Management accounting: What next for the monthly pack?
It’s the month end again and boards around the country are already pressing their finance teams for the latest figures.
Traditionally this information is presented in a monthly management report or pack including profit and loss accounts, a cash flow statement, and other performance measures such as new prospects and customers.
Seven years ago AccountingWEB got a great response when we asked, What is the ideal management pack?
A lot has changed since then, with the arrival of social networking, mobile apps and interactive business analytics. In a series of articles over the next month or so, AccountingWEB is going to take a fresh look at management reporting to see whether these developments have changed reporting habits - and perhaps made the management pack a superfluous appendix to modern business practice.
This first article will examine trends...
What kind of management information do you prefer and how you go about creating and delivering it? Join AccountingWEB and let us know by commenting on the full version of this article. We’ll include useful advice in the next instalments of this series.