Management Accounting and the Control of Organizational Performance

Abstract

The increased emphasis upon the value chain and a growing focus on value adding activities has led to several
new developments in management accounting. Critically evaluate these contemporary techniques and discuss the
extent to which they offer improvements compared to traditional accounting techniques. Furthermore,
management accounting will improve accounting techniques when value chain and add value-adding activities
develop in the enterprise that searches for new accounting skills in the operation of the company. Generally,
parts of traditional accounting techniques are not suitable for use in the current field of accounting, because these
traditional accounting techniques could not provide the accurate index of cost, profit, depreciation and other
factors considered by managers for operation. So, this essay would discuss several new accounting techniques in
order to promote the performance of management and make manager will recognize what accounting techniques
they should utilize for gaining better efficient management in the future.