The aim is to explore strategies for the transformation of financial accounting to management accounting in light of big data challenges.
Identified key issues such as inadequate understanding of management accounting among staff.
Proposed solutions including mindset shifts, talent development, enhanced technology use, and better integration of financial and operational departments.
Recommendations include shifting traditional accounting mindsets to embrace management accounting concepts.
Emphasis on talent cultivation to develop professionals skilled in finance and data analysis.
Encouragement of deeper integration between financial and business operations to improve communication.