Management Accounting in India
STRATEGIC FINANCE / July 2018
10 Pages Posted: 24 Nov 2018
Date Written: July 1, 2018
India is undergoing a rapid transformation. Recent events, including its currency demonetization, the rapid rollout of digital banking, and the introduction of a new nationwide goods and service tax (GST), are signs of the dramatic economic, social, and political changes taking place. This transformation will provide significant opportunities — and challenges — for Indian businesses. Management accountants can play a unique role in guiding their organizations in this changing business environment. No longer is their role confined to the accumulation and reporting of financial data. IMA® (Institute of Management Accountants) research has shown that finance and accounting professionals around the world are partnering with others inside their organizations to help formulate, evaluate, and implement their organizations’ strategy.
Keywords: India, Management Accounting
JEL Classification: M40, M41
Suggested Citation: Suggested Citation