Management accounting as an instrument for corporate governance in Botswana

Abstract

Problem statement: Management accounting is not given enough emphasis, at the board level, as a provider of timely and relevant information to facilitate the execution of good corporate governance. Without management accounting information corporations in Botswana may find it difficult to create sustainable corporate governance. Methodology:A questionnaire was used to investigate the use of management accounting tools by the directors in the target organisations.The researchwas carried out among listed companies on the stock exchange and the parastatal organisations in Botswana. Main findings: Most directors in the organisations don‟t emphasise the use of management accounting in decision making.Management accountants have also failed to provide theinformation at board level. Conclusion:To execute their duties efficiently, directorsmay need to call for more management accounting reports from the senior management level up to the board level and regularly use them to facilitate their decision making.