Over the past two weeks, AccountingWEB set out to establish what kind of information should appear in monthly management accounts. Here's a summary of the debate so far.
"There is no magic pack," said Jon Moulton, chairman of venture capital firm Alchemy Partners. "The first characteristic of a good management reporting system is that it has to be relevant to that business."
And with 40 or more sets of monthly figures to consider, he and his colleagues want to see business-specific measures summarised on a sheet of A4.
Alastair Harris, responding to Moulton, noted: "Senior management won't read much more than the headline numbers is a message I have heard time and time again over the years. It is also one that many accountants fail to hear."
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