What should not be forgotten by the main financier of the company

The process of becoming management accounting in any company can be compared with the process of selecting glasses for a visually impaired person. The lack of information, as a smaller diopter, and its excess, as too much diopter, and all this prevents the effective decisions in the organization of management accounting, but ultimately, to achieve the desired visual acuity, that is, the effectiveness of managerial accounting. All indicators and data should be provided to persons who make decisions at the right time (or at any time), in the necessary or sufficient quantity, in an understandable, that is, readable format and with a minimum error. In the process of developing a managerial accounting model, it is necessary to keep all of the above, and act according to the scheme that you will read now. If your company has already found a promising business development niche, but does not have sufficient investment capital, then financing is the best solution when the banking structure provides the necessary funds for the project under the guarantees of future financial flows. These investments are associated with great risks, unlike lending to an existing business, however, they have their own undoubted advantages, both for the borrower and for the credit financial organization.

Often in the company the financial director directly submits to the general director or the board of directors. It is worth noting that the first option is currently more common, since there are much more advantages in this interaction format.