Management Accountants are experiencing significant changes in their role and

responsibilities due to the rapidly changing business environment. Therefore, to be

competent, Management Accountants should adapt to the changes, to remain relevant in

the future.

Questions:

1. What are some key challenges faced by management accountants recently?

2. What are the causes of change in the contemporary business environment?

Required:

Critically evaluate the above statement considering the two questions above. You must

support your views/arguments with research findings and evidence from real world

cases.