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501-012 - Management Accounts To Deliver Business Development Strategies

This paper is targeted at professional accountants who wish to become more involved in advising their clients on the preparation of management accounts. The paper highlights the difference between financial accounts prepared for income tax purposes and management accounts prepared on a monthly basi ...Read more
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This paper is targeted at professional accountants who wish to become more involved in advising their clients on the preparation of management accounts.

The paper highlights the difference between financial accounts prepared for income tax purposes and management accounts prepared on a monthly basis to help small/medium enterprise owners and management actually run the business.

The paper is presented under the following headings:

  • Management Accounts - Not Tax Accounts!
  • Identify Business Units Or Activities
  • Intra-Business Sales
  • Salaries For Proprietors
  • Treatment Of Properties
  • Interest
  • Allocation Of Direct Costs
  • Administration Business Unit
  • Details Within Management Accounts
  • Business Unit Trading And Profit & Loss Account
  • Key Performance Indicators
  • Business Unit Balance Sheet
  • Reconciliation Of Intra-Company Accounts
  • Dissection Into Customers
  • Consolidated Accounts
  • Benefits From Management Accounts
  • and includes an Intra-Business Transfer Docket and a Business Unit Trading and Profit & Loss Account profile as addendums.