The Impact of Changes in the Contemporary Business Environment on Management Accounting

Abstract

The increase in competition sharpness and technological progress, and what are produced of the results represented by providing of low-priced products competitive and high quality, as well providing products with innovative prices with the rapid response to changing customer demands. So, this required from economic entities to operate in customer oriented business environment. The systems and standards adopted by traditional management accounting have not succeeded to providing the important information to management for achieving success demands in the contemporary business environment: Cost, Quality, Time and Creativity. Thus, it is necessary to have an integrated information system for management accounting shall help in achieving the aims of economic unity by adopting the management accounting techniques and modern methods in the contemporary business environment.