Please explain above answer how these Factors Influencing The Role Of a Management Accountant.?
Factors Influencing The Role Of Management Accountant.?
Organization size: Huge entities have the resources to engage accountants to do specific
Market competition: There is an urgent need for more management accounting information when the competition becomes more intensified. For example, a Balanced Scorecard helps measure both financial and non-financial dimensions of the operations, and a balanced scorecard is a strategic management accounting tool.
Nature of the entity's business: For example, if the entity is a huge retailer having several outlets across the country, there is certain management accounting information that will be key to the operations. Such as inventory management system, cost-volume-profit analysis of each retail outlet,
Please explain above answer how these Factors Influencing The Role Of a Management Accountant.?
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