Professional Documents
Culture Documents
MA Chapter
MA Chapter
I. Introduction
II. What is managerial accounting?
III. Why does managerial accounting matter to your career?
IV. What skills do managers need to succeed?
I. Introduction
“Creating value through values” is the credo of today’s management accountant. Managing risks and
implementing strategy through
a. planning,
b. budgeting and
c. forecasting, and
d. data science including advanced analytics, visualization, and story-telling.
I. Cont’d
⮚ Management accountants are strategic business partners who understand the financial, operational, and
market-facing perspectives of the business.
⮚ They report and analyze financial as well as nonfinancial measures of performance relating to profits (financial
statements), processes (customer focus and satisfaction), people (employee learning and satisfaction), and the
planet (environmental stewardship).
⮚ An organization’s employees bring diverse needs, beliefs, and goals to the workplace.
⮚ Therefore, an important role for organizational leaders is to unite the behaviors of their fellow employees around
two common themes
⮚ pursuing strategic goals and
⮚ making optimal decisions.
⮚ To fulfill this responsibility, leaders need to understand how intrinsic motivation, extrinsic incentives, and
cognitive bias influence human behavior.