Prompt: Accounting information systems became more and more sophisticated and eventually evolved into enterprise resource planning systems. At the same time this was happening, computers were replacing many of the repetitive tasks formerly accomplished by accountants. The accounting profession changed dramatically from one dominated by transaction recording and external financial statement preparation to one where accountants were full decision-making and decision-support team members. Has the profession kept up with these changes? Are the expectations of students entering the profession different than they were before this change? Response Parameters

Prompt: Accounting information systems became more and more sophisticated and eventually evolved into enterprise resource planning systems. At the same time this was happening, computers were replacing many of the repetitive tasks formerly accomplished by accountants. The accounting profession changed dramatically from one dominated by transaction recording and external financial statement preparation to one where accountants were full decision-making and decision-support team members. Has the profession kept up with these changes? Are the expectations of students entering the profession different than they were before this change? Response Parameters

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter1: Introduction To Managerial Accounting

Section: Chapter Questions

Problem 2MCQ: The use and importance of managerial accounting is growing in each of the following areas except for...

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