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FRS 102 Revised Seminar Brings South Yorkshire Finance Leaders Together

​In collaboration with Shorts Chartered Accountants, we recently hosted a seminar for senior finance professionals from across the region.The event brought together a number of Finance Directors, Financial Controllers and senior leaders from across the region for a morning of insight, discussion and networking over breakfast. It was a pleasure to welcome so many familiar faces, alongside new contacts, reflecting the strength and depth of the Yorkshire finance community. The seminar was presented by Howard Freeman, Audit & Accounts Partner, and Andy Ryder, Corporate Finance Partner at Shorts. We are extremely grateful to both speakers for sharing their time and expertise, and for delivering a clear, practical overview of the forthcoming changes to FRS 102, which came into effect on 1 January 2026 and are expected to impact a significant number of UK businesses. The session explored what is changing and why, particularly in relation to lease accounting and revenue recognition, and considered what the updates mean in practice for finance teams and business leaders. The speakers also addressed the new reporting requirements under FRS 102, the potential impact on EBITDA and valuation methodologies, and the key considerations for organisations as they prepare for implementation. Rather than focusing purely on technical detail, the seminar encouraged broader discussion around readiness, communication with stakeholders and the commercial implications of the changes. This led to a highly engaged Q&A session, with attendees sharing perspectives and experiences from their own organisations. At Sharp Consultancy, we are committed to supporting the finance community beyond recruitment alone. Events such as this form part of our ongoing effort to create opportunities for connection, knowledge-sharing and professional development among senior finance professionals. We would like to extend our sincere thanks to Shorts for partnering with us on this event, and in particular to Howard and Andy for delivering such an informative and thought-provoking session. We are also grateful to everyone who attended and contributed to the discussion. We look forward to hosting further events in the coming months and continuing to work closely with our network of finance leaders across the region.If you would like to discuss how these changes may impact your finance team, or if you are considering strengthening your leadership function, please contact us for a confidential conversation. ​

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Management Accountant Jobs in Sheffield

​Management Accountant Jobs: Everything You Need to Know

Are you considering a career as a Management Accountant?

Management accountants play a pivotal role in driving financial performance and strategic decision-making within organisations. In this article, we cover everything from what a management accountant does, to the skills, qualifications, and career progression opportunities in this exciting field.

What is a Management Accountant?

A management accountant is a finance professional responsible for providing financial insights and analysis to support strategic planning, budgeting, and decision-making within an organisation. Unlike financial accountants, who focus on historical data and compliance, management accountants work closely with management teams to forecast future performance and identify opportunities for improvement.

Main Duties of a Management Accountant

The role of a management accountant can vary depending on the size and nature of the organisation, but common responsibilities include:

  • Budgeting and Forecasting: Developing budgets and financial forecasts to guide business planning.

  • Cost Analysis: Monitoring and analysing costs to improve efficiency and profitability.

  • Financial Reporting: Preparing detailed management reports to present to senior leaders.

  • Performance Monitoring: Tracking key performance indicators (KPIs) and identifying trends.

  • Strategic Planning Support: Assisting with financial planning for long-term projects and investments.

  • Risk Management: Evaluating financial risks and recommending mitigation strategies.

  • Variance Analysis: Comparing actual financial performance against budgets to identify discrepancies and areas for improvement.

What Skills Do You Need to Be a Management Accountant?

A successful management accountant requires a mix of technical expertise and soft skills. Key competencies include:

  • Numerical and Analytical Skills: Strong ability to interpret complex financial data and make informed decisions.

  • Communication Skills: Presenting financial information clearly to non-finance professionals.

  • Attention to Detail: Ensuring accuracy in financial reporting and analysis.

  • Problem-Solving Abilities: Developing practical solutions to financial challenges.

  • Time Management: Handling multiple tasks and meeting tight deadlines.

  • IT Proficiency: Familiarity with accounting software and tools such as Excel, SAP, or Oracle.

Qualifications Required for Management Accountant Jobs

While specific qualifications may vary, many management accountant roles require a combination of education and professional certification. Common qualifications include:

  • Bachelor’s Degree: In finance, accounting, economics, or a related field.

  • Professional Certification: Achieving a recognized certification such as:

    • Chartered Institute of Management Accountants (CIMA)

    • Association of Chartered Certified Accountants (ACCA)

  • Work Experience: Gaining practical experience through internships or entry-level accounting roles.

  • Employers often value candidates who demonstrate a commitment to ongoing professional development.

Career Progression Opportunities for Management Accountants

Management accountancy offers excellent career progression opportunities. Starting as a junior or assistant management accountant, you can work your way up to senior positions such as:

  • Finance Manager: Overseeing financial operations and leading finance teams.

  • Financial Controller: Managing the overall financial health of the organisation.

  • Chief Financial Officer (CFO): Providing strategic financial leadership at the executive level.

  • Consultant: Advising businesses on financial strategies and efficiency improvements.

Many management accountants also specialise in areas like risk management, data analytics, or corporate strategy, broadening their career prospects further.

Why Choose a Career as a Management Accountant?

Management accountancy offers a dynamic and rewarding career path with opportunities to make a tangible impact on business success. It’s a profession that combines analytical thinking, strategic planning, and the ability to influence decision-making at the highest levels.

Ready to explore management accountant jobs or find the perfect candidate for your organisation? Contact us today to learn how our finance and accountancy recruitment services can help!

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