This report investigates the presentation and analysis of financial information in 41 UK Manufacturing companies. Traditional and contemporary accounting techniques are exemplified in the case studies. With old and new techniques explored, the research shows that there is little that is new in management accounting theory and practice. The study concludes that there is not one set of practices which all should follow.
Cima research report reveals methods currently used for reporting financial information in UK manufacturing companies.
Based on 41 companies, it shows a rich diversity of reporting practices that are constrained neither by the financial accounting requirements of SSAP9 nor by any sense of general management accounting trends.
Financial Directors choose from a toolkit of traditional and contemporary practices in constructing reporting systems appropriate to their varied commercial needs, but with a strong leaning towards contribution margin approaches.