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Management Accounting

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Introduction

This report is about management accounting systems that are used in the organisations for the management of business operations. It has been recorded that most of the leading accountancy firms are using promotional activities for promoting the products and services in the market. The main purpose of the utility of promotional activities is to retain the attention of the customers. In the report, a draft has been prepared for the leading accountancy firm in which the management accounting systems and its purposes are discussed in a detailed manner. In the report, the difference between management accounting and financing accounting has been analysed effectively. With the use of management accounting organisation would be able to present and provide accounting information so that the organisation would be able to perform itsmanagement operations effectively which will sustain long in the market. While, financial accounting is used by the company for the purpose of measuring the business activities, reports, communication results of the company.

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