Contribution Margin vs. Gross Profit: Why Variable Costing Wins for Management Reporting Meta description: Discover why contribution margin under variable costing provides better i
🤝 A New Friend of Financial Analysts: IFRS 18 In April 2024, the International Accounting Standards Board (IASB) introduced a landmark update: IFRS 18 – Presentation and Discl
Improve your skills in performance management with management accounting! Learn how performance measures can boost both individual and organizational success, going beyond traditio
Turning Around Loss-Making Business Segments As large organizations expand into diversified business segments, not all units perform equally. Some segments quietly dilute group pro
When analyzing a company's financials, it's easy to focus on net profit and assume all is well. However, net profit can be misleading due to one-off gains or creative accounting. U
Are you tired of ineffective cost cuts that leave your organization struggling? Discover why blanket reductions fail and how Activity-Based Management (ABM) provides a smarter appr
We often look at Net Profit as a measure of earnings of the company. Earnings Increased due to increased sales and improved cost controls are of a higher quality than artificial pr
So fellow Financial Controllers, Finance Managers and Accountants, have you ever heard the following phrase ; I want across-the-board-cuts–everyone reduce costs by 10% I bet
Budgets are an integral part of running any business efficiently and effectively. The process begins by establishing assumptions for the upcoming budget period. These assumptions a
Management Accounting applies to fast-paced, highly competitive organizations. It involves many aspects beyond the presentation of the historic financial results. Management accoun