Management Accounts

Management Accounts provide accurate and timely financial and statistical information required by managers to make day to day and short term decisions.

Unlike financial accounting which produces annual reports mainly for external stakeholders, management accounting generates monthly or weekly reports for an organisations internal audience, such as departmental managers and the Managing Director.

These reports typically show the financial result, the amount of orders on hand, the state of the accounts payable, outstanding debts, stock and work in progress and may also include trend charts, variance analysis and other statistics.

Firman Financial Solutions can provide a complete management accounting service tailored to the business and will be designed and developed around your current or proposed staff structure, as part of a financial management engagement.

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