Role of Management Accounting System in Multinational Organizations

Running head: Managerial Accounting
Managerial Accounting
Name of the Student:
Name of the University:
Author’s Note:

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Managerial Accounting
Abstract
The purpose of this paper is to evaluate the role of newly implemented management
accounting system into the organization and to explain in details about the provision of
the accounting information in case of the multinational organization mentioned in the
given case study. The paper further aims to identify the techniques used in MAS that
comes to be relevant for the operational activities of the organization. Further, paper
includes evidence with respect to MAS to be relevant or not in case f the multinational
company. It also aims to compare in terms of research findings between the two
companies using MAS. Hence, paper concludes about relevance of management
accounting system in case of uncertainty of competitive environment of the particular
company.

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Managerial Accounting
Table of Contents
Introduction........................................................................................................................3
Evaluation of the role of management accounting system (MAS) and provisions of
accounting information.......................................................................................................4
Identification of any three examples of different types MAS methods or techniques
from the case study;.......................................................................................................4
Relevance of MAS to contemporary organization:........................................................6
Evidence with reference to the above from the given case study of the company:...6
Comparison of two case studies based on findings that discussed about
management accounting system and to determine whether both the companies
have similar findings or different one:........................................................................8
Conclusions that can be made about MAS relevance in today’s uncertain competitive
business environment..................................................................................................10
Specific outcomes or lessons that are learned from each of two articles and its
research findings that will be useful for management accountants in Australian
companies to learn from:.............................................................................................12
Conclusion:......................................................................................................................13
Reference........................................................................................................................15

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Managerial Accounting
Introduction
Contemporary management accounting techniques in the form of Activity Based
Costing, Balanced Scorecard, and Just in Time or Total Quality Management are
certain techniques that have gained much importance (Alcraz et al.,2016). Management
accounting has become much useful for business managers of the organization. Certain
modifications has been brought about in conventional management accounting systems
and has further lead to contemporary system of management accounting that is helpful
and significant to take decision by managers for the firm (Beratan 2014)). Inappropriate
accounting system selection for firm can negatively impact into either strategic or
operational functions as well as for firm positions. Contemporary management
accounting has several benefits but also its implementation is quite successful which is
a very important part and is also an unsolved issue that limits the benefits that comes
through derivation of new techniques of management accounting. There comes certain
challenges of the industry along with globalized competition and since macro-economic
conditions are fluctuating in that case management accounting plays a vital role to save
the industry for offering it an advantage over its value over its insignificance.
Contemporary accounting techniques lead to improvement into organizational
performance. Management control functions have become the part of user friendly
system for line management. Management accounting systems and provision of
accounting information helps the management of the business firm for making decisions
and has become comparative advantage for competitive edge. Designing of efficient
management system for costs is a very important task for business firms and also for
their management accountants. There arises management system based on technology
across value chain for supporting of business strategies. The paper involves to discuss