Scribd
Upload
16 views

Lesson 1 - MAS

The document discusses management advisory services (MAS) including defining MAS, understanding MAS practice standards, and areas of MAS. MAS involves providing independent and objective advisory services to help management improve resource use and achieve goals. The document outlines traditional and emerging areas of MAS practices.

Uploaded by

Rochelle Urboda
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
16 views

Lesson 1 - MAS

The document discusses management advisory services (MAS) including defining MAS, understanding MAS practice standards, and areas of MAS. MAS involves providing independent and objective advisory services to help management improve resource use and achieve goals. The document outlines traditional and emerging areas of MAS practices.

Uploaded by

Rochelle Urboda
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 34

MANAGEMENT ADVISORY

SERVICES

LESSON 1 AUGUST 2023 NDMC MIDSAYAP


LEARNING OBJECTIVES
After studying lesson 1, you
should be able to:
Define Management Advisory
Services.
Understand the MAS practice
standards.
Areas of MAS
BASIC CONCEPTS
Management Advisory Management (MAS)

MAS is an accounting practice that involves providing advice


and technical assistance to management to improve resource
use and achieve organizational goals.

the primary purpose of which is to recommend solutions or


suggested actions with respect to the issues involved

Helps to effect constructive change in the organization


BASIC CONCEPTS
Management Advisory Management (MAS)

An advisor, an independent CPA, provides technical assistance


and advice to a manager, gaining their trust and confidence
without being a member of the organization.

MAS involves an analytical approach and processes, involving


activities like determining client objectives, fact-finding,
problem definition, alternative evaluation, formulation, and
follow-up.
DEVELOPING TREND

Overview of MAS
FUTURE PROSPECT
Management consulting will become even more specialized

Insight provider, creator and sharer of information

Management consultancy firms will tend to remain small or quite large

Sophisticated marketing

Career attraction in management consulting


MAIN TYPES OF CONSULTING FIRMS
MANAGEMENT CONSULTING
Independent and objective advisory service provided by
qualified persons to clients
Recommend solutions or suggested actions with respect to
the issues involved
Helps to effect constructive change in the organization
TWO TYPES OF ENCOUNTERS
WHY USE MANAGEMENT CONSULTANTS?
Temporary
Independent Professional
Professional Agent of Change
Viewpoint Advisory
Service
See the true nature Posseses special Less expensive Catalyst for change
of problem knowledge, skills and T e m p o r a r y
Distringuish variety of personal professional help
feasible and attributes
infeasible Introduce new ideas
U n b i a s e d into the organization
suggestion
AREAS OF MAS PRACTICES
Management advisory services encompass all services provided
to management, excluding auditing, legal services, and
taxation, as per professional standards.

Management functions of analysis, planning, organizing and


controlling.
AREAS OF MAS PRACTICES
Introduction of new ideas, concepts and methods to
management.

Improvement of policies, procedures, systems, methods and


organizational relationships.

Application and use of managerial accounting, control systems,


data processing, and mathematical techniques and methods

The conduct of special studies, preparation of


recommendation.
TYPES OF MAS ENGAGEMENTS
Nature of the Problem

Service Delivery Area

Phases of the Analytical Process

Techniques and Methodologies

Applied

Industry or nature of organization

Geographical Area
NATURE OF THE PROBLEM
SERVICE DELIVERY AREA
functions or activities in which the problem exists.
PHASES OF THE ANALYTICAL PROCESS
TECHNIQUES AND METHODOLOGIES

Example:
Capital Investment planning can be aided by a discounted
cash flow model.
INDUSTRY OR NATURE OF ORGANIZATION

GEOGRAPHICAL AREA
TYPES OF CONSULTANCY
WORKS
Business planning and development or
Project feasibility studies

Information systems consulting

Management / Operations audit

Business process improvement /


reengineering
TYPES OF CONSULTANCY
WORKS
Others such as
• Marketing Research
• Marketing Strategy Development
• Developing promotional campaign
• Planning sales force activity
• New product development
• Developing proposal for financial support
• Staff Recruitment
• Exporting and international market
BUSINESS PLANNING AND
DEVELOPMENT
(PROJECT FEASIBILITY)

Effective consultant can use the


projec t proposal to establish
exactly what the client wants and to
manage his or her expectations
about what can realistically be
achieved.
INFORMATION SYSTEMS
CONSULTING
Information needed:

• Business’s external situations


and internal state.
MANAGEMENT / OPERATIONS
AUDIT
Operational Audit are conducted to
evaluate the effectiveness and/or
efficiency of operations.
BUSINESS PROCESS IMPROVEMENT /
REENGINEERING

It is the complete redesign of a process


with an emphasis on finding creative
new ways to accomplish an objective.
It involves developing new ways to
perform existing activities and ways to
stop performing non-value adding
activities.
AREAS OF MANAGEMENT
ADVISORY SERVICES
I. TRADITIONAL SERVICE
I. TRADITIONAL SERVICE
Design and Appraisal of Accounting System
•Development of an accounting system for newly-organized firm
•Revision, partial or complete, of an existing accounting system
•Extension of the present accounting system to cover new business
activities.
•Accounting service in general
•Accounting Machines installation
•Internal Control Studies and Installation
I. TRADITIONAL SERVICE

Financial Management- related services


Project Feasibility Studies
II EMERGING CONSULTANCY SERVICES
Global Risk Management Solution
• Managing totality of risks-financial, operational and
systems, and strategic to improve financial and business
performance.
1. Financial Risk Management
2. Strategic Risk Management
3. Operational and Systems Risk Management
4.Compliance Risk Management
5. Internal Audit Services
II EMERGING CONSULTANCY SERVICES

Transaction Services
•
Involves services related to mergers, acquisition,
divestitures, joint ventures, spin-off and strategic
alliance

Financial Advisory Services


• CPA's provide financial, economic and strategic advice to
companies with complex business problems and disputes.
OTHER TYPE OF CONSULTANCY
PLANNING SALES FORCE ACTIVITY
• Overall organization of the team
• Sales team training
• Sales team motivation
• Planning sales campaigns
OTHER TYPE OF CONSULTANCY
NEW PRODUCT DEVELOPMENT
• Understanding the customer's needs through market
research
• Technical advice on product development
• Identifying and contacting suppliers of critical
components
• Developing promotion campaigns to get distributors on
board
OTHER TYPE OF CONSULTANCY
STAFF RECRUITMENT
• Assessing the firm's human resource requirement and
identifying skill and knowledge gaps
• Creating advertisements to attract the right people
• D e ve l o p m e n t a s s e s s m e n t c r i te r i a , i n te r v i e w
procedures and psychometric testing of candidates
• Advice on the reimbursement packages new recruits
will expect
OTHER TYPE OF CONSULTANCY
EXPORTING AND INTERNATIONAL MARKETING
QUESTIONS
COMMENTS
REACTIONS

You might also like