Management accounting is concerned with the provisions and use of accounting information to managers within organisations, to provide them with the basis to make informed business decisions that will allow them to be better equipped in their management and control functions.

In contrast to financial accountancy information, management accounting information is:

• usually confidential and used by management, instead of publicly reported;
• forward-looking, instead of historical;
• pragmatically computed using extensive management information systems and internal controls, instead of complying with accounting standards.

This is because of the different emphasis: management accounting information is used within an organization, typically for decision-making.

Aspects of Management Accounts provided bt Durham Accountancy Services

• Variance Analysis
• Rate & Volume Analysis
• Business Metrics Development
• Price Modeling
• Product Profitability
• Geographic vs. Industry or Client Segment Reporting
• Sales Management Scorecards
• Cost Analysis
• Cost Benefit Analysis
• Cost-Volume-Profit Analysis
• Life cycle cost analysis
• Client Profitability Analysis
• Capital Budgeting
• Buy vs. Lease Analysis
• Strategic Planning
• Strategic Management Advise
• Internal Financial Presentation and Communication
• Sales and Financial Forecasting
• Annual Budgeting
• Cost Allocation
• Resource Allocation and Utilization