Concerns the production of financial information to help run the business / assist management make decisions about present and future performance, and control the day to day operations. Management accounts may concern the calculation / production of the following: Cash flow forecasts – detailing expected receipts and payments and the estimated bank balance for a specific period; Budgets and variance analysis – setting clear, definable, financial targets and comparing actual performance to budgeted; Information relating to cost and profit centres – particular departments within an organisation that generate costs and / or profits; Investment appraisal – evaluation of investments / alternative uses of funds (through payback, ARR, NPV and IRR); Break-even analysis – identifying the level of sales required to break-even and the points at which profit will be made; Contribution – the difference between sales revenue and variable costs, which goes towards fixed costs and profit.