Part 3 - Role of management accountant

Question 1

Change in management accountant

Answer 1

Management accounting has changed from a focus on financial control to a focus on business support.

Question 2

The main reasons cited were:

Answer 2

(a) That change is important. Burns and Scapens suggest this means that change is regarded as fashionable.
(b) That information needs now differ as a result of competition, organisation structure and business strategy.

Question 3

Cụ thể các thay đổi như sau:

Answer 3

• Capture and process non-financial measures.
• The forward-looking require information of a forecast nature.
• Reporting on factors that drive long-term performance.
• Better detailed to the specific business’s situation.
• Concise and key information reported.