The Management accountant’s role in any company is critical as they look after not only the financial health of the company but also provide senior management with support via additional reporting giving insight into all aspects of the business. This enables management to make informed decisions enhancing the profitability and sustainability of the company.
This additional support includes identifying, monitoring, and analysing any risks that may exist in the operation. These reports are more than just the numbers in a financial report. They encompass other areas such as production and product costs, product and client profitability, and inventory holding costs.
Most small to medium size companies do not produce monthly management accounts or reports, mainly due to the lack of expertise and the associated cost. The management of a company’s finances are critical to the health and wealth of any company, due to the size and requirements of a SME, employing a full-time resource may be uneconomical especially if the resource is underutilized.
In order to assist SME’s, we are able to offer the expertise, knowledge and support of an experienced management accountant on either a part time or a temporary basis. This format will enable the client to have access to a skilled management accountant at an affordable rate.
We give all the necessary assistance and guidance in all the critical fields covered by a management accountant thereby assisting in the development of the client to a point where they require, and are in a financial position, to employ a full-time resource in the post.
We feel that it is necessary to transfer skills to the company which will assist management in responding, with confidence, to any query that may arise from any reports and analysis.
Along with your team, we will scope the business and develop the required reports, as well as the processes needed to produce them. These reports will be a combination of financial and non-financial reports which will highlight the key indicators of the business. The development of the reports will be undertaken in conjunction with management and company personnel. This involvement will encompass the transfer of skills.
Our Goal as financial management experts is to strive to ensure that your management team has a range of reports and skills that will give them, at a glance, an insight into the business and enable them to understand the health and wealth of the operations.