Evolution of Management Accounting

In: Business and Management

Submitted By maggieqj
Words 9769
Pages 40
Evolution of Management Accounting:
Contemporary Significance and Retrospection

Abstract: The management accounting aim in future forecasting, planning and making decisions for the firm. It is also good at cost managing (cost accounting), improving production and management controlling, for example, the Balance Scorecard and Management Control System.
What is evolution? The synonym of evolution is development which means the experiences of its past to present, also means history. Thus, it will introduce the management accounting's history of U.S and China so that we could clarify why China lag behind. Moreover, it would move forward to describe the circumstance today to emphasize the new missions of management accounting. Of course, it would make suggestions for China based on the present and past. Finally, expect the future outlook of management accounting
Generally speaking, besides telling readers the main factors of influencing management accounting in China, it aim to encourage and remind readers as well as schoolmates to study the management accounting and notice the significance and potentials of management accounting.

Key words: Management Accounting, Cost Accounting, Evolution of Management Accounting, Balance Scorecard, Management Control System.

Contents

INTRODUCTION 6
1. LITERATURE REVIEW 8
1.1 THE INFLUENCING FACTORS OF MANAGEMENT ACCOUNTING 9
1.1.1 Business size, Organizational Structure and Technology 9
1.1.2 Strategy 10
1.1.3 Competition and Market Demand 10
1.1.4 Change Agents — Individuals, Firms and Institutions 10
1.2 HISTORIC MOMENTS OF MANAGEMENT ACCOUNTING 11
1.2.1 The 19th Century: The Start of Management Accounting 11
1.2.2 The 20th Century: Before The Advent of Contemporary Management Accounting 13
2. OVERVIEW OF MANAGEMENT ACCOUNTING THEORY 16
2.1 THE GENERAL WORKING STRUCTURE OF CONTEMPORARY…...

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