What is management accounting? Management accounting is the compilation of data to provide a wide range of information for managers or executives to make management decisions. 
Currently, management accounting working practices in Lithuania are mainly based on cost reduction. Based on our team’s many years of experience and knowledge, management accounting is not based on the calculation of individual indicators (which is primitive), but on a systemic approach. A systems approach is the assessment of the state of a given phenomenon in the environment in real time, in retrospect and in perspective. Identifying the main components of the phenomenon and discovering the inappropriate factors and, after calculating a number of economic and financial indicators, proposing to management alternatives to solve the problem. When you order management accounting services, you get: An analysis of operational efficiency based on the accounting data you have compiled:
- Which goods are the best (risk of volatility of purchases, volatility of profitability of goods, which goods are optimal in terms of sales, turnover rate of goods).
- Assessment of merchandise trade in Lithuania (assessment of trends in similar merchandise trade, correlation with other macroeconomic indicators).
- Assessment of the optimality of the number of employees, their average salaries, and the optimality of the company’s individual capacities (quantity of goods, administrative tools, purchase of capital goods and other assets).
- Calculation of the optimality of the production elements (plant performance, level of technology adoption, product leakage bottlenecks).
- Complex evaluation of the supply of goods and/or services (optimal combinations, market capacity).
- Identification of the individual inadequate factors in the company and, following a series of calculations of economic and financial indicators, proposal of alternatives to solve the problem.
Various partial service combinations are possible by agreement.
