Understanding company strategies is fundamental to how management accountants work. The information and analysis management accountants provide ensure companies make informed decisions.
You need to base critical business decision-making on sound financial data, and management accounting is the information system that will provide it.
How does management accounting provide value to businesses? By offering clarity, insight and expert knowledge and guidance.
If you think you know what an accountant does, you might want to think again when it comes to a management accountant. What makes a good management accountant? It’s about listening carefully and analysing, as well as advising and acting on the behalf of business clients.