Management Accounts
Internally prepared, unaudited financial statements produced monthly or quarterly for management's operational decision-making.
Also known as: Management reporting, Monthly accounts
One-line definition
Management accounts are the company's internal view of financial performance — faster and more granular than statutory accounts but not independently verified.
TS relevance
TS teams rely heavily on management accounts (often the most recent 12–24 months) to assess trading momentum and bridge to the most recent statutory figures. Key checks include consistency between management and statutory accounts and identification of any reclassifications.