Management Accounting & Reporting
Management accounting focuses on providing financial insights tailored for managerial decision-making. Managerial accountants evaluate business costs and operational metrics for each product line, activity, or facility to create internal reports that support executives in guiding company operations and making informed decisions.
This strategic approach combines business data, events, and organizational goals to offer in-depth analysis and essential recommendations prepared by skilled accountants.
At Corp CA, our dedicated teams support clients active in Accounting & Reporting. We take pride in delivering exceptional, personalized service through our highly experienced and skilled professionals.
How we can help
We specialize in enhancing and refining management accounting procedures and systems across various sectors. Our expertise in industry standards enables you to establish a cohesive management reporting framework that encompasses all operational functions, subsidiaries, units, accountability centers, key performance indicators (KPIs), management information segments, contractors, and IT support system. Our team is equipped to assist you in implementing systems that align management reporting with international financial reporting standards while also automating the reporting process.
Our approach
Depending on the nature of a company and the current status of its financial and management accounting functions, a project may require either the establishment of distinct management reporting elements or the development of a comprehensive solution.
Our strategy for implementing a management reporting system begins with an assessment of the existing setup, followed by creating a justification for management accounting. This process culminates in supporting the deployment of automated transaction accounting, data processing, and reporting solutions.
Moreover, our method emphasizes active involvement from your team throughout the project, which significantly shortens the learning curve associated with adapting to any changes.
How your business will benefit:
- Album of Reporting Forms: A collection of financial and non-financial performance indicators designed to provide the appropriate level of detail for various stakeholders.An album of reporting forms containing a set of financial and non-financial performance indicators, giving the level of detail required for various user groups
- Management Accounting Policy: A clear description of the principles governing management reporting, ensuring alignment with accounting standards such as GAAP or IFRS.
- Analytical Data Books: Tools for collecting data necessary for calculating and analyzing performance indicators, facilitating informed decision-making.
- Calculation Algorithms: Defined algorithms for accurately computing management reporting indicators, ensuring consistency and reliability in reporting.
- Excel Model or Equivalent: A model in MS Excel or a similar system that generates a management reporting package based on actual and planned data, enhancing accessibility and usability.
- Regulatory Framework: Regulations outlining the processes for data collection and reporting, specifying timelines and employee responsibilities to ensure accountability.
- Staff Training: Comprehensive training programs for employees to enable them to autonomously prepare management reports, fostering self-sufficiency within the organization.
By integrating these components, organizations can establish a robust management reporting system that not only meets regulatory requirements but also supports strategic decision-making through effective performance measurement and analysis.
CorpCA focuses on providing the administration services for the Local Legal Entity. The services includes:
- AR, AP and General Ledger Accounting
- Statutory financial reporting
- Management and consolidated Reporting as per the Group Policies and Procedures
- Reporting as per US, UK GAAP, IFRS and any other GAAP applicable on the Holding Company
- Bank and Payment Administration Services
- Annual Statutory Reporting
- Facilitation of Annual Audits
