Management Accounts
Presenters : Caryn Maitland CA(SA)
Overview
When drafting effective management accounts, accountants need to focus on information that is relevant and useful to owners and managers of SMEs. This will assist these users to make good business decisions and also to monitor the health of their business.
There are two elements to producing good reports:
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Including all the necessary detail that is useful and relevant to users.
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Having a visually appealing presentation for the non-financially minded to get the big picture.
This webinar focuses on taking the detailed reports produced in management accounting and converting them into user-friendly, visually appealing and concise reports.
Learning objectives
By the end of this webinar the attendee should:
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Know the importance of understanding the business and identifying key elements that need to be tracked and reported on.
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Understand minimum requirements needed in the reports for directors to meet their fiduciary duty.
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Know the importance of conveying information in an easily digestible manner.
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Be able to identify additional services and revenue streams for the accountant’s practice.
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Be able to effectively assist clients in their decision making process.
Content
The webinar will cover the following topics:
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Understanding the business being reported on.
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How to draft a concise and useful set of management accounts.
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Identifying key factors to track.
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Variety of methods to display data.
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Assisting clients in decision making.
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Additional services and revenue streams.
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