http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.20Change: 0.17
R/$ = 11.58Change: 0.07
Au 1198.59 $/ozChange: 4.13
Pt 1200.50 $/ozChange: 3.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Aug 26, 2011

Institute reports increase in management accountant students

Back
Africa|Environment|Resources|Southern Africa|Africa|South Africa|Chartered Institute Of Management Accountants|Samantha Louis
Africa|Environment|Resources||Africa|||
africa-company|environment|resources|southern-africa|africa|south-africa|chartered-institute-of-management-accountants|samantha-louis
© Reuse this



The number of individuals undertaking a management accountant course has increased by 20% year-on-year for the past five years, says Chartered Institute of Management Accountants regional director for Southern Africa Samantha Louis.

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
OWEN SKAE Business and sustainability can work together harmoniously
Sustainability provides unparalleled opportunities for organisations; it helps them to become competitive, resilient, and able to grow and create long term value says Rhodes Business School director Owen Skae. He says the school has been focusing on sustainability...
DR COBUS OOSTHUIZEN Leaders must be honest, have foresight and should lead by example
This year, Belgium-headquartered worldwide partnership of companies and business schools and learning organisations the Globally Responsible Leadership Initiative reaffirmed the need for business schools to do more to influence students to make ethical decisions and...
YOGAVELLI NAMBIAR SMEs need to be supported to be sustainable, to grow and to thrive
Small business development received a boost with the launch of the Gordon Institute of Business Science’s (GIBS’) Enterprise Development Academy (EDA) at the business school’s campus in Illovo, Johannesburg, last month. “Government’s National Development Plan...
More
 
 
Latest News
Updated 37 minutes ago Goldman Sachs Group has sold its controversial metals warehousing business to Swiss private equity group Reuben Brothers, the Wall Street bank said on Monday. The deal for Metro International Trade Services comes months after Goldman formally put the business on the...
Updated 45 minutes ago Greenhouse gas emissions by the world's top 500 companies rose 3.1% from 2010 to 2013, far off the cuts urged by the United Nations to limit global warming, a study showed on Monday. The top 500 firms by capitalisation accounted for 13.8% of world greenhouse gas...
Updated 5 hours ago The cost of copper theft decreased to R13-million in November from R13.2-million in October, according to the SA Chamber of Commerce and Industry's (Sacci) Copper Theft Barometer. "The November figure is 1.51% lower than a month ago and 36.8% higher than a year...
More
 
 
Recent Research Reports
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.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
 
 
 
 
 
This Week's Magazine
South Africa remains an important manufacturing and export platform for Ford Motor Company, says executive chairperson Bill Ford. However, he adds that other countries on the continent are “becoming interesting”, and that the US carmaker is casting its net wider for...
TO BE PHASED INTO SERVICE The first MeerKAT dish, with another 63 to come
Germany’s Max-Planck-Society (MPG) and the Max-Planck-Institute for Radio Astronomy (MPlfR) are investing €11-million (about R150-million) into South Africa’s MeerKAT radio telescope array programme. The money will be used to design, build and install S-band radio...
Infrastructure spend in sub-Saharan Africa will grow from $70-billion in 2013 to $180-billion by 2025, says PwC capital projects and infrastructure Africa leader Jonathan Cawood. This is one of the findings of PwC’s Capital Projects & Infrastructure report on East...
Private-owned defence and aerospace manufacturer Paramount Group and the Ichikowitz Family Foundation unveiled its Anti-Poaching Skills and K9 Training Academy in Magaliesburg last month.
MATT BARKER Wireless networks should enable users to engage and must provide relevant information to them based on their activity and location
The inclusion of Bluetooth to provide sub-three meter accuracy and heightened functionality for users is one of the ways to change existing wireless networks into engagement networks. An engagement network differs from common wireless networks in that it enables the...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks