In last a long time, few management accounting inventions has been developed. Professionals have to make decision on a daily basis as well make decisions about the future as well as how to survive and increase in an dynamic market with ever growing uncertain circumstances. Traditional or modern management accounting system give relevant information to all or any degrees of management, financial and other information to make decisions about planning, control of functions and determining opportunities to include value.
The modern management accounting practice are usually different from that of traditional management accounting as they allow professionals to make reasonable decisions to minimize cost as well in once add value to the products and services by increasing the quality of products, which is necessary by the clients, and reduce waste.
The prediction of technology serves as a foreseeing where technology is likely to be in the foreseeable future. Steps must be viewed when a assertion of a project is made. The options and resolution should be gritty at the establishment of the program succession in order to foresee the future and be aware of the technology's to apply. In addition because of the other alternative technology options, forecasting is necessary frequently for companies, if possible the forecast final result may be enumerated previous and changes can occur. These results can be assessed which will approximate the amount of the transformation needed. Another feature of technology forecasting is hesitation about the influences of technology nowadays, for example inflation. Inflation is a decrease in the power of money; it includes influenced technology both in bad and the good ways.