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All the information relating to the future and past of an organization operation is equally necessary for decision-making. The functions of management and financial accounting sometimes overlap but are destined for completely separate functions that are necessary functions for the stakeholders use. The necessity of this information makes it imperative to avail such information in order for the short-term success of the firm to culminate into long-term profit and wealth maximization in addition to any other objectives. Without the ample knowledge of the past provided by the financial accounts and that of the future as articulated by the management accounts, it become impossible to steer the organization towards the desired direction. This is because financial statements help to curb the external influences while management accounts aid to better control the internal functions.

essay 1590s, "short non-fiction literary composition" (first attested in writings of Francis Bacon, probably in imitation of Montaigne), from . essai "trial, attempt, essay," from . exagium "a weighing, weight," from L. exigere "test," from ex- "out" + agere apparently meaning here "to weigh." The suggestion is of unpolished writing. The more literal verb meaning "to put to proof, test the mettle of" is from late 15c.; this sense has mostly gone with the divergent spelling assay (.). Related: Essayed; essaying. Essayist is from .

Write my essay bid

write my essay bid

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