TRANSFORMATION OF THE ACCOUNTANT’S ROLE MANAGEMENT IN THE ERA OF GLOBALIZATION: INTERNATIONAL EXPERIENCE
Journal Title: The Institute of Accounting, Control, and Analysis in the Globalization Circumstances - Year 2016, Vol 2, Issue 2
Abstract
Introduction. The process of globalization has a significant impact on the global economy’s development and building of the international accounting system. It promotes to the growth of the management accountant’s role in the business activities across the national and international frontiers. Methods. The study uses general scientific, specific scientific methods of knowledge, methodological principles and approaches. Results. The era of globalization characterize the markets’ internationalization, advances in information and production technologies, increased competition, downsizing, outsourcing, flexible organizational structures and teamwork. This causes to the transformation of the management accounting and the profession ‘management accountant’. Management accounting is an integral part of the management process and management accountants - important strategic partners with the relevant skills. Management accountants are working closely with managers and focused on preparing information to help them in making better decisions. Discussion. Management accountants help the management of foreign companies implement effective management as a result of decentralization and delegation of authority. National companies should pay attention and implement a system of management accounting in accordance with modern requirements and as result to ensure their competitiveness.
Authors and Affiliations
Nataliia Kravchuk, Sergij Spivak
Keywords
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