[APM 필수지식] Role: Management Accountant

Management Accountant (MA)

Management accountant has become more of an internal consultant advising different managers rather than working as a speicalist within the finance department. This is known as hybrid accountant because support business activities as well as finance control.

 

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Key drivers that chage the role of MA

• Technology and management accounting
• Management structure
• Competition

 

 

 

Technology and management accounting

With the development of IT innovation, management accounting has adopted this development and management accountants have an access to business tools such as information systems and they should be good at utilizing and managing information systems in order to assist managers in getting the right information from ERPs and data warehouse.

 

 

 

Management strucutre

Management strucutres have changed over time. Modern organizations are becoming decentralized as it gives more autonomy and power to managers to make decision for her/his departments. Management accountants assists managers in effective and efficient making decision aligned with organization's ultimate objectives.

 

 

 

Competition

Increased competitive business environments require more flexibility in the roles of management accountants. Management accountants should be alert to fast-changing business environemnt and its competitors in the market to adjust company's strategic positions to adopt to its industry trend and business environment. With the information systems such as ERPs and data warehouse, management accountants would provide business advices which the company should take to sustain in the long-term.