Crisis! When will the accountancy profession finally recognize the value of management accountants?

摘要

The accountancy profession is facing a crisis. Evidence suggests that widespread systematic institutional bias permeates the accounting education system and fosters misperceptions that are applied to practice. Higher education has essentially omitted management accounting from the required portion of the accountancy curriculum. Junior-level cost accounting texts provide precious little guidance on how to run a business: Essentially, they replicate traditional cost accounting tools (e.g., cost-volume-profit analysis or variance analysis— not complete management accounting approaches) covered in principles-level courses while often just adding greater detail.