PACE 3-color logo.jpeg
  • Home

    • Profitability Analytics Framework
    • Managerial Costing
    • Revenue Management
  • Get Involved

    • Interest Groups
    • Upcoming Events
    • Members
    • About Us
    • Contact Us
  • Case Studies

  • Library

  • Forum

  • PACE Moments Podcasts

  • PACE News

  • Webinars

  • Additional Resources

    • Profitable Expectations Book
  • About

  • More

    Use tab to navigate through the menu items.
    • Twitter
    • LinkedIn
    To see this working, head to your live site.
    • All Posts
    • My Posts
    Admin
    May 08, 2020

    Managers' lack of trust in accounting's costing information

    in Profitability Analytics

    It is often reported that operational managers do not "trust" cost data from accounting, that they prepare and use their own cost data. What are the reasons for this distrust and what can be done to eliminate it?

    1 comment
    0
    1 Comment
    L
    lrwhitecma
    May 12, 2020

    The linked article doesn't exactly address "trust" but the usefulness of information is very closely related to trust. If accountants don't create information, analytics, and insights valued by business - marketing, sales, operations, logistics, etc - they will gradually be relegated to the sidelines.

    This is an interesting opinion piece from someone who specializes in organizational governance: Will Accountants become the Weavers of the 21st Century?

    https://www.accountingtoday.com/opinion/will-accountants-become-the-weavers-of-the-21st-century