Finances Future: Challenge or threat"-Management Accounting

This article is a bout the changing demands of the business world and the impact it will have on management accounting. According to this article the business role that management accountants play will be significantly different in the future. While this change is inevitable it is unclear how many of today's accountants will be able or willing to adjust to the change and conform to what is being called "New Accounting."

Accountants in the future will have to play a much larger role in their organization. Becoming a change agent, someone who can help accelerate change in an organization. This is a problem for most accountants who are used to doing the same job year after year with little to no change. Since the introduction of the computer management has recognized that the PC can perform in much less time many...