In today’s business, management accountants play a key role in making strategic and operation decisions. The traditional role of management accountant as a record keeper has been largely replaced to strategic adviser. Invariably, the new management accountants’ role requires a high level of analytical skills for aiding organizations to develop competitive strategies necessary for greater growth and advantageous competitive position in the industry. International Federation of Accountants (IFAC) defines management accounting as “ ….the process of identification, measurement, accumulation, analysis, preparation, interpretation, and communication of information (both financial and operational) used by management to plan, execute, and control within an organization and to assure use of and accountability for its resources (IFAC, 1998).” This traditional definition of management accountant given by IFAC emphasises its role as a provider of useful information to support management. However, the role of management accountant in today’s business world requires more comprehensive evaluation of business operations and its environment considering the fact that business uncertainties are at its pinnacle height and the level of competition is a constant menace and challenge.


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The World Health Organization (WHO) defines “HYGIENE” as “conditions and practices that helps maintain health and prevent the spread of diseases”. As the term suggest, it is cleanliness that is maintained in ourselves and that helps to benefit our own and other’s well-being. Everyone has their own routines and set benchmarks by what has been passed down to them by the elders in the family when it comes to keeping oneself clear of dust and germs, usually a cultural trend at their own homes. Cultivating personal hygienic measures helps reduce the rates of infections, prevents illness and maintains general well-being. .......... By Dr. Lalitha Kanapathi

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The two management gurus that have profoundly influenced my way of thinking are Michael Porter and Robert Kaplan. In my opinion, their management thoughts have made great impact on how businesses are managed nowadays. Both, Michael Porter and Robert Kaplan, are Harvard Business School’s professors. Porter’s main area of research is improving business competitiveness. .... By Kalaithasan Kuppusamy

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For many students, relating accounting principles to practices seems a daunting task. Many take the common approach of memorising the meaning of the principles and also examples relating to them. This approach has many shortcomings. First, it may retard the students’ ability to apply the principles in examples other than what they have learnt. Second, it may curtail the interest of the students to pursue the accounting discipline further as they don’t really understand the link between theory and practice clearly. .... By Kalaithasan Kuppusamy

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Accounting procedures always changes according to the transformations in business environment. In all cases, the changes are always consistent with the existing accounting principles or standards. One such example is the overtrading activity that can happen in exchange transactions of similar non-current assets. Using the overtrading activitiy as an example, this article relates the change in accounting procedures to account for valuation discrepancy intrinsic in this activity to accounting principles. In other words, the article aims to show how theory guides practice. ..... By Kalaithasan Kuppusamy

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Exam questions setting has always been my forte. I spend many hours devising questions that are, objectively, meant to replicate common accounting practices, incite analytical and critical thinking and test topical and other broader concepts. Questions setting has been my passion and my source of happiness. I derive great satisfaction when, based on my own evaluation, I realised that I had written a good question. My website (www.kvk-accounting.com), actually, is the epitome of my pre-occupation with questions setting.......By Kalaithasan Kuppusamy

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We are in the Fourth Industrial Revolution (also known as Industry 4.0) where the primary enablers are connectivity and cyber physical systems. These changes necessitate a workforce of high technologically attuned individuals with inherent self-assessment capabilities and the ability and discipline to work independently and remotely within the dynamic environment. An effective education system must be able to support the continuous transition of one industrial modus operandi to another. .....By Kalaithasan Kuppusamy

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Many would like to script at least a footnote in the pages describing the events of the century. Even greater, leave a legacy that spans through generations of human existence. Seeking a state of perennial intangible existence is always one’s dream. It will remain a dream unless there are earnest pursuits towards that aim. Many doubts whether they have the capability or capacity to even dwell in this kind of thoughts.

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