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MANAGEMENT ACCOUNTING
MANAGEMENT ACCOUNTING
“Accounting is not just about numbers, it’s about solving problems and adding value.” – Keith McAslan
Management accounting entails identifying, analysing and communicating financial information to management for better business decision-making, as it turns data into information and knowledge about a business entity’s operations.
At MXS Services, we help our clients implement processes and procedures related, but not limited to, cost accounting management, product profitability analysis, capital project evaluation and etc.:
Cost Accounting Management
- Chart of accounts review
- Cost monitoring and reporting process
Products Profitability Analysis
- Costs driver identification and mapping
- Scenario analysis
Capital Project Evaluation
- Appraise the feasibility of a project
- Project Net Present Value (NPV) and internal Rate of Return (IRR)
Wondering if there is more that can be done in accounting to support superior management business decisions? Considering costs, profitability and project evaluation analysis?
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