European Financial and Accounting Journal 2011, 6(3):7-20 | DOI: 10.18267/j.efaj.23

Harmonization of Requirements for Professional Competence of Managerial Accountants and Controllers

Bohumil Král1, Libuąe ©oljaková2
1 Prof. Ing. Bohumil Král, CSc. - Professor and Head of department; Department of Managerial Accounting, Faculty of Finance and Accounting, University of Economics, Prague, W. Churchill Sq. 4, 130 67 Prague 3, Czech Republic; <kral@vse.cz>.
2 Doc. Ing. Libuąe ©oljaková, Ph.D. - Senior Lecturer; Department of Managerial Accounting, Faculty of Finance and Accounting, University of Economics Prague, W. Churchill Sq. 4, 130 67 Prague 3, Czech Republic; <soljakl@vse.cz>.

The aim of the paper is to comment continuing works on the project whose purpose is to state generally accepted requirements for professional competence of managerial accountants and controllers. In this regard, Draft for a common Statement which defines conceptual outcomes of the project is the subject of comments. Paper concludes that - despite the fact that Draft is the first step only - it brings substantial contributions: it has been leading to better understanding of differences which accompany this profession development in different part of globe and it enables better identification of common features, but also distinctions in profiles and professional orientations of professional accountants, auditors and professional accountants in business and of managerial accountants or controllers whose quality professional development is the principle aim of this project.

Keywords: Controller, Managerial Accountant, Professional Accountant, Professional Competence, Quality Standards
JEL classification: M41

Published: October 1, 2011  Show citation

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Král, B., & ©oljaková, L. (2011). Harmonization of Requirements for Professional Competence of Managerial Accountants and Controllers. European Financial and Accounting Journal6(3), 7-20. doi: 10.18267/j.efaj.23
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