The evolution of management accounting

摘要: This paper surveys the development of cost accounting and managerial control practices assesses their relevance to changing nature industrial competition in 1980s. The starts with a review developments from 1850 through 1915, including demands imposed by origin railroad steel enterprises subsequent activity scientific management movement. DuPont Corporation (1903) reorganization General Motors (1920) provided opportunity for major innovations decentralized operations, ROI criterion evaluation performance formal budgeting incentive plans. More recent have included discounted cash flow analysis application science multiperson decision theory models. procedures developed more than 60 years ago mass production standard products high direct labor content may no longer be appropriate planning decisions contemporary organizations. Also, problems using profits as prime motivating evaluating short-term are becoming apparent. advocates return field-based research discover innovative being introduced organizations successfully adapting new organization technology manufacturing.