Influence of Customization on Management Accounting System in Retail Industry in NSW

Running head: MANAGEMENT ACCOUNTING SYSTEM IN RETAIL INDUSTRY
Influence of Customization on Management Accounting System in Retail Industry in NSW
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1MANAGEMENT ACCOUNTING SYSTEM IN RETAIL INDUSTRY
Table of Contents
Brief Summary of the Theory and Progression in the Field................................................2
Common Themes/Findings across the Four Articles...........................................................2
Different Themes/Findings across the Four Articles...........................................................4
Managerial Implication of the Four Articles.......................................................................6
Study Limitations and Future Research Direction...............................................................7
References............................................................................................................................8

2MANAGEMENT ACCOUNTING SYSTEM IN RETAIL INDUSTRY
Brief Summary of the Theory and Progression in the Field
From analyzing several researches carried out in the field of management accounting
systems customization, it has been revealed that modifications in the management accounting
systems and it is observed to be one of the most vital management techniques that can facilitate
in ensuring efficiency in use of organizational resources in the NSW retail sector (Patel and
Harnett 2018). Research in this field also considers that management accounting is deemed to be
among the most important management techniques that distinctly add value through regularly
probing whether the resources are employed suitably for generating value for the Australian
retail companies’ consumers and shareholders. The management accounting systems serve as the
information systems focused on offering relevant information to managers in order to make
decisions that can lead to effective performance of the Australian retail companies (Bouwens and
Abernethy 2015). Such systems are observed to traditionally implement several techniques that
encompass standard costing of products, budgeting along with absorption costing that can offer
timely information to retail company’s managers. In such scenario, management accounting
systems customization can facilitate retail organizations of NSW to attain cost control,
improving and measuring productivity that ensures attainment of organizational goals.
Common Themes/Findings across the Four Articles
From analyzing four selected articles on “Influence of Customization on Management
Accounting System in Retail Industry in NSW” certain common themes are analyzed in these
articles. The selected articles from which common themes are gathered include “The
consequences of customization on management accounting system design”, “Strategy and
management accounting practices alignment and its effect on organizational performance”, “The