Management Accounting:

Accountability & Governance

By: Ramis Ansari, Sarah Alvi, Sherean Hafez, Haya Kaiyum & Yuesheng Wang
 Introduction

• What does a management accountant do?

• What is accountability & governance?
• What issues are present?
 Disclosure & Transparency

• Importance of disclosure in regards to financial

information of a company
• Lack of transparency, misleading information &
accuracy of information
• Stakeholders involved
 Consistency & Ethics

• Issue of inconsistency

• Importance of ethics
 Globalisation & Adaptability

• Critical in providing relevant information & techniques for

decision making and control
• Flexibility has created an issue of inconsistency within &
between organisations.
• Need for strong & coordinated legal and regulatory
review & enforcement system to facilitate consistent
application.
Integration of
Technology
.
• The role of accountants are evolving due
to the nature of technological changes
such as the vast use of cloud technology
• Easier access to information
• Increased communication leads to
greater confidence and transparency.
 Sustainability in Accounting
Monitoring Corporate Activities impacting:
• Economy
• Environment
• Society
• ???
Decision Making -> Must consider financial & non-
financial actions

Innovation is required as firm’s evolve and develop to

combat new challenges
Summary