1. Introduction Management accountants and management accounting system have been of vital importance in the work and operations of companies. Over the years they have fulfilled their traditional job requirements such as accounting, recording and reporting financial information. It is believed that over the years the business and corporate world has evolved and gone through many changes and management accountants who are part of this system are also expected to face a transformation in their roles. It is versatility that is required today so a professional cannot limit himself or limit himself to his particular work. It is a fact that management accountants are holding more jobs due to increasing competition in the job market. The objective of this report, therefore, is to highlight how the corporate world has evolved over the years; how it requires changes in the role of the management accountant, what are the factors that have contributed to these role changes and the decisions they need to make.2. Factors influencing the change in the role of management accountantsThe world of business thus also changes the roles of the professionals involved in it, however some of the factors which have necessitated the changes in the roles of management accountants are discussed as follows:2.1 TechnologyThe development of technology is considered rapid, resulting in the increasing use of computers to keep records, store information and detect problems. According to Kerby & Romine (2013), advanced software and ease of access to the Internet have enabled management accountants to conduct more challenging analysis and decision making. These software are often automated, so data entry is required, and they have crazy ERP systems… middle of paper. Executive Research Summary Series. 4(5). Retrieved from http://secure.gslb.cimaglobal.com/Documents/Thought_leadership_docs/cid_ressum_management_accountants_and_erp_dec08.pdfICAEW (2013). Finance in the broadest sense: Stanley Harding's visionary 1963 lecture on the role of finance with commentary. Faculty of Finance and Management. Retrieved from https://www.icaew.com/~/media/Files/Technical/Business-and-financial-management/finance-direction/finance-in-the-broadest-sense-harding-shell-web-locked. pdfKerby, D., & Romine, J. (2013, November 7) What lies ahead for managerial accountants? New accountant. Retrieved March 13, 2014, from: http://www.newaccountantusa.com/newsfeat/ip/ip_whatsahead.htmlSpraakman, G. (2010) The impact of information technology on management accounting practices. Retrieved from: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1734052