Financial reporting is compliance oriented and is used for external purposes. It encompasses the standard reports that companies generate periodically for external use – government bodies, tax authorities, security agencies, etc. In contrast, management reporting is for internal use and it mainly focuses of business directions, cost optimization and profitability improvement. Management reporting is mainly used by senior managers for short-term and long-term decision making.
Avenue Consulting Group goes beyond just bookkeeping and financial accounting. We provide critical oversight, management accounting reporting to ensure that accurate procedures, policies and systems are in place and compliant financial and management reports are generated. When working with us, our clients can rely on accurate and up-to-date reporting system and analytical produce.
Financial reporting is compliance oriented and is used for external purposes. It encompasses the standard reports that companies generate periodically for external use – government bodies, tax authorities, security agencies, etc. In contrast, management reporting is for internal use and it mainly focuses of business directions, cost optimization and profitability improvement. Management reporting is mainly used by senior managers for short-term and long-term decision making.
Avenue Consulting Group goes beyond just bookkeeping and financial accounting. We provide critical oversight, management accounting reporting to ensure that accurate procedures, policies and systems are in place and compliant financial and management reports are generated. When working with us, our clients can rely on accurate and up-to-date reporting system and analytical produce.
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