Management accounting is an essential aspect for an organisation. By the help of this company would able to manage and control their financial transaction in more effective manner. The main aims of Tech UK are to attain maximum gain through using resources in more proper ways. This project report is providing crucial information about various accounting and reporting systems those are used for the purpose of recording transactions into their respective set format. Moreover, it will be discussing various costing methods that are used for calculating net profit for the company. With the use of merits and demerits of various budgets managers of Tech UK would be able to control their costs and future expenses. Apart for this, all those financial issues those are present in an organisation can be analyse by accountant and resolve them by using balance scorecard method in an effective manner (Amoako, 2013).