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QUESTION TWO - ANSWER ALL PARTS PARTA Many articles in management accounting journals, especially during the last decade, have suggested that there is an increased need for management accounting information

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QUESTION TWO - ANSWER ALL PARTS PARTA Many articles in management accounting journals, especially during the last decade, have suggested that there is an increased need for management accounting information. REQUIRED: Discuss four factors that have increased the need for management accounting information in contemporary organisations. (25 Marks) PART B Within large organisations, the accounting function may be divided into two broad classes of activity, which are referred to as 'financial accounting' and 'management accounting respectively. REQUIRED: Explain the role of and main differences between these two accounting functions. (25 Marks) (TOTAL: 50 MARKS) beson Page 3 of 6