Tag - Management Accounting System: How to Build

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.

Staff Management: Plus Yourself and Others

Staff Management Covers an Enormous Area Staff management is crucial to the sustainable operation of your business. Managing staff successfully is the key to a successful operation. This includes supplier management which leads to a profitable business. Are Your Management Skills Lagging? Reduce your stress by improving your leadership skills, learning how to...

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Management Accounting Suggestions

In this article, we discuss some of the common improvements that can be made to small business management accounting bookkeeping systems to make them more useful for management accounting and performance measurement purposes.The usefulness of many of the tools and discussions in 12Faces rely on the quality and nature of...

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Critical Financials for Business Explained

Critical Business Financials Explained provides a commentary on Tips that appear in the 12Faces TrendBoard family of analysis tools  

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Accounting Terminology Translator

Accounting reports have many different phrases to refer to the same things.  They vary between countries and even between accountants.  12Faces has adopted a standard terminology for our materials.  However, if you or your accountants use a different terminology, the list below will assist translating from yours to ours.  yellow belt

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