Management accounting has evolved over time from a focus on costing to a much broader perspective including acost perspective but also incorporating such aspects as value, strategy and non-financial considerations.

Management accounting has evolved over time from a focus on costing to a much broader perspective including a
cost perspective but also incorporating such aspects as value, strategy and non-financial considerations.

University

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Subject

Management accounting

Module Code

Management accounting has evolved over time from a focus on costing to a much broader perspective including a cost perspective but also incorporating such aspects as value, strategy and non-financial considerations.

Question
Management accounting has evolved over time from a focus on costing to a much broader perspective including a
cost perspective but also incorporating such aspects as value, strategy and non-financial considerations.
Required:
Critically discuss the above statement illustrating your answer with examples of new techniques that have evolved.

Marking scheme outline
Introduction 5
Historic development of costing up to 1980 (relevance lost) 15
Evolution of costing (post 1980) 20
Development of value aspects of management accounting and examples 15
Development of strategic aspects of management accounting and examples 20
Development of non-financial aspects of management accounting and examples 10
Conclusion as to importance of different aspects of management accounting 10
Structure/presentation/referencing 5
Total