What is the function of management accounting?

Management accounting is a profession that deeply participates in management decision-making, formulates plans and performance management systems, provides professional knowledge in financial reporting and control, and helps managers to formulate and implement organizational strategies.

Function is an intrinsic, inherent and objective function or attribute of things, which is not transferred by human subjective will. The functions of management accounting are prediction, decision-making, organization, planning, control and evaluation.