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Mgt. Acctg.--Strategic Implications

Mgt. Acctg.--Strategic Implications. M/A’s must use KTT in their business decisions to meet “customer” needs. M/A’s must be cost efficient and cost effective. M/A’s must promote the economics of time and excel at their own time mgt. IMA’s M/A Roles. Business and strategic partner

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Mgt. Acctg.--Strategic Implications

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  1. Mgt. Acctg.--Strategic Implications • M/A’s must use KTT in their business decisions to meet “customer” needs. • M/A’s must be cost efficient and cost effective. • M/A’s must promote the economics of time and excel at their own time mgt.

  2. IMA’s M/A Roles • Business and strategic partner • Provider of strategic business understanding • Participant in problem solving • Team member • Provider of information • Process facilitator

  3. From Scorekeeper to Player • Role change driven by: • Information technology • Global competition • Two models for M/A’s • Corporate cop--evaluator • Business advocate--enabler • Dual accountability & org. structure • Solid vs dotted-line relationship

  4. Accounting Business Skills“The What” • Business Perspective • Organizational Focus • Bias for Action • Communication Excellence • People Proficiency

  5. Financial Management Guidelines“The How” • Cc • KTT • MBWA • R ƒ R3 • responsiveness • reliability • relevance

  6. Mgt. Acctg.--Attribute Implications • M/A’s must possess broad business oriented technical skills. • M/A’s must possess the behavioral attributes of a team member, be tolerant with ambiguity and be comfortable with “soft” future-oriented numbers.

  7. Mgt. Acctg.--Attribute Implications • M/A’s must be culturally ethical and develop the mindset of a participant.

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