Question

In cost and management accounting, what forces have caused accounting systems to become less relevant and less valuable for organizational employees in today's globally competitive environment?

a. Increased automation

b. Globalization

c. Technological advancements

d. All of the above

Answer 1

Globalization, increased automation, and technological advancements have caused accounting systems to become less relevant and less valuable for organizational employees in today's globally competitive environment.

Step-by-step explanation:

The forces of globalization, increased automation, and technological advancements have all contributed to the decreased relevance and value of accounting systems for organizational employees in today's globally competitive environment.

Globalization has increased the level of competition faced by firms by introducing competition from other regions and countries. Increased automation has replaced manual accounting tasks with technology, making certain roles less necessary for employees. Technological advancements have also introduced more efficient and accurate accounting software and tools, reducing the need for manual accounting processes.

Overall, these forces have changed the landscape of accounting systems, making them less relevant and valuable in the face of new global challenges and advancements in technology.