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.
Main
