What forces have caused cost and management accounting systems designed decades ago to

become less relevant and less valuable for organizational employees in today's globally

competitive environment?

(15 marks)

Question 2

As a Cost and Management Consultant in the banking industry in Ghana, one of your highly

esteemed clients, a top tier banking institution in Ghana has required of you to advise them as to

whether target costing can be applied to the banking industry in Ghana. They further require you

to advise them on what products or services can target costing be applied.

(15 marks)