THE QUALIFICATION AND KNOWLEDGE FRAMEWORK OF MANAGEMENT ACCOUNTANTS IN THAILAND

Abstract

The main objective of this article is to present an analysis of the qualification and knowledge framework of management accountants including the expectation of the executives towards management accountants in Thailand in various aspects. The article also analyses whether Thailand is now ready for having of certificated license of a management accountant. The analysis includes interviews of Thailand listed companies’ executives and finds that a management accountant should have knowledge framework of accounting, finance, analysis and problem solving. In addition, expectations of the executives to a management accountant are skills, knowledge seeking, and well preparing for changes. The article also finds that having a certificate license of management accountant assures competency of a management accountant and adds value for accounting professions. Firms having certified management accountants would enhance confidence and trust in information and works from them. This value leads shareholders or stakeholders having decision making with confidence from good quality and accuracy of information.