Overview:
Management accounting practices have become increasingly progressive since the 1980s. What are the trends? They include channel and customer profitability reporting, integration of enterprise performance management methods(e.g.strategy maps, balanced scorecard), driver-based rolling financial forecasts, applying analytics, and co-existing methods(e.g.lean accounting).Accounting professionals need mastery with these. Ultimately costing principles, such as the causality principle,must be converted into practical practices with supporting tools.
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