BULLETIN BOARD

Changing Role of Management Accountants 

Management accounting is a provision of information designed to enhance the ability of management and other people within an organisation. Management accountants play significant roles in three main areas: planning, decision-making and controlling. In the late 1990s, management accountants were concerned more about decision-making and planning. But now the balance of three areas has been re-established. The change in the role is tremendously influenced by the emergence of IT sector in today's world that resulted in business growth. Application of IT in management accounting has become mainstream, as organisations can use the scope of management accounting to enhance the organisations' potentials.
Professional bodies of management accounting including Chartered Institute of Management Accountants (CIMA) stressed on IT since IT sector will influence management in better decision-making in the future.
The introduction of International Financial Report Standard (IFRS) and Enterprise Resource Planning (ERP) has an important point of changing the role of management accounting. As the inclusion of new technologies in accounting systems is becoming increasingly popular and helpful for accounting, management accounting uses this to innovate collection, measurement, analysis and communication of information within the organisation.
Through these systems, management accounting can easily provide information to help manage resources, planning and controlling. Joan Luft, Professor of Accounting and Information Systems at Michigan State University, hinted at this in her lectures when she was CIMA's visiting professor in 2006. She contended that tomorrow's management accountants needed to be less of an “enabler” because that role served to “stoke the fires of over-optimism”. Luft argued that the role should instead be that of a corporate brake, which called for accountants to be neutral and pessimistic. Other reasons such as changes in regulation and legislation, corporate restructuring can also be considered as catalyst for the changing roles of management accountant.

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Annual Sports Carnival at CIS

Canadian International School (CIS) -- the only Manitoba Ministry of Education, Canada affiliated school in Bangladesh, held its annual sports carnival at ISD Sports Ground recently. Different sports events were arranged on the occasion as part of the carnival. Students of all age groups participated in the carnival with utmost interest. Parents and guardians of the students were also there to encourage their children. Mohammed Kamaluddin, Chairman of Canadian International School, gave away prizes among the winners of each sports category in presence of the Principal of the School, Frank Marisco.

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Freshers' Reception at Daffodil International College

Orientation programme for the freshers of Daffodil International College took place on November 29, 2013 at the auditorium of Daffodil International University (DIU). Students of the college were given reception in a joyful environment. Mohammad Sabur Khan, President, Dhaka Chamber of Commerce & Industry, and Chairman of Daffodil Group, was present as chief guest. Mohammad Nuruzzaman, Executive Director of Daffodil Education Network, and Sayed Mizanur Rahman Raju, Director, Student Affairs, were present as special guests at the programme. The programme was chaired by Mohammad Zamsadur Rahman, Principal of the college.