Management account, also known as managerial accounting, is a category of accounting that is concerned with the communication of financial information inside of a business entity. Management accounting is involved with the provision, management, and communication of information within organisations, and is used as a way to provide financial information to managers and other decision makers.
Management accounting is often compared and contrasted with financial accounting, which is the other major stream of accounting that exists in the world. There are management accountants in Berlin and most other large centres, assisting businesses with all manner of financial tasks and record keeping. Management accountings either work in-house with individual businesses or are employed independently to carry out certain tasks.

Management accountants are involved in a range of financial record keeping and communication, with most work being primarily forward looking instead of historical. Other forms of accounting such as financial accounting and taxation based accounting tasks, are often historical in their nature. For example, taxation based accounting is used by both individuals and businesses, as a way to communicate annual income levels with the appropriate government department. Even if you are a single person with a relatively uncomplicated taxation return, it is often a good idea to employ a tax accountant to look over your details and make sure you are doing everything right. In contrast to this, management accounting practices are concerned with the creation of financial models as a way to enhance the efficiency and decision making practices within certain organisations.

There are thousands of management accounts in Berlin and other population centres around the world, due to the scope of work that is carried out within management accountancy. The majority of work that is performed by management accountants is confidential in nature, and is not publicly reported or shared with government organisations. Instead, it is carried out to assist managers and business owners with the day to day running of their organisations, through detailed record keeping, information systems, and analysis. Management accounting is concerned with three major areas, strategic management, performance management, and risk management. All of these areas are integral to the efficient operation of modern businesses, with management accountants playing an important role in how small and large businesses communicate financial information internally.