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Accountancy is the process of recording, managing, and communicating financial information, which normally takes place through financial statements delivered to individuals and businesses. There are a number of different types of accountancy that are practised around the world, most of which can either be categorised as management accountancy or financial accountancy. There are thousands of accountants in Berlin (Steuerberater Berlin) and throughout the world who specialise in each of these categories, working with individuals, households, businesses, and government departments. The practice of accounting is thousands of years old, with the earliest records dating back over 7,000 years. During this time, various accounting practices have been developed around the world, with many still in use in the 21st century. Financial accounting is any accounting that provides financial information to people outside of a business entity, while management accounting refers to the provision of financial information within a business.

Management accounting practices are vital to the way all businesses function in the modern world. Financial information needs to be constantly shared with all share holders in a business arrangement, including employees, managers, owners, owner managers, and auditors. The process of management accounting allows people to create financial records from ongoing business data, and share these records with relevant third parties such as taxation departments. In many cases, the act of management accounting provides people with the financial information needed to make important management and operating decisions. The ongoing flow of money in and out of a business needs to always be recorded and kept in check, and management accountants are the people who perform these tasks.

There are a number of accountants in Berlin who specialise in management accounting, providing a range of services directly to small, medium, and large businesses. Businesses can be roughly divided into two categories in relation to their accounting practices, those who have an in-house accountant, and those who employ a third party accounting firm to do their accounts for them. In most cases, small and medium business operations will use the services provided by independent and certified accounting firms, while large businesses will use their own accountants. When looking for either financial or management accountants in Berlin, it is important to know the difference between these two categories and make your choice accordingly.