Management accounting

Original to this reference.

Levels

1. Awareness

You can:

• explain budgets, actuals, commitments, and variances
• produce standard budget reports from the finance system

2. Working

You can:

• prepare monthly budget reports and explain the main variances
• code costs correctly between cost centres, projects, and capital and revenue
• support budget holders to understand and manage their budgets

3. Practitioner

You can:

• manage the monthly reporting cycle for a directorate or programme
• build cost models, such as the full cost of a digital service or the unit cost of a transaction
• analyse spending trends and advise managers on actions to stay within budget
• challenge budget holders constructively on their forecasts

4. Expert

You can:

• design the organisation's management reporting and costing approach
• present financial performance to the board and senior leaders
• lead the use of cost and performance information to improve value for money
• set standards for management accounting across the organisation

Closest ESCO skills

• perform cost accounting activities (close match)
• cost management (close match)
• financial analysis (broad match)
• examine budgets (close match)

Contains ESCO v1.2.1 data (https://esco.ec.europa.eu/). © European Union. Reuse authorised under Commission Decision 2011/833/EU.

Role levels that expect this skill