Themanagementaccounting profession has made a quantum leap. Over the past 10

The management accounting profession has made a quantum leap. Over the past 10

years, management accountants have been transformed from "bean counters" and "corporate cops" on the periphery of business decision making to "business partners" and valued team members at the very center of strategic activity. Gary, S (1999).

The focus is no longer in costing and cost efficiencies. It is more on the value adding and partnering with business units to enhance profitability and growth.