Question:
Explain the impact of changing business environments on the management accounting.
The business environment has been changed significantly over the last few decades because of enormous technological advancement, which improve the business activities as well as provide greater facilities to the business organizations to expand their business. The changing business environment has substantial impact on the management accounting. The modified business environment has brought lots of changes in the process of management accounting. The technological advancement, globalization and increasing completion change the business environment, thus the requirement of changing the management accounting has been felt by the business organization (Bamber, Braun and Harrison, 2008).
Unavoidably, all these changes impact on management accounting as well as the management accounting has implement the changing practice of the management. The issue rose through the interaction of the connected factors, management accounting dependant on the changes within the international business environment. Without any doubt it is considered that the idea of management accounting is originated from cost accounting. Cost accounting has significant commercial importance for the business organization. With the changing business environment the cost accounting made advance via the changes made equivalent to the changing business scenarios (Warren, Reeve and Duchac, 2007).
The aim of the report is to determine, analyze and evaluate the role of management accounting in changing business environment (Davis and Davis, 2012). The changing business environment has affected the role of the management accounting and providing appropriate information to the decision makers in order to meet the needs of decision making. Therefore, the global business environment forced the companies to make changes in their structures, systems and operations to adapt with the new environment. The revolutionary changes in training systems and education of the management accounting will be helpful to meet the needs of accounting within the organization. The sustainability of role of the management accounting in changing business environment is a controversial issue that has increased the interest of many researchers. The research on this specific topic will help to explore many ideas and supporting the arguments of the study. The views and ideas with necessary experience and knowledge concerning the area are fundamental and are the conceptual and theoretical contexts. The study will also helps to connect the existing works with this research and evaluating the role of the management accounting within an organization in the changing business environment (Epstein and Lee, 2011). After 1960, management accounting plays a significant role in providing information to take managerial decisions within the organization. The existing theories show that the managerial decisions within the organization have changed after 1980. The evidence supports the views based on the strategic and organizational changes in order to adapt to the business environment after 1980. The advancement in the technology, operations, systems and structure needs changes in the managerial decisions and have also impacted the demand for traditional role the management accounting. According the research study, changes in economic, legal, social, political and technological factors caused changes in the business environment. The advent of the globalization has played a significant role and changes in product life cycle are also an important factor. After 1980, the conventional role of the management accounting is not suitable and the needs of changes become necessary in order to ensure sustainability within the changing business environment (Garrison, Noreen and Brewer, 2012). In order to operate in changing business environment radical changes are important as well as in its training systems and education are necessary. It is an integral part of the company and requires generation, identification, interpretation and presentation of the information.
The main objective of the research is to decide that the conventional role of management accounting is suitable for the new business scenario or not.
The research questions help in carrying out the research to the right direction so that the research objectives can be accomplished more appropriately.
The research methodology leads to the creation of the limitless spheres that are acknowledged for the betterment of the research. In this research report the approaches that are chosen are the deductive approaches and the surveys that provide the proper results for carrying out the proper and the further explanation of the impact of the changes that are seen in the case of the management accounting. The deductive approaches are followed with the quantitative approach that helps in moving the general theory to create the specific observations crucial for the explanation. The survey process also is made through the help of the bunch of the questions which symbolizes the attaining of the research objectives for the creation of the proper approaches for the strategy and thus it also helps in providing the quantitative approaches of the attitudes and the opinions that are claimed for the question (Jiambalvo, 2007). Hence forth this process is judged under the quantitative approach and hence forth the achievement is also made for the creation of the satisfactory answers to the research questions. In the process of this research methodology, the systematic sampling process are used for the in which the sample selected seemed to be 50 accountants and hence the expected accountant that are surveyed over the telephone is seemed to be 7 in numbers. Henceforth the sample accounted seems to be close ended questions that helps in the creation of the advantages for the respondents and the instruments are also permitted with the research questions. The respondents are also facilitated by the respondents which also help in the requirement of the detailed writings and thus the answering of the questions becomes easy for the respondents and also it helps in meeting the requirements of the researchers. The nature and the purpose of the study are conducted for the participant’s satisfaction with the creation of the satisfaction for the research topic (Journal of Financial Reporting & Accounting, 2010).
Main Activities/ Stages
Week 1
Week 2
Week 3
Week 4
Week 5
Week 6
Selection of the topic
Ø
Preparation of the research proposal
Ø
Preparation of the literature review
Ø
Description of the research methodology
Ø
Preparing interview and ethics form
Ø
Collection of data
Ø
Data analysis
Ø
Comparing findings and discussions
Ø
Final analysis of the research
Ø
Conclusion and recommendations
Ø
Ø
Submission of the research study
Ø
Ø
|
Key activities |
Time Scale |
|
Preparation of research proposal |
Week 1 |
|
Literature Review |
Week 6 |
|
Data collection and analysis report due |
Week 10 |
|
Final Business Research |
Week 14 |
The data provided creates the survey of the strategy that is included for the creation of the data collection process which also helps in the selection of the data collection process. It also helps in the collection of the information and the gatherings that are required for the gathering of the data techniques and thus the rationales are also depicted for the procedures. The sources of the data that are collected are from the perceptual inception and thus the information also helps in the collection of the data required and hence the interviews are also created by the individuals. The process also helps in the inclusion of the research and thus the interview is also included for the selection of the individuals that are related with reporting the collection of the data requirement (Kieso, Weygandt and Warfield, 2007). The descriptive and the inferential statistics are also created which also helps in the creation of the proper measurement of the data and the information of the survey regarding the distribution of data for the statistical methods.
The research study clearly shows that changes in the business environment have impacted the management accounting within the organization. The sustainability of the conventional role in chugging business environment is considered as disputed issues that is the main point of the research. The changes in the management are important in order to deal with the changing business environment within the organization (Needles and Crosson, 2002). The management accounting provides financial and economic information to internal user that helps them to make efficient and effective decisions. The analysis of external and internal environments in the context of the management accounting is determined. The changes in the management accounting will help the managers to take decisions and providing information to support the managerial decisions (Shim and Siegel, 2012).
References
Bamber, L., Braun, K. and Harrison, W. (2008). Managerial accounting. Upper Saddle River, N.J.: Pearson Prentice Hall.
Davis, C. and Davis, E. (2012). Managerial accounting. Hoboken, N.J.: John Wiley & Sons.
Epstein, M. and Lee, J. (2011). Advances in management accounting. Bingley, UK: Emerald.
Garrison, R., Noreen, E. and Brewer, P. (2012). Managerial accounting. New York: McGraw-Hill/Irwin.
Global Accounting and Organizational Change Conference. (2007). Managerial Auditing Journal, 22(4).
Jiambalvo, J. (2007). Managerial accounting. Hoboken, NJ: Wiley.
Journal of Financial Reporting & Accounting. (2010). Managerial Auditing Journal, 25(6).
Kieso, D., Weygandt, J. and Warfield, T. (2007). Intermediate accounting. Hoboken, NJ: Wiley.
Needles, B. and Crosson, S. (2002). Managerial accounting. Boston: Houghton Mifflin Co.
Shim, J. and Siegel, J. (2012). Managerial accounting. New York: Schaum.
Warren, C., Reeve, J. and Duchac, J. (2007). Accounting. Mason, OH: Thomson/South-Western.
Essay Writing Service Features
Our Experience
No matter how complex your assignment is, we can find the right professional for your specific task. Contact Essay is an essay writing company that hires only the smartest minds to help you with your projects. Our expertise allows us to provide students with high-quality academic writing, editing & proofreading services.
Free Features
Free revision policy
$10Free bibliography & reference
$8Free title page
$8Free formatting
$8How Our Essay Writing Service Works
First, you will need to complete an order form. It's not difficult but, in case there is anything you find not to be clear, you may always call us so that we can guide you through it. On the order form, you will need to include some basic information concerning your order: subject, topic, number of pages, etc. We also encourage our clients to upload any relevant information or sources that will help.
Complete the order form
Once we have all the information and instructions that we need, we select the most suitable writer for your assignment. While everything seems to be clear, the writer, who has complete knowledge of the subject, may need clarification from you. It is at that point that you would receive a call or email from us.
Writer’s assignment
As soon as the writer has finished, it will be delivered both to the website and to your email address so that you will not miss it. If your deadline is close at hand, we will place a call to you to make sure that you receive the paper on time.
Completing the order and download