The Institute of Management Accountants , the American Institute of CPAs , and several well-known universities as well as other industry and consulting organizations are offering such courses. Similarly, many of those in the accounting profession, who are doing accounting and auditing, are finding the need to re-tool, to develop broader skills beyond their traditional accounting skills. These clients expect that their professional accountants, just like the accountants in industry, will be experts in various areas of the management of the firm, and will help to make the firm successful. Knowing how to do the accounting alone, no matter how well you do it, is by itself no longer sufficient. Not surprisingly, many in the other professions, such as law and medicine, are also finding that a good knowledge of cost management is critical for their professional success.
Many legal disputes involve cost issues, or valuation issues involving cost and other information.
Similarly, cost management principles are very important in developing a profitable and successful medical practice. This is a way to enhance your career and to help add value to your company or organization. The McGraw-Hill Companies. Any use is subject to the Terms of Use and Privacy Policy .