These are the key issues that will impact the management accounting profession in 2020, according to practitioners:
century’s third decade. What will this historic year hold for the management accounting profession?Technology and economic disruption are poised to reshape accounting and finance as we once knew it, demanding management accountants rethink their very roles and functions. I’ve written about these trends inbefore, but as we prepare for the new year, I thought I’d poll some members of the IMA® Global Board of Directors about what they think the profession must do to thrive in 2020.
The rise of Big Data enables professionals to accumulate information at an unprecedented scale, but knowing how to obtain and use it is a different story. “From my perspective, management accounting is impacted by the massive advance in the area of Data Analytics,” says Fatema El-Wakeel, CMA, finance business partner for data analytics at a U.K.-based luxury car manufacturer.
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