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Description
The role of management accounting has been changed significantly to what it was a decade ago. The management accounting tools and techniques have been proliferated at an unprecedented rate excessively due to organizational changes which has been more pertinent in the last couple of years. The critics rate this change as reinvention of wheel wherein the management accounting has undergone tremendous change with change in organizational framework. As Kaplan (1991) puts it, the role of management accounting has been quite evident as the nature of organization changes and moves towards a trend with little innovation in design and development.
