In the traditional business environment, management accounting process and the role of management accountants therein emphasised on cost control and cost reduction. However, in the era of globalisation where companies have to compete for survival in the global market environment, management accounting process and the role of management accountants have assumed a new and modern strategic dimension.

Required: ( 750 word ) Critically examine the above statement by tracing management accounting process and the role of management accountants from the traditional business environment to the necessity for change to meet the requirement of survival in the modern global business environment

.All sources of information should be fully cited in a bibliography. Academic accounting journals that you might find useful: AS - Accounting, Organisations and Society AAAJ - Accounting, Auditing and Accountability Journal CPA - Critical Perspectives on Accounting EAR - European Accounting Review Professional Journals: -Economia. -Accounting and Business. -Financial Management