Role of Management Accountants As Defined By ICMAP
- Breaking down of cost/expenditure into functions and processes to facilitate cost control at each operational level.
- Developing standards for all operating areas and evaluating actuals with the standards.
- Analysing business and operational data.
- Suggesting alternatives to improve productivity.
- Identifying areas of wastages, leakages and inefficiencies or invisible losses.
- Ensuring optimum utilisation of available resources.
- Deploying informatic tools for a management information system.
- Contributing to Total Quality Management (TQM).
- Assisting in decision-making process.
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