Corporate Trends And Accounting Scandals

946 Words Nov 5th, 2014 4 Pages
‘The so called ‘new’ management accountant of recent times is quite possibly just a fantasy of new image seekers’ (Baldvinsdottir et al. 2010).

Baldvinsdottir et al. (2010) argues that the concept of ‘new’ management accountants is just modern day attempt to cast of the old stereotypes of management accountants being ‘dull’ and ‘boring’ and trying to market them as something new and exciting. However, Burns & Baldvinsdottir (2007) suggest that the roles of a management accountant have indeed changed and in turn they have turned more into ‘hybrid accountants’ with their roles becoming more ‘exiting’ and ‘consulting-based’ (Burns, J. & Baldvinsdottir, G. 2007). In this essay I intend to show that although key drivers such as globalisation, advances in technology, corporate trends and accounting scandals have cause a shift in the roles of management accountants, moving away from just ‘score-keepers’, the fundamental job of a management accountant still remains the same.

Traditionally management accountants were regarded as experts in gathering and recording necessary accounting and statistical information in order to report to the appropriate decision makers (Crossman 1958; Singer 1961; Feltham 1968; Bruns and McKinnon 1993;). They were often isolated in an accounting department separate from the rest of the business, appearing only to report the accounting figures monthly (Burns, J. & Baldvinsdottir, G. 2007). Their day-to-day activities involved using various accounting…
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