THE ROLE OF THE MANAGEMENT ACCOUNTANT IN LEADERSHIP DECISION-MAKING PROCESSES

Dragan Milacic, Sonja Zarkovic

Abstract


Successful company management requires constant adaptation to dynamic business conditions. Sound managerial decisions must rely on precise, comprehensive, and timely data, with accounting playing a key role in this process. Modern technologies continuously reshape business landscapes, and management teams must adapt swiftly. One major challenge, especially in management accounting, is redefining reporting strategies in an era of digital transformation. The increasing reliance on data-driven decision-making demands advanced analytics, enabling companies to react more effectively to market shifts. Accounting information systems have evolved, becoming more sophisticated and functional with the introduction of Enterprise Resource Planning (ERP) systems. These systems enhance efficiency across departments by supporting planning, budgeting, forecasting, and financial reporting, ensuring data consistency and operational effectiveness. Effective leadership is also essential in ensuring that management teams and employees successfully navigate these changes. Strong leaders foster a culture of innovation, adaptability, and collaboration, enabling teams to integrate new technologies and methodologies. Successful leadership in a digitalized world requires agility, strategic vision, and clear communication, ensuring teams remain motivated and aligned with organizational objectives.


Keywords


Leadership, accounting, management, teams and teamwork, decision-making.

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References


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DOI: http://dx.doi.org/10.12709/mest.13.13.02.19

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