Which of the following is correct regarding the changing role of managerial accounting?
A) The managerial accountant is crunching more numbers than ever before in leading-edge companies.
B) The managerial accountant has been transformed into a financial historian in progressive companies.
C) Managerial accountants are typically isolated in separate departments.
D) Forward-looking goals have transformed managerial accountants into business advisors
E) Managerial accountants rarely have the title of analyst or take on leadership roles.

Question

Quizplus · Accepted Answer

Managerial accounting has evolved to focus more on forward-looking goals, transforming accountants into business advisors who help guide strategic decision-making rather than just crunching numbers or acting as financial historians. This reflects a broader trend in business towards data-driven decision making and strategic planning.

Which of the Following Is Correct Regarding the Changing Role