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.