MANAGERIAL ACCOUNTING ANALYSIS 2022

Running head: MANAGERIAL ACCOUNTING
Managerial accounting
Name of the Student:
Name of the University:
Author’s Note:
Course ID:

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MANAGERIAL ACCOUNTING
Abstract:
The paper demonstrate the analysis of management accounting system by evaluating
two journal articles. Analysis of the implementation of such system by the contemporary
companies has been done in terms of achievement of business goals and decision
making by managers. Three particular types of management accounting techniques
implemented by the companies in the article chosen has been elaborated. In addition to
this, the relevance of management accounting system in the complex and uncertain
business environment has been discussed. Later part of the paper demonstrate the
comparison of findings from the two journal articles and their implication on the
management accountants has been illustrated.

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MANAGERIAL ACCOUNTING
Table of Contents
Introduction:.......................................................................................................................3
Discussion:.........................................................................................................................3
Answer to question 1:........................................................................................................3
Identification of specific examples of different types of management accounting
techniques:.........................................................................................................................3
Answer to question 2:........................................................................................................3
Evaluating the relevance of management accounting system to contemporary
organization:......................................................................................................................3
Identifying the evidence from the case company:.............................................................3
Compare and contrast the findings about management accounting system from another
real life companies:............................................................................................................4
Answer to question 3:........................................................................................................4
Evaluating the relevance of MAS in uncertain and competitive business environment:...4
Answer to question 4:........................................................................................................4
Identifying the importance of four useful specific outcomes for the management
accountants from two articles:...........................................................................................4
Conclusion:........................................................................................................................4

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MANAGERIAL ACCOUNTING
Introduction:
The report elucidates the critical evaluation of the provision of the accounting
information and role of MAS (management accounting system) for the case company
mentioned in the given article. The article titled “The case of a newly implemented
modern management accounting system in a multinational manufacturing
company” is evaluated in this paper for analyzing the importance and relevance of the
information provided by MAS. The first section of report demonstrates the discussion on
three different types of management accounting techniques used by the case company.
Adequate evidence is gathered for the evaluation of article regarding the relevance of
MAS to organization. The later section of report depicts the comparison of the findings
about MAS between two countries that has been explained with the help of examples.
Relevance of management accounting system in the uncertain and competitive
environment is evaluated in the paper. Lastly, the implications of the findings of the
article to the management accountants of Australia has been justified in the report.
Discussion:
Answer to question 1:
Identification of specific examples of different types of management accounting
techniques:
The article has conducted an assessment on the usefulness and relevance of the
management accounting system by investigating the acquisition of major IT based
management accounting program by modern multinational manufacturing company. For
the evaluation of the management accounting program, some of the contemporary
techniques of management accounting such as BSC (balance scorecard), ABC (Activity
based costing) JIT (Just in Time) and TQM (Total quality management) has been
discussed. Business unit managers have increasingly questioned the relevance of the
management accounting as they have failed to keep pace in the uncertain environment.
Such management accounting techniques that are widely used in the industry but the
level of acceptance is lower. However, with the development of internal management
accounting practice, such techniques would gain popularity and relevance like the cost
accounting (Parida et al. 2015).
Activity based costing is one of the tools of management accounting that helps
the organizations in allocating resources to the activities for the effective practice of cost
management accounting. It is the method of accounting that identified the activity
performed by the firm and assigning indirect cost to their subjects. However, the review
from literature presented in the article found that the implementation of ABC became a
troublesome job and costly regarding accurately defining the relevant activities and