Article: The changing role of the management accountant and its implications for qualification development.

Context

'The field of organisational activity encompassed by 'management accounting' has developed through four recognisable stages:

* Stage 1: Prior to 1950, the focus was on cost determination and financial control, through the use of budgeting and cost accounting technologies;

* Stage 2: By 1965, the focus had shifted to the provision of information for management planning and control, through the use of such technologies as decision analysis and responsibility accounting;

* Stage 3: By 1985, attention was focused on the reduction of waste in resources used in business processes, through the use of process analysis and cost management technologies;

* ...

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