Management accounting is the procedure involving analysis of operational and business costs for preparing the internal financial records, reports, as well as accounts that eventually assists the managers in making decisions for achieving the business goals. It helps the management in analysing the business needs while considering the events taking place around the business (Kaplan and Atkinson 2015) Role of management accountant Management accountant’s role is performing series of tasks for assuring the financial security of the organisation, essentially managing all the financial matters and hence assisting in driving the