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Impact of Data Warehousing and OLAP Models on Management Accounting
Finance & Accounting
Pages 160 (40160 words)
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…
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. ...
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