In the traditional business environment，management accounting process and the role of management accounts therein emphasised on cost control and cost reduction. However, in the era of globalization where companies have to compete for survival in the global market environment, management accounting process and the role of management accountants have assumed a new and modern strategic dimension.

Required:

Critically examine the above statement by tracing management accounting process and the role of management accountants from the traditional business environment to the necessity for change to meet the requirement of survival in the modern global business environment.

Coursework Guidance:

In looking at accounting’s role in relation to strategy, the firm and its management accountants should look beyond the firm itself and its cost structures to competitors firms and customer demand, not only in the immediate environment but, in principle, including all potential competitors and potential customers over the long-term decision horizon. The immediate ‘traditional’ battle to fight to control costs internally must, of course, not be lost sigh of, but managements’- and their accountants’-eyes must also be scanning the wider horizons, present and future, and using modern management accounting strategies and the techniques to collect and process information in a number of forms.

References This is a research-based assignment and as far as possible you should refer to appropriate books, professional journals and academic journals. All sources of information should be fully cited in a list of references. 2 Academic journals that you might find useful in identifying articles relevant to your coursework include:

• AAAJ – Accounting, Auditing and Accountability Journal
• ABR- Accounting and Business Research
• AF- Accounting Forum · AOS – Accounting, Organisations and Society
• BAR- British Accounting Review
• CPA – Critical Perspectives on Accounting
• CGIR – Corporate Governance: An International Review
• EAR – European Accounting Review
• JBE – Journal of Business Ethics
• JCF – Journal of Corporate Finance Professional Journals:
• Economia – https://economia.icaew.com/
• Accounting and Business – https://www.accaglobal.com/gb/en/member/ab/ab-archive.html
• Financial Management – https://www.fm-magazine.com/

A list of all references used should be included at the end of your work in alphabetical order. References should follow the Harvard system.

Thus, citations appear in the body of the text as follows:

“The earliest professional accountancy bodies have their roots in late nineteenth century Britain and this model of professionalisation has been replicated, with mutations (Chua and Poullaos, 1998), in many other countries at various times.”

At the end of the text, you will have a bibliography. Journal references should be cited in the references, in alphabetical order of the author surname, as follows: And book references should be cited in the references list as follow:

Gray, R.H., Owen, D. and Maunders, K. (2010). Corporate Social Reporting. London: Prentice Hall.

All references MUST be fully cited, even journal articles accessed online.

Chua, W. and C. Poullaos (1998). The dynamics of ‘closure’ amidst the construction of market, profession, empire and nationhood: An historical analysis of an Australian accounting association, 1886- 1903. Accounting, Organisations and Society, 23(2): 155-187.

Others:

• Your answer must be in essay form, making suitable use of sub-headings.
• You must include a word count at the end.
• The use of font size 12 (either Times Roman or Arial) is recommended.
• Use paragraphs appropriately.
• The coursework must be typed and double-spaced.
• Ensure that you answer the question – all parts of it.
• Insert page numbers.
• You should not put your name on the coursework, or on the front sheet, just your student ID etc. as directed.
• Pay attention to the spelling, grammar and overall presentation.