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