Magazine article The CPA Journal

Corporate Accountants Play Key Role

Magazine article The CPA Journal

Corporate Accountants Play Key Role

Article excerpt

Corporate accountants in leading companies are less bean counters and more business partners and valued team members, according to "Cpunting More. Counting Less: Transformations in the Management Accounting Profession," a recent study sponsored by the Institute of Management Accountants (IMA). The role of corporate accountants has been changing for some time now, as technology, has allowed them to spend less time preparing standard reports and more time on strategic decision making.

"This report reveals dramatic changes occurring in corporate America," says, study author and DePaul Professor GanSiegel. "The occupation is nothing like what it was ten years, ago. Management accountants spend the bulk of their time working with others, analyzing and interpreting information."

The study found that the value and image of management accountants within the organization has improved. Respondents increasingly refer to themselves as working "in finance"as analysts, business partners, and controllers.

Management accountants spend more time and place more emphasis on communicating with other individuals in the company. …

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