Future Direction of U. K. Management Accounting Practice

There has been much discussion whether management accounting practices are evolving to keep pace with the changing needs of companies operating in an increasingly complex business environment. There is evidence of an increase in the use of the so-called advanced management accounting techniques and the changing way in which management accounting practices are being used: from a traditional monitoring and control perspective to a more business and support-orientated perspective. As a result, the role of the management accountant is to link financial considerations with both operating concerns and strategic priorities of the business.