1. Historical Perspective of Management Accounting
This paper will give the historical view of management accounting. Traditionally, management accountants' principal cost control technique was variance analysis, which is a systematic approach to the comparison of the actual and budgeted costs of the raw materials and labor used during a production period. ... Historical studies have played an obvious role in management accounting in recent years to include a role in economics and sociology, which provide a basis for management accounting research. As accountants use economic and sociological theories to explain management accounting pra...
- Word Count: 3169
- Approx Pages: 13
- Has Bibliography
- Grade Level: Undergraduate