Managerial Accounting: Journal Article Critique

MANAGERIAL ACCOUNTING 1
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Managerial Accounting: Journal Article Critique
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MANAGERIAL ACCOUNTING 2
Abstract
This paper identifies specific examples of various types of management accounting methods
discussed in the case study. With evidence from case study on a given company, it discusses the
relevance of management accounting systems to contemporary organizations. Additionally, the
paper compares and contrasts the findings obtained in the first article to the ones obtained in the
second one and then examines the similarities and differences that exist between these findings.
It also provides the lessons learned from the research findings of both articles that can be useful
to management accountants in Australian companies, and draws conclusions on the relevance of
management accounting systems in today`s uncertain and competitive business environment.

MANAGERIAL ACCOUNTING 3
Table of Contents
Abstract........................................................................................................................ 2
Table of Contents....................................................................................................... 3
Introduction.................................................................................................................... 4
Identify any three (3) specific examples of the different types of management accounting methods
and/or techniques from the case........................................................................................ 4
Are MAS relevant to contemporary organizations? Discuss this with reference to:............................6
i) What evidence is there from the case company?.................................................................6
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...........................10
What conclusions do you make about the relevance of MAS in today’s competitive and (in most cases),
uncertain business environment?........................................................................................ 12
Conclusion................................................................................................................... 14
References................................................................................................................... 15

MANAGERIAL ACCOUNTING 4
Managerial Accounting: Journal Article Critique
Introduction
In today`s highly competitive and uncertain business environment, management
accounting systems (MAS) are some of the most commonly used practices in both small scale
and large scale businesses. These systems play a vital in helping managers make strategic
decisions in various management levels (Watts et al, 2014).
They comprise of numerous techniques including Activity-based costing, (ABC), Just in
Time(JIT), Balanced Scorecard(BSC), Total Quality Management (TQM) and so many others.
Some managers around the world are still questioning the relevance of management accounting
due to its inconsistence in competitive and uncertain business environments. Some techniques
have been proven irrelevant in different companies basing on their structure and manufacturing
process. However, several companies have continued to adopt various techniques of
management accounting to help them perform various tasks (Mahal & Hossain, 2015).
Identify any three (3) specific examples of the different types of management
accounting methods and/or techniques from the case
The three specific examples of management accounting techniques include Activity Based
costing(ABC), Total Quality Management(TQM) and Just in Time(JIT). These techniques of
management accounting are used by both traditional and contemporary organizations to identify,
measure, analyze and interpret accounting information in order to make it easy for managers to
make effective decisions that can facilitate efficient management of the company`s operations.
Specifically, ABC accounting method identifies the activities carried out in an organization and