Management accounting

What describes a good manager ?

What is the maine objective to
acomplish?
When he can take the best option for
the firm?
What describes a good manager ?

• A good manager is the link between the team and partners of the
firm.
• He’s job is to take decisions and implement new strategies that suits
for the financial year and this decision is taken based on last balance
sheet.
• The accounting manager is the one who establish spending and
production for the new year, based on the needs of clients.
What is the maine objective to acomplish?

• The maine objective for the accounting manager is to provide the best
information for the board of directors.
• In time of the financial year, manager has to maximise profit and
lower the spendings so the company will gain profit and could invest
more in mass production and quality products and services.
Budgeting processes
• This processes is the most important for the business because it is
based on accounting team that has the main objective to present the
exact image of spending and earnings of the firm.
• To make the budget for the next financial year it needs to look at the
spending accounts and if that is good for the business and represents
an invest that could bring profit for the company, after that the next
step is to observe the earnings to decide if the company is profitable.
Principles of budgeting
• Principle of annuality
• Principle of time lapse
• Fiscal discipline
• Accuracy
• Transparency and accuracy
Conclusions
• Management accounting and budgeting is the important part in the
company, it has the main objective to keep all the data in one place
and decide the best options that can bring profit.
• The accuracy of spendings and earnings can establish future decisions
of the company.
• How manager controls and establish new rules over the accountant’s
team can improve the way that financial data is collected and offer an
image over the company actives and debt.