What does the term “Management Accounting” refer to? At 12Faces it refers to the use of the accounting information, generated by your business, to run it more effectively. Here, the articles deal with the theoretical aspects. That is, what types of accounting systems to use to get the most out of your financials. Understand the benefits of accrual accounting over cost accounting. Also, the importance of invoicing your clients as soon as possible. Furthermore, how does recording your accounts payable improve the information you get from your accounts? Learn what to look for when hiring professionals.Refer to the group of articles “Making Practical Use of Management Accounting” for the practical steps. Gain an understanding for the application of this management information.
06Apr
Staff Management; both Yourself and Others
Staff Management Covers an Enormous Area Staff management is crucial to the sustainable operation of your business. Labour is often one of the largest costs in a business. Its is also often a relatively fixed cost so can have a big impact of profit during a downturn. Managing staff successfully is...