Purpose and use of management accounting systems

Assignment Help Managerial Accounting
Reference no: EM132375344

Managerial Accounting Assignment -

Purpose - 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.

Individual Assignment Specifications -

Purpose: 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.

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].

Format of the Assignment Submission: You should at least have the following details -

a. Assignment Cover page clearly stating your name and student number

b. Abstract (one paragraph)

c. Table of Contents

d. Body of the assignment with appropriate section headings

e. Conclusion

f. List of References.

Attachment:- Managerial Accounting Assignment File.rar

Reference no: EM132375344

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Reviews

len2375344

9/24/2019 12:08:30 AM

Overall Presentation (5 marks) (5 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. (4 marks) Include all elements and is well presented. Writing flows clearly and sections are linked effectively. Referencing is of a high standard. English is used effectively with very few errors present.

len2375344

9/24/2019 12:08:21 AM

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

len2375344

9/24/2019 12:08:12 AM

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

len2375344

9/24/2019 12:07:59 AM

Marking Criteria 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 reallife 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%

len2375344

9/24/2019 12:07:46 AM

Format of the Assignment Submission: You should at least have the following details: a. Assignment Cover page clearly stating your name and student number b. Abstract (one paragraph) c. Table of Contents d. Body of the assignment with appropriate section headings e. Conclusion f. List of References.

len2375344

9/24/2019 12:07:14 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.

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