Aug 26, 2011
Institute reports increase in management accountant studentsBack
© Reuse this
Management accountants focus on company performance and consider possible future business scenarios and the growth of a company. They investigate potential company growth, where the growth opportunities lie and how financial resources can be allocated to extract the most value.
“This is seen as a desirable career as it pays well and there is more of an interest in the business aspect as opposed to the audit side. A lot of entrepreneurs also do the course to increase their knowledge of finances,” says Louis.
She adds there has also been growth in demand from businesses for individuals who are able to understand strategy and numbers. “The role that management accountants play in an organisation has grown in importance, owing to the financial crisis, which forced companies to come to terms with the financial costs of their companies,” she explains.
She states the cost of a com- pany needs to be well understood, as it is not simply a matter of cutting costs but also looking at the impact on the company, of cutting certain costs in that spe- cific year, and also in future years.
Traditionally, people have been more qualified in the compliance and audit fields but now companies are grappling with serious issues, such as sustainability and the impact of their organisations on the environment.
Management needs to consider the costs of changing company processes to reduce their impact on the environment and it needs to calculate the length of time it will take to make up for the cost of that change, which is where management accountants play a significant role.
Meanwhile, Louis notes that, coming out of the financial crisis, other challenges are taking priority, such as South Africa’s growth, job creation and, allied to that, the skills that are required.
Edited by: Chanel de Bruyn© Reuse this Comment Guidelines (150 word limit)
Other South African Business Schools News
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
This Week's Magazine
Today’s organisations execute projects within increasingly complex environments – particularly in the engineering sector. The ability to successfully execute these projects is what drives the realisation of successful projects and, ultimately, the achievement of...
South Africa’s distribution grid is a twentieth-century relic, which must be changed to serve the country’s modern electricity needs, says South African National Energy Development Institute (Sanedi) Smart Grid Programme manager Dr Minnesh Bipath. “What we are...
There is a disparity in government funding provided to integrated transport networks – bus rapid transit (BRT) networks ¬¬– and that given to conventional bus services, says Putco executive director Thys Heyns. “We have neglected and strangled conventional bus...
The Johannesburg Social Housing Company (Joshco) is building 502 rental housing units, valued at R200-million, in Dobsonville, Soweto, which are scheduled for completion in June 2016.
Automotive component manufacturer and distributor Metair is centralising its research and development (R&D) work in Turkey, in an attempt to bolster the company’s ability to produce affordable start/stop batteries. The new R&D centre is part of an expansion plan in...
Next ArticleInstitution says need for higher education growing