Question 6

Critically assess whether recent calls for management accountants to become business partners are overall a good or a bad thing. Your answers should address issues around the changing role(s) of the management accountant and refer to the academic literature.

Question 2

Soin and Collier (2013:82) suggest that: By changing organizational practices risk management can facilitate and legitimise certain ways of organizing. It has the potential to change lines of responsibility and accountability in organizations, representing a particular way of governing individuals and activities. The argument is further made that risk management has moved away from being an issue of narrow concern to finance (value at risk, derivatives, etc.) or accountants (financial statement disclosure, etc.) to an issue about management control and therefore a key area in which management accountants need to engage.

Required

Critically analyse this statement with reference to the literature on risk management, management accounting and control. (50 marks)