Management Accounting vs Financial Accounting: What Is the Difference and Why Does Every Business Owner Need It?
Many business owners believe that as long as their accountant is doing their job, the finances are under control. But at some point they discover that the business shows a profit yet there is no cash in the bank; revenue is growing but margins are falling; the company is expanding while decisions are made purely […]
Defence Procurement in Ukraine
Legal Framework · Pricing · Margins · Taxes · Duties · Risks · Audit Current edition: April 2026 LEGISLATIVE AND REGULATORY FRAMEWORK 1.1. Laws — Primary Regulation Document Reference Key Provisions for Suppliers Law on Defence Procurement No. 808-IX of 17.07.2020 (as amended by No. 2526-IX, No. 2958-IX, No. 3589-IX, No. 4111-IX) General legal […]
DIIA CITY & DEFENCE CITY
ANALYTICAL REPORT Ukraine’s Special Legal and Tax Regimes: Features, Conditions, Taxes, Customs, Restrictions As of 01 April 2026 DIIA CITY For IT business Law No. 1667-IX of 15.07.2021 Law No. 1946-IX of 14.12.2021 DEFENCE CITY For defence industry (DIC) Law No. 4577-IX of 21.08.2025 Law No. 4578-IX of 21.08.2025 PART I. DIIA CITY REGIME 1.1. […]
Profit statement, balance sheet and cash flow and what their analysis gives
Financial reporting is a key tool for assessing the health and performance of any business. There are three main types of reports that provide a comprehensive view of a company’s income, expenses, assets, liabilities, and liquidity: the Profit and Loss Statement (P&L), the Balance Sheet, and the Cash Flow Statement (CF). Analyzing these reports helps […]
Implementing Management Accounting from Scratch
Management accounting implementation is a key stage in building a controlled and transparent financial management system. Management accounting enables business owners and executives to gain a clear view of financial performance, control costs, assess profitability by segments, and make well‑grounded management decisions. In practice, mistakes most often occur not at the automation stage, but much […]
Financial Diagnostics and Stability Assessment
The foundation of risk management is an objective evaluation of the company’s financial position: The objective is to identify systemic vulnerabilities and potential financial stress points. 2. Financial Modeling as a Decision-Making Tool A financial model forms the analytical basis for strategic decisions. It includes: The model allows management to evaluate the financial consequences of […]
How to evaluate business performance using a financial model
A financial model is one of the key business management tools that allows a company to assess its effectiveness, forecast financial results, and make well-grounded management decisions. It forms the foundation of management accounting and strategic planning, as it translates the financial logic of the business into numbers. A high-quality financial model should be structured, […]