Goals and Challenges
Deloitte CIS offers a full range of services for identifying, assessing, collecting, analyzing and interpreting management information. The management information is then required for planning, assessing and controlling company performance and ensuring efficient use of company resources.
We are experienced in developing and improving management accounting procedures and methodologies for numerous industries. With our knowledge of industry best practice, we help our customers in creating an integrated management reporting system for all operational functions, subsidiaries, units, centers of responsibility, KPIs, management information blocks, contractors and IT support systems.
Our professionals are experienced in auditing management reporting systems, identifying opportunities for optimizing management reporting content and quality, creating plans for developing and implementing methodologies for aligning management reporting with international financial reporting standards, and automating management reporting.
Depending on a company’s business and the extent of development for financial/management accounting and planning functions, a project may involve establishing separate management reporting components or creating and implementing a comprehensive solution. Our approach to implementing a management reporting system starts with a diagnostics of the existing system and then developing a basis for management accounting, ending with support for the introduction of automated transaction accounting, data processing and reporting solutions. Our approach also engages client’s employees’ actively in the project, which significantly cuts down the time required by the employees to learn how to carry out their duties in light of the changes we suggest.
How your business will benefit
The main project benefit is higher quality management reporting that can be prepared in a shorter period of time.
Developing management accounting and reporting systems results in the following: