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    Managerial Accounting Assignment Help Uk

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    Managerial Accounting Assignment Help Uk


    MANAGERIAL  ACCOUNTING

    Abstract 

    This report enclosed with a brief discussion of different types of management accounting system such as Quality management system, balanced scorecard, just in time referenced by a case study. The report indicates the entire relevant factor of the management accounting system with the help of suitable evidence and examples. The report also includes the contemporary discussion of a management accounting system that should adopted by multinational firms to ensure the success of the business. However, the significance of management accounting system is important in the present trend of the uncertain business environment and that regards as a discussion topic of this report

    Three specific examples of the different types of management accounting method using in the case study 

    There are three different types of accounting procedure such as TQM, BSC and JIT reflect in this article to analyse the management accounting system. It becomes the present trend of multinational firms often observed to consider advanced and IT-based accounting management system in their firms that they can update or can modify their accounting system.

    TQM   

    TQM stands for Total Quality Management system. Ho to spread the accounting system on behalf of the success of a firm. The information of accwever, TQM is one of the recognised practice is using to gain a wider range of attentionounting regards as the fundamental factor to operate the business as a while and that causes to raise quality management of accounting system. Opined by Ross (2017), it is often observed that multinational manufacturing companies have present trend to approach for TQM in their accounting system as it provides them with a progressive procedure of accounting system that can indicate the entire errors of manufacturing and can also detect the reducing factor of errors in the organisation. According to the example, company A is recognised Australian manufacturing organisation focuses on the revelatory factor of accounting management system often affected due to the lack of proper information and that creates manufacturing errors for multinational manufacturing organisations. The supply chain management and inventory system of the organisation also affect due to the lack of practices that synthesis the quality assessment for the accounting system of the organisation. According to the example of a case study, business uncertainty can affect the overall business due to the lack of quality management assessment of accounting. According to Otley (2016), it becomes a necessity to enhance quality in the accounting system that it can able to modify the conventional management system of accounting. It helps organisations to enhance a better updating for their strategic business operation.  

    BSC 

    Balanced scorecard regards as another accounting tool that includes in the IT-based  Multi-agent accounting system to synthesis the operational activities in multinational manufacturing firms such as company-A. However, this tool recognised as measurement system that monitors entire financial performances that enclose with the internal and external business procedure. It becomes the present trend to use balanced scorecard for the multinational manufacturing companies that they can measure their financial progress in the organisation. However, it has also found that using balanced scorecard manufacturing companies enhances the strategic way that they can ensure their organisational performances. As suggested by Schaltegger and Burritt (2017), it helps them to create a purpose statement for their business that includes different aspects of their business such as business objectives, scope and business advantages. For example, manufacturing companies often change their business agenda with the help of balanced scorecard and that help them to enhance the management accounting system. Organisations can impel the management accounting system within the help of balanced scorecard as it provides them to competitive advantages by balancing the accounting measurement and can launch some incentives. According to Schaltegger and Wagner (2017), it often seen that multinational manufacturing organisations can enhance a great measurement of operational activities for their organisation and with the help of balanced scorecard and that help them to identify the measurement of their organizational performances.   

    JIT 

    JIT regards as another IT based accounting tool that helps to progress the multi-agent accounting system in the prominence of emerging accounting system in the organisation. For example, company-A adopted Just In Time tool in their accounting system to develop the measurement assessment of accounting system related to the inventory management. The major focus of the multinational organisations is to develop their inventory management system that they can calculate the time for the supply accessories between the warehouses to the production. It used in manufacturing organisations to reduce relevant factors that consume time into the supply of production. As suggested by Bates and Muras, International Business Machines Corp (2016), this tool is also effective for the multinational manufacturing organisations as it develops cost accounting procedure that helps organisations to invest fewer amounts for raw materials. According to Maskell,Baggaley and Grasso (2017), to access this elementary factor of production they can synthesis marginal cost price for their customers. After consideration of semi-structured interviews from the higher executives of accounting system-manufacturing companies, it has found that cost-effective managerial accounting system should enhanced by the organisation that it can ensure the organisational performance in the organisation.

    Relevancy of MAS to a contemporary organisation with evidence and examples

    The management system of accounting deeply related to contemporary organisations. Regarding the case study, it proven that the modern tool of accounting has emerged in the latter part of the 20th century, as firms required a progressive strategy of functions. However, the changing trends of MAS  are also indicating the change factor matrix and project structure that manufacturing organisations can obtain competitive advantages for them. According to the case study, it has found that no other tools of accounting can enhance progress like TQM JIT and ABC. Thus, it becomes the present trend for contemporary organisations to adopt this IT-based technology of accounting that they can monitor their financial and organisational performance in the organisation. Management accounting system requires changing according to the present requirement of the competitive and globalised market that it can be useful for the manufacturing companies to ensure their financial progress. According to the change approach of the contemporary organisation, they often restructure accounts matrix and that executes the relevance of management accounting system.

    According to Schaltegger and Burritt (2017), the progressive accounting management system relevants to the progress of the manufacturing organisations.  It provides different IT tool of accounting as TQM, JIT and ABS. it evidenced that these tools are playing a significant role to monitor the functional approach in the organisation that they can gain a competitive advantage within the global market. The present trend of contemporary organisations to expand their business into the global stage and that required to the detail information of financial elementary factors and a suitable financial measurement that it can help to synthesis the financial; limitations for the manufacturing companies that deals with global business. The multi-agent accounting system is relevant to the contemporary organisations as it refers to different sectors such as supply chain management, customer experiences, and reductions of manufacturing errors that companies can reduce the cost of the product. At the same time, the management accounting system plays an important role to enhance a strategic change in the organisation and that affect the overall performance of the organisation.

    As suggested by Steiss (2019), MAS prefers for total quality management in the accounting system of a multinational manufacturing company that they can enhance a suitable accounting system and can approach proper financial prores to reach out the competitive advantage for them. It also under the consideration of contemporary organisations and executes the relevance of MAS to contemporary organisations. Contemporary organisations gain financial growth for them by the exceptions of total quality management procedure in their accounting system. They identify customer attention, financial involvement, leadership management by adopting this methodology into their accounting system. Through adopting QTC in accounting system overall measurement of financial progress ensure and that helps organisations to take their financial decisions that they can secure their competitive advantages. However, this tool refers to the errors of internal and external disputes of financial measures that affect the overall profitability and organisational progress for the manufacturing companies. The relevance MAS to contemporary organisations also proved as the multi-agent program TQM, Balanced scorecard and JIT of managing accounting system enhance long-term changes according to the short-term goals of the organisations. On the other hand, it also indicates to the development program of inventory management by adopting the IT-based tool like JIT. However, it also executes the relevance of MAS to contemporary organisations as it accomplishes the prior motto of flexible resolutions for account-based issues in the organisations.      

    Compare and constructing of MAS with the help of another similar case study

    Management Accounting Systems and Credit Risk Management Policies and Practices towards Organizational Performance in Palestinian Commercial Banks 

    Another case study that encloses with a brief discussion of the management accounting system within the subject of credit risk oriented management policies and practices. The findings of this article also indicate a similar factor obtained by the previous article. The assessment of current article also refers to enhance IT-based accounting tool that it can be helpful to resolute the issue associated with credit risk in the banking sector. However, credit risk recognised as a major issue in the sector of banking that affects the overall performance of the bank. The policies associated with credits should modify by the present trend of management accounting system otherwise; it can create a great issue for the bankers. The findings of this article execute two major factors of accounting system such as total quality management and balanced scorecard that they can develop such great policies and practices for their creditors. Palestinian banks considered as an example for this article to describe the credit risks due to the policies and practices of credit in the sector of the bank. According to Petria, Capraru and Ihnatov (2015), the investigation indicates the significant factor of ROA and ROE that used to measure the overall performance of the sector of commercial banks. The significance of the article also proved as it refers to the joint venture of management accounting system and credit risk oriented management system to develop the organisational performance of the organisation. Regarding the case study Return On Asset and Return on equality are the two measurement factors that should maintain while developing the credit-related policies and practices. However, the Total Quality Management tool also considered here to gain the overall organisational performance in the sector of a commercial bank that they can manage the flow of credit cash. As suggested by Kajola et al. (2018), commercial banks can enhance profitability for their bank after including the tool of TQM. however, it helps them to implement the diversification of income, operational activities in the organisation. Similarly, with the help of TQM, they can monitor credit-oriented issues. The current article also focuses on similar issues of strategic management of the accounting system that they can measure their organisational performance.

    Regarding the case study, the commercial bank lights on the panel model in their accounting system s to improve their organisational performance. However, this model determines for the estimation program that secures the profit for the bank. However, this also refers to the necessity of TQM in the accounting system that helps to measure the effectiveness of organisational performances. Similarly, the findings of the article focus on the factor that management accounting system should adopt a multi-agent of technical tools that they can measure the errors associated with the risk of credit-issuing policies. However, the previous article also points out the same factor in respect of the management accounting system. Regarding the current case study, the credit risks depend on the measurement of ROA and ROE. as stated by Chaibi and Ftiti (2015), the commercial banks can develop their accounting system by including these tool;s in their accounting system that they can resolute their organisational performance and can secure  a suitable credit policies for their customers. In this context, the current article also considers the similar factor of quality assessment of the accounting system that executes operational activities for the organisation. The organisation also secure a scorecard into their accounting system that they can change their operational agenda according to the present criteria of credits. However, the outcomes of the article considered the factor that the strategic way of accounting system should develop in according to the contemporary market. However, the previous article also enhances a similar recommendation for contemporary organisations to ensure the overall performance of the organisation.

    Importance of MAS in today’s competitive and uncertain business environment 

    The conclusion of the article light on the significance of management accounting system in the context of the present competitive market and uncertain environment of business. The present trend of marketing changed and full of contemporary factors that should maintain by the manufacturing organisations to secure the sustainability of their business. However, the success of organisational performance depends on the strategic way of an accounting system applied by contemporary organisations in the present day. Multi-agent of contemporary accounting system such as Total Quality Management, Balanced scorecard, Just On Time, Activity Based Costing enhance the method of the accounting system. According to Otley (2016), it plays a significant role to enrich the success of the organisation. However, it also helps the organisation to enrich quality assessment in its operational function. The overall performance of the organisation depends on several factors but the financial measurement regards as an essential element in the success of the organisation as it indicates the manufacturer errors. Similarly, it also helps the organisation to identify the accounting accessories required to enhance the performance of the organisation. The present trend of business determines the uncertainty of the business environment and it changes at any time according to the requirement of the market. Regarding this issue, the manufacturing organisations should act on their organisational performance and that they should compel IT-based technology in their accounting system that they can manage their accounting system. As suggested by Schaltegger and Burritt ( 2017), it plays an important role as the inventory management, supply chain management and operational activities are dependent on the measuring assessment of the organisation. However, the management accounting system also helps the manufacturing forms that they can take an active and suitable financial decision according to the present criteria of market. Thus they can ensure the competitive advantages for the. However, the contemporary organisations often seen to adopt new IT-based tools in their accounting system that they can take out a proper resolution to their unsolved financial and accounting issues. However, the management of the accounting system included different ways such as TQM, Scorecard and JIT that help them to enhance implications in the measurement system. However, they can identify their operational errors and recognise the cost-effective issues that affect the overall performance of the organisation. According to Schaltegger and Burritt (2017), therefore, the management of the accounting system lead the organisation to enhance a better assessment of operational performance in the organisation by adopting a multi-agent of the accounting system. The uncertain business environment is the major cause that raises the importance of management accounting system as the present context of the competitive market provides the elementary accessories to the contemporary organisations that they develop their accounting system and manage the financial issues in the organisation. However, adopting different agent of accounting accessories, financial p[ractices can develop and that plays an important role to gain competitive advantages for manufacturing organisations. The importance of management accounting system also executes by the implication of the inventory management system of the organisation that access the time management factors of the production system. However, It also helps the organisation to develop their operational activities and can synthesis suitable business environment.apart from this, management accounting system also enclosed with alterations of a measurement system that it can provide a positive approach for the organisation in spite of uncertain business environment.

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