Management accountants are grappling with difficult judgments arising from the COVID-19 pandemic, which has caused significant economic uncertainty across the globe.
Specific challenges may include helping to ensure the availability of funds needed to survive, updating plans with massive uncertainty, and adjusting information and monitoring needs.
Professional judgment — the combination of relevant experience and educated opinions — is crucial to making tough choices, especially when that judgment is continually tested amid shifts in circumstances and mood.
Others turn to management accountants for authoritative assurance, trusted information and unbiased credibility. Now, more than ever, is the time to exercise professional judgment when making tough decisions. Learn more about how to do that.