Critically evaluate the role of management accounting system

Assignment Help Managerial Accounting
Reference no: EM132360280

Purpose of the assessment

(with ULO Mapping) Students are required to develop their understanding of the purpose and use of management accounting systems, and its usefulness in aiding managers make informed decisions. You are to critically evaluate two journal articles to analyse the practical use of management accounting systems by contemporary companies, in terms of their relevance to the real-life companies' decision-making by managers and achievement of business goals (ULO 2, 3, 5, 6, 7 & 8)

Assignment Specifications

This assignment aims at developing your understanding of the purpose and use of management accounting systems, and its usefulness in aiding managers make informed decisions. You are to critically evaluate two journal articles to analyse the practical use of management accounting systems by contemporary companies, in terms of their relevance to the real-life companies' decision-making by managers and achievement of business goals.

Assignment Task:

Journal Article Critique
You are required to read the journal article by Watts, Yapa and Dellaportas (2014), "The Case of a Newly Implemented Modern Management Accounting System in a Multinational Manufacturing Company", Australasian Accounting, Business and Finance Journal, 8 (2), p. 121-137. The journal article is attached as a separate file in Blackboard under the folder <Assignment>.

Required: Critically evaluate the role of management accounting systems (MAS) and the provision of accounting information for the case company by answering the 4 questions below:

Questions:
1. Identify any three (3) specific examples of the different types of management accounting methods and/or techniques from the case.

2. Are MAS relevant to contemporary organisations? Discuss this with reference to:
i) What evidence is there from the case company? Include examples in your answer.

ii) Compare and contrast this finding with one other journal article you will need to find that has discussed about management accounting systems in another real-life company or companies. Did this second study have similar findings as the first chosen article, or mixed and/or different findings? Explain with examples.

3. What conclusions do you make about the relevance of MAS in today's competitive and (in most cases), uncertain business environment?

4. Provide four (4) specific outcomes or lessons learned from each of the two articles' research findings that will be useful for management accountants in Australian companies to learn from, and justify your answer [i.e. provide 2 outcomes from each of the two studies].

Another 5 marks are determined by the overall presentation of your assignment.
Additional Information:
a) You are encouraged to choose the second journal article from the following Accounting and Management Accounting Journals:

b) The journal article need to study a real-life company or companies' MAS from year 2010 onwards, (in any country).
c) You can access these journals in ProQuest Database by clicking on the above links. Log in details for ProQuest are - Username: Holmes2004; Password: holmes. These journals can also be accessed via the ProQuest Database link available via the Student Login page in the Holmes website.

Attachment:- The Case of a Newly Implemented Modern Management.rar

Verified Expert

The majority of the plagiarism has appear on the journal article named used in the report and technical terms.Therefore, the name of the two articles has been removed as much as possible and some non technical term has been changed.

Reference no: EM132360280

Questions Cloud

Draw the new t-account for first california bank : Draw the new T-account for First California Bank right after the Fed's purchase.
Economies of scale and economies of scope : What is the difference between economies of scale and economies of scope?
T-account for first california bank : Draw the new T-account for First California Bank right after the Fed's purchase.
What are the factors that are contributing to the growth : Discuss how the rapid expansion of middle class is likely to aid not only the growth of the Asian economy but also the global economy?
Critically evaluate the role of management accounting system : HI5017 - Compare and contrast this finding with one other journal article you will need to find that has discussed about management accounting systems
Price of hybrid cars as the price of petrol rises : Draw a graph showing the supply and demand for hybrid cars before and after an increase in the petrol prices.
How are unemployment and underemployment different : How are unemployment and underemployment different in rich and poor countries?
Demand for hybrid cars and also for gas powered cars : How do you think this affected the demand for hybrid cars and also for gas powered cars?
What are some ways you might seek to be understood : What are some ways you might seek to be understood? How can this thought experiment help you in your daily life.

Reviews

len2360280

8/24/2019 5:20:30 AM

Outcomes or lessons learned from each of the two articles’ research findings (8 marks) (8 marks) Clear, concise, compelling discussion of 4 lessons learned (2 from each study). Overall Presentation (5 (5 marks) marks) Include all elements and is very well presented. Writing flows clearly and sections are linked very effectively. Referencing is exemplary. English is used very effectively and error-free.

len2360280

8/24/2019 5:20:05 AM

Compare and contrast (5 marks) (4 marks) the finding with one Clear, concise, A very good other relevant journal compelling discussion with article (5 marks) discussion with very good excellent examples. examples. Conclusions about the (4 marks) (3.5 marks) relevance of MAS in Clear, concise, Very good today’s business compelling conclusions environment (4 marks) conclusions about the about the relevance of relevance of MAS in today’s MAS in today’s competitive and competitive and uncertain uncertain business business environment. environment.

len2360280

8/24/2019 5:19:54 AM

Excellent Very Good Journal Article Critique Examples of the different (3 marks) (2 marks) types of management Identify 3 Identify 3 accounting methods examples of examples of and/or techniques from management management the case (3 marks) accounting accounting methods and/or methods and/or techniques from techniques from the case with the case with very good good discussion discussion of of the the examples. examples. Relevance of MAS to (5 marks) (4 marks) contemporary Present an Present a very organisations (5 marks) excellent good discussion discussion of of the relevance the relevance of of MAS to MAS to contemporary contemporary organisations organisations with examples with examples provided from provided from the case the case company. company.

len2360280

8/24/2019 5:19:45 AM

Marking Criteria Weighting Journal Article Critique 1. Identify any three (3) specific examples of the different types of management accounting methods and/or techniques from the case. 3% 2. Are MAS relevant to contemporary organisations? Discuss this with reference to: i) What evidence is there from the case company? Include examples in your answer. 5% ii) Compare and contrast this finding with one other relevant journal article you will need to find that has discussed about management accounting systems in another real- life company or companies. Did this second study have similar findings as the first chosen article, or mixed and/or different findings? Explain with examples. 5% 3. What conclusions do you make about the relevance of MAS in today’s competitive and (in most cases), uncertain business environment? 4% 4. Provide four (4) specific outcomes or lessons learned from each of the two articles’ research findings that will be useful for management accountants in Australian companies to learn from, and justify your answer [i.e. provide 2 outcomes from each of the two studies]. 8% Overall Presentation of Assignment 5% TOTAL Weight 30%

len2360280

8/24/2019 5:19:34 AM

• All work must be submitted on Blackboard by the due date along with a completed Assignment Cover Page. • The assignment must be in MS Word format, no spacing, 12-pt Arial font and 2 cm margins on all four sides of your page with appropriate section headings and page numbers. • Reference sources must be cited in the text of the report, and listed appropriately at the end in a reference list using Harvard referencing style. • It is the responsibility of the student who is submitting the work, to ensure that the work is in fact her/his own work. Incorporating another’s work or ideas into one’s own work without appropriate acknowledgement is an academic offence. Students should submit all assignments for plagiarism checking on Blackboard before final submission in the subject. For further details, please refer to the Unit Outline and Student Handbook.

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd