ROSS Consultants and Management Accounting in Practice
Financial management consulting is one of our company’s key areas of activity. In this respect, our mission is to help organisations succeed through the use of effective management accounting systems and practices.
From this perspective we are ready to combine our financial and management accounting knowledge and expertise with CIMA best practices and methodologies in order to support our clients in projects that entail:
- Business planning and budgeting;
- Business process improvement;
- Cashflow management / Treasury;
- Contribution / Profit / Gross margin analysis;
- Performance management;
- Cost reduction;
- Costing / Management control systems;
- Funding to business;
- Resource allocation;
- Interim management.
Management Accounting
According to The Chartered Institute of Management Accountants (CIMA), management accounting is the sourcing, analysis, communication and use of decision-relevant financial and non-financial information to generate and preserve value for organisations.
CIMA has developed a framework of four Principles that set out the fundamental values, qualities, norms and features that represent management accounting:
- Communication provides insight that is influential;
- Information is relevant;
- Impact on value is analysed;
- Stewardship builds trust.
The Principles guide best practice in management accounting to ensure difficult decisions can be taken which will drive sustainable value. The Principles provide a very good support for benchmarking and improving management accounting systems and performance.
CIMA Management Accounting in Practice
A CIMA Practising Certificate proves to our clients that we have attained a level of competency to offer management accountancy services in an ethical and professional manner. As a Member in Practice we are supervised by CIMA for compliance with money laundering and counter terrorist financing regulations.
By upholding the fundamental principles of the CIMA Code of Ethics, our clients can feel safe that we, as professionals are acting with outmost integrity and objectivity. We are committed to continuing our professional development, remaining aware of global accounting standards and best business practices.
