Management information is a summary of the accounting information used
by managers, as they do not have the time to examine all of the details involved
in the operating information. The summaries and other indicators allow the
manager to carry out his/her function. Managers use the accounting information
to control (communicate, motivate, attention getting, and appraisal),
coordinate (look at all areas of the organization simultaneously), and plan
(budgeting, looking at areas that are over, as well as under, budget).