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Essay Available:
Pages:
1 page/≈275 words
Sources:
2 Sources
Level:
APA
Subject:
Accounting, Finance, SPSS
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
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Topic:

Top 7 Trends in Management Accounting (Essay Sample)

Instructions:

Comment and expand on a topic discussed in the videos and provide a real world example from the news or your own
ALL RIGHTS RESERVED CONTENT
7 Trends in Management Accounting – Trend 4. Authored by: IMA. Located at: https://youtu(dot)be/1vZpk1-8cWE. License: All Rights Reserved. License Terms: Standard YouTube License
7 Trends in Management Accounting – Trend 5. Authored by: IMA. Located at: https://youtu(dot)be/7iQLVxRVwH4. License: All Rights Reserved. License Terms: Standard YouTube License

source..
Content:

Top 7 Trends in Management Accounting- Trend 4 and 5
ACC501 MOD 3 Discussion
Name
Institution
Date
Trend 4: Business analytics embedded in EPM methods
The Institute of Management Accountants, IMA highlights that the “business analytics embedded in EPM methods” is one of the trends in management accounting. This trend is associated with the use of statistical techniques such as regression, correlation and segmentation (IMA, 2014 a). The use of analytics in enterprise performance management is easier than before as there are different tools and programs to analyze performance using more data. There is increased interest in using predictive accounting, and business analytics. An example of this trend is when Strategy maps display strategic objectives, and the analytics is used to determine how actions and projects are affected when strategies are implemented (Cokins, 2014). Besides this correlation analysis is increasingly used to aid in decision making and analytics are important to evaluate the effectiveness of the strategic objectives. Analytics also gives companies a competitive advantage unlike before where many relied on low cost

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