Introduction The Deputy First Minister, John Swinney, set out “four important factors” in arriving at the measures announced in the 2023/24 Scottish Budget: The pressures on the public finances mean that in some cases, the Scottish Government’s plans will need […]
Category: Management Information
Dissecting inflation: what a difference a year makes
Annual CPI inflation hit 10.1% in September, but that does not mean every price is showing a double-digit increase. The September Consumer Prices Index (CPI) inflation reading is probably the most important inflation metric in a given year. Traditionally, this […]
Double whammy from rising prices
Rising prices hurt just about everyone, but small business owners face a double whammy: the impact on their own spending power, but also less revenue coming in from cash-strapped customers. The volume of retail sales fell 1.4% in March, with […]
early signs of the “bounce back”?
Scotland’s onshore GDP is estimated to have increased by 2.1% in March, with growth in many sectors of the economy despite the ongoing restrictions for some customer-facing services. Output remained 5.4% below pre-pandemic levels in February 2020 and is 0.9% […]
Why Management Accounts? To Purchase or Manufacture?
In this entry in our series on ‘Management Accounts – The Benefits’, we looked at how the production of Management Accounts for your company can clarify whether it would be more beneficial buying a product or manufacturing your own.
Why Management Accounting? Budgets & Forecasts
Management accounting can be more than analysing production costs and profitability, it can be about budgeting and forecasting too. It can allow you to see what is on the horizon for your firm over the coming months, allowing you to […]