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Our management accounting services include:
Management Accounting is the process of measuring and analysing the financial activities of a business, interpreting and communicating the financial information to the management to facilitate risk management, internal control and decision making. The purpose of management accounting is to check and analyse the financial health of the business and it helps businesses to identify and reduce unnecessary spending and operational inefficiencies to maximise profits and the value of the business.
The financial statement must be free from material mis-statements and must accurately represent the financial performance and positioning of an entity. Fair view of financial information given by the MIS report is highly dependent on the reliability and accuracy of financial reports. Most businesses are unable to check and analyse the health of their businesses due to a lack of maintenance of regular and accurate books of accounts and unavailability of qualitative financial reports.
We offer a standard MIS report which accurately evaluates and reports the financial health and long-term sustainability of our client's business. Our technically sound and qualified management accountants prepare the MIS report by making a detailed analysis of your financial activities by using the costing and management accounting techniques such as ratio analysis, leverage analysis, working capital analysis, capital structure analysis, break-even point analysis, budgeting, marginal costing and standard costing techniques etc. Our Basic MIS report includes key financial statements such as income statement, balance sheet and cash flow statement and additional analysis reports. This covers the main areas of financial health, consisting of liquidity, solvency, profitability, and the operating efficiency of the business.
Our management accounting services includes :
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PAYE Modernisation is the modification of the current Pay As You Earn (PAYE) system. It simply means every time a business runs a payroll, they will be required to submit their pay, tax and other deductions, as well as details of employees starting and leaving the business to Revenue.PAYE Modernisation will allow for real time […]
This is responsible; this is sensible; this is consistent with maintaining stability in the public finances” said Paschal Donohoe, Minister for Finance and Public Expenditure and Reform, while releasing the – responsible 2019 Budget for a modern and caring Ireland – with additional funding for health and housing. What does it mean for you and […]
Minister for Finance Paschal Donohoe announced Ireland’s Budget for 2021 with some major decisions to be made. With both Brexit and the Covid-19 situation hanging over Ireland it is an extremely difficult time to plan. But plan the Minister for Finance must, and we as a nation find out what exactly this plan contains. And […]