Recent Developments in Management Accounting

Abstract

The aim of this study is to investigate recent developments in management accounting, which was accomplished through the use of the library technique. The research revealed that various factors, such as increased competition, technological advancements, and changes in organizational structure, have played a role in influencing developments in management accounting. Looking forward, the field of management accounting is expected to be shaped by trends like big data analytics, integrated reporting, automation, sustainability considerations, scenario planning, real-time reporting, and a focus on ethics and governance. Our findings indicate that management accounting has made significant progress and has become a distinct area of expertise. Its evolution has been marked by continuous innovation and adaptability to meet the ever-changing demands of the business landscape. To thrive in this dynamic environment, we recommend that management accountants be versatile team players, capable of addressing a wide range of options and challenges that organizations encounter.