All enterprises are required by law to keep records and
report. However, standard financial statements do not contain all the
information necessary for effective business management. Therefore, at most
enterprises, except for accounting, management reporting is
also compiled. Consider how the preparation of management reporting and its
analysis. The main difference between management reporting and accounting is
its focus on the needs of internal users. The preparation of reporting is
inextricably linked with the budgeting process. In essence, this is one and the
same process, and internal reporting of management is used for purposes,
primarily related to monitoring budget execution.
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