Subscribe<\/span><\/a><\/p>\n<\/d2l-more-less><\/p>\nEnhancing customer experiences requires optimization of performance into the digital back-office functions that are handled by shared services companies. The use of management accounting internal chargeback to provide services for internal users would help in the creation of a market pricing. The use of information technology by the management and the shared services would help in cost minimization. People tend to consume much of the products offered for free in restaurant or hotels without caring about the cost of the item (Accountants, 2014).<\/p>\n
The last trend entails the need to improve competency and skills to align with behavioral cost management. Many organizations performance has stagnated or declined due to the failure of management accepting the challenge of tackling new ideas aimed at improving the company performance (Accountants, 2014). Therefore, there is a need to change the capabilities and skills of management accountants.<\/p>\n
The seven trends in management accounting provide what organizations need to do to implement the changes necessary which suit their company problems. An organization may not accommodate all the trends but some of them may help in improving its performance. Knowing the type of customers promote growth while expanding the role of the organization into an enterprise performance management greatly enhance integration. Accepting change into the new method of decision support through managerial economics, the use of information technology for shared values and also the use of business analytics would help in improving the skills and competency of the managerial accountants.<\/p>\n
References<\/h1>\n
Accountants, I. o. (2014, April). Managing Information Technology And Shared Services As A Business<\/i>. Retrieved from