Management Accountant’s Participation in Strategic Management Processes: a Cross-industry Comparison

Abstract

The role of management accountants in strategic management processes has traditionally been limited to information provision for decision makers. In the last two decades however their role in a company has changed dramatically. Contrary to their conventional counterparts, modern accountants are not just information providers, rather they are an integral part of decision-making processes. The study herein explores the state of contemporary Slovenian management accounting practice concerning accountant’s participation in strategic management processes.The survey results based on a sample of 193 large Slovenian companies reveal that Slovenian accountants in general are relatively amply involved in the process of strategic management, however the level of participation varies intensely across industries. The level of participation is relatively high in manufacturing industries, trade and hospitality services whereas it is relatively low in public services and utilities and construction industries.