Perhaps the luck or even the entrepreneurial profile and do a good feeling about the company can survive for some period without this information, but long term this lack of basic knowledge for decision making can take that entity to become a more If the mortality statistics of MSCs.
There is a metaphor about the importance of accounting as a management tool that compares a company without accounting for a boat lost in the ocean without a compass. I do not know who was the author of this translation, even for already having it read in several articles and books by different authors, but whoever was lucky enough to make that comparison. After all, the market is indeed an ocean (and quite stormy tell by the way) and the company will never know what direction to go without the “compass” of accounting information.
Depending on the profile of the reader, I hope, has closely followed the text, I would have two different ways to complete it, so I beg leave to textual rules to give this article not only one but two different conclusions:
1 – For readers entrepreneurs: Easy! Even if your company does not have a management accounting system to provide you with information for making decisions, there is no reason to despair. Contact your accountant and tell him you want to adopt an accounting model focused on the supply and management needs not only to meet the Treasury. If you could build your project without this information, imagine how your business will grow if it starts to use the managerial accounting in support of their management!
2 – For readers accountants: It’s time to resume accounts that we were still taught at the academy and perfected by experience. We’ll pull on micro and small enterprises the true function of our work, our role as information providers. Surely it is important to meet the requirements of Internal Revenue (especially in a country with such a famine as our tax), but keep in mind that we can add more value to the company providing basic tutorial through information generated by the statements and reports to suit user who want to achieve. Get to work!