MINSK
MANAGEMENT
ACCOUNTING STUDIO
The organization and automation of
management accounting, treasury
and budgeting in any sphere of business.
We can help
you with the following:
  • Rate and volume analysis
  • Business metrics development
  • Geographic vs. industry or client segment reporting
  • Cost-volume-profit analysis
  • Product and client profitability analysis
  • Internal financial presentation and communication
  • Annual budgeting
CONTACT US
RIGHT NOW
and get an expedited audit of your company's management accounting for free
EXAMPLE OF COOPERATION
REQUEST
The expansion of the company to 3 legal entities. Management accounting was carried out manually in EXCEL forms. The extension and increase in company groups turnover entailed the necessity to automate the process of data acquisition and processing for management accounting purposes.
WORK DONE
Data acquisition and processing
consolidation of management reports
accuracy reconciliation data setting
development of agreements and instruments on technical support
RESULT

The developed product allowed:

•Fast obtaining of information
from various sources with different
technical parameters.
• Consolidate and data analyze
in the relevant sections.
• Formation of reliable data
sources of given forms.
• availability of manual adjustments
Term: 2 months
The cost of our work: up to $2000
See review
Get the consultation
CASES
  • 01 Aktivlizing Group
  • 02 Vigma Group
  • 03 United Moda group LLС (Oodji brand)
  • 04 Axonim LLC
  • 05 IPM Business school LLC
  • 06 Center of excellence under the Ministry of Finance of the Republic of Belarus
  • 07 A100-development Group
  • 08 Precise supplies International Group
  • 09 Inproma Group
  • 10 JSC Tsentroenergomontazh
  • 11 OJSC "Minsk Watch Plant"
Project results:
• A financial structure was created.
• A cash flow statement of the group of companies has been created.
• The staff structure was optimized without reducing the functionality.
• A mid-term planning system of key parameters was created (NIL, free cash flow).
• An audit of financial reporting under IFRS for 2013 was conducted.

Terms of solving the
problem: 8 months

2014 year
Project results:
• The automation strategy has been developed
• The treasury and the mid-term payment planning system has been created
• Management accounting of the group with consolidation of internal turnovers has been created

Terms of solving the
problem: 2 years

2013 - 2015 year
Project results:
• An understandable management accounting of the retail chain has been created for the owners
• Constantly unprofitable store was identified
Cost optimization during the crisis period of the end of 2014-beginning of 2015 was more than the cost of studio services for the entire 2015

Terms of solving the
problem: 9 months

2015 year
Project results:
• The company's management reporting was automated
• The possibility of instant analysis of economic activities and business plans
• Storage of all key financial information in a single database

Terms of solving the
problem: 5 months

2016 year
Project results:
• Author's developments and know-how of Vladimir Soskin were included in the training programs “Financial Director”, “Executive MBA”
The practical value of these programs for students was improved

Terms of solving the
problem: 6 months

2016 year
Project results:
• More than 300 chief accountants of the largest open joint stock companies of Belarus have been trained in management accounting
• Methodical materials for students were developed

Terms of solving the
problem: 6 months

2016 year
Project results:
• The process of managing contracts in a group of companies was automated
• The process of managing applications for payment was automated
• Drawing up of the report on cash flows was automated and a variance analysis was conducted

Terms of solving the
problem: 16 months

2018 year
Project results:
• An automated system for the collection and analysis of financial data from various sources was created
• When new companies appeared, data on them were promptly included in the common database and reporting

Terms of solving the
problem: 6 months

2018 year
Project results:
• The financial data processing has been accelerated
• The deadlines for closing management reporting were reduced
• The process of agreeing and making payments has been adjusted

Terms of solving the
problem: 4 months

2017 year
Project results:
• The process of cash flow management has been created
• It was possible to carry out mid-term planning
• The contract data management process was created
• Data loading from accounting is set up

Terms of solving
tasks: 18 months

2016-2018 years
Project results:
• The process of cash flow management has been created
• Data loading from accounting is set up

Terms of solving
tasks: 6 months

2018-2019 years
CASES
  • 01 Aktivlizing Group
    Project results:
    • A financial structure was created.
    • A cash flow statement of the group of companies has been created.
    • The staff structure was optimized without reducing the functionality.
    • A mid-term planning system of key parameters was created (NIL, free cash flow).
    • An audit of financial reporting under IFRS for 2013 was conducted.

    Terms of solving the
    problem: 8 months

    2014 year
  • 02 Vigma Group
    Project results:
    • The automation strategy has been developed
    • The treasury and the mid-term payment planning system has been created
    • Management accounting of the group with consolidation of internal turnovers has been created

    Terms of solving the
    problem: 2 years

    2013 - 2015 year
  • 03 United Moda group LLС (Oodji brand)
    Project results:
    • An understandable management accounting of the retail chain has been created for the owners
    • Constantly unprofitable store was identified
    Cost optimization during the crisis period of the end of 2014-beginning of 2015 was more than the cost of studio services for the entire 2015

    Terms of solving the
    problem: 9 months

    2015 year
  • 04 Axonim LLC
    Project results:
    • The company's management reporting was automated
    • The possibility of instant analysis of economic activities and business plans
    • Storage of all key financial information in a single database

    Terms of solving the
    problem: 5 months

    2016 year
  • 05 IPM Business school LLC
    Project results:
    • Author's developments and know-how of Vladimir Soskin were included in the training programs “Financial Director”, “Executive MBA”
    The practical value of these programs for students was improved

    Terms of solving the
    problem: 6 months

    2016 year
  • 06 Center of excellence under the Ministry of Finance of the Republic of Belarus
    Project results:
    • More than 300 chief accountants of the largest open joint stock companies of Belarus have been trained in management accounting
    • Methodical materials for students were developed

    Terms of solving the
    problem: 6 months

    2016 year
  • 07 A100-development Group
    Project results:
    • The process of managing contracts in a group of companies was automated
    • The process of managing applications for payment was automated
    • Drawing up of the report on cash flows was automated and a variance analysis was conducted

    Terms of solving the
    problem: 16 months

    2018 year
  • 08 Precise supplies International Group
    Project results:
    • An automated system for the collection and analysis of financial data from various sources was created
    • When new companies appeared, data on them were promptly included in the common database and reporting

    Terms of solving the
    problem: 6 months

    2018 year
  • 09 Inproma Group
    Project results:
    • The financial data processing has been accelerated
    • The deadlines for closing management reporting were reduced
    • The process of agreeing and making payments has been adjusted

    Terms of solving the
    problem: 4 months

    2017 year
  • 10 JSC Tsentroenergomontazh
    Project results:
    • The process of cash flow management has been created
    • It was possible to carry out mid-term planning
    • The contract data management process was created
    • Data loading from accounting is set up

    Terms of solving
    tasks: 18 months

    2016-2018 years
  • 11 OJSC "Minsk Watch Plant"
    Project results:
    • The process of cash flow management has been created
    • Data loading from accounting is set up

    Terms of solving
    tasks: 6 months

    2018-2019 years
CLIENTS AND PARTNERS WHO TRUST US
HIERARCHY OF INFORMATION NEEDS
How much does
the business cost?
What do we have?
Who do we ought to?
What is the profit?
What and who is the source of our income?
Where is the money?
Fair business valuation is market value.
Management accounting provides only a basis
for fair valuation (capital, EBITDA)
* Ratio, etc..
Answer- Balance sheet statement in the context
of the Financial Responsibility Center
Answer- Profit and loss statement in the context
of the Financial Responsibility Center
Answer-Income in terms of clients
, customer groups, products and
product lines
Answer- A cash flow statement in the context
of the Financial Responsibility Center
HIERARCHY OF INFORMATION
NEEDS
How much does
the business cost?
Fair business valuation is market value. Management accounting provides only a basis for fair valuation (capital, EBITDA) * Ratio, etc.
What is there?
Who we ought to?
Answer- Balance sheet statement in the context of the Financial Responsibility Center
What is the profit?
Answer- Profit and loss statement in the context of the Financial Responsibility Center
What and who is the source of our income?
Answer-Income in terms of clients, customer groups, products and product lines
Where is the money?
Answer- A cash flow statement in the context of the Financial Responsibility Center
WE WILL ANSWER
ALL YOUR QUESTIONS
ONLINE
CONSULTATION
WITH A SPECIALIST
Our team has more than
45 years of combine experience
in organization of management accounting,
treasury and budgeting.

There are more than 25 projects and companies in the management accounting of which I participated

More than 13 years of experience in management accounting. (since 2005)

The main specialities in the Studio:

  • Creation and development of technologies;
  • Organization and management of large-scale projects in big companies;
  • Automation of financial processes
About myself:
Management accounting Studio and Finance department is a big and important part of my life. In addition, I regularly have courses at the IPM Business School, the center of excellence under the Ministry of Finance; make public speeches. I take care of my 8-year-old daughter.

There are 13 projects and companies in the management accounting of which I participated

More than 5 years of experience in management accounting.(since 2012)

The main specialities in the Studio:

  • The development of methodology and keeping management reporting in retail and wholesale trade, making a cash flow statement for organizations with a large number of legal entities, the calculation of inventory value and gross yield in the context of various analytics.
About myself:
I believe in the theory of natural selection, the power of the subconscious and that laziness is the mother of progress.

There are 5 projects and companies in the management accounting of which I participated

More than 2 years of experience in management accounting. (since 2016)

The main specialities in the Studio:

  • Keeping management reporting in retail and wholesale trade with a large number of units, automation of complex turnovers of large companies with data loading from 1C 7.7
About myself:
The lead singer and vocalist of the "Malibu" cover band, just a good person and a pleasant companion))

There are more than 10 projects and companies in the management accounting of which I participated

More than 14 years of experience in management accounting (since 2004), 6 years of which - consolidation of reporting and a large holding (about 50 structural units)

The main specialities in the Studio:

  • The development of instructions for work in the 1C "Finance Dep.", user training, user consultations on the convenience and efficiency of work in the 1C "Finance Dep".
About myself:
I'm an emotional, positive, life-loving person. I consider perfectionism as one of my shortcomings. Complex tasks fascinate and immerse in the world of finding solutions.

There are 24 projects and companies in the management accounting of which I participated

More than 10 years of experience in management accounting. (since 2008)

The main specialities in the Studio:

  • The development of management accounting methodology and reporting system for owners of groups of small and medium-sized business; the selection, calculation and visualization of financial indicators, KPI (Key Perfomance Indicators) for owners and executives; management of service delivery projects according to the outsource model.
About myself:
The most difficult tasks are easier to solve with a smile)
Vladimir
Anastasi
Elizaveta
Olga
Artem
THE MAIN FORMS OF INTERACTION
Outsource
for owners
You buy ready
monthly reports
INCLUDING:
All technical issues/matters (programs and their settings)
The organization of accounting methodology
Data load settings
Setting up reporting forms
Management accounting
Training of executives and
owners to use the obtained data
Compiling up of business performance indicators
Terms of realization: from 3 up to 6 month
Start price
0 $
Service
up to 800 $/month
Select the service package
THE ORGANIZATION
for companies with financial
units
You buy everything
you need to get monthly
reports
INCLUDING:
All technical issues/matters (programs and their settings)
The organization of accounting methodology
Data load settings
Setting up reporting forms
Training users for effective work in the program
Training of executives and
owners to use the obtained data
Technical support by email, phone
and if necessary- at meetings
Terms of realization: about 12 month
Start price
5000 $
Service
from 500 $/month
Select the service package
PROVIDING
TECHNOLOGY
for financiers after training
at the IPM business school
You get a ready-made
tool for making reports
according to your methodology
INCLUDING:
Installation, setup and monthly update of 1C "Finance Dep."
Data load settings (if there is a detailed description)
Setting up reporting forms (if there is an example in Excel)
Training users for effective
work in the program
Email technical support
Terms of realization: from 3 up to 6 month
Start price
1000 $
Service
from 200 $/month
Select the service package
ADDITIONAL SERVICES
Automation of payment schedule and payment applications
You get the ready-made technology
to put your payments in order and
to record those responsible for
documents, expenses and payments
INCLUDING:
Automation of payment applications
Reconciliation with budgets before approval
Making a payment schedule
Cash flow variance reporting
Start price:
from 2500 $
Select the service package
Visual system of performance indicators of the sales department
You get the opportunity to have access
to the latest information always
and anywhere (even on your
smartphone)- modern
interactive visual reports
INCLUDING:
Sales
Yield
Number of contracts/ checks
Activity/ footfall (traffic)/ conversion
Plan and fact
Other necessary indicators
(if they are in the primary database)
Start price
up to 5000 $
Select the service package
Budget process automation
You get the system of collection and
coordination of units budgets which
is adjusted to the specifics of
company budgeting
INCLUDING:
Expenditure budget
Purchasing budget
Sales and revenue budget
Cash budget
Consolidated income and cost budget
Consolidated cash budget
Start price
from 3000 $
Select the service package
OUR VALUES
IN WORK
Efficiency,
drive for results
Independence,
inner responsibility
Attention to details
IN COMMUNICATION
Prompt feedback
Humanity,
mutual respect
Trust, support,
mutual assistance
IN GENERAL
Honesty,
responsibility, reliability
Flexibility, readiness
for changes
Development,
self-improvement
CONTACTS
Address: Minsk, Belarus
51 Korolya st., (office) 721
E-mail:
info@finart.studio
Phone number:
+375(29) 334-07-01
Request a call