MANAGEMENT ACCOUNTING SERVICES

Management accounting addresses these common business questions. It is at the intersection of accounting and management, and is where basic accounting ends and analysis, interpretation and decision making begins. These services can be added onto the basic accounting package, at an hourly rate, or on a per job basis. Management accounting services can be used on a stand-alone basis or to enhance the standard package to fit your specific needs.

Management accounting services are designed to: 

 Add an extra dimension to your accounting and financial control
Direct attention to problem areas
Measure performance
Quantify the relative merits of alternative courses of action, allowing for better and more informed business decisions, such as choosing between competing investments, in an environment of capital constraint.
Provide a more in-depth understanding of costs and revenues
Improve productivity and efficiency through organization and systematic processes

Once you have a formal accounting system in place, you are in a position to utilize its data to provide information necessary to run your business. However, it is almost critical to have an objective for your business and to monitor the actual performance, in light of achieving your set goals and objectives. You may choose from the following services to help achieve your company’s objective:

Business Planning, Budgeting & Forecasting

Business Plans
Operating Budgets
Cash Budgets
Capital Budgeting
Capital Budgeting & Acceptance of Projects
Investment in R&D & Acceptance of Projects
Mergers, Acquisitions and Buying Businesses

Financial Analysis, Performance Monitoring 

• Performance Monitoring
  • Financial
  • Operating
• Financial and Variance Analysis
• Breakeven Analysis, Cost Variability and Structure
• Throughput Analysis for Capacity Constraint
• Profitability Analysis for Services
• Balanced Scorecard
• Dashboards

Decision Support

• Employee and Payroll Decisions
• Outsourcing
• Capital, Labor Mix and Productivity
• Pricing Decisions
• Quality Decisions
• New Products and Services 

Working Capital Management

• Cash
• Accounts Receivable
• Credit & Collections
• Inventory
• Accounts Payable
• Other assets and liabilities

Fixed Asset Management & Investment Decisions

• Lease & rent vs buy
• Outsourcing
• Partnerships
• Centralization 

OTHER SERVICES

Managerial Finance

The objective of managerial finance is to provide the funds necessary to keep the business running efficiently; cash is the raw material consumed in the running of business and small businesses need to avoid an interruption in funds.

In this case, The Right Answer can assist you with:

• Working Capital
  
  
• Banking Relations and Bank Loans
  
  
• Financial Structure – Debt vs Equity
  
  
• Capital Leases
  
  
• Cost of Capital