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Essay / Research Paper Abstract
This 5 page paper considers what factors need to be looked at before a company decides upon, and implements a new management accounting information system. Factors discussed include functionality, current and future information needs, the decision whether to buy or lease and influence and impact on employees. The bibliography cites 5 sources.
Page Count:
5 pages (~225 words per page)
File: TS14_TEestaccs.rtf
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Unformatted sample text from the term paper:
of factors, each of which have to be considered in terms of the value and control that it will be able to create. There will be many considerations, in
many cases the approach that is taken will be to develop or choose and then implement a system that meets the most needs out of the choices available, often not
all desires may be satisfied. The business will first need to determine the basic needs, these will include the functional needs as well as other aspects such as budget and
required time scales. The most important aspect of any accounting information system is the information that it will be able to provide and the way that the information will
be useful. It is important that the system is capable of taking the data from the required departments and converting this not only into more data, but into data that
can be used as part of the decisions making processes. The type of business, culture and current processes and strategies will determine exactly what is needed. For example, in a
company which make a range of goods, which many be anything from custom made pianos to car components the strategy may be to identify and then pursue the most profitable
lines only, in this case the system may need to support decision making system to achieve this goal. This may include the use of activity based costing and assessment.
There may be other goals, such as the reduction of working capital and the desire to control input costs or the desire to
reduce exposure to risk, or even environmental concerns (Brown et al, 2005). As such the systems will need to be able to provide the data that is needed. This means
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