Management Accounting
QUESTION ONE The big challenge facing Siemens is how to adapt to their new proposed strategy and practices to respond to various challenges while ensuring financial success as well as increasing the value of their shareholders. The roles played by a management accountant are critical as they can assist in developing Siemens. Their role development aids in bringing change. The traditional role of an accountant is to organize, summarize, and present financial information to the management for decision making. However, being a management account, the interpreted information is supposed to be used in the development of strategies and plans ...
