One of the things I've been thinking about is how management accounting can be so very tool focused. It seems like our discipline can appear as a set of tools without a cohesive philosophy guiding our activities: cost allocation, activity-based costing, cost-volume-profit, budgeting, standar costing, variance analysis, strategy map and balanced scorecard, ROI, residual income, etc. This seems to me one of the gaps the PACE Framework helps to fill, adding a guiding principle to direct this motley assortment of tools.
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