In management accounting or managerial accounting, managers use these provisions of accounting information in order to better inform themselves before making bold deceive decisions within their business. One simple definition of management accounting is the provision of financial and non-financial decision-making information to managers.
According to the Institute of Management Accountants (IMA): "Management accounting is a profession that involves partnering in management decision making, devising planning and performance management systems, and providing expertise in financial reporting and control to assist management in the formulation and implementation of a businesses strategy".
A service that many busy growing companies with an eye on being bigger and better than they are today.
- Design of template for management accounts to show the information you need to know
- Production of management accounts – monthly, quarterly or at the half year
- Key performance indicator reports
- Preparing budgets and forecasts