Question The origins of today's management accounting can be traced back to the Industrial Revolution of the nineteenth century. During the late 19803 criticisms of current management accounting practices were widely publicized in the professional and academic accounting literature. In 1987 Johnson and Kaplan's book, entitled Relevance Lost: The Rise and Fall of Management Accounting, was published. An enormous amount of publicity was generated by this book as a result of the authors' criticisms of management accounting. Many other commentators also concluded that management accounting was in crisis and that fundamental changes in practice were required. However, the past ten years have seen a revolution in management accounting theory and practice. The seeds of the revolution can be seen in publications in the early to mid19803 that identied the failings and obsolescence of existing cost and performance measurement systems. Since that time we have seen remarkable innovations in management accounting; even more remarkable has been the speed with which the new concepts have become widely known, accepted and implemented in practice and integrated into a large number of educational programmes. Required: From the above abstract, evaluate the new methodologies in management accounting