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
B)The managerial accountant has been transformed into a ﬁnancial historian in progressive
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

The changing role of managerial accounting involves forward-looking goals and transformation into business advisors, according to the text. Option A is incorrect as it suggests an increase in number crunching, which does not necessarily reflect a change in role. Option B is incorrect as it refers to a historical role rather than a changing one. Option C is incorrect as it suggests that managerial accountants are isolated, which is not necessarily reflective of their changing role. Option E is incorrect as it suggests that managerial accountants do not take on leadership roles or have the title of analyst, which is not necessarily true in the changing role of managerial accounting.

Which of the Following Is Correct Regarding the Changing Role