Management Accounting Systems Academic Essay

INTRODUCTION

The purpose of this project is to investigate variety of accounting systems used by many accountants. Management accounting have considered changes in the industry over recent years in terms of expanding and bringing new methods of systems and changes in characters of accountants. The management accounting will depend on software uses and the result of an image of accountants who are successfully handing over control to their system, and who are encouraged to produce significant faith in the software. The accounting software and uses of many accountants depending on their performance within financial environment will set out an image of accountants who are in control of accounting systems or who controlled by it. (Yazdifar, 2005), (Author2004)

Scope: The scope of this project is to analyse characteristics of accountants in order to match the right system with the right user.

Problem Statement: Currently many software programmes are in use by many accountants. Depending on my research and feedback from many companies, accountants are not using the right software programmes to meet their business requirements.

Approach: Existing software programmes should be observed by accountants in order to find out their skills and knowledge on many programmes. This will encourage accountants to use the most suitable strategy to develop on their weaknesses via using software programmes. Another idea of bringing out new accounting system will encourage accountants to examine their characteristic skills for the most accurate use of software in the accounting industry.

BACKGROUND

The international survey of nineteenth and early twentieth centuries of accounting re-searchers, Mattessich (2003) provided list of early contributors to the literature of ac-counting history in order to extend Italian and to a lesser degree. German scholars dominated the field until and English-language literature of accounting history began in 1990.Mattessich also pointed out many range of national traditions of historical ac-counting research, with vital work in countries such as France, Belgium the Nether-lands and Spain within Europe and a developing interest in accounting history in Japan.

The ‘Italian school’ of accounting history has been explored in depth by Zan(1994), who documents the way in which scholarly writers on accounting theory and practice, from the nineteenth century, tended to support their current theoretical analyses by interpreting, or reinterpreting, the development of accounting ideas and methods. (Edwards, 2009)

AIMS

The aim is to research about many accounting systems, which are in use by accountants based on different types of organizations.

The goal of this project is to shape the work of management accountants by creating new opportunities in the industry.

To strengthen relationship between management accountants, as consumer of accounting software, and the nature of the system.

To develop better qualities of management accounting software in order to increase right decision making by accountants. (Baldvinsdottir, 2004)

OBJECTIVES

To achieve the first aim we will design a questionnaire that meets many organisation’s requirements in order to have the best result of systems used by accountants.

To attain the many goals we could examine accountants by using SWOT to work on their weaknesses and threats to push them towards new opportunities.

We could speak to many accountant face to face to find out their characteristic use of software and come up with strategies to encourage them with their strengths, or work on their recent experiences with the new system.

RESOURCES

In this project, my resources will mainly be journals, literature reviews and books and questionnaires.

Interviewing Accountants– The purpose of interviewing accountant is to clarify their characteristic use of software. To be able to carry out this primary research I will be interviewing couple of accountants in order to find out the most popular used sys-tem within their organization.

Questionnaires – The purpose of giving out questionnaires is to review many accountants feedback on bring out new system in order to discover the most popular software programmes by their users.

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SWOT ANALYSIS

Accounting systems to be used by an organisation may be influenced by elements under (SWOT) for example:

Strengths	The strength of accounting systems are mainly the users of professional accountants who have professional skills and experience of using software. Their strengths will inspire the new system needs and requirements .If accountants expand on their understanding on many systems and use their strengths within the industry this will be an advantage for the new systems will be out in the future.
Weaknesses	Accounting industry has shaped however there is still a large gap of accountants using accurate software. Many software programmes are not hitting some of the business requirements and needs.
Opportunities	The opportunity is to carry out a well-designed software programme for those companies’ needs and requirements. Another opportunity will be for the accountants to follow up an event or programme schedule based on development skills for specific software in order to improve their skills.
Threats	The threats of new system drives new security risks. If accountants are not aware of these systems than many people could publish company’s private data. This could damage the accountant’s and the company’s reputation.

PESTLE ANALYSIS

Accounting systems to be used by an organisation may be influenced by factors under (PESTLE) for example:

Political issues can impact taxes to be collected and so the organisation may choose an accounting system which can easily cope with taxation changes.

Economic issues, the general state of the economy could influence an organisation’s decision on whether to purchase and implement a new accountancy system.

Social issues in relation to implementation of new systems in business should consider different regions of the world such as china is overpopulated however UK is not much populated as much as china.

Technological issues could change the routine of the new system which means the system should be updated depending on the developed technology.

Legal issues could impact the new system that is going to be introduced will be protected by data protection act which means employees working within the organizations are not allowed to share their client’s personal data with third parties.

Environmental issues,

Due to increase in using technology less waste is made. The use of the new system that will be introduced will lead to an increase of more electricity be used up therefore people are forced to absorb more radiation.

CONCLUSION

I have outlined the majority of accounting systems, used by accountants. I have also mentioned the new system needed in order to meet many organization’s needs and requirements in order to increase the population of accounting systems/software programmes in accounting industry.

BIBLIOGRAPHY

Author(s):. (2004). Professional accounting media: accountants handing over control to the system. Qualitative Research in Accounting & Management, 177.

Baldvinsdottir, G. (2004). Professional accounting media: accountants handing over control to the system. Qualitative Research in Accounting & Management, 395.

Edwards, J. R. (2009). The Routledge Companion to Accounting History. USA and Canada, New York : Routledge.

Yazdifar, H. (2005). Management accounting change and the changing roles of management accountants: a comparative analysis between dependent and independent organizations. Journal of Accounting & Organizational Change, 19.