Assessment 1 Part B: Critique of articles and related questions “The management

Assessment 1 Part B: Critique of articles and related questions
“The management accounting profession has made a quantum leap. Over the past 10 years, management accountants have been transformed from “bean counters” and “corporate cops” on the periphery of business decision making to “business partners” and valued team members at the very center of strategic activity. Gary, S (1999).
The focus is no longer in costing and cost efficiencies. It is more on the value adding and partnering with business units to enhance profitability and growth.
Requirements:
1. Do you agree with the above? Describe and discuss the role of management accounting today, and the changes that have occurred historically.
2. Discuss and evaluate if the changes in the management accounting has changed the skill set required for a ‘modern day management accountant’.
3. Where to from here for the management accountants? Discuss and evaluate.
(You may want to use professional accounting body websites that might provide information on current skillset required) using websites.
• Maximum word limit is 1000 words.