Management accounting is a field concerned with giving information and analysis to managers within a company to assist them in making sound business choices. Management accounting services often include the creation of financial reports and analyses targeted to the needs of certain managers within the firm. Budgeting and forecasting, cost analysis, performance appraisal, and risk assessment may be included in these reports and analyses. Management accounting’s purpose is to give managers relevant and timely information so that they can make educated decisions that will assist the firm in accomplishing its strategic goals.