What are Management Accounts?

Managementaccounts are used to aid management record, plan, and control the activities of a business/organisation, and to help assist in the decision-making process.

The collected information is mainly used by managers, investors, tax authorities, and other stakeholders in order to make resource allocation decisions within companies, organisations, and public agencies.

What is an Accountant?

An accountant is someone who is highly skilled in keeping track of business records, audits, and inspects the financial records (transfers of capital or income) of individuals or business concerns, along with preparing financial reports.

Some are responsible for examining the tax implications of those actions. In addition accountants must also be comfortable with numbers, but must also spend a considerable amount of time reviewing other people’s work and, in particular, delivering bad news.