Are you looking for a Chartered Certified Accountant in Derby or Nottingham?
Management Accountants in Derby and Nottingham. http://www.maple.uk.com/ Do you want your business to make more profit and pay less tax? We analyse the performance of a business and advise on how to pre-empt problems, adapt to changing circumstances and improve value.
We assist with Advanced tax planning, to enable the owner managers to enjoy the extra profit.
Maple are a proactive accountancy practice we will deal with all your accounting matters. Maple will assist in Setting up systems to manage Cash, drive profitability, prepare for flotation/sale. A cost effective way of bringing Financial strength to SME's particularly attractive to high growth businesses. Invoice Finance and other finance finding services including cashflow forecasting to support funding requests.
With an outstanding reputation for providing quality customer service and a results driven approach, we are confident that investment in our services will improve the profitability of your company and put the enjoyment back into running it!
CIMA- the Chartered Institute of Management Accountants, trains business managers. A chartered management accountant applies the principles of accounting to provide the financial information necessary for the planning and financial protection of organisations in the public and private sectors. The role combines accounting skills with business management skills - the right combination of skills to make financial decisions
Chartered management accountants look to the future (rather than the past, as in auditing). They analyse the performance of a business and advise on how to pre-empt problems, adapt to changing circumstances and improve value. If you're trying to get your business from A to B - a CIMA management accountant will be able to help you get there.- if you're already at b and want to know how you did it - a traditional Chartered Accountant will be able to help.
What is management accounting?
Management accounting is the practical science of value creation within organisations in both the private and public sectors.
It combines accounting, finance and management with the leading edge techniques needed to drive successful businesses.
Chartered Management Accountants:
advise managers about the financial implications of projects
explain the financial consequences of business decisions
formulate business strategy
monitor spending and financial control
conduct internal business audits
explain the impact of the competitive landscape.
The management accounting skillset In addition to strong accounting fundamentals, CIMA teaches strategic business and management skills. This means our members are qualified to work across an organisation, not just in finance.
Analysis – analysing information and using it to make business decisions
Strategy – formulating business strategy to create wealth and shareholder value
Risk – identifying and managing risk
Planning – applying accounting techniques to plan and budget
Communication – determining what information management needs and explaining the numbers to non-financial managers
Maple Accountancy based in Derby: are a firm of Chartered Management Accountants offering accountancy services, tax and business advice to owner managed and family owned businesses. The Accountancy & Tax Service For Small Businesses.
Professional service, Individual attention, Specialist advice, Timely service, Fixed fees
The Accountancy & Tax Service For Small Businesses.
Business Planning and forecasting 50% of small businesses ‘plan to fail’!
Almost half of small and medium-sized businesses have no business plan in place, according to recent (2009) research. The survey of 500 senior small firm managers revealed that 46% of SMEs do not have any business plan.
For the 54% that do have a written business plan in place, the most common timescale for the plan was 12-18 months, although approximately one in ten had a plan which extended more than three years into the future.
"With the recovery around the corner, now is the perfect time for SMEs that have weathered the storm to take stock of their circumstances. Having a business plan can help ensure companies are in a strong position to take advantage of the opportunities that will no doubt arise from a more positive economic climate,' said Tony Leahy, Head of Communications at Bank of Cyprus UK.
Writing a Business Plan
A business plan helps you to do all the necessary research to take a business concept and lay out how it is likely to work out in practice. It will be particularly important in order to help attract finance for your business.
Financial projections are a particularly important part of the plan and a large amount of detail will need to go into them covering sales, margins, overheads and break-even analysis.
An overview of the Business Plan Basic assumptions must be shown and examined. For this to happen the plan needs to be well organised and presented.
The amount of detail required will vary depending on the situation but the plan should cover the planning of the business using best estimates of future operations, the financing of the business and how it is to be funded, how the plan is to be implemented and the method of monitoring the progress of the business against the plan.
A well thought out business plan is an excellent management tool allowing you to plan what is going to happen and deal with potential problems.
Contents of the Business Plan The plan does not need to be too long, just enough to clearly give the relevant information that a lender may need. Every last detail is not required as you do not want to bore the reader and further information can be requested if required.
The introduction is important as this will determine the extent of interest the reader has in the rest of the plan. Many are thrown out at this point! It is also important to sum up well at the end.
The following can be used as an outline for the arrangement of a business plan...
Contents
Introduction - this should be a good overview what business does, is it established or new, the management team, the competition, the marketplace, suppliers, financial projections and history, investment required and long term plan.
Background - of the company and the key individuals.
Management and Organisation - a management chart and staff plan, salary policy, and outside expertise to be used such as accountants and solicitors.
Products or Services - what you sell.
Operations - the production process, capacity, quality control, plant and machinery needs, the premises required and future needs.
Markets and Marketing - the marketing plan with who the customer base is, how you'll reach them and the competition.
Financial Projections - cashflow projections, profit forecasts and break even calculations. They should be consistent with the rest of the plan and make sense. A detailed monthly cashflow should be provided for at least the first 12 months and in some cases up to 5 years. Worst case and best case scenarios can be provided.
