Reference no: EM133011322

Question - You work for a publicly-funded, not-for-profit organisation as a management accountant. The Chief Executive Officer of the organisation is looking for possible cost savings and has identified your post as one that may be cut. 'I don't understand why we need management accountants,' she says. 'After all we don't need to make a profit so how can management accounting techniques add value to our organisation?'

Explain what the role of a management accountant is and justify why your post should not be cut as part of cost savings.