The old and the new in management accounting.

Management Accounting (UK), June, 1995 by Clarke, Peter J.

Management accountants need to ascertain the areas of performance measurement they should be focusing on. Management accounting practice is often criticised in professional publications for failing to advance the organisation towards world-class manufacturing performance and for having a too narrow internal orientation to effectively impact strategic decision making. The criticisms of management accounting practice are examined.

Many criticisms have recently been made in professional journals about the current state of management accounting practice. The purpose of this article is to outline briefly these criticisms and to suggest how they can be viewed in the context of world class manufacturing (WCM) performance. The resulting accounting developments are discussed which...

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