Keep Your Business Under Control
This blog supports you in designing the integrated Management Accounting System of your organization.
We assume that the purpose of management accounting is to support managers at all hierarchical levels and in all functions in planning and controlling their managed area. They should be able to recognize how well they achieved their objectives and to take responsibility for the results.
Due to this, we take the requirements of International Accounting Standards like IFRS, USGAAP or tax laws into account. But the requirements of internal and market-oriented management are always paramount. Practice shows that it is always possible to derive externally relevant valuations from internal financial statements but not vice versa.
The blog on Management Accounting is the sister of Management Control Systems.
The technical and management-related fundamentals of Management Accounting are explained in the blog Management Control. Therefore, many posts contain direct links to the corresponding Management Control topics. Clicking on the links will automatically redirect you to the reference in each case.
Our Book “Management Control with Integrated Planning” explains in detail all the relationships between Management Control and Management Accounting. The book also includes a comprehensive simulation model in Excel (+500’000 cells), which allows to trace step by step all the mutual interdependencies of data and processes .
Main Adressees of this Management Accounting Blog
System-designers who want to build up or teach decision- and responsibility-relevant systems. These are mainly controllers, IT specialists, consultants and lecturers.
Managers from any function and (hierarchical) level who want to set up and apply the instruments for integrated planning and control (IPAC) for their units in detail.
To learn more about the contents of the book and the underlying simulation model, where to get it and how to download the simulation model, click here: Management summary and purpose of the simulation model
In the two parallel blogs, in the book with its comprehensive simulation model we show how to implement practice-proven and scientifically supported instruments. You are invited to contribute comments, statements and questions so that you and we can further develop the systems and their application. We look forward to your questions and suggestions.
Our background
For years, we have been supporting the introduction of “Grenzplankostenrechnung GPK” and of multidimensional Contribution Margin Accounting in medium-sized companies. This enables us to bring scientific knowledge into practice. Due to this we are also familiar with the concept of Resource Consumption Accounting RCA.
St. Gallen, Switzerland, 2022, Lukas Rieder; Montvale, USA, 2022, Raef Lawson