The purpose of this task 1 is to demonstrate the ability to understand the management accounting system as well as to compare how the business can use their accounting accounts to overcome financial problems to report to the General Assembly shareholders in interest in financial governance, expanding business operations and improving efficiency. Management Accounting and Management Accountant Management accounting is understood as the process of preparing to provide financial resources and information, including timely and accurate financial planning and forecasts for managers in decision making. The management accountant will be in the duty of