An analysis of the major sources of influence on management accounting education in South Africa reveals that management accounting education in South Africa is largely based on neo-classical economic theory. Regarding the sources, Faul et al. (1997), Redelinghuis et al. (1996), as well as the SIACA (1997) and CIS (1999) syllabi implicitly accept neo-classical economics as basis. Drury (1996) does so explicitly but also addresses alternative approaches to the subject. In the CIMA syllabus several of the restrictive assumptions of neo-classical economics are relaxed. Bearing in mind that management accounting is based on the assumption of rationality, ignores the effect of quality and changes brought about by time and inflation, and that it proposes simplistic, determinate solutions in a complex world, it is not surprising that the relevance of the subject has been questioned. It is recommended that authors of management accounting textbooks should clarify the foundation(s) of their texts, and where the texts are based on neo-classical economics, indicate its limiting assumptions. Students should be encouraged to study the alternative perspectives and foundations of management accounting.
Koornhof, Carolina, 1959-(Universidad de Pinar del Río "Hermanos Saíz Montes de Oca", 1995-02)
In terms of AC 208 a financial instrument can
be used either for hedging (non-trading) or for
speculative (trading) purposes. The substance of
a hedging instrument is, however, not evident
from or determined by its ...
Fourie, D.J. (David Johannes); Kakumba, Umar; South African Association of Public Administration and Management (9th : 2008 : Bloemfontein, South Africa); SAAPAM (9th : 2008 : Bloemfontein, South Africa)(South African Association for Public Administration and Management, 2008-10)
Paper presented at the South African Association of Public Administration and Management (SAAPAM) 9th Annual Conference, University of the Free State, Bloemfontein, 30-31 October 2008. The Conference theme was "Consolidating ...
Tsheletsane, I.; Fourie, D.J. (David Johannes)(African Consortium of Public Administration, 2014-12)
Service delivery, poverty reduction and economic development and sustainability depend
on the availability of money and the ability to use it effectively, which requires good financial
management. Financial management ...