The controller as business strategist

Article Abstract:

Controllers are transcending their conventional accounting role as mere 'number crunchers.' They are going beyond functional lines to contribute in such areas as minimizing cost, improving efficiency and consequently adding value to the organizations. This trend is quite in evidence in the findings of surveys conducted by the Member Interest Groups of the Institute of Management Accountants. Results indicate that controllers and finance managers are participating in cost management innovations, as exemplified by efforts to reengineer the finance function. They are also improving their performance measurement tools to provide better information needed in decisionmaking. Many are accomplishing these with the help of information technology innovations. The major advocates of strategic cost management efforts are the chief financial officer, controller and chief executive officer.

Cover Story, Practice, Surveys, Strategic planning (Business), Controllers (Persons), Controllers (Accounting)

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Hire the management accounting professor

Article Abstract:

Accounting teachers are now required by the American Assembly of Collegiate Schools of Business (AACSB) to have paid experience. Experience is defined as 60 days of work within the most recent five year period which is relevant to the subject that the professor teaches. A number of advantages will be realized by companies that hire management accounting professors: the professor can provide part-time expertise in handling a special project, a new perspective on routine tasks, and low-cost expertise.

Standards, Laws, regulations and rules, College teachers, College faculty, Study and teaching, Managerial accounting, column, American Assembly of Collegiate Schools of Business

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