Activity 7: New Developments in Managerial Accounting (15 Points),It is imperative that business leaders are abreast of changes which occur in our fields as well as the more general business environment. Many leaders are frequently researching and documenting these changes. You will in this activity be afforded the opportunity to explore what new areas are developing in the field of managerial accounting.,,Activity Resources,, Review: Hilton, R. W. (2011)., Chapters 8, 9, 10, 11, 12, 14, 15 and 16, McManus, L., & Guilding, C. (2008). ,,Main Task: Analyze New Developments in Managerial Accounting,Using the library, locate five (5) articles from scholarly peer reviewed accounting journals that address recent or upcoming changes in managerial accounting standards and practices. No article can be more than three (3) years old. In selecting articles, try to find sources that are relevant to the areas of accounting you are most interested in. Analyze and critique each of these articles with an eye toward the advantages and disadvantages of the upcoming changes.,,Use these research results to prepare a lecture. Prepare a detailed lecture for a group of managerial accountants who have recently obtained their CPA licenses. This will be in the form of a PowerPoint presentation.,,Incorporate appropriate animations, transitions, and graphics as well as “speaker notes” for each slide. The speaker notes may be comprised of brief paragraphs or bulleted lists.,,Support your presentation with at least five (5) additional scholarly resources. In addition to these specified resources, other appropriate scholarly resources may be included.,,Length: 12-15 slides (with a separate reference slide),Notes Length: 200-350 words for each slide,,Be sure to include citations for quotations and paraphrases with references in APA format and style where appropriate. Save the file as PPT with the correct course code information. Upload the completed assignment in the Activities area of the course.