Professional Documents
Culture Documents
1819 Org and MGT of MAS PDF
1819 Org and MGT of MAS PDF
1819 Org and MGT of MAS PDF
Management of
MAS Practice
COVERAGE
1. Developing an MAS Practice
2. Organization of MAS Outfit
3. Management of MAS Practice
DEVELOPING AN MAS PRACTICE
• Scope of consulting practice: defined by
consultant’s expertise & experience
• Before entering consulting practice,
consultant must conduct market research to
identify opportunities:
1. Study listings of mgt. consultants
2. Survey local CPA firms
3. Know possible “crowding” in one’s
specialization
4. Identify new services
DEVELOPING AN MAS PRACTICE
1
1 Partners
Principal
Director
Senior Managers
2
1-3 Managers
Supervisors
1-5
Senior Consultant
3 Senior
• Billing Rates:
- Level 1: P6,000 to P12,000 per hour
2: 3,600 to 6,000 per hour
3: 2,000 to 3,600 per hour
4: 1,200 to 2,000 per hour
ORGANIZATION OF AN MAS OUTFIT
• SERVICE VARIETY
– Planning, Control and Reporting systems
– Operational computer system, analysis, design,
implementation and evaluation
– Specialized technical services: advice on new laws,
entering international markets, new economic or
technical developments, acquisition and mergers,
divestitures, economic and feasibility studies,
management audits.
ORGANIZATION OF AN MAS OUTFIT
Financial Management
1. Initial & basic capital requirements:
- working capital
- office facilities & equipment
2. Revenues & expenses of mgt.
consultants
3. Billing & collection
MANAGEMENT OF MAS PRACTICE
Preparing a Business Plan
• Business plan: written summary of what
consultant hopes to achieve & how resources
are to be organized to meet goals
• Normally consists of 4 parts:
1. Introduction
2. Business concept
3. Financial plan
4. Appendix