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 organisationā€™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.