Accounting Information--II An Essential Aid to Efficiency in the Medium-sized Business.
In: Accountancy, Jg. 76 (1965), Heft 857, S. 25-29
serialPeriodical
Zugriff:
This article presents accounting information relevant to the efficiency of medium-sized business. How can accounting information be used for control purposes? Actual economies in operation can best be made at source by the sales force, for example, or on the factory floor, but it is in calling attention to areas of likely saving through the systematic analysis of results that accounting information can be used really profitably. Too much information presented as a matter of routine, however, will in practice tend to be ignored. More attention is often paid to information supplied as and when requested for particular purposes on the appraisal of results and the analysis of future projects. The accounting service is, therefore, organised to provide operating statements and control information showing actual performance against budget as a matter of routine. A financial analysis section carefully analyses specific projects having full regard to the economic factors involved and highlights those factors on which it is vital management takes decisions and acts accordingly. It is not generally realised that, apart from control information obtained from sales records and production control statistics, virtually the whole of the information on which the managing director bases his system of internal control appears in the accounting record.
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Accounting Information--II An Essential Aid to Efficiency in the Medium-sized Business.
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Autor/in / Beteiligte Person: | Edwardes, R. |
Zeitschrift: | Accountancy, Jg. 76 (1965), Heft 857, S. 25-29 |
Veröffentlichung: | 1965 |
Medientyp: | serialPeriodical |
ISSN: | 0001-4664 (print) |
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