COST AND MANAGEMENT ACCOUNTING
Everyday entrepreneurs and business executives face situations where they make decisions about cost-benefit, product pricing, cost-volume-profit, life cycle cost, capital budgeting, lease or buy, financial forecasting, cost allocation, variance analysis, utilization of resources etc. Management accountant uses your ongoing information to produce reports and providing analysis on all these areas.
We as a Management Accountant ensure that the business owners remain on the top of their operations and are able to make right decisions ahead of time.
RECORDING COST
Various cost accumulation techniques are used to record each element of cost. These techniques depends on the type of manufacturing operations. We provide our services not only in analysing and suggesting the appropriate cost accounting methods but also to provide support for data entries.
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Many businesses offer Cost +Mark up formula to calculate bid/offer price. Hence, it is highly necessary to have best cost estimates to earn margin from a bid.
REPORTING MANAGEMENT FINANCIALS
You wouldn’t have to guess about where you stand or how to improve the operation of your company when we provide you meaningful management reports. They are produced, usually, on a monthly or quarterly basis, and provide insight for various KPIs set by management.
COST-BENEFIT ANALYSIS
Businesses are vitally relying on measuring and estimating cost in term of the benefits they derive. Hence, it is primarily important to identify cost-benefit behaviour and estimate them with high precision.
DECISION MAKING
We advise clients on various strategic, tactical and operational matters. It includes, lease or buy, product pricing, make or buy, restructuring manufacturing operations etc.