Innovations Key innovations in management accounting include: Japanese management accounting; business re-engineering; activity-based costing; strategic management accounting; economic value-added approaches; accounting and ‘e’ business, and performance measurement and incentives.   Source: http://www.lse.ac.uk/accounting/news/MARG/home.aspx   Trends The seven major trends in management accounting are: Expansion from product to channel and customer profitability analysis; Management accounting’s expanding role with enterprise performance management (EPM);