Maxwells Pty Ltd is a manufacturing business that produces it goods via series of processes. Process costing is a predominant part of management accountant role. Maxwell has strong domestic and international competitors. Nevertheless, there is huge demand for the Maxwell products with sustained market shares over the year. Therefore, the businesses regularly modify or replace its accounting system to meet the fast changing industry innovation, demand and other social contracts. This places the company well in competing with rivals by taking advantage of evolving Accounting IT system. However, the continuous changes of Accounting System require substantial resources commitments from Maxwell Pty Ltd similarly to substantial benefits. Some of the typical tasks involved in the changes or replacement of accounting system at Maxwell include (1) surveying existing system, (2) system analysis involving project manager, system or business analysts, management accountant and other technical personnel such as system security analysts.

Required:

1. Given the briefing above, discuss the purpose and reasons for surveying Maxwells existing system

2. Explain the activities likely to be performed during systems survey and analysis at Maxwell Pty Ltd

3. Discuss the role of a management accountant in modification to Maxwell existing accounting system or replacement of the accounting system.