Critical: 'Not Just What The Numbers Are: But Why They Are What They Are' - forbes.com -BoardProspects

Critical: 'Not Just What The Numbers Are: But Why They Are What They Are'

forbes.com Feb 9 2014 BoardBlogs

"Management accounting is a critical aspect of the finance function because it informs the board, investors and management why the numbers are what they are, not just what the numbers are" says Douglas Flint, Group Chairman of HSBC Holdings. He was speaking about the launch of a comprehensive framework to bring consistency to global management accounting practices around the world.
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1. Management accounting is a critical aspect of the finance function because it informs the board, investors and management why the numbers are what they are, not just what the numbers are
2. We are looking to give boards the knowledge and best practice guidance necessary for them to benchmark their management accounting function to ensure it is the very best it can be…for better, more sustainable judgements based on a clear understanding of what the future might hold.
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- Dina Medland, Contributor
- Dina Medland