Tax advice is usually based on data from external accounting, in particular, from the annual financial statement. However, the data basis for controlling is internal accounting, above all, cost and activity accounting. In recent times, the once strict separation between external and internal accounting has increasingly dwindled. Enterprise controlling is viewed as the integration of external and internal accounting in order to generate the advantages that ensue from decision-making with a better-substantiated informational foundation as well as those from transparent reporting.
Read more in PKF newsletter 04/17.