assignment. accounting /Managerial Accounting



In his work, Miller (1994) conceptualizes new realms of managerial accounting. He argues that accounting is no longer a reporting engagement that merely documents and reports “the facts” of economic activities, but an attempt made to intervene, act upon individuals, entities, and with processes that are geared towards transforming and achieving specific ends. This is a new approach to accounting practices that has for long been considering only as a reporting practice that looks for affirming the truth.