It was stated that management accounting is changing rapidly. Below is an article that states the opposite (Talha et al, 2010).
How can we reconcile the two statements? What is a managerial accounting model? Read the article and comment on some aspect of the discussion in an attempt to shed some light on this topic. What are your thoughts at this juncture?
Talha, et al. (2010). A New Look at Management Accounting. The Journal of Applied Business Research. Volume 26, Number 4, July/August 2012. Retrieved from http://journals.cluteonline.com/index.php/JABR/article/viewFile/309/299
You do not need to discuss every question or comment mentioned above. Choose one or two relevant aspects for further investigation and share your knowledge with the class. Try to add information not previously discussed by others. Please, provide factual information (not merely opinions) backed up by details or examples.© BrainMass Inc. brainmass.com October 25, 2018, 10:02 am ad1c9bdddf
is possible because the mission of cost accounting has not changed - it is still attempting to organize and communicate business and accounting data to provide the most relevant information for decision-makers (Silviu-Virgil, 2014). Management accounting attempts to serve the entire organization, providing professional expertise in planning, monitoring operations, assessing performance, drawing attention to risk, and evaluating potential future opportunities and threats. These are the classics - that management accounting gets the best relevant information to help the organization optimize its outcomes for all stakeholders by providing objective, competent, ethical, and timely work. What is changing quite rapidly, are the tools available to the management ...
Your discussion is 412 words plus two new references. It explains how management accounting has stable goals and roles and responsibilities but rapidly changing tools and technology have greatly increased the ability and reach of management accounting in helping the firm use information, both financial and nonfinancial.
Accounting Information System Replacement
A publicly traded company needs to replace its accounting information system (AIS) within the next 18 months. The company has funding and resources to handle the replacement, so cost is not a concern. The company has several choices:
a. Purchase an off-the shelf accounting system from Oracle (PeopleSoft Enterprise Financial Management). Oracle will assist with the installation, configuration, and testing of the solution. Once the system is operational, the company's information systems group will maintain it.
b. Modify the existing AIS application (which is an in-house system developed and maintained by the company's information system group). It will have the same functions and features as the Oracle solution. The information system group will rely on consultants to assist in the development, configuration, and testing of the system. Once the system is operational, the company's information systems group will maintain it.
c. Hire an outside company (Oracle) to handle the installation, configuration, and maintenance of the AIS application (PeopleSoft Enterprise Financial Management). The solution will be outsourced completely. Users will be able to access the system which will be housed at a secured Oracle location. Little to no work will be required by the company's information systems group.
You have been asked by the company's CEO to make a recommendation as to which approach to take. In considering your recommendation, cost is not a concern. For each option, it is anticipated that it will take no more than 15 months to complete the work.
1. Analyze the need for changing to a new system and the potential benefits and risks associated with this change.
2. Identify three (3) advantages and three (3) disadvantages for each of the following choices:
a) Purchase the AIS from Oracle and have it maintained by the company's information systems group;
b) Modify the company's current AIS application and have it maintained by the company's information systems group; and
c) Outsource the AIS to Oracle and have Oracle maintain the system.View Full Posting Details