Financial Control and Decision Support
Budgeting, Profitability Analysis and Internal Financial Controls
Work performed
- Budgeting and variance analysis
- Reports compare budgeted and actual figures and record variances for management review.
- Profitability analysis
- Margins are examined by product, service or business unit to show where profit is earned.
- Reporting gap reviews
- Current reporting is assessed to identify what it does not yet cover and what should be added.
- Internal financial controls and finance-process reviews
- Reviews document existing controls, finance processes and observations for management consideration.
Common questions
What is budgeting and variance analysis?
Preparing a budget with management and periodically comparing actual results against it, recording the differences and their explanations.
How is profitability analysed?
Revenue and costs are allocated to products, services, customers or business units to show the margin each contributes.
What is a reporting gap review?
An assessment of existing financial reports against the information management needs, identifying what is missing or inconsistent.
What does an internal financial controls review cover?
Documentation of existing controls and finance processes, such as approvals, reconciliations and segregation of duties, with observations for management consideration.
Readiness work concerns financial information and supporting documentation within the scope permitted to a Chartered Accountant. It does not include merchant banking, securities placement or regulated services requiring separate authorisation. Financial projections depend on stated assumptions; no funding, investor acceptance, listing or transaction outcome is assured.
Pranay Bhansali & Co., Chartered Accountants, Bengaluru. Enquiries: contact@pbhansali.com. Last reviewed: October 2026.
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