MODULE 120|THE ACCOUNTANT AS STRATEGIC BUSINESS ADVISERHelping organisations adapt to a carbon-constrained economy and corporate social responsibility (CSR) expectations has expanded the role of the accountant in providing advice and setting up new reporting structures and systems. Professional accountants are perceived as credible and reliable sources of financial information. However, it is critical to properly collect, record and analyse physical data such as energy consumed, raw materials used (and wasted) and emissions. As such, there are opportunities for accountants to be involved in educating others about the many issues that organisations face, as well as in shaping the debate within organisations about how to respond to those issues.
Module 1 aims to broaden your understanding of the many and varied roles that are important for accountants to fulfil. Specifically, it focuses on accountants as strategic business advisers who deal with a growing need for advice beyond traditional accounting areas that address issues such as ethics, human resources and complexities in the business environment. This increase in responsibility, from being providers of information to being partners in decision-making, is challenging. It requires a deeper understanding of the industry in which the accountant operates, and the economy, as well as global social, environmental and political issues. This module introduces the CBI subject in terms of accountants demonstrating business acumen within their roles—understanding contemporary business issues and being able to offer alternative courses of action that reflect an understanding of commercial, ethical, environmental and human resource constraints, in order to successfully address such issues.ObjectivesAfter completing this module, you should be able to:• explain the changing role of the accountant and the type of strategic advice that organisations are increasingly requiring from accountants;• explain the key strategic issues of concern to organisations and propose how the accountant can provide support in these areas;•