The Role of Management Accountants: Redefined
“Technology is redefining the role of the management accountant while changing the business landscape and the management accounting profession at an unprecedented speed.”
A key factor driving this change is the relentless evolution of technology. While technology has always been an important part of the management accountant’s skill set, that importance is increasing dramatically. Technological advances are reducing, and in some cases eliminating, many of the routine tasks performed by management accountants, freeing them to add more value as business partners with the rest of the organization. Strategic management, which includes strategy formulation, validation, and implementation, is becoming an essential competency for management accountants to possess.
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