Management Accounts   Shaw & Associates Ltd [ Accountants in MiltonKeynes & Buckinghamshire ] manage accounting data such as balancesheets, cash flow and income statements ; these can be prepared on amonthly and or quarterly basis. What are management accounts? Management accounting is "The process of identification, measurement, accumulation, analysis, preparation, interpretation and communication of information used by management to plan, evaluate and control within an Entity and to assure appropriate use of and accountability for it's resource ( economics ) resources.  Management accounting also comprises the preparation of financial reports for non management groups such as shareholders, creditors, regulatory agencies and tax authorities. Management accounts help you towards comparing original budgets against forecast thus allowing accurate forward financial planning. Aims: 1.    Formulating strategy|strategies 2.    Planning and constructing business activities 3.    Helps in making decision 4.    Optimal use of Resource ( economics ) 5.    Supporting financial reports preparation 6.    Safeguarding asset Shaw & Associates Ltd is your Management Accountants in Milton Keynes & Buckinghamshire