CMA 2.0: Building Capabilities with Big Data

Authors

  • Shubham Saxena Product Manager, Aimil Pharmaceuticals (India) Ltd, New Delhi
  • Ashish Varma Associate Professor, IMT Ghaziabad

DOI:

https://doi.org/10.33516/maj.v55i8.85-87p

Keywords:

No Keywords.

Abstract

Companies have become more dynamic and agile with the advent of Big Data. It is estimated that the available data to be processed for decision making, doubles in every 18th month. This changing business eco system demands an update in the skill set of Cost and Management Accountant (CMA). The CMAs need to build upon the existing skills and be future ready. The role of CMA can be advanced with IT skills of data management, analysis and deriving insights that lead to better business decisions. To build a competitive edge, the CMAs have to be transformed into CMA 2.0 by getting good hold on the essentials of statistics, learning new analytics courses, increase awareness, knowledge about data process and taking in charge of their own career by building right network and strong communication skills.

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Published

2020-08-31

How to Cite

Saxena, S., & Varma, A. (2020). CMA 2.0: Building Capabilities with Big Data. The Management Accountant Journal, 55(8), 85–87. https://doi.org/10.33516/maj.v55i8.85-87p

Issue

Section

Data Analytics

References

1. Introduction to Management Accounting, Sixteenth Edition. Charles T. Horngren, Gary L. Sundem, David Burgstahler, and Jeff Schatzberg. Pearson Education Inc.

2. Janvrin, Diane J., and Marcia Weidenmier Watson. “Big Data”: A new twist to accounting.” Journal of Accounting Education 38 (2017): 3-8.

3. Bhimani, Alnoor, and Leslie Willcocks. “Digitisation,‘Big Data’and the transformation of accounting information.” Accounting and Business Research 44, no. 4 (2014): 469-490.

4. Appelbaum, Deniz, Alexander Kogan, Miklos Vasarhelyi, and Zhaokai Yan. “Impact of business analytics and enterprise systems on managerial accounting.” International Journal of Accounting Information Systems 25 (2017): 29-44.

5. CGMA Briefing, Big Data, 2014, https://www.cgma.org/Resources/Reports/DownloadableDocuments/CGMA-briefing-big-data.pdf

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