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Management Accountant Canberra ACT

A Management Accountant adds a significant amount of expertise to your business, and requires a special set of skills and formal educational requirements, including a minimum of a Bachelor’s Degree and Professional Designations (eg: CPA Australia, CAANZ, Certified Management Accountant, or Chartered Global Management Accountants)

 

What do Management Accountants do?

Management accountants are a specialization of Accountants, just like a Cardiac Physician, is a specialization of Medical Doctor. Management Accountants are sometimes also referred to as a “Cost Accountants” and one of their primary roles in any business is that of risk management. They create budgets, business plans, manage company investments, strategize and ultimately provide the information to help the company owner, manager, or board of directors to make meaningful and rational decisions.

Our Management Accountants in Canberra are ideally placed to help with tender submissions, contract performance analysis, budgeting and assisting with grant acquittals

Often a Management Accountant will supervise, support and train junior accountants who handle the process work, such as recording and reconciling bank transactions (revenue and expenses), tracking tax liabilities (PAYGW, PAYGI, GST and Income Tax). In smaller firms the Management Accountant may manage this entire process start to finish arriving at a complete set of financial statements (Profit and Loss, Cash Flow Statements, Balance Sheet, and many more).

If your Canberra-based business relies upon continued government funding, or perhaps you are applying to tender for the first time, a well-polished set of financial documents certainly helps improve your standing with the government procurement process.

 

Can you Outsource a Management Accountant role?

Absolutely, and it is a very effective way for smaller businesses to gain access to this skill-set that historically has been only available to larger private and public companies.

By hiring an outsourced Management Accountant, you don’t need to employ a full time resource, instead simply pay for the level of service and support you require.

Ascend Solutions is your outsourced Management Accounting Specialist.

We provide CPAA and CAANZ trained Management Accountants to assist you with gaining insights beyond that of basic bookkeeping.

For many of our bookkeeping packages we also include some component of Management Accountant support and analysis of your key business metrics.

Our Management Accountants assess and report on internal controls, governance, key business performance metrics, benchmarking against industry, as well as supporting the selection and implementation of best systems and processes for the industry in which the business operates.

Want to know how a Management Accountant can help in your Canberra business? Why not get in touch today for a complimentary fact find call with our in-house Management Accounting specialists.

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