Assignment Description Role of Management accounting has been changing since its inception. It has been evolved in its current roles through a long journey proving its worth in the managerial...

Executive Summary:
The analysis in the report has been provided for determining the role of management accountant as the role and scope of management accounting is altering rapidly with the change in environment. The role of the management accountant has changed a lot and became more dynamic and it passes through a long journey in giving the efficient management decisions to the entity. Initially the responsibility of the management accounting is restricted only up to the traditional budgetary role but now the scope of management accountant has increased as it provides important and efficient decision related input which is necessary for the set up of business strategy.
An Introduction:
In the today’s situation where business environment is continuous changing and there is lot of competition in the business and in corporate world globally. Hence tasks and functions of the management accountant are very significant in controlling the costs, production and in decisions related to the pricing in each and every entity. Nowadays it is very much needed for the growth and success of the entity and traditionally it includes cost practice, budgeting and performance analysis. The technique will be helping in controlling the cost in different way after consideration of the accounting technique due to need of success of the entity in changing environment.
Critical analysis of the traditional and contemporary roles of the management accounting:
Accounting is the conception that was 
eathing for ample year and with the time the entities established the accounting which might management and regulate the work performed by the entities. The entities want such step that will efficiently involve in the management the value of production within the entities and this was the time once traditional management control accounting was needed and thus born. But there were shortcomings in the traditional approach and therefore due to the mistreatment in the traditional management technique for decision making purpose there's amendment within the technique of in operation the entity. This was lead to the better growth and prosperity of the entity. On the other hand the standard system was not co
ect and reliable and economical in the determination of the numerous prices and serving the social control deciding. The traditional system can track the business performed by analysis of the business and also the system they used. more the accounting ought to verify the daily performance of the entity however with the assistance of ancient accounting they failing in capturing the daily performance of the entity thanks to the shortage of tool for covering the aspects concerned in producing (Ekbatani, M. & Sangeladji, M, 2011). Traditional cost accounting practices i.e. separation of fixed costs and variable prices were used often however the modern technique such as target cost accounting and activity primarily based costing were used often. The traditional management accounting includes attain sales, strategic planning, product cost accounting and return on investment. 
The new problem started in the management accounting when there is change in the business environment and thus it is required by the each and every entity for the adoption of new tools and techniques and concepts to cope up with the changing requirements. The entity adopted various new techniques and concepts in order to deal with the external situation such as activity based costing, balance score card, total quality management, kaizen costing and various other new techniques. There are...