Global management accounting principles – emperor’s new clothes?
Global management accounting principles – emperor’s new clothes?

Summary/Abstract: The purpose of this paper is to critically discuss the consultation draft on Global Management Accounting Principles (GMAP) launched by CIMA and AICPA in 2014. The paper starts with a concise presentation of the critical accounting research paradigm. Then some previous attempts to create international management accounting standards are briefly summarized. The analysis of the GMAP focuses on selected issues: the definition, objectives, principles, values and application of management accounting. It is argued that the GMAP, regardless of many qualities, are far from being a neutral set of principles, which could be commonly accepted. They are rather a subjective view on management accounting outlined as a strategic activity of finance professionals aiming to create value. Moreover, the GMAP can be also considered as an expression of hidden interests of their creators.

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