MANAGEMENT ACCOUNTING PHILOSOPHY I: GAPING HOLES IN OUR FOUNDATION

For most of the 20th century the management accounting (MA) profession in the U.S.stagnated. The mid-1980s ushered in a period of explosive growth in tools, theories, and approaches. This development unfortunately also fueled infighting and bickering across selferected fences within the profession. The lack of disciplined fundamentals to guide learning resulted in MA, already besieged by the demands of compliance reporting, drifting further away from its customers—managers. 1