The essence of planning

The essence of planning is the choice of many alternatives to certain specific development goals and objectives. Organization of work - an activity aimed at implementation of the decision, during which the accounting and reporting through continuous oversight by the actual state of the control object and a comparison with routine tasks. In case of deviations is necessary to regulate the process by adjusting the organization of work or changes in plans adopted. Consequently, the organization of management accounting bank significantly affects the effectiveness of management in general. Both at the planning stage, the definition of common purpose and specific objectives of development and in the process of comparing actual and planned development indicators. It should be noted that to effectively regulate the economic process on the basis of management accounting can be used only if the relevant information is provided in a timely manner. Therefore, the first and defining feature of management accounting is necessary for efficiency analysis. The second feature is that it is systemic. It is important that detailed records of business transactions carried out not only for the bank as a whole, but for its divisions, business areas, for individual financial instruments. Category: Uchot bank ucherizhdeny