Global Management Accounting Principles (GMAPs) - Revision history

User at 14:41, 23 November 2022

2022-11-23T14:41:15Z

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User at 16:43, 5 February 2021

2021-02-05T16:43:29Z

User at 16:43, 5 February 2021

2021-02-05T16:43:05Z

User: Created page with "'''Global Management Accounting Principles (GMAPs)''' are a set of statements that describe the fundamental values, qualities, norms and features to which Management Account..."

2021-02-05T16:41:22Z

Created page with "'''Global Management Accounting Principles (GMAPs)''' are a set of statements that describe the fundamental values, qualities, norms and features to which Management Account..."

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'''Global Management Accounting Principles (GMAPs)''' are a set of statements that describe the fundamental values, qualities, norms and features to which [[Management Accounting|management accounting]] professionals should aspire and that represent best practice.

There are three major Principles, underpinned by the professional values of management accountants, as shown in Figure below 
1. Preparing relevant information 
Objective – To ensure that organisations plan for their information needs when creating tactics for execution. 
This involves the identification, collection, validation, preparation and storage of information. It requires achieving an appropriate balance between:
*past, present and future-related information
*internal and external information
*financial and non-financial information.
2. Modelling value creation 
Objective – To simulate different scenarios that demonstrate the cause-and-effect relationships between inputs and outcomes. 
This requires a thorough understanding of the business model and wider macro-economic environment. It involves the analysis of information along the value creation path, the evaluation of opportunities within this context, and a focus on the risks, costs and value of opportunities.
3. Communicating with impact 
Objective – To drive better decisions about strategy execution at all levels. 
This involves communicating the results of scenario analysis in a manner that is tailored to the decision being considered as well as to the decision-makers (or other audiences). It requires breaking down complexity and transparency about how conclusions have been reached.<ref>The three major principles of GMAPs [https://www.cimaglobal.com/Global/2015%20syllabus/GMAP_executive%20summary.pdf CIMA Global]</ref>

[[File:File.png|200px|thumb|left|alt text]] 
source: CIMA Global

@@ Line 11: / Line 11: @@
 Objective – To simulate different scenarios that demonstrate the cause-and-effect relationships between inputs and outcomes.<br />
 This requires a thorough understanding of the [[business]] [[model]] and wider macro-economic environment. It involves the analysis of information along the value creation path, the [[evaluation]] of opportunities within this context, and a focus on the risks, costs and value of opportunities.
-. Communicating with [[impact]]<br />
+. Communicating with impact<br />
 Objective – To drive better decisions about [[strategy]] execution at all levels.<br />
 This involves communicating the results of scenario analysis in a manner that is tailored to the decision being considered as well as to the decision-makers (or other audiences). It requires breaking down complexity and transparency about how conclusions have been reached.<ref>The three major principles of GMAPs [https://www.cimaglobal.com/Global/2015%20syllabus/GMAP_executive%20summary.pdf CIMA Global]</ref>

@@ Line 1: / Line 1: @@
-'''Global Management Accounting Principles (GMAPs)''' are a set of statements that describe the fundamental values, qualities, norms and features to which [[Management Accounting|management accounting]] professionals should aspire and that represent best practice.
+'''Global [[Management]] [[Accounting]] Principles (GMAPs)''' are a set of statements that describe the fundamental values, qualities, norms and features to which [[Management Accounting|management accounting]] professionals should aspire and that represent best practice.
 There are three major Principles, underpinned by the professional values of management accountants, as shown in Figure below <br />
 . Preparing relevant information <br />
-Objective – To ensure that organisations plan for their information needs when creating tactics for execution. <br />
+[[Objective]] – To ensure that organisations plan for their information needs when creating tactics for execution. <br />
 This involves the identification, collection, validation, preparation and storage of information. It requires achieving an appropriate balance between:
 *past, present and future-related information
 *internal and external information
 *financial and non-financial information.
-. Modelling value creation<br />
+. Modelling [[value]] creation<br />
 Objective – To simulate different scenarios that demonstrate the cause-and-effect relationships between inputs and outcomes.<br />
-This requires a thorough understanding of the business model and wider macro-economic environment. It involves the analysis of information along the value creation path, the evaluation of opportunities within this context, and a focus on the risks, costs and value of opportunities.
+This requires a thorough understanding of the [[business]] [[model]] and wider macro-economic environment. It involves the analysis of information along the value creation path, the [[evaluation]] of opportunities within this context, and a focus on the risks, costs and value of opportunities.
-. Communicating with impact<br />
+. Communicating with [[impact]]<br />
-Objective – To drive better decisions about strategy execution at all levels.<br />
+Objective – To drive better decisions about [[strategy]] execution at all levels.<br />
 This involves communicating the results of scenario analysis in a manner that is tailored to the decision being considered as well as to the decision-makers (or other audiences). It requires breaking down complexity and transparency about how conclusions have been reached.<ref>The three major principles of GMAPs [https://www.cimaglobal.com/Global/2015%20syllabus/GMAP_executive%20summary.pdf CIMA Global]</ref>

← Older revision		Revision as of 16:43, 5 February 2021
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−	[File:GMAPs.png\|400px\|Global Management Accounting Principles (GMAPs)]<br />	+	[[File:GMAPs.png\|400px\|Global Management Accounting Principles (GMAPs)]]<br />
	source: CIMA Global		source: CIMA Global

← Older revision		Revision as of 16:43, 5 February 2021
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−	[[File:~~File~~.png\|~~200px\|thumb\|left~~\|~~alt text]~~]<br />	+	[File:GMAPs.png\|400px\|Global Management Accounting Principles (GMAPs)]<br />
	source: CIMA Global		source: CIMA Global