Charles Tilley, chief executive of the Chartered Institute of Management Accountants (CIMA), has said
management accountants are essential to ensure the correct decisions are made.
In an interview with the Times, he highlighted the importance of management accountancy in the current economic situation.
He said: "At the heart of management accounting is the need to make sure that organisations have got the right data, that there are key performance indicators in place to meet the organisation's objectives and that management has the information it needs to make the right decisions and manage the risks."
According to the newspaper, Mr Tilley is engaging in discussion with the Treasury on how CIMA's proposals can benefit the public sector.
He said he hopes to see finance professionals take pivotal roles in public sector organisations with support of chief executives and permanent secretaries.
Mr Tilley has been chief executive of CIMA since 2001 and was previously a partner at KPMG.
Meanwhile, a recent CIMA study showed that three-quarters of
finance directors are planning to increase or maintain staff training budgets.
Only six per cent said they were "very worried" about their company's ability to survive the downturn, with 73 per cent saying they were positive about the future of their firm.
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