Management Accounting System Course 2022

Management Accounting System 1
MANAGEMENT ACCOUNTING SYSTEM
By (Student’s Name)
Professor’s Name
College
Course
Date

Management Accounting System 2
MANAGEMENT ACCOUNTING SYSTEM
Abstract
The discussion is this report is anchored on the article entitled by Watts et al. (2014)
about the implementation of a novel cotemporary management accounting system MAS in an
MNC manufacturing firm. This article has been critically evaluated in terms of the role of MAS
and accounting information provision for case company by answering four questions. Three
specific examples of different types of MAS methods/techniques are identified from the case and
the a determination is made on MAS relevancy to the contemporary organizations in reference to
the available evidence and examples from the case and comparing and contrasting this findings
with another journal article about MA in real-life companies. This also help determine whether
the second study or article have identical findings as Watts, Yapa and Dellaportas (2014) article,
or mixed and different findings with example-based explanations. A conclusion is made
regarding the MAS relevance in contemporary competitive (most often) uncertain business
environment. Finally, four specific lessons or outcomes learned from both the articles’ research
findings that shall be useful for management accountants in Australians companies to learn from
with justification by providing two outcomes from each of two articles.

Management Accounting System 3
Table of Contents
Abstract............................................................................................................................................2
Discussion........................................................................................................................................4
1. Types of Management Accounting Method/Techniques.........................................................4
2. MAS Relevancy in Contemporary Organizations...................................................................4
i) Evidence from case company A...........................................................................................4
ii) Comparing and contrasting with Yigitbasioglu (2016) Article...........................................7
3. MAS Relevance Conclusion in Uncertain and Competitive Business Environment...............9
4. Outcomes or Lessons Learned and Justification....................................................................11
Conclusion.....................................................................................................................................13
References......................................................................................................................................14

Management Accounting System 4
Discussion
1. Types of Management Accounting Method/Techniques
The specific examples of various kinds of MAS methods/techniques from the case
include BSC; ABC VCA); TQM and JIT). The use of these techniques have gained traction
management accounting (MA) specifically by beginning the latter periods of 20th century.
2. MAS Relevancy in Contemporary Organizations
i) Evidence from case company A
The industry encounters of the kind of globalized competition alongside changing
conditions of macro-economic nature might be savior for management accounting as industry is
seeking to gain desired advantage, irrespective of how minute it might be. With the fast high-end
technological development, effective as well as immediate conversation, and surged competition,
several corporations have been compelled to look for comparative edges to stay feasible. Thus,
MAS and consequent information utilized to help managers in their process of making decisions
remains recommended to give a comparative edge in the competitive and vigorous environment.
This is because designing and maintaining efficient and effective system of managing cost has
turned out to be a fundamental undertaking for companies and respective management
accountants. Information technology currently plays a significant role in fields which are
characteristically the management accounting realm.
The evidence also suggest that modern techniques of management accounting including
BSC, TQM and ABC, on a wider level, are considered broadly used by industry yet the