This presentation discusses the focus of financial accounting and how managerial accounting develops reports for confidential use by managers. It explores different methods of reporting, such as budgeting reports, accounts receivable aging reports, job cost reports, manufacturing and inventory reports, performance reports, and other information reports. The presentation also highlights the benefits of management accounting systems, including job costing system, price optimizing system, cost accounting system, and inventory management system. Additionally, it discusses the application and integration of management accounting systems in a case study of Dairy Crest.