question.

PART B

i.Justify their technique in solving cost accounting and issues related to its nature and roles (CLO2).

You are required to carry out research into a topic in management accounting, analyse and evaluate the current state of development or application of that topic, and present your findings in the form of a fully-referenced report. Select ONE of the topics in the following management accounting areas / issues below:-

1. Most large organisations adopt divisionalised structures. The manner in which divisional performance is controlled and measured is, therefore, of particular importance.

2. Traditional budgeting practices come under criticisms and a new paradiam known as Beyond Budgeting was developed in hope to address those critical issues.

3. Management accountants are increasingly pressured to develop relevant managerial accounting systems to support organisations in managing their strategic endeavours.

Guidelines

It is suggested that your research includes, inter alia, the following aspects in your report:

Brief description of the topic

How and when it was first developed, and why

How it has evolved since then

How widespread it is e.g. all types of organisations or only certain sectors

How effective it has proved to be

What are the benefits found when using this technique

What are the costs/problems found when using this technique

Would you regard it as generally applicable, or only for certain organisations/circumstances

The above list is meant to be suggestive and by no means exhaustive. You should select the direction and approach that is most effective. The preceding research should be linked to the rise of various contemporary management accounting techniques where discussion and critical evaluation is required. You should find some articles which are positive and some which have found drawbacks, and you should choose articles which help you gain a general insight into the benefits and possible drawbacks of various modern management accounting techniques.

Your report must include a minimum of 10 references from a range of sources. Please note all the 10 must be journal references. Referencing: All work should be referenced using the Harvard Referencing as required by the university.

ii.Justify their technique in solving cost accounting and issues related to its nature and roles (CLO2).

By using your own organization, or the organization that you are familiar with, identify the new managerial philosophy that the organization has implemented or planning to implement.You are required to identify the causes for such implementation and the impact on the management accounting as well as the organization as a whole. The new managerial philosophy includes but not limited to:

1. Total Quality Management
2. Six Sigma
3. Lean Manufacturing
4. Just in Time
5. Kanban
6. Agile Manufacturing
7. Value Chain, and so on.

Your answer should covers the following:

• A brief introduction about the organization
• The issues related to the organization
• The new philosophy implemented
• The impact on the management accounting
• The impact on the organization
• Conclusion

The above list is meant to be suggestive and by no means exhaustive. You should select the direction and approach that is most effective. The preceding research should be linked to the rise of various contemporary management accounting techniques where discussion and critical evaluation is required. You should find some articles which are positive and some which have found drawbacks, and you should choose articles which help you gain a general insight into the benefits and possible drawbacks of various modern management accounting techniques..