More than a year into the COVID-19 pandemic, the world continues the fight to safeguard lives and livelihoods from the coronavirus. To ensure that companies are ready for the post-COVID-19 recovery, planning has becomes essential in sustaining businesses. Management accountants will therefore play a pivotal role in planning, organizing, leading, supervising, controlling and decision-making.

Required: Critically evaluate the theories and concepts of management accounting techniques to support the management accounting process of planning, control and decision making.