1. Historical Perspective of Management Accounting
As accountants use economic and sociological theories to explain management accounting practice, they may often be using theories suggested and supported by historical data. ... 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. ... (Johnson and Kaplan, 1987) Modern cost management systems have lost their relevance to management in that they do not provide accurate and timely data to the various levels of management to assess return on investment, profitability,...
- Word Count: 3169
- Approx Pages: 13
- Has Bibliography
- Grade Level: Undergraduate