Prepare a research paper focused on the ever changing role of the managerial accountant. Things to...

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Prepare a research paper focused on the ever changing role of the managerial accountant. Things to consider: The influence of technology and the impact of more service based industry. How has the managerial accountant adapted to the new requirements? Does this profession add value to a firm or is this profession part of a dying breed? What are the skills and requirements of someone in this role? What does the future hold? This paper should be a minimum of 1,000 words. Eight to ten sources are required. APA style should be followed.

David · Accepted Answer

The purpose of management accounting in the organization is to support competitive decision 
making by collecting, processing, and communicating information that helps management plan, 
control, and evaluate business processes and company strategy. In the word of Briciu and 
Capusneanu (2011), “Managerial accounting is an integral part of management that deals with 
identifying, presenting and interpreting information used for strategies, decision making, 
resource optimization, employee information, asset protection planning and control of activities, 
information of associates or other external information users”.  Thus the management accounting 
helps to disseminate the information to the managers so he can take the decision in better way to 
maximize the profitability of the business and achieve a sustainable growth rate in long run. He 
takes the responsibility of accounting of all internal management processes and executes its 
responsibility in the good faith. 
Technology has played a great role in business finance and accounting. The whole 
system and process of accounting has got more simplified and reliable under the revolution of 
technology. Advances in information technology have been noted as a key force in changing 
management accounting (Scapens et al, 2003; Dechow et al, 2007). First of all, the whole 
procedures of recording the transactions and classifying the different accounts have become 
simplified. Accountants don‟t need to do such work manually. They just need to enter the figure 
corresponded to a specific business activity and the rest of work of classifying, making 
provisions and the future projection of account balances are automatically summarized. Such 
automation helps to make better management control over the business resources and activities. 
The decision making capability has become enhanced also different books and data are now 
more safe and secure. Apart from the reduced management cost and lower capital expenditure, 
the work of management accountant has become more elastic. He can access the information 
anywhere any time with the help of cloud computing.  
  Service Industries are different from manufacturing industry in many ways 
including the nature of costs, methods and procedure of information and data treatment, nature of 
reports, decision making processes and usefulness of data in internal management control. The 
accounting implications of these circumstances may include reappraisal of:

Prepare a research paper focused on the ever changing role of the managerial accountant. Things to consider: The influence of technology and the impact of more service based industry. How has the...

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