Global management accounting principles updated

AICPA & CIMA have released a new edition of their Global Management Accounting Principles (GMAP), to reflect the new era of digital acceleration and ESG.

The GMAP are a route map of good practice, which every management accountant can use as a guide when approaching business challenges. The GMAP help management accountants work with business decision makers to create and preserve value creation within their organisation’s business model.

The new principles address areas such as artificial intelligence and environmental impact, as well as traditional finance disciplines. There is even an updated version of the Strategic Scorecard.