ChooseONEof the MAS studied in this unit from the list below, and answer the questions that follow:Budgeting System

OR

Standard Costing System

Questions:

1. Briefly discuss the features of your chosen MAS. (3 marks)

2. Discuss the potential benefits of your chosen MAS. (3 marks)

3. List 4 specific examples of the type of information your chosen MAS can provide to assist managers make decisions. (2 marks)

4. Identify 1 specific Australian organisation that your chosen MAS is suited for and explain why. (3 marks)

Part B

Choose one peer reviewed journal article (from any country) on the:Use of your chosen MAS in a real-life organisation (i.e. a case-based empirical study). The article should be published between 2000-2020. Choose your article only after you have accessed and reviewed several relevant articles, and then choose the best article that will answer the questions below.

Questions:

1. Based on your chosen journal article, briefly summarise how the MAS was designed and implemented in the real-life organisation. (4 marks)

2. Based on your chosen journal article, did the MAS in the study satisfy the features discussed in Part A (Q1 and Q2)? Why or why not? Include examples in your answer from your journal article. (4 marks)

3. Based on your chosen journal article, how useful was the accounting information to the internal users in the organisation? Discuss with examples from your journal article. (4 marks)

4. Based on your literature findings, state two key lessons that would inform contemporary organisations about the practical use of your chosen MAS. (4 marks)