Authors :
Dr. D. Mukhopadhyay
Volume/Issue :
Volume 8 - 2023, Issue 11 - November
Google Scholar :
https://tinyurl.com/bdf4rev5
Scribd :
https://tinyurl.com/ms4ssmzz
DOI :
https://doi.org/10.5281/zenodo.10393827
Abstract :
This paper examines the dynamic
contribution of cost and management accountancy
beyond financial reporting and delves into the
transformative impact that Cost and Management
Accountants (also known as Certified Management
Accountants) are set to play in propelling emrging
economic order towards socieconokic economic
vibrancy in digital era. While traditionally confined to
financial reporting, CMAs have undergone a
metamorphosis into strategic partners, actively
contributing to diverse facets of organizational
management. Research findings underscore their
expanding responsibilities encompassing strategic
decision-making, cost management, risk mitigation,
performance evaluation, innovation, policy formulation,
and a global perspective. Renowned institutions and
experts validate these multifunctional roles,
underscoring the pivotal role of CMAs in shaping
economic growth. By actively engaging CMAs in
decision-making and policy formulation, the borderless
realms of industry, trade, and commerce can harness
their expertise to enhance efficiency, competitiveness,
and sustainable growth. Their global outlook uniquely
positions them to facilitate international business
activities, strengthening their role in the global
economy.The cost and management Profession ‘ inertia
overrules the inherrent shortcoming of financial
accountancy profession.
Keywords :
Cost and Management Accountancy, Certified Management Accountants, Economic Vibrancy, Strategic Management, Sustainable Development, Global Perspective, Socioeconomic Growth.
This paper examines the dynamic
contribution of cost and management accountancy
beyond financial reporting and delves into the
transformative impact that Cost and Management
Accountants (also known as Certified Management
Accountants) are set to play in propelling emrging
economic order towards socieconokic economic
vibrancy in digital era. While traditionally confined to
financial reporting, CMAs have undergone a
metamorphosis into strategic partners, actively
contributing to diverse facets of organizational
management. Research findings underscore their
expanding responsibilities encompassing strategic
decision-making, cost management, risk mitigation,
performance evaluation, innovation, policy formulation,
and a global perspective. Renowned institutions and
experts validate these multifunctional roles,
underscoring the pivotal role of CMAs in shaping
economic growth. By actively engaging CMAs in
decision-making and policy formulation, the borderless
realms of industry, trade, and commerce can harness
their expertise to enhance efficiency, competitiveness,
and sustainable growth. Their global outlook uniquely
positions them to facilitate international business
activities, strengthening their role in the global
economy.The cost and management Profession ‘ inertia
overrules the inherrent shortcoming of financial
accountancy profession.
Keywords :
Cost and Management Accountancy, Certified Management Accountants, Economic Vibrancy, Strategic Management, Sustainable Development, Global Perspective, Socioeconomic Growth.
