--%>

Changing responsibilities of the management accountant

Write a short note on the changing responsibilities of the management accountant?

E

Expert

Verified

The changing responsibilities of the management accountant are as follows:

a) Less time is used up for preparing the reports.

b) Management accountant is now a main member of the management team.

c) This new measurement to the management accountant’s position must benefit the design of more applicable management accounting information systems.

   Related Questions in Managerial Accounting

  • Q : Define Avoidable Cost Avoidable Cost :

    Avoidable Cost: The cost related with an activity which would not be acquired if the activity were not executed.

  • Q : Regions of decision making process What

    What are the possible broad regions of decision making process where management accounting information is required?

  • Q : Break even analysis based homework I

    I need homework help in accounting, 10 questions there about break even analysis. let us know if you can so it

  • Q : Define Cost Accounting Cost Accounting

    Cost Accounting: The Cost accounting is an approach to evaluate the overall costs which are related with conducting business. It is generally based on standard accounting practices, cost accounting is one of the tools which managers u

  • Q : Number of Partners in Partnership What

    What is the maximum and minimum number of partners in each and every type of partnership? Answer: There must be at least two persons to build a Partnership. The maxi

  • Q : Explain Value-Added Activity

    Value-Added Activity: An activity which is judged to contribute to customer value or gratify an organizational requirement. The characteristic "value-added" reflects a belief that the activity can’t be removed without decreasing

  • Q : Gantt bonus plan under gantt's bonus

    under gantt's bonus plan, no bonus is payable to the worker if is effeciency is less than how much?

  • Q : Management accounting and financial

    What does the difference between management accounting and financial accounting suggest?

  • Q : What do you mean by the term Mission

    What do you mean by the term Mission statements? Briefly describe it.

  • Q : Appropriations The term used in

    The term used in governmental accounting to identify amounts that the governmental unit is authorized to spend for debt repayment, operating activities, and asset acquisition. The appropriations account is a budgetary account that acts as a control account for all budgeted expenditures. More usua