Changing responsibilities of the management accountant
Write a short note on the changing responsibilities of the management accountant?
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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.
Cost: The monetary value of resources employed or liabilities or sacrificed incurred to attain an objective, such as to obtain or make a good or to execute an activity or service.
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