According to the London School of Economics (Alnoor Bhimani): Over the past decade, management accounting has seen changes not just within existing domains of the field but has also witnessed extensions outside its established realms of activity. Wider systemic transformations including changes in political regimes, novel conceptions of management controls, the impact of globalizing forces on commercial affairs, shifts in notions of effective knowledge management, governance and ethics and technological advances, including the rise of broadband, have all impacted management accounting endeavors. The field is as fast changing as it has ever been. what are the effects
Accounting conventions are the rules and regulations which are required to be followed by the accountants while they maintain the accounts of transactions of companies. The accounting conventions are followed from many years back and they are changed only if the need arises. Due to the changing ways of businesses and more competitive environment, the accounting conventions can be changed slightly for increasing the efficiency of the accounting practices.
I have a 4 year degree in Accounting and understand the importance of Sales, Customer service and profitability, as well as working in a safe environment. I believe in "hands - on" financial management from both a micro and macro economic point of view. I believe my 18 years of accounting experience and over 7 years of retail experience serve me well for being prepared to take on a role that includes financial manager.
If an organism is already well suited to its environment, there is no need for it to change or 'adapt'. This can be seen in sharks and crocidiles, they have changed very little over thousands of years and are the top predators in their environment, as such they have not changed as they have not had to. Eithan Clifford :)
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