Management accounting is information that is used within institutions or companies and is not made public and cannot be accessed or viewed except by a small number of users, often decision makers.
It differs from financial accounting in many differences, including that it is not mandatory or historical or future. Management accounting is the information system that specializes in collecting, classifying and analyzing main data or information resulting from other sub-systems of information in establishments for the purpose of producing information of a quantitative nature, whether financial or non-financial. It also helps management in planning, control and decision-making.