Managerial Accounting plays a very important role in business in adding value. This role has been changing since its inception. It has been evolved in its current roles through a long journey proving its worth in the managerial decisions. It is no more confined only to its traditional budgetary role. It is now providing much more important decision inputs in setting business strategies, particularly in the consistently changing business environments.
Required:
You are required to explain the following in your report:
1. Given an in-depth analysis on the traditional and contemporary roles of Managerial Accounting.
2. Explain the roles of management accountants in an organization.
3. Examine the use of contemporary management accounting tools to help businesses in taking strategic decisions particularly in the changing environment.
This assignment must be written/structured in the form of a ‘business report’. That is, it must have a/an;

(a) Executive summary (between 100 words).
(b) Introduction.
(c) Body that addresses all the requirements – see above 1-3.
(d) Conclusion that sums up the mains issues of this assignment.
(e) Reference list containing all cited works.
(f) Proper English Grammar, appearance, format, etc.

Answer rating: 100% (QA)

Answer 1 Traditional management bookkeeping frameworks will zero in on cost control and specifically what is perceived as fluctuation investigations and which includes assessing estimate results with ... View the full answer