{"id":1952,"date":"2019-09-11T21:17:57","date_gmt":"2019-09-11T11:17:57","guid":{"rendered":"https:\/\/saige.com.au\/?p=1952"},"modified":"2019-11-08T11:53:53","modified_gmt":"2019-11-08T00:53:53","slug":"why-your-business-needs-a-management-accountant","status":"publish","type":"post","link":"https:\/\/saige.com.au\/business\/accounting\/why-your-business-needs-a-management-accountant\/","title":{"rendered":"Why Your Business Needs a Management Accountant"},"content":{"rendered":"\t\t
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It is a common myth that management accounting is used purely by the big end of town. Almost all small to medium sized businesses can benefit from the use of management accounting at some point to make important decisions on the direction they take, and when they take them. But was is management accounting? When is it needed? And, what is involved?<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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What is management accounting?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Management Accounting differs from regular accounting. The easiest way to compare management accounting to regular accounting is that regular accounting and bookkeeping looks backwards<\/strong>\u00a0and reports on what has happened in the past. Whereas management accounting looks forwards<\/strong>\u00a0using reliable data to forecast what will happen with your business into the future.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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When is management accounting needed?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Management accounting can help with any future planning a business may require. This generally revolves around a few main areas:<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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