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Typically, most company's rely on accounting procedures, processes and reports that are primarily intended for mandatory tax reporting, rather than for accurate management analysis. It is simply a matter of not using the correct tools for the job. This problem frequently explains the dichotomy between projections and actual performance. The solution is in the development, training and implementation of accounting processes and procedures that facilitate and support critical path management (CPM). Establishing and applying the fundamental accounting concepts and principles that permit management intervention in the prevention or resolution of deviations from planning is the key. This management philosophy is often referred to as "Management by Exception". The Professionals at ACG are highly experienced in the critical path methods of construction management. Throughout an entire engagement, the ACG Accounting team will meet with company executives, management, and employees in both group and individual settings. The ACG Accounting team will work with your company's entire accounting staff to develop, document, implement and manage a system capable of supporting the critical path management that will help your company to deliver on time and on budget.
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The
ability to accurately collect, document and report all financial
transactions in a timely fashion is an essential ingredient for proactive
management. Knowing precisely where a company stands in real time,
is critical in determining how and if the company's goals can be achieved.
It is simply not enough to be able to analyze where the company stood last
month, last quarter, or last year. Senior management must have a
clear grasp of where the company is today and where it will be at various
points in both the near and distant futures. In the absence of
"real-time" accounting reports, senior management is unable to effectively
control the future financial health of the company.
