The accounting need of any business will vary according to its size, type and sector. As the business owners responsibility that there records and accounts should be kept accurate.

Management Accounts is very important not only for small business, but also required by large corporations because it drives internal reporting’s irrespective of size of the company. Through management accounts individual performance can be seen, it means that the ability to manage the inflow of expense & revenue can be viewed.

	Cash flow
	Audit trail
	Profit & Loss A/c
	Balance Sheet
	Budget Forecasting

	Comparison of your accounts with original budget.
	Better management of resources.
	Increase the identity of business.
	Highlight the disparity about the income and expense which is to be noticed
	Evaluate the financial effect of strategic and plans.
	Decision about capital investment and marketing can be obtained through cost  information.