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Statistics Concerning The Shifting Functions of Management Accoutants

Project id 1010255
Subject area Other
Document type Essay
Words 3269
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1. Introduction Management accountants and the method of management accounting have had a core importance in operations and working of the corporates. Over the years they've been fulfilling their conventional job requirements such as bookkeeping, reporting and recording financial data. It is thought that as more than the years business and corporate world has developed and gone through several changes and management accountants becoming a part of this system would likewise face transformation in their roles. It is the versatility that is being required today therefore an expert can't limit or confine itself to its particular occupation. It is a simple fact that management accountants are performing numerous jobs as a result of the increasing competition in the labour market. Therefore the purpose of this document is to emphasize how the corporate world has developed over the years; how it demands changes in the role of management accountant, what are the things that have contributed to those changed functions and the decisions that they have to make. 2. Factors affecting change in part of management accountants The business world changes have the functions of professionals who are involved in it however some are the aspects that have necessitated the changes in the functions of management accountant that they may be discussed as follows: 2.1 Technology The development in engineering is regarded as rapid which results from the rising use of computers in keeping record, information storage and discovering issues. As stated by Kerby & Romine (2013), advanced software and ease in accessibility to the internet have enabled management accountants to conduct more demanding analysis and decision-making. These applications are usually automated therefore it's required information entry and have mad...

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