management accounting

Why do we Budget? Five Big reasons

One thing successful business people will always tell you is to dream big. Steve Jobs did it when he launched the iPhone in 2007. Elon Musk persisted with his dream and found a market for high performance electric cars. The Uber founders certainly did it after they struggled to hail down a taxi one snowy …

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Is your Management Accounting aligned with your business goals?

Two things are certain in business: change and risk. Everything else is unknown but a well prepared and well-resourced business can anticipate change and have a flawless plan to deal with calculated risk. In my previous blog I explained how an effective cost accounting system can change your business outcomes. The trick is that managers …

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