since in any case data is collected and some reports are generated on their basis. But the fact is that these documents, due to the large amount of redundant information, are not suitable for analysis at all or, on the contrary, due to the scarcity of data, do not allow one to form an opinion about the real state of affairs.
It is important to correctly assess cyprus email list the requirements for information, on the basis of which the company's top management will be able to make management decisions, and investors will be able to make capital investments. The data array should be sufficient, but at the same time not excessive. An important point is also the analysis of the accounting systems already existing at the enterprise in terms of the reliability and completeness of the information picture.
Definition of the company's goals, company development strategy
Conducting a strategic analysis of the organization's work is impossible without developing a system of goals. Since a company may have several tasks, as well as methods for achieving them, then for each of them it is necessary to develop specific criteria by which their implementation can be assessed.
Stages of development of management reports
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Once the identified goals have been digitized, one can begin a strategic analysis with further selection of priority areas for development.
Description of the company's business processes
In the process of describing existing business processes at the enterprise, their effectiveness is assessed and problem areas are identified, such as duplication of functions, lack of documentation, etc.
Development of requirements for the organizational and financial structure of the enterprise and subsequent determination of various CFOs within the framework of the new organizational structure
After all the business processes of the enterprise have been described, it may be necessary to adjust its organizational structure. For the full and effective operation of the company, it may be necessary to merge several divisions into one or create new workshops or departments. This is done to eliminate duplicate functions and actions.
The updated organizational structure will be used to develop the company's financial system. Within the framework of this process, financial responsibility centers are formed on the basis of key divisions and a specific financial structure model is built.
Development of management accounting methodology, accounting models, management reporting system, list and structure of main classifiers
This stage of the organization of management accounting at the enterprise is considered key, since it is used to describe all management reporting for internal use. There are no strict requirements for the development and formation of a management accounting model, since they are strictly individual for each organization.
During the execution of this stage, the specific