4 December 2010
Professor Bhimani delivered the keynote address on 'Informational, technological and global forces of change: the impact on management accounting' at the CIMA Technical Symposium held in Colombo on 24 November 2010.
Professor Bhimani reports that the transformational impact of the internet has disrupted and created novel challenges for the Finance function. Further, the global business environment has experienced extensive changes and has triggered the emergence of tighter corporate governance regulatory requirements and wider reaching risk management practices. The aftermath of the global recession has also led to increased government regulation and intervention in economic activities. These forces have paved the way for shifts in management accounting and finance management practices. Professor Bhimani's address examined the nature of these changes and how they are impacting the management accounting profession.