Reference no: EM132610436

The College of Humanities (CoH) of the University of Ghana has just appointed you as their management accountant to manage the transition of the existing collegiate structure. CoH has six (6) primary schools - Business School, School of Arts, School of Languages, School of Law, School of Performing Arts, and School of Social Sciences - for educating their students at both undergraduate and postgraduate levels. It also has other supporting departments such as Academic Affairs, Accounts, Facilities and Stores, and the Computing and IT services. Over the years, the Accounts department has concentrated on only the financial accounting processes and reporting, which has led to some inefficiencies in operations and poor decision-making in recent times. For instance, it has been observed that regular maintenance of assets is not ensured, supervisory of services and control is weak, and the enrollment of students is under treat. A recent external panel review of operations recommended for a management accountant to assist with the information support system for the management function of the college, hence your appointment. You are a bit unsure as to what your role will be in CoH since it has already engaged consultants to design the new management accounting systems. You expected that the development of the new system would have been your responsibility as a management accountant.

You are required to:

Question 1: Explain how, as the management accountant, you may contribute to the design and operation of the new management accounting systems for the College.