What’s the difference between management accounting and what my accountant does at the end of the year?
Your financial accountant is there to keep the Inland Revenue and any external stakeholders happy by recording financial information at the end of the year. A financial accountant focuses on tax. A management accountant, on the other hand, is there to help you throughout the year by regularly providing you with useful information that will enable you to make good decisions and optimise your company’s performance.
