Management accountants need a wide variety of skills for their roles in organizations. These skills can be classified as either technical or nontechnical.
Requirement
For each of the following skills, indicate whether it is a technical competency or a nontechnical competency for a management accountant.
a. Leadership
b. Communication
c. Collaboration
d. Internal controls
e. Change management
f. Cost management
g. Investment decision making
h. Technology
i. Customer service
j. Financial statement analysis
k. Business acumen
l. Performance management
m. Adaptability
n. Enterprise risk management
o. Planning, budgeting, and forecasting
p. Decision analysis
q. Internal financial reporting
r. Ethics
s. Process improvement
t. Strategic thinking