In addition to our main specialisms, we also occasionally carry out web site designs, and traditional accounting and tax work for individuals and small businesses. However, we do not do audit work. A more detailed description of our services and experience is given on our Services Offered page. Management Accounting Traditional accounting is often looked on as a way of meeting legal and tax requirements, and telling a businessman how much profit he made 18 months ago, including whether or not he went bust. It is not regarded as being particularly helpful as a source of information in the day to day running of the business, or even for strategic decision making.
Management accounting is the opposite in some ways.
It is concerned with using current and very recent accounting and other data to help the busy manager to take better informed decisions. Budgetary control, stock control, treasury management, dividend policy, profitability analysis by product, by region, etc. are all very much what management accounting is all about. What Is Management Accounting page, and on the web site of The Chartered Institute of Management Accountants . The function of an information system in business is to capture basic source data and to process and report it in such a way that it provides the best possible information as a basis for management decisions. In modern business this usually involves the use of computers, at least for data capture and processing, but increasingly also for final delivery of the information.