This Statement on Management Accounting presents the Profitability Analytics Framework, which provides a practical road map for management accountants to acquire broad knowledge of their business and take on a more active partner role in every key area of the business.

The framework is providing improved internal decision support information throughout the organization to improve profitability and ensure management accountants are communicating and engaging in all areas of the organization in a valued way. The framework can support and enhance an organization’s strategic planning by providing data, information, analytics, and insights well beyond what is provided by traditional financial reporting.

Originally published at https://www.imanet.org.

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In a study of 23,158 companies, we found 40% of business owners share one common strength. They are Rainmakers — the primary revenue driver for their company. Rainmakers are exceptional at rapidly accelerating business growth, but our data suggests they eventually hit a ceiling. Revenue stagnates and business value plateaus, forcing owners to confront the Rainmaker’s Dilemma.

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Originally published at https://micpaknowledgehub.com.

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Alexandra Keleti

Alexandra Keleti

Alexandra Keleti grew up in the suburbs of Kansas City. When she was a child, her family fostered in her a love for classical music. While her hobbies.