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    Is Management Accounting rapidly changing or not?

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    It was stated that management accounting is changing rapidly. Below is an article that states the opposite (Talha et al, 2010).

    How can we reconcile the two statements? What is a managerial accounting model? Read the article and comment on some aspect of the discussion in an attempt to shed some light on this topic. What are your thoughts at this juncture?

    Talha, et al. (2010). A New Look at Management Accounting. The Journal of Applied Business Research. Volume 26, Number 4, July/August 2012. Retrieved from http://journals.cluteonline.com/index.php/JABR/article/viewFile/309/299

    You do not need to discuss every question or comment mentioned above. Choose one or two relevant aspects for further investigation and share your knowledge with the class. Try to add information not previously discussed by others. Please, provide factual information (not merely opinions) backed up by details or examples.

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    Solution Preview

    is possible because the mission of cost accounting has not changed - it is still attempting to organize and communicate business and accounting data to provide the most relevant information for decision-makers (Silviu-Virgil, 2014). Management accounting attempts to serve the entire organization, providing professional expertise in planning, monitoring operations, assessing performance, drawing attention to risk, and evaluating potential future opportunities and threats. These are the classics - that management accounting gets the best relevant information to help the organization optimize its outcomes for all stakeholders by providing objective, competent, ethical, and timely work. What is changing quite rapidly, are the tools available to the management ...

    Solution Summary

    Your discussion is 412 words plus two new references. It explains how management accounting has stable goals and roles and responsibilities but rapidly changing tools and technology have greatly increased the ability and reach of management accounting in helping the firm use information, both financial and nonfinancial.