Management Accountanting In Sydney

By Author: Daniel Hirsch
Total Articles: 12
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What is the difference between a bookkeeper and a management accountant? Many businesses utilize a good bookkeeper and that’s great. However, in our experience, management of a business require more than just the outputs of the financial management software.
They need those outputs such - as profit and loss, balance sheets, KPI’s - delivered by an experienced professional who can add value by discussing what those outputs mean for the business and how successful is the current strategy when considered against the financial and strategic objectives of the organization.
A good management accountant will add value to a business by explaining what the results mean for the business. They will look at:
(i) How effectively the assets of the business are being deployed
(ii) What is the most effective use of capital for a business
(iii)Is the current strategy working or should management look the a new strategy
(iv)What are the cash flow implications for a business based on various ‘what if’ scenarios
...
... (v) Is the business meeting the financial expectations of owners?
(vi)Assessing the effectiveness of any marketing strategy
(vii)Assessing the appropriateness of accounting policies
(viii)Seeking to improve the effectiveness of the accounting function
(ix) Assist with government grants such as EMDG and R&D
(x) Looking at metrics of a business and performing analysis on the numbers – such as sales, demographics and regional analysis

A recent management accounting assignment led to a restructure of the accounting function and adopting greater use of technology to reduce inefficiencies.
At The Capstone Group our competitive advantage is that our overheads are very low and we can therefore offer professional and experienced services at rates considerably less than larger firms.
For businesses looking for the superior edge in management accounting at highly competitive rates there really is no other choice than The Capstone Group.