Abstract
The article describes the outcomes of the project whose purpose is - on the base of Draft for a common statement - to state generally accepted requirements for professional competence of managerial accountants and controllers. The important part of the project is empirical research focused on changing requirements on managers and controllers and mapping actual situation in the Czech Republic in this area. The research compares opinions of two groups of respondents - experts who are responsible for professional competence development of controllers on one hand and managers and controllers operating in business environment on the other hand. Paper provides results relating to following areas: general content of the controllers' activities, controllers' authority and responsibility, requirements for controllers' education, professional skills and practical experience, ethical aspects of management accounting as well as quality assurance of the controllers' work.
Highlights
Features which are characteristic for the changes in business environment and growing managerial needs for a quality company management and global crisis leading to recognition how important for the companiessuccess is the quality of their financial management manifest itself besides others in the growing pressure to competence of professional accountants and – in their frame – controllers and managerial accountants as experts whose principle aim is to enhance primarily long-term financial effects on the basis of “accounting understanding of the world” and through the general coordination and optimisation of company processes
- from the view-point of managers and controllers/managerial accountants operating in business environment as experts who perceive the needs of their way of professional competence development “in the touch with business reality”
Requirements for competence of broader defined profession of so called professional accountants are harmonised relatively unambiguously on the base of the International Federation of Accountants (IFAC) International Education Standards (IFAC, 2003) and in the area of education they are even specified by United Nations Conference of Trade and Development (UNCTAD) Model Accounting Curriculum (UNCTAD, 2011); they are instruments of harmonisation which are oriented primarily to auditors as professional accountants acting in public interest
Summary
General aim of the project is more complicated than it could appear prima facie. Requirements for competence of broader defined profession of so called professional accountants are harmonised relatively unambiguously on the base of the International Federation of Accountants (IFAC) International Education Standards (IFAC, 2003) and in the area of education they are even specified by United Nations Conference of Trade and Development (UNCTAD) Model Accounting Curriculum (UNCTAD, 2011); they are instruments of harmonisation which are oriented primarily to auditors as professional accountants acting in public interest. Historical development difference in the areas of managerial control and applied managerial approaches manifests itself by the fact that these experts are titled differently in various parts of the globe but they are equipped by different level of authority and responsibility and they operate in different levels of a company hierarchy From this view-point there is no surprise that works on the project could not commence by an immediate discussion about quality standards; project team has decided to develop an initial general paper defined project conceptual grounds, its aim, content, structure and consensual terminology. Called “Draft for a common statement” which represented first stage of the project solution has become the subject of discussions by national IGC members This stage of investigation that has created framework for the consequent empirical research based on questionnaire has been the subject of paper which was published in European Financial and Accounting Journal at the end of 2011 (Král – Šoljaková, 2011). This is the reason why it is not the subject of description in this article
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