The Management Accounts Pack
The management accounts pack tells the story of the business performance. For all but the smallest of businesses it is an essential business tool for the board of directors and senior management team. These documents allow those not involved in the daily minutiae of the business to see what has happened in the organisation from a financial point of view over the period that the pack covers.
This chapter examines what a great management accounts pack should contain and what it shouldn’t. It will examine distribution protocol and layout principles and how to interpret the data it includes. It will also look at what answers it should provide and what questions it should seek to address. It will examine whether it ...