1. Historical Perspective of Management Accounting
The book, "Relevance Lost: The Rise and Fall of Management Accounting" introduces the history of management accounting. The book is very well documented in that Johnson and Kaplan were able to deduce different conclusions made by others. They start from the very beginning exploring as far back as the 18th century by discussing how textile mills started recording in their books accounting information. ... Management accounting evolved to support these external-reporting requirements. ... Du Pont first started out as a manufacturer of gunpowder but went on to become bigger. ...
- Word Count: 3169
- Approx Pages: 13
- Has Bibliography
- Grade Level: Undergraduate