Management accounting is the sourcing, analysis, communication and use
of decision-relevant financial and non-financial information to generate
and preserve value for organisations. The Principles guide best practice.
All organisations share an ambition to be successful over time. Successful organisations have effective management accounting functions. It is the combination of competent people, clear Principles, well managed performance and robust practices that make a management accounting function effective.
The four Global Management Accounting Principles© should be considered continuously rather than sequentially. Three of
the Principles apply to the discipline of management accounting and the fourth,
‘Stewardship builds trust’, applies to the individual behaviours of management
Download the Global Management Accounting Principles
Download the executive summary
The Principles are a result of research across 20 countries, spanning five continents. This included a 90-day public consultation in which more than 400 people participated.
Public as well as private sector representation has been included so that the Principles have universal applicability.
To find out more about the consultation period and how feedback and suggestions were incorporated into the final Principles:
Discover the four Global Management Accounting Principles.
Use our checklist to apply the Principles in your organisation.