Do you know the difference between a financial and management accountant? If you’re keen to grow, switching to the benefits of management accounting could have a huge impact on your future destiny. #accounting #managementaccounting #beancounter
You’re running a business, so you know the legal requirements around producing accounts and submitting tax returns. But do you truly know WHY you’ve engaged an accountant? And do you understand the value that a good accountant and business adviser can add to your company?
As a business owner, managing director or CEO, there are three main areas of the accounting proposition that you’re probably most interested in:
How does a management accountant differ from a financial accountant?
To make a success of your business, and to get the best value from your accountant, you need an adviser who can deliver in all of these three areas. But not all accountants are the same. As we’ll see, it’s important to understand the difference between a financial accountant and a management accountant
At the most basic level, these are the key differences:
How does a management accountant deliver more value?
Looking to the future is a far more productive way of managing your finances than just counting what’s in the bank. A management accountant will empower you to understand your business, and will give you the tools and the knowledge to make good, well-considered decisions.
This additional help can be invaluable. With an experienced management accountant working alongside you, your financial thinking can be completely revolutionised.
For example, you will:
Talk to us about the benefits of management accounting for your business
If you’re ambitious and keen to grow, switching to the benefits of management accounting could have a huge impact on your future destiny.
A financial accountant looks backwards, while a management accountant looks forwards. And it’s this key difference in focus, ability and oversight that makes partnering with a firm of management accountants so rewarding.
Get in touch to talk about switching to management accounting.