Management accounting has evolved from a traditional function to a modern information system that supports strategic decision-making, value creation, and organizational performance management. The changing role of management accounting is a result of the dynamic business environment, digital transformation, the need for fast and reliable information, and the growing demands of management for analytical support. Key challenges include developing new competencies for accountants, harmonising disparate data sources, ensuring quality and accurate information, and balancing roles, analytics, and control consulting. We recommend applying management accounting as a support to management processes, as it improves competitive advantage and creates value for the organization.
Stefan Milojević (Wed,) studied this question.