Management Control

Management Control Systems

- Preparation of systems for enabling company management to be controlled.

- Implantation of the necessary mechanisms for obtaining trustworthy information rapidly and regularly.

Management Ratios and Variables

Obtaining of the ratios indicating the company's situation:

- Management ratios
- Cash and Profit Ratios
- Sales percentages performance
- Gross profit and net sales ratio

- The Management Variables give information on the company's financial status:

- Profit ratios
- Growth ratios
- Quick ratio
- Debt ratios
- Activity ratios.

- Use of the Comprehensive Management Programmes, through which each company hierarchy controls its work and generates detailed information for the superior hierarchy. All these data give a global idea of the company's situation.

Control by Activities and Processes

- In obtaining information, control must be exercised over activities and business processes: process times, activity times and added value.

- A list of detailed data will lead to obtaining better quality information and decision-taking.

Costs systems

- Implantation of a system for obtaining information on the cost of operations:

- System by Activities
- ABC System
- Fixed and Variable Systems

- Calculation of the Total cost and Direct cost for obtaining information on each of the costs during each phase or activity carried out in the company.

- The above makes it possible to make a more complete and detailed analysis of costs.

Internal control

- Creation of the necessary processes for obtaining data with guarantees in respect of reliability and deadlines, for optimum control over business management.

- Defining the closing procedures: accounting processes in order to obtain constant information on all costs and deferral practices.

- Updating of valuations.