more conscious of the need to have accurate cost for planning, controlling. information continuous improvement, and decision making. Thus, the changes in the service sector to the demand for innovative and relevant cost management information
Add Advances in Information Technology
Three significant advances relate to information technology. One is intimately connected with computer-integrated applications. With automated manufacturing, computers are used to monitor and control operations. Because a computer is being used, a considerable amount of useful information can be collected, and managers can be informed about what is happening within an organization almost as it happens.