Management Control
Every modern and cutting-edge company must have an effective management control in order to be competitive and high performing in today’s market.
FEATURES AND BENEFITS
Management control is a set of techniques and methods to
- Evaluate the business trend
- Support managers to make the right decisions
- Boost marketing strategies
- Maximise economical and financial results
A better management control helps to make sure that the company’s financial resources and productive assets are used in an efficient and effective way, in line with the company objectives
SERVICES
- Analysis and restructuring of balance sheets:Allows for a simplified reading of the budget, highlighting for example: The difference between running costs and company investments
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- Comparative analysis : Comparison between the current and previous years’ budget to have a better view of the business performance
- Budget:To draw up an ‘end of year’ to estimate costs and revenues, incomes and expenses of the previous year
- Analysis of company variances:To periodically measure the differences between the projected and actual budget
THE ROLE OF COST ACCOUNTING
Cost accounting is essential for an effective management control because its aim is to provide costs and revenues for each department, orders, product line, groups of people and resources, ex: all the analytical aspects that the ordinary accounting cannot provide
What sectors, geographical areas, or product lines pay better?
Is it better to ask for more funds or use my own capital, invest in new resources or use outsourcing?
Once the company assessment is done, studio Di Forti analyses these aspects with you,to help you to understand in detail the weaknesses and strong features of the management, and to respond accordingly.
MANAGEMENT CONTROL AND BUSINNES LAW
The new law about business crisis, that comes into effect on the 01/09/2021, che entrerà in vigore il 01/09/2021has as objective not only the creditors’ mere satisfaction, but most of all the protection of the company’s continuity and the prevention of crisis situations.
Main solutions offered:
- A suitable company structure : an instrument already in force since 16/03/2019 with the modification of the art. 2086 codice civile, that asks the entrepreneur to set up a structure adequate to the company size and to the prevention of any crisis
- For the individual company actions to be taken in order to promptly detect and solve the crisis.
- Crisis indicators: discrepancies in terms of wages or capitals, that can be detected with specific indexes
- Reporting requirements : reporting the state of crisis is compulsory for managers, auditors, revenue office, and social security institutions.
Thanks to an accurate system of managementcontrol, you can monitor:
- Costs
- Margins
- Treasury
- All the main variables of the business performance
In order to point out the threats of a competitive environment before they lead to a crisis and to identify financial discrepancies before they become chronic.
Di Forti studio, with accurate control management, will help you to become familiar with all these instruments that allow you to properly evaluate any prompt intervention in order to prevent possible situation of crisis.
