These are the 4 emerging trends in managerial accounting:

1. BENCHMARKING
2. TQM (TOTAL QUALITY MANAGEMENT)
3. ABM (ACTIVITY-BASED MANAGEMENT)
4. VALUE ADDED ASSESSMENT

Explain each in your own understanding or knowledge and give their advantage when it comes to business industry.

Please use a good format. For example:

emerging trends in managerial accounting	definition (own understanding/ knowledge)	advantages in the business industry
1.