Research Proposal on Management Accounting Skills and Abilities

Research Proposal 1
RESEARCH PROPOSAL
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Research Proposal 2
Introduction
Understanding ones job description plays a crucial role whenever an individual is
applying for a particular position. The main aim is to ensure that one is able to comprehend the
tasks and duties which as are expected in order to add value to a company as well as earning
income. Besides, understanding the job description plays into the ability to recognize various
limitations that might hinder one from achieving their potential (Maas, Schaltegger and Crutzen
2016).
Job description and tasks are significant in assisting an employee to understand various
parameters within which they are supposed to function. Also, an employee is able to understand
an organization standards which facilitates effective execution of tasks. More so, there are many
benefits that an employee can get from understanding their job description such as performance
management, training and employee development, compensation plans, recognition and rewards,
code of conduct required, return to work programs as well as essential analysis of the job
function (Chenhall and Moers 2015).
Management Problem
Managerial accountant is a demanding field that requires professionals to have skills and
abilities that aid in carrying out tasks required. These skills are vital for helping managers to
make decisions in order to enable companies become competitive and dominant in the market.
Among the skills managerial accountants must have include variance analysis where the
managers are expected to explain difference between the budget and actual amount incurred.
Besides, the managers are required to determine rates and volumes of both goods and services in
an institution (Jermias 2017). Further, they are expected to understand various measurements that

Research Proposal 3
relates to the performance of a company. Another significant skill that managerial accountants
are required to have is price modelling which focuses on various aspects if price, competition,
consumers and market segments. Moreover, management accountants are required to be experts
in product profitability, analyzing the effectiveness of sales of a products, perform cost analysis
among other skills relating to strategic planning, financial forecasting, annual budget and
resource allocation.
Management Research Problem
Managerial accountant not only focuses on numbers but a set of skills that involve
gathering accounting information that can be used in the decision making process. As a result,
managerial accountants are required to use creativity, leadership skills which are significant in
the identification of areas of strength as well as weaknesses in order to provide informed
solutions (Gilchrist 2018). For this purpose, managerial accountants are required to have
analytical skills which are significant in the development of budget as well as minimizing costs
and maximizing profits. Besides, aptitude of technical process is significant in assisting the
accountants to come up with accurate estimates. Further, management accountants are required
to have knowledge in business fundamentals which can assist an organization to achieve long-
term goals.
Research Objectives
Objective A:
This research is aimed at determining the skills that a managerial accountant should be
equipped with in order to be able to meet the requirements with respect to tasks and duties
required by managerial accountants.