brief historical of management accounting.
Most of the product-costing and management accounting procedures used in the 20th century were developed between 1880 and 1925.Prior to 1914, many of the early developments concerned costing-tracing a firm's profitability to individual products and using this information for strategic decision maing. By 1925, The development of sophosticated tools of analysis mirrors thegrowth in the demands placed on management accountants. Where once paper and pencil sufficed for simple product costing, now complex decisions, in a global marketplace,require the use of high-powered computers and servers.