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1 The traditional management accounting methods are not capable any more to provide the requirements emerged from the subsequent changes in the modern industry environment,
1 The traditional management accounting methods are not capable any more to provide the requirements emerged from the subsequent changes in the modern industry environment, or to meet its needs of accounting information. So, it becomes necessary that management accounting copes with changes in the modern industry environment through developing the traditional methods or inventing new techniques that is in line with the changes in the environment of modern industry, and meets its requirements especially with regard to accounting information. (Ahmad Saleem Tarawneh and Ziad Odeh Al-Aamaidh, 2015) Describe four (4) criticisms of traditional management accounting that led to the evolution of management accounting practises and briefly explain the main reason for the changes in management accounting over the last decades. (Total: 10 marks)
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