Over the last 30 years, management accountants have made the transition from a “bean counter” to a “strategic partner.” The advent of technology has facilitated automation and recordkeeping. As such, the management accountant has been free to develop customized internal reporting which highlight internal strengths, weaknesses, and opportunities for improvement. The recent financial crisis has heightened the need for management accounting expertise, especially for firms which need to downsize operations.
For this discussion:
- Using the article “Top 7 Trends in Management Accounting,” indicate which trend you believe will be most important to practitioners over the next decade, while our fledgling economic recovery is still tenuous.
- Support your position by referencing the original article.