PERSPECTIVES IN CONTROLLING
Accounting Perspective: Business Insight
You are employed by a company as a sales manager. One day during a meeting with head office to discuss financial results, the Vice President asks you to discuss gross margin percentage, cash flows from operating activities, and inventory turnover for your territory. If you understand accouting perspectives and are familiar with the "language of business" you will be able to use terms and concepts that are needed to carry out and make business decisions.
Basically there are different user groups and each has its own set of expectations. Accounting Perspectives need to be kept in mind when providing accounting information.
Budgets |
Types of Reports |
Estimates |
Choices |
Financial Management Tax |
Accounting Areas |
Local & Global |
Differences |
Managerial Audit Compliance Financial reporting Tax |
Accounting Behavior |
Market Regulatory |
Environment |
Performance |
Position |
Outsiders |
Insiders |
Application Use |
Ethics |
Balance Sheet Profit and Loss Cash Flow Retained Earnings |