MANAGEMENT ACCOUNTING

Assist with budget preparation, forecasts and analysis

Assist staff in understanding how to "manage by the numbers"

Process improvement.

Management accounting is the process of identifying, measuring, analyzing, interpreting, and communicating information for the pursuit of an organization's goals. This is also known as "cost accounting."  The key difference between management accounting and financial accounting is that management accounting information is aimed at helping managers within the organization make decisions. In contrast, financial accounting is aimed at providing information to parties outside the organization – banks, investors, business analysts and the IRS.

Management Accounting services include preparation of financial statements, assistance with budget preparation, implementing accounting systems and assistance with preparing for financial audits.  Accounts payable, disbursements, bank reconciliation, sales, invoicing, and accounts receivable are also available.

Assistance is provided in the interpretation and analysis of financial statements and account balances.  Through management accounting you will be assisted in strategic planning, budgeting, and cash flow techniques.  You will also improve your ability to control and evaluate the performance of revenues, costs, profits and investments.

Heard Management services are available on both a “one-time” special project basis to meet with your executives and financial staff to enhance communication (management information vs. paperwork & numbers) and as on-going services