What types of business decision-making does managerial accounting information help to facilitate?
By assembling your studio’s financial results using managerial accounting principles in accordance with industry standards, PPA’s Studio Management Services is able to give you the information you need to make decisions that will increase your profitability. This will enable you to determine if your cost of sales are too high, the prices of your products are too low, your overhead (rent, utilities, etc.) is out of line in comparison to your sales volume, or if the amount you pay employees makes sense in relation to the amount of income you earn. These are a just a few examples of the information that can be obtained and analyzed using managerial accounting-based financial statements.
