Management Accounting System and its Approaches for Business Development

[MANAGERIAL
ACCOUNTING]
2019

MAS 1
Abstract
The aim of this paper is to present the discussion related to the MAS and its approaches used
for the development and growth of the business. These approaches are presently broadly used
by the manufacturing companies and other businesses against traditional accounting methods.
The paper has presented the findings of two journal articles in order to identify whether or not
the use of MAS is beneficial or not. The findings of the paper represents that the use of MAS
is beneficial however its approaches use differs because these systems enable businesses to
use them as per their operations and needs.

MAS 2
Table of Contents
Abstract......................................................................................................................................1
Introduction................................................................................................................................3
Overview of the Case.............................................................................................................3
Types of Management Accounting Techniques.....................................................................4
Just in Time........................................................................................................................4
Total Quality Management................................................................................................4
Activity-Based Costing......................................................................................................5
The relevance of the MAS with the company........................................................................7
Tactical Decision Making..................................................................................................8
Operational decision making..............................................................................................8
Strategic Decision-Making.................................................................................................9
The relevance of the System's Functionality......................................................................9
Comparison of two articles..................................................................................................10
Conclusion................................................................................................................................11
Outcomes from the study.........................................................................................................12
Article 1................................................................................................................................12
Article 2................................................................................................................................12
References................................................................................................................................14

MAS 3
Introduction
The intent of this paper is to discuss the management accounting concept and its tools that are
used by the businesses in order to improve the performance by reducing the cost of the
business. The paper is conducting a detailed analysis of two journal article based on
management accounting with the title “The Case of a Newly Implemented Modern
Management Accounting System in a Multinational Manufacturing Company” and
“Implementation of the Activity-Based Costing Model for a Farm: An Australian Case”.
Besides this, the report is presenting the comparison between both the articles in order to
identify whether both of them provide similar outcomes for the management accounting or
not. In the end, the paper is discussing regarding specific outcomes from the two articles in
know more about the MAS.
Overview of the Case
The journal article with the title "The Case of a Newly Implemented Modern Management
Accounting System in a Multinational Manufacturing Company" is discussing about the
management accounting system and its techniques that are broadly praised by academia but
the planned relevance to the business has not essentially the view detained by the industry.
The aim of this article is to examine the acquisition by the multi-national company of a main
IT-based program of the management accounting to evaluate the relevance and practicality of
its functionality by recognizing the kind of systems that are used and the basis for upgrading
or adjusting its system. The paper has presented the two semi-structured interviews with
finance as well as accounting professionals who work in the multi-national company of
manufacturing that has recently adopted the modern MAS.