Management Accounting is a branch of accounting focused on providing financial information to managers within an organization. This information helps them make informed decisions about budgeting, performance evaluation, and strategic planning. Unlike financial accounting, which is aimed at external stakeholders, management accounting is tailored for internal use, allowing managers to analyze costs and revenues effectively. In Management Accounting, tools like budgeting, forecasting, and variance analysis are commonly used. These tools help managers understand the financial implications of their decisions and improve operational efficiency. By using this information, organizations can better allocate resources, control costs, and ultimately enhance profitability.