A management planning department is one of a company’s essential units, and the role of management accountants, insiders who conduct internal analyses to strategise the overall business strategy, is crucial to the department’s success. Management accountants are responsible for preparing internal financial reports, records as well as accounts to aid top-level management in their decision-making process in achieving short- and long-term goals. Additionally, management accountants are tasked to simplify financial data and convert them into actionable insights, while staying attuned to the market and the needs of the business.