Management Accounting in India


10 Pages Posted: 24 Nov 2018

See all articles by Raef A. Lawson

Raef A. Lawson

Institute of Management Accountants

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

Lawson, Raef A., Management Accounting in India (July 1, 2018). STRATEGIC FINANCE / July 2018 . Available at SSRN: or

Raef A. Lawson (Contact Author)

Institute of Management Accountants ( email )

10 Paragon Drive
Montvale, NJ 07645-1760
United States
2014741532 (Phone)
2014741603 (Fax)

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