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What do you consider the most important management accounting practices in your company?

Jerry Miller's Profile


Topic Expert
Regis Quirin
Title: Director of Finance
Company: Gibney Anthony & Flaherty LLP
LinkedIn Profile
(Director of Finance, Gibney Anthony & Flaherty LLP) |

I am a very big advocate of scorecards which allow any individual that understands your business to gauge how you are doing, by looking at a one page scorecard. Every department should identify no more than 10 ratios...trend the some benchmarks and you will have an excellent management tool.

Kirsten Clark
Title: President
Company: Professional Small Business Management, ..
(President, Professional Small Business Management, Inc.) |

I'm an advocate of using a Cash Flow Projection. This is an important tool to help make decisions in advance of being faced with a possible financial crisis. The economy has been tough these past few years and it's important to track and understand your cash flow.


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