Purpose of Management accounts The information from Management Accounts informs how each part of the business has been performing and thereby guide decision-making to benefit the company’s future performance. Measure the gross margin percentage. What are Management Accounts? Everybody has heard of management accounts, so everybody knows what they are. Well, […]
How do you work out retained earnings? What has retained earnings? Usually calculated at the end of each financial year by doing the profit and loss account and then deducting any dividends paid out. Then the balance is carried forward to the following year and shown in the balance sheet. Usually, […]