From the course: Accounting for Managers
Join today to access over 22,600 courses taught by industry experts or purchase this course individually.
Responsibility vs. accountability
From the course: Accounting for Managers
Responsibility vs. accountability
- It's amazing how often a blame game erupts when numbers change. Management accountants are considered to be the heroes of management when the numbers suit their needs, but they are also the first to be blamed when numbers change, especially when they change for the worse. Many years ago, I was preparing a business case for a large and complex IT system. Now, this work involved the preparation of a seven-year costing model. The business case was approved, but over time, things changed. Now, to those of you who are familiar with the principles of program and project management, you'll be all too familiar with the need to refresh decision-making documents such as costings and business cases throughout the initiative's lifecycle. About 18 months into the project, the costings needed a refresh. The updated estimate was about 30% above the baseline. Now, this was purely driven by the business wanting 30% more scope done,…
Practice while you learn with exercise files
Download the files the instructor uses to teach the course. Follow along and learn by watching, listening and practicing.
Download courses and learn on the go
Watch courses on your mobile device without an internet connection. Download courses using your iOS or Android LinkedIn Learning app.