Accounting Management is the practical application

Apply

In mathematics and computer science, Apply is a function that applies functions to arguments. It is central to programming languages derived from lambda calculus, such as LISP and Scheme, and also in functional languages...

 of management techniques to control and report on the financial health of the organization. This involves the analysis, planning, implementation, and control of programs designed to provide financial data reporting for managerial decision making. This includes the maintenance of bank accounts, developing financial statements

Financial statements

A financial statement is a formal record of the financial activities of a business, person, or other entity. In British English—including United Kingdom company law—a financial statement is often referred to as an account, although the term financial statement is also used, particularly by...

, cash flow and financial performance analysis.