Management accounting provides information for decision-making and as such it looks mainly into the future and is prepared for internal use, mainly for managers of the entity. Management accounting uses data from financial accounting, but also from other internal and external sources. There is no requirement to keep management accounting records. Management accounts do not necessarily be in the form of statement of financial position, financial performance and cash-flow. It may contain only a set of analyses e.g. of products, segments, geographic locations etc.