The Role of Management Accountant in Preparing Feasibility Studies
Management Accountant Vol. 26, pp. 316-321, 1991
Posted: 29 Oct 2007
Abstract
This research is related to the role of management accountant in performing a feasibility study as an independent expert. The study explores the major aspects of this issue; it stated fifty questions that need to be answered in order to perform a feasibility study. These questions are related to project identification, environmental, legal, marketing, technical, production, organization, socio- economical, and financial evaluation aspects. The stages of performing a feasibility study have been analyzed and the corresponding tasks have been determined. Each group of tasks are related to one aspect and may produce the required output segment, which forms a part of the feasibility study. The stated list of tasks has been compared to the management accountant competencies as determined by the professional CAM exams in USA and Canada and other related research. It indicates that most of the required competencies to perform a feasibility study are already included. However, several major topics need to be considered for this purpose, such as topics related to environmental, marketing, and operation management aspects.
Keywords: Managment accounting, Feasiblity studies, CMA, Economic studies
JEL Classification: C42, M4
Suggested Citation: Suggested Citation