The changing role of management accountants

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Reference no: EM13490170

Question # 1

"Traditionally the role of management accountants has predominantly been viewed as 'bean counters' by providing numerical information to decision-makers. However, over the past two decades, commentators and practitioners alike have reported that management accountants are now becoming active players in the business decision-making process."

Do you agree with the statement? Discuss the changing role of management accountants with reference to how it impacts on the current business environment.

Hint: Students are required to answer this question by referring to journal articles and/or books.

Question # 2

Why is cost classification necessary? Explain your answer with reference to business decision making purposes and provide relevant examples.

Reference no: EM13490170

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