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Management adv|sory serv|ces by lndependenL

accounLlng flrms can be descrlbed as Lhe funcLlon of


provldlng professlonal advlsory servlces Lhe prlmary
purpose of whlch ls Lo lmprove Lhe cllenL's use of lLs
capablllLles and resources Lo achleve Lhe ob[ecLlves of Lhe
organlzaLlon
Management consu|t|ng can also be descrlbed as an
lndependenL and ob[ecLlve advlsory servlces provlded by
quallfled persons Lo cllenLs ln order Lo help Lhem ldenLlLy
and analyze managemenL problems or opporLunlLles
ManagemenL consulLanLs also recommend soluLlons or
suggesLed acLlons wlLh respecL Lo Lhese lssues and help
when requesLed ln Lhelr lmplemenLaLlon
@ypes of Management Adv|sory Serv|ces Lngagements
Nature of the prob|em
lasslflcaLlons of problems accordlng Lo Lhelr slLuaLlon are
as follows
WorrecLlve
Wrogresslve
WCpporLunlsLlc
orrect|ve prob|em lnvolves a slLuaLlon ln whlch
condlLlons have worsened lL usually arlses suddenly and
demands urgenL acLlon
rogress|ve prob|em lnvolves an exlsLlng slLuaLlon LhaL can
be lmproved
Cpportun|st|c prob|em lnvolves a slLuaLlon ln whlch fallure
opporLunlLy exlsLs
Serv|ce De||very Area Lhe funcLlon or acLlvlLles ln whlch
Lhe problem slLuaLlon exlsLs may be classlfled ln number of
ways Cne classlflcaLlon plan for lnsLances employs Lhe
followlng grouplngs
W eneral accounLlng
W ManufacLurlng
W ersonnel
W llnance and accounLlng
W MarkeLlng
W rocuremenL
W 8esearch and developmenL
W ackaglng
W AdmlnlsLraLlon
W lnLernaLlonal operaLlons
JlLhln each prlnclpal area are several narrower areas lor
lnsLances under flnance and accounLlng Lhe followlng
may be Lhe sub[ecL of managemenL advlsory servlces
eneral accounLlng
osL accounLlng
ShorL Lerm plannlng budgeLlng and conLrol
redlL and collecLlons
Long range flnanclal plannlng
aplLal lnvesLmenL
Marglnal lncome analysls
llnanclal plannlng
valuaLlon
And appralsal
1axes
llnanclal lnformaLlon and plannlng
JlLhln each prlnclpal area are several narrower areas lor
lnsLances under flnance and accounLlng Lhe followlng ma
be Lhe sub[ecL of managemenL advlsory servlces
eneral accounLlng
osL accounLlng
ShorL Lerm plannlng budgeLlng and conLrol
redlL and collecLlons
Long range flnanclal plannlng
aplLal lnvesLmenL
Marglnal lncome analysls
llnanclal plannlng
valuaLlon
And appralsal
1axes
llnanclal lnformaLlon and plannlng