Management Accountants – An Approach to Diversity – Transform Information Through ‘Insight’ to ‘Influence’

Authors

  • Peri Appala Narasimha Murty Practicing Cost Accountant Nagpur

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Abstract

Management Accountants with their specialized and advanced knowledge in both Financial and Cost Accounting principles help Top Management in formulating and implementing a Strategy proved to be appropriate for a given problem. For the purpose they collect the relevant data/ information; sources being Financial Accounts (Aggregated in nature) and Cost Accounts (Provide elementwise Costs) along with the Firm’s Cash flows and or Fund flows with due consideration to Segregated Accounts and analyze the information, critically examine with minute details and forms an opinion or Strategy. For this purpose, he may acquire similar Company’s relevant information. The job is more practical than mere theoretical and depends solely on the knowledge, experience and the techniques applied; may vary from time to time and case to case. However, transformation of information ‘through’ ‘insight’ to influence is to be regarded as an approach to Diversity often practiced by Management Accountants.

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Published

2024-08-23

How to Cite

Murty, P. A. N. (2024). Management Accountants – An Approach to Diversity – Transform Information Through ‘Insight’ to ‘Influence’. The Management Accountant Journal, 59(8), 65–68. Retrieved from http://icmai-rnj.in/index.php/maj/article/view/173626

Issue

Section

Cover Story

References

IFRS Staff Paper at the IASB meeting September 2021: Principles of aggregation and disaggregation and their application in the Primary financial statements and the notes.

Diversity Management: A guide to strategies and Best Principles – Bailey Reiners – builtin.com/ diversityinclusion/diversity-management

Ansoff Matrix – Meaning, Strategies, Steps and Examples: efinancemanagement.com/…/ ansoff-matrix

Diversification Strategy – Definition, Types, Examples, What …: www.wallstreetmojo.com/difersificationstrategy

Insight to Influence – Organisational Development Consultants: insighttoinfluence.com

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