Efficient management accounting is a critical aspect of your internal decision making process. The key players within your organization depend on internal accounting information to make decisions.
Thus, these key players will most likely shy away from complicated accounting reports that are also difficult to understand and contain irrelevant information.
Effective management accounting enables an organized internal accounting system that provides targeted information, such as key drivers of value and costs, that are relevant to the decision-making process.
Effective management accounting results in:
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Better integration of management accounting with the strategic management process
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Proper identification of which accounting information is most relevant
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Improved communication of relevant accounting information
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An efficient process for measuring, analyzing, reporting, and interpreting accounting information
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Increased acceptance and utilization of internal end-user accounting reports
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A more efficient decision-making process
Our team of Certified Management Accountants (CMAs) and Certified Financial Managers (CFMs) will help you review your current management accounting system to determine whether it adequately supports your business operations.
Leumas Solutions will assist you to develop and implement an improved system that readily provides all the relevant information in a less intimidating and easily understood format.
Our Management Accounting solutions will also help you improve your budgeting process and develop an efficient variance analysis framework to enable you to effectively track and review the causes of variances to budget.
The Cost Accounting consultants at Leumas Solutions will help you with your cost analysis (product/service costs, cost-volume-profit analysis, margin analysis etc.) and pricing analysis.
Cost Accounting Standards
Leumas Solutions provides assistance to government contractors on all issues related to Cost Accounting Standards (CAS). We provide guidance to government contractors on the application of CAS, and also help them to modify their costing accounting practices to comply with CAS.
CAS generally govern cost allocation as it applies to government contracts, and thus directly influence a government contractor’s pricing and cost accounting practices. Failure to comply with CAS, more often than not, leads to potential disputes with the government as well as significant adverse effects on the contract's profitability.
