Cultural Theory of Risk and the Notion of “Management Accountants as Strategists”

Philip Linsley and Alexander Linsley

Chapter 15 in Management Control and Uncertainty, 2014, pp 224-238 from Palgrave Macmillan

Abstract: Abstract It has become commonplace to claim that accountants must supplement their technical accounting skills with strategic capabilities and be “active participant(s) in the decision-making process” (Latshaw & Choi, 2002, p. 27). Thus, it has been argued that finance departments should become central to the decision-making process. Further, it has been suggested that accountants should provide strategic advice to managers working in other parts of the organization and that a pre-requisite for progression to finance director roles is the capacity to be a proactive strategist (Grundy, 2007).

Keywords: Management Accounting; Cultural Theory; Management Control System; Shareholder Wealth; Balance Scorecard (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-39212-1_15

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DOI: 10.1057/9781137392121_15

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