This project report explores the management accounting system and reporting methods used in Connect Catering Service. It discusses the essential requirements of management accounting, different methods of management accounting reporting, and the integration of management accounting system with reports. It also examines the application of cost methods in preparing income statements and the use of planning tools in budgetary control. The advantages and disadvantages of these planning tools are evaluated. The report concludes with a discussion on the adoption of management accounting systems to solve financial problems and the response of organizations towards financial problems.