CDS // Accounting // Management Advisory Services

Conway, Deuth & Schmiesing's technical knowledge, training and business experience enable us to provide a broad range of management advisory services including:

Management information -- CDS will design and assist in the installation of accounting systems to fit the requirements of a particular business. We will also analyze existing accounting systems and recommend ways to improve controls and efficiency.
Cost Systems and Controls -- Cost accounting is more than just calculating product costs. It involves identifying, evaluating, and recommending ways to reduce operating costs and improve profitability. We can analyze a business and identify the type of cost system that would be most appropriate for controlling all aspects of its operation. This might involve cost analyses, equipment evaluations, budgetary and cost control development, or inventory and production planning systems.
Financial Analysis -- Financial analysis and planning strategies can include economic evaluations, projections and forecasts, long and short-range planning, studies on mergers and acquisitions or the feasibility of other proposed business decisions. Conway, Deuth & Schmiesing will prepare and conduct special studies of inventories, computers, costs, credit, collection, and cash now that produce the kind of specific information business managers must have to solve their problems.
Systems Design and Implementation -- The effective use of computers requires an understanding of data processing technology, business planning processes, the use of management information for planning and control and the application of accounting and other controls essential to an effective system. This capability is increasingly important as management systems become more complex and more critical to overall business success.
Operational Audits -- Businesses continually face problems such as inflation, declining productivity, and inadequate cash flow. New ways to improve profitability are a constant concern.
CDS understands the particular concerns of a given industry and may be able to identify better ways to achieve objectives by performing an operational audit. This might involve analyzing an organization's operations and then assisting in a planning and implementation process. Changes in organizational structure, staffing, or compensation programs may be indicated.
Assistance in the Loan Process -- Financing a growing business is among the owner's greatest challenges. The professionals at Conway, Deuth & Schmiesing can explain financial needs to a banker in a logical and organized way. The result can be a well-structured loan with appropriate collateral for the bank, a reasonable level of debt for the borrower, and a realistic repayment schedule.

Thoughtful financial planning, careful business decisions, and accurate, timely reporting are foundational to success and peace of mind.