The assignment discusses the importance of management accounting for Sollatek (UK) Ltd., a small-sized organization dealing with electronic equipment sales. It highlights the use of planning tools such as forecasting, scenario, and contingency planning tools to address financial issues. The report also touches on key performance indicators, benchmarking, and corporate governance as essential financial tools for resolving financial problems. A comparison is made between Sollatek (UK) Ltd. and Hichrom Ltd., a large-sized organization, emphasizing the significance of management accounting in making effective decisions.