Impact of Data Warehousing and OLAP Models on Management Accounting

Impact of Data Warehousing and OLAP Models on Management Accounting Thesis example
Ph.D.
Thesis
Finance & Accounting
Pages 160 (40160 words)
Download 0
The management accountants are supposed to handle the data related to all the departments in an ordered manner for crucial decision-making. Thus, the role of management accountant is more as a business enabler than financial data maintaining…

Introduction

The use of OLAP and BI tools enable the management accountants to acquire accurate information about all departments. With these tools, a management accountant can draw ideas from the previous happenings of the organization even without much knowledge about the external factors that would lead to collapse of the organization. Owing to these facts, this research work has conducted an in-depth analysis of the impact of OLAP and data warehousing on management accounting. This research work has used the quantitative method of data collection to get opinion from 25 participants from various organizations. The questionnaire has been divided into six sections. The research model has been based on these questions and selected control variables. Statistical analyses in SPSS have been performed on the quantitative data collected to identify the influence of the independent and control variables on the main dependent variable. Descriptive statistics, correlation analysis and regression analysis have been conducted to study the relation between the variables. Based on the analyses it has been found that the factors like familiarity of the organization about OLAP, expertise level and compatibility of accounts department staff, the OLAP cube structure, availability of skilled personnel and the documentation of BRS have major influence on the choice and implementation of OLAP. In addition, the implementation of OLAP is found to have major impact on management accounting procedures leading to improved decision making business strategies. ...
Download paper
Not exactly what you need?

Related papers

Management Accounting
Available at: . Anderson, DR, Sweeny, DJ, Williams, TA & Martin, RK 2007, An introduction to management science: Quantitative approaches to decision making, 12th edn, Cengage Learning. This book is quite helpful in the field of management accounting and the quantitative perspectives in decision making. The book has a great deal…
Management Accounting --
Fred Fiedler was the person who first came up with contingency management. In terms of implementing a new management accounting system or technique, contingency management must be taken into account because the business organisation may need to adapt its business operations depending what issues or challenges that come up. A business manager can use contingency management to listen to the…
Management Accounting
Accounting may be defined as “the art of recording, classifying, and summarizing . transactions and events and interpreting the results thereof” (Introduction to managerial accounting, n. d, p.2). Two types of accounting are usually taking place in organizations; financial accounting and management accounting. Financial accounting and managerial accounting are entirely different things even…
management accounting
17), management invented modern business. Early forms of management accounting integrated both decision-making and analysis, going beyond financial and operational performance data. Chandler stated that before managerial, there was no equivalent of the modem multi-unit organization as there was nothing remotely like the divisional Wed corporation (Chandler 1977, pg.18). Chandler states that the…
management accounting
The main components of this statement are sales, cost of goods sold and expenses; the primary areas of focus are the revenue amount and expenses amount (Slater, 2012). Every organisation tries to keep a tight control on its expenses so that it can fulfil the requirements of its business effectively. Being a cost effective organisation allows the organisation to maintain a strong financial position…
management accounting
However, with the right tools information and skills, a company is guaranteed to stay afloat in a world where businesses keep dropping out of the corporate world. How companies manage their finances and workforce dictates whether the company is bound to open its doors come the next financial year. One of the major concerns in management is the management of accounts which is usually handled a…
MANAGEMENT ACCOUNTING
external and internal factors. These factors have redefined how management practices or functions are performed across business organizations. In the writings by Burgstahler et al. (2007), they stated that the transformations have largely affected the decision making process since there is a change in the management structure, which has integrated new roles as well as position holders. In…