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management accountsDefinition Accounting information prepared on a regular basis for presentation to management, in order to facilitate business decisions. Management accounts typically include balance sheets, income st [..]
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management accountsManagement accounts provide a historical perspective of a business. They help plan and control the activities of a business over a specific period, often referred to as a trading period. While there is no legal requirement to prepare management accounts, lenders will usually ask to see them as part of the application process for business finance.
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