Concerns by SMEs over issues like security, access to data, quality of information, mobility, control and other risks are barriers to wider adoption among small companies… and among management accountants
BUT the SPECIFIC data elements reported and consumed by the capital markets is not ASSURED by the auditor or the management accountant reporting this information to the CFO – the FULL paper report is ASSURED but not the specific DATA ELEMENT reported in the financial statement
Management accountants can play a role in activating this new technology
Great article in CFO Magazine by Russ Banham on the quickly expanding role CFOs and their finance teams are now assuming beyond the management of financial information critical to the operation of the enterprise they pilot
The Increasing role of the Management Accountant This is where the management accountant can come into the picture. Management accountants can help the organization from an accounting and performance perspective help investors to better understand the connection to the company’s business case
Senior-level management should not only be involved in approving D&I hiring and procurement decisions but should be engaged in policy decisions affecting D&I
Management of human capital clearly results in better business.
Some of our committee members will be speaking, including Brad Monterio, Liv Watson, Eric Matyac, Kris Brands and David Colgren, plus a few of us will regale attendees of the Management Accounting Roundtables (formerly "Brown Bag Lunch" sessions)
Stay tuned for new development and learn more at the upcoming Data Amplified Conference in Paris on November 6-8, 2017 to hear more developments related to XBRL, BlockChain and Shared Ledger and its relationship to the management accountant
Is there a gap in technologies companies can use in the GRC marketplace and how can management accountants stay ahead of this growing corporate governance trend?
Firms of all sizes still rely heavily on Excel spreadsheets and other user-developed technology to produce financial reports and cannot show that they have strong management and control over these key pieces in the supply chain of financial reporting
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