There are a number of well documented factors which drive business success, effective planning, control and decision making underpins this success. Management information is an increasingly valuable commodity and a good management information and reporting system can be compared to the control panel on an aircraft.
The pilot (manager) relies upon his instruments (management accounts) to measure and control the performance of the aircraft (business), shows him how the aircraft is doing, what outside conditions are like, the path he should take and so on. The instrument panel is not flying the aircraft; it is helping the pilot to do his job properly.
The management accounts are part of the essential infrastructure of a ‘solid’ firm and can help in a smoother flight path and less turbulence.