Academic journal article Journal of Accountancy

New Management Accounting Executive Committee off to Fast Start

Academic journal article Journal of Accountancy

New Management Accounting Executive Committee off to Fast Start

Article excerpt

The first meeting of the new AICPA management accounting executive committee (MAEC) held in May was much more than an organizational meeting. The fledgling committee created three task forces to study areas crucial to management accountants. It also approved a survey of management accountants and practitioners with management accountant clients to identify subjects that need to be addressed by the MAEC and to locate cases in which innovative management accounting techniques were implemented successfully.

MAEC Chairman John K. Shank, Noble Professor of Managerial Accounting and Management Control at Dartmouth College, Hanover, New Hampshire, said in a Journal interview after the meeting, "We've decided to start by forming task forces in three areas where members are crying out for help. We're not competing with anyone, and we want to be supportive of all other efforts out there." Shank added, "Our general goal will be to develop management accounting techniques that can help businesses attain competitive advantages."

Professional productivity

One of the task forces will study financial management professionals' productivity. Shank pointed out that the task force has two major jobs. "The first," he said, "is to identify what financial management professionals are doing but shouldn't do at all. …

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