In the traditional business environment, management accounting process and the role of management accountants therein emphasised on
Question:
In the traditional business environment, management accounting process and the role of management accountants therein emphasised on cost control and cost reduction. However, in the era of globalisation where companies have to compete for survival in the global market environment, management accounting process and the role of management accountants have assumed a new and modern strategic dimension.
Required: ( 750 word )
Critically examine the above statement by tracing management accounting process and the role of management accountants from the traditional business environment to the necessity for change to meet the requirement of survival in the modern global business environment
.All sources of information should be fully cited in a bibliography.
Academic accounting journals that you might find useful:
• AS - Accounting, Organisations and Society
• AAAJ - Accounting, Auditing and Accountability Journal
• CPA - Critical Perspectives on Accounting
• EAR - European Accounting Review
Professional Journals:
-Economia. -Accounting and Business. -Financial Management
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young