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Accounting For Decision Making - MBA 51013
Role of Accounting in business and Accounting processes
by
Amila Munasinghe
1/19/2023 1
Learning
outcomes • Understand accounting basics
• Awareness on role of accounting &
accountants in business
1/19/2023 2
Accountant’s
role?
What was the role?
What is the role now?
What is the role going forward?
1/19/2023 3
Learning outcomes: Obtain an awareness on changing
perceptions of organizational accountability
BROADER TRENDS IN
BUSINESS AND
SOCIETY?
REIMAGINE WHAT THE
FUTURE LOOKS LIKE
KEY
OBJECTIVES/PURPOSES
OF BUSINESS
ORGANIZATIONS?
BUSINESS
PROCESS/SYSTEMS IN
ORGANIZATIONS?
ROLE OF ACCOUNTING
AND ACCOUNTING
PROFESSION IN
ORGANIZATION?
MOST PRESSING
ISSUES FACING THE
PROFESSION
HOW ACCOUNTING
PROFESSION WILL
MOVE FORWARD TO
REMAIN RELEVANT?
1/19/2023 4
1/19/2023 5
1/19/2023 6
Accountant?
Was a- Record keeper
Assure of historical data
Now - Business partner
Assurer of knowledge
Corporate story -teller
Front liner for economic recovery
Play a more predictive and proactive role and
evolve to what is required
1/19/2023 7
• Different views of strategy and what the accountant can bring to the
table…and how different strategies impact on the accountant.
• Take the lead to measure, account, report, analyse, assure both
financial and non- financial information
1/19/2023 8
Skill set and competencies
• Integrated mind-set
• Analytical and Critical thinker
• Complex problem solver
• Good communication skill
• Development of technical skills in
understanding non-financial information
1/19/2023 9
1/19/2023 10
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1/19/2023 17
1/19/2023 18
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Role of accountant.pptx