What can management accounting practitioners and academics do to improve risk measurement and forewarn of impending financial crises?

Willett, Roger; Kumarasinghe, Sriya

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What can management accounting practitioners and academics do to improve risk measurement and forewarn of impending financial crises?

Kumarasinghe, Sriya; Willett, Roger

Cite this item: Kumarasinghe, S., & Willett, R. (2009). What can management accounting practitioners and academics do to improve risk measurement and forewarn of impending financial crises? (Accountancy Working Paper Series). Sriya Kumarasinghe & Roger Willett. Retrieved from http://hdl.handle.net/10523/1550

Permanent link to OUR Archive version: http://hdl.handle.net/10523/1550

Date: 2009

Publisher: Sriya Kumarasinghe & Roger Willett

Pages: 7

Series: Accountancy Working Paper Series

Keywords: financial crisis; management accounting; Japanese management accounting; risk measurement

Research Type: Working Paper

Abstract:

We discuss some perceived shortcomings of management accounting in the light of the financial crisis of 2008. We describe current trends in management accounting thinking and Japanese perspectives on the discipline. Our main focus is on the lack of reliable measurement of financial risk and its consequences. The importance of collaborative multi-disciplinary research through partnerships between academics and practitioners is emphasised.

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