In many organisations, the accounting and finance function is being transformed to be more efficient. This is being enabled by developments in information technology, allowing management accountants to extend their role to include finance business partnering.
Finance people can be positioned to work closely with business managers and help them improve decision making and business performance in the long-term interests of stakeholders. To compete for these roles, accountants must complement their core technical skills with additional analytical skills, business understanding and emotional intelligence.
Finance business partnering makes an important contribution to improving decision making and ensuring the sustainable success of business. It also widens the career opportunities for management accountants, providing another route to senior management.
This report, based on 25 interviews and roundtables globally with senior executives, shows the kinds of decisions management accountants support. It also shows how they contribute to these decisions.