Innovative Management Accounting: Insights from Practice by Maria Barbera, Jane Baxter, William Birkett PDF

By Maria Barbera, Jane Baxter, William Birkett

ISBN-10: 0868407054

ISBN-13: 9780868407050

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Additional info for Innovative Management Accounting: Insights from Practice (Strategic Resource Management Series)

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The value that they add [management accountants] is to be able to sit there and say that they could look at different alternatives to help increase the value of the business, whereas a sales person ... go out there and want to increase sales, the accountant would try and find different ways to make them profitable sales so that 30 INNOVATIVE MANAGEMENT ACCOUNTING value [is] being added to the company, that's the perspective; but its somebody who can take the alternatives. The calculation of product profitability represents a relatively incontestable means for management accounting practitioners to become involved in the mainstream business in a facilitative capacity.

We need some basic technicians because you do have to have compliance, all we've done is shrinked down the emphasis that's on compliance and don't make the whole emphasis on, we're doing this because you have to comply with the securities and exchange commission rules, yeah, we'll do that but that's not the main part. It shouldn't be 80 per cent that; it should be 20 per cent that. In part, this concern was being alleviated by the integration of financial systems (discussed above): Certainly, the hack work is basically done by systems: you set them up and most of the processing is automatic.

There is a snowball effect now and the world is an ever changing place and competition. You have got the rest of the business looking harder at themselves from an external point of view, from the consumer point of view, looking more at how the customer perceives that organisation. That customer perceives that organisation through its product, delivery, quality and the services in the interaction of areas like Finance. So I think there has been a recognition there that takes something that was hidden deep down in the depths of an organisation does have an impact on the outside business as well, so `get on board, fellas, you have got to keep moving'.

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Innovative Management Accounting: Insights from Practice (Strategic Resource Management Series) by Maria Barbera, Jane Baxter, William Birkett

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