Essays on Management Accounting Innovation Has Been One of the Core Themes Driving Modern Organizations Case Study

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The paper 'Management Accounting Innovation Has Been One of the Core Themes Driving Modern Organizations' is a perfect example of a Management Case Study. In current years, the area of management accounting has seen important advancement in the development of the latest and distinguished accounting as well as a control method. These developments comprise of modernization in such areas as computer-based systems, flexible financial plans, enhanced costing procedures, and the application of assortment of quantitative technique in the collection, examination, as well as reporting of accounting statistics. It seems apparent that management accounting is quickly moving into a fresh age of improved technological expertise as well as superiority. The significant element is that management accounting still appears to be staging For a while, accountants are becoming progressively more specialist in developing and using authoritative technical tools, on the other hand, they still tend to exhibit an almost entirety in deficient of responsiveness relating to the behavioral deliberation concerned in the use of these tools (Louise Burke 2006) (Robert H.

Ashton 2005). This is predominantly inopportune since, to the degree that accounting presentation can from time to time cause un-preferred behavioral responses, the more authoritative and stylish this practice turn out to be, the more probable that their exploitation from a behavioral point of view will lead to the unexpected and undesired consequence for the institute. Effect of upgrading the Management accounting on the social life of an employee 1.

Change in organization culture organization culture is the way workers relate within themselves in an organization and therefore, the management accounting plan will change the organizational culture of the workers, for example, the new changes may make workers sign their time in as well as time out electronically and linked up to their payroll and bonus as well as basic salary based on their time, the integrated system will, as a result, make employees change their culture in order to suit the need of the new changes and thus affecting their social life.

The approach is efficient since it will help the business in minimizing the operating cost as well as the idle time and at the same time increasing the productive label of the company since the new management accounting plan is able to integrate all data of employees as well as the production cost and generate the final reporting of the company’ s general performance as well as areas that need for more attention in relation to cost reduction.

Workers will be efficient so as to cope up with the needs of the new system and to ensure that they are not laid off as well. 2. Improved communication and coordination Management account is meant to enhance the communication and coordination among the staff of the organization since the data flow into an implementation center so as to avail the decision making with appropriate information that is relevant in making a decision.

The communication can only be achieved through the good financial plan as well as goal setting, this is only achieved where the management accounting provides communication channel out from the information center to the implantation department (Marc Epstein 2010). This, therefore, implies that a good management accounting plan will lead to a harmonized flow of information as well as ensuring that workers understand what is expected of them as far as the goal and objectives of the company are concern hence leading to high output as well as workers job satisfaction.



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