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 […]
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 […]
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 […]
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% […]
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.
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 […]
In today’s world, companies are discovering more ways to capture and analyse data. However, this activity is only useful if it can provide valuable data feedback, which the users can interpret and use to their advantage. In terms of information […]
As the modern world has become fast paced and technology-driven, it is now more important than ever to have control of your business and to know what’s ahead. This is were Management Accounting comes into play.
In our ever-changing world, businesses cannot survive by using the past to predict the future. Therefore, they cannot thrive using only financial accounting, they require management accounting to look ahead. If you don’t control your activities through management accounting, you […]