Introduction

Management accounting refers to the process of analysing various events that happen in and out of the organisation. It helps the managers to take an overview of business operations. It is used by organisations to properly evaluate their execution activities. It provides various informations to the internal stakeholders of the company, hence it help them to keep a track record of business and its operational activities. In management accounting various reports are generated that renders the accurate information of whole business to the managers and other stakeholders of the enterprise. It ensure the optimum utilisation of available resources for production process (Banerjee, 2012). The company chosen for this report is Network Critical Solutions Ltd, it is an IT hardware manufacturer company and its headquarter is in UK.