They also provide information to be used by management to take action on some aspects on how to run the company. Financial accounting deals with presenting data that will be available to all stakeholders to the firm. The management side of accounting gives more indepth data on specific aspects of the running of the company. This kind of data is aimed at internal use. For example, you may find in such reports data on electricity consumption, resource utilisation and such data is very decisive in improving the daily operations of the company.
