The Role Of Management Accountants And The Past And Recent Years

1365 Words Nov 25th, 2015 6 Pages
The role of management accountant has been attracting a lot of interest since the principle of scientific management was published by Frederick Winslow Taylor in 1911, which marked the birth of management accounting theory. When researching the roles of management accountant in both past and recent years, it is obvious to find that things have changed a lot. This essay is going to briefly introduce both the past and the recent roles of management accountants first. Then discuss the reasons for management accountants’ changing role. After that the analysis of the advantages this changing role will bring about and the limitations it has will be given. Finally, some suggestions about how to treat this changing role in today’s economic environment will be offered.

In past years, traditional management accountants are “score-keepers”, they provide information to facilitate the process of assessing organization’s actual performance against its planned activity (Burns, Quinn, Warren, & Oliveira, 2010). They mainly make people do what they are expected to do. While now they are acting as internal consultants of the company. They spend less time on routine tasks and more time on giving advice to managers to help them to develop a business-sensitivity in making decisions.

There are many factors facilitating the change in the role of management accountants. From external aspects, firstly, with the rapid development in science and technology, more and more advanced and easy-to-use…
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