Research Essay Topic Example: – The article authors, Johnson and Kaplan looks at how management accounting has evolved over the years and within different industries and how those management accounting reports have failed to help mangers make decisions to reduce costs and improve productivity. The authors state that contemporary trends in competition, technology, and management demand major changes in the way organizations measure and manage costs and how they evaluate short- and long-term performance.Need Assignment Help Online, Homework Solutions & Case Study Answers? Order Custom Research Essay Writing Service.
– The article takes a look at management accounting over varies periods of times and specific industries and discusses how at each period of time the management reports were used.Need Assignment Help Online, Homework Solutions & Case Study Answers? Order Custom Research Essay Writing Service.Online Assignment Help Service – – Get top-rated homework assistance online by professional writers. Free of AI and Plagiarism.- For example, in the 19th century after the Industrial Revolution it was observed that gains could be earned by managing a hierarchical organization. The management system at the time focused on conversion costs and produced only summary results.Need Assignment Help Online, Homework Solutions & Case Study Answers? Order Custom Research Essay Writing Service.
– Fast-forward a several years to roughly around 1925, we see that the management accounting practices that are practiced today had been developed by that time. They had been evolved to serve the control and informational needs of managers of increasingly complex and diverse organizations.Need Assignment Help Online, Homework Solutions & Case Study Answers? Order Custom Research Essay Writing Service.
– It is stated that the systems today provide misleading targets for managerial review. They fail to provide the relevant set of measures that reflect the technology, products, processes and competitive environments. Which has resulted in what they consider as today’s problems: distorted product costs, delayed and overly aggregated process control information, and short-term performance measures that do not reflect the increases or decreases in the organization’s economic position.Need Assignment Help Online, Homework Solutions & Case Study Answers? Order Custom Research Essay Writing Service.
– Johnson and Kaplan conclude by stating that if companies fail to make modifications in their management accounting systems, their ability to be effective and efficient global competitors will be inhibited. Diagnostic Control Systems: Implementing Intended Strategies In chapter four, Robert Simons introduces what is known as the third lever of control: diagnostic control systems. These systems are defined as the backbone of traditional management control, and are designed to ensure predictable goal achievement.Need Assignment Help Online, Homework Solutions & Case Study Answers? Order Custom Research Essay Writing Service.
– The other levers (Belief systems, Boundary Systems and Interactive Control Systems) are mentioned in the reading as well, however the focus of chapter four is to discuss the diagnostic control systems. He highlights three features that distinguish the control systems: (1) the ability to measure the outputs of a process, (2) the existence of predetermined standards against which actual results can be compared, and (3) the ability to correct deviations from standards. The chapter goes on to describe critical performance variables.Need Assignment Help Online, Homework Solutions & Case Study Answers? Order Custom Research Essay Writing Service.
– Those variables as defined are those factors that must be achieved or implemented successfully for the intended strategy of the business to work. The term, “key success factors” can also be used. In which effectiveness and efficiency are the prime criteria for the selection measures used in diagnostic control systems to ensure that they are managed both effectively and efficiently. Kaplan and Norton uses the term “balanced scorecard” to describe a systematic way of analyzing critical performance variables and measures associated with intended strategies.Need Assignment Help Online, Homework Solutions & Case Study Answers? Order Custom Research Essay Writing Service.
– This method allows managers to use measures from each of the four categories (Financial, Customer, Internal Business and Innovation & Learning Measures) simultaneously to guide their business toward the desired goals. The author conveys the message that equipping management systems to control strategy is not an easy task. Managers have to understand their strategies and be able to recognize the relationships between strategic and operating decisions and how they affect the bottom line.Need Assignment Help Online, Homework Solutions & Case Study Answers? Order Custom Research Essay Writing Service.
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