Prof Dr John Miller
Co-Founder ICMA
Education is the process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits. Educational methods include storytelling, discussion, teaching, training, and directed research. Education frequently takes place under the guidance of educators, but learners may also educate themselves.
Role and Purpose of the Management Accountant
“Business is akin to war in that it’s a competitive environment driven by strategy. You want to prevent, not fight a war. The key to success is top level intelligence. You have to know everything you can about your opponent and your own capability. The role of the management accountant is to gather and interpret this intelligence and to provide the CEO with the analysis and advice needed to determine the strategy.”
Financial vs. Management Accounting
“If you run a restaurant and you want to improve your business and grow it, its no good just knowing how many people were in the restaurant last week. This information is a trailing indicator and the type of data a financial accountant would provide to management. Its important but on its own does not give you the insight needed to build a forward strategy for growth.”