As a commercial organization, company aims to maintain its day-to-day operating and earn profits. Taken-for-granted, such …show more content…
Management accounting is a significant component of risk management process that helps decision maker to plan and manage future strategy by providing technologies. As an example, balanced scorecard is a plausible method which inherent financial and non-financial method together that provides understandable objectives to managers. However its restriction is clear that has not clarified the priority of each objective so managers may not make sure which objective should achieve first. It is accountant’s ‘mission’ that assesses risk and mitigates it. Management accountant therefore plays delivering information usefulness and consulting roles for risk managers. Difficulties are observe that accountants needed to be educated properly, match their result fitted with organization’s risk appetite properly, consult to mangers who make mistakes and have different risk attitude and challenge the organization’s