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| Evergreen Marine |
Electronic business (e-business) is a business transaction or information exchange that is run by using information and communication technology. E-business is expected to grow rapidly in the coming years. This business provides an opportunity for companies to expand their sales worldwide and can significantly lower costs compared to paper transactions. It also facilitates value chain management (supply). Management accountants need to understand the advantages, risks, and business opportunities electronically. They also play an important role in providing relevant cost information in connection with this business. For example, managers may need to know the comparison between cost per transaction via electronic and paper-based cost per transaction.
Today, businesses are moving faster than ever. Changes in technology, communications, economic conditions, and the legal environment affect companies and management accountants in new ways. The management accountant must support management in all stages of business decision making. As accounting experts, they must be smart, available, keep up with the latest developments, and understand the habits and practices of all the countries in which their companies operate. They are expected to have knowledge of the legal environment of the business, particularly regarding the Sarbanes - Oxley Act of 2002.
