Last month in Part 1 of this article, I enjoyed listing some of the
management fads that didn’t last, took you on a journey through the
six eras of management accounting, and introduced three of the
seven major trends in management accounting. Before we plunge
into the last four, let’s take a quick look again at all seven:
1. Expansion from product to channel and customer profitability
analysis,
2. Management accounting’s expanding role with enterprise performance
management (EPM),
3. The shift to predictive accounting,
4. Business analytics embedded in EPM methods,
5. Coexisting and improved management accounting methods,
6. Managing information technology and shared services as a
business, and
7. The need for better skills and competency with behavioral cost
management.