What is MANAGEMENT ACCOUNTS?

Specifically for a firm’s management specific summarized accounting data from the balance sheet, cash flow, and income statement) prepared and presented each month, or fortnight, or week. To make daily, short-term decisions, management accounts yield timely, key financial and statistical information needed by managers .

More On This Topic



Link to This Definition
Did you find this definition of MANAGEMENT ACCOUNTS helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary