Responsibility Reporting Case Study

Our principal consultant, Julie Mabberley, worked with the UK Banking Division of an International Bank and managed the design, specification and implementation of an automated Management Responsibility Reporting system.

The system incorporated management accounting, transfer pricing, profitability reporting by market sector, budgeting, forecasting and variance analysis.

Budgets were produced annually with quarterly re-forecasting. Reports were produced monthly showing the actual performance for each department. Results were compared against budgets for the current month and year to date. Full year forecasts were also compared to annual budgets. Actual results were also compared to the same month and year to date results for the previous year.

All reports (including explanations for variances) were produced within 5 working days of the end of the month.

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