Management Accounting in the 21st Century: A Profession for which the Time Has Come

Author: Garry Marchant

The 21st Century has seen the emergence of the information age and the resulting economy driven by knowledge as a source of competitive advantage.

Critically the most significant change occurring in the information age is the dramatically changing nature of competition with the blurring of traditional industry boundaries and the emergence of whole new sectors.  The drivers of this fundamental shift in economic activity are leading to a new wave of innovation in management accounting and a new level of demand for the skills and capabilities of today’s professional management accountant.

Management accountants will increasingly find themselves as core members of the strategic team using their skills and capabilities in information management and analytics to develop and maintain the distinctive capabilities of their organisations.  Survival will be to those with the best analytical capabilities.

 

Download PDF – JAMARv11.2-Management accounting in 21st Century -Editorial