Organisational Context of Management Accounting - Essay Example

Only on StudentShare

Extract of sample
Organisational Context of Management Accounting

This paper illustrates that the governance framework of Ivy League University is decentralized where the various departments are separately administered and consolidated centrally for the purpose of financial reporting and regulatory requirements. The university receives research grant funds for which it has a fiduciary responsibility. The revenues from grants and contracts constitute 30% of the total operating budget of the University. The consolidated grant activity is reported other university funds because improper management of grant funds increases the risk position of Ivy. The grant activities are strictly assessed by the legal counsel and the internal as well as external auditor. The University’s Central leadership works towards decreasing inconsistencies in grant activities. Ivy has made an effort in business process redesign and system modernization within three functional areas i.e. financial management, administration of grants and contracts, and HR and payroll. Therefore, in order to create an integrated administrative system, Ivy had introduced ERP that was expected to decrease audit risk and increase fiduciary control. These efforts were driven by the fact that Ivy is a highly leveraged and highest graded financial institution in US and the bond-holders have trusted it with their money. However, the introduction of ERP has also brought along problems of adjustments to a more centralised management accounting system where it was more decentralised previously and followed the legacy commitment accounting. ...Show more

Summary

This research is being carried out to evaluate and present organisational context of management accounting and major issues that were related to the management control and accountability of Ivy League University which are high audit risk; management control; accountability…
Author : auerskyla
Organisational Context of Management Accounting essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Organisational Context of Management Accounting"
with a personal 20% discount.
Grab the best paper

Related Essays

Contemporary Management Accounting System
Contemporary Management Accounting System Table of Contents Overview 3 The Concept of Management Accounting 5 The Drivers for the Changing Role of Management Accounting Practices 7 The Contemporary Business Environment 8 Role of Management Accountants in Contemporary Organizations 10 References 14 Overview Anthony G.
11 pages (2750 words) Essay
Organisational Culture & International Management
...........................5 1.1 Aims of Study...................................................................................5 1.2 Objectives ….....................................................................................5 2.0 Organisational Culture.
14 pages (3500 words) Essay
Organisational Context of Management Accounting
It has been observed that the three universities worked efficiently for the allocation of resources during 1985-1992. In 1991, the government declared that the number of students in the universities has to be increased in a cost effective and flexible manner (Jones, 1994).
10 pages (2500 words) Essay
Management Accounting
For instance, Matarasso, (1999) defined the holistic view of the sustainable impact of arts related activities that have sustainable impact that also changes over time. Wealth of the literature has been developed in this context where visual arts have been performing not role of entertainment development but at the same time has social and economic impact (Kay & Watt, 2000; Jermyn, 2001).This dual responsibility lending on the form of arts requires considerable resources.
8 pages (2000 words) Essay
Management Accounting - bereaucracy
Strategic changes to the basic structural framework which may alter core business activities' processes had to be followed by the proper administrative procedural changes which could accommodate the changes in the proposed direction. Through history, various trends in production and management strategy have guided manufacturing sectors through the adoption of new approaches which has facilitated the business procedures in the various ways.
4 pages (1000 words) Essay
Change Management
How does the interpretation of the case differ between each theoretical perspective Organizational change or change in general can be defined from a variety of points depending on the perception of the user. An individual or employee in an organization may look at a new post or position as a change while higher management may feel it is unimportant.
10 pages (2500 words) Essay
Management Accounting
"The process of identification, measurement, accumulation, analysis, preparation, interpretation and communication of financial information used by management to plan, evaluate, and control within an organization and to assure appropriate use of and accountability for its resources.
8 pages (2000 words) Essay
Management accounting - contemporary approach
Therefore, this paper provides an insightful study of recent innovations in management accounting techniques and various controls employed on the part of the organisation to regulate managerial performance. The main theme underlying the development of this paper encompasses the developments in management accounting systems and the effectiveness of corresponding measures in regulating managerial performance.
18 pages (4500 words) Essay
Accounting in its organisational context
There are two popular methods of allocating costs that a service organisation in the United States and the United Kingdom use. The traditional costing method is uses only one or two cost drivers. On the other hand, the activity based costing allocates total costs using the different activities and processes in servicing a customer or groups of customers.
7 pages (1750 words) Essay
Organizational changes in Management Accounting
What ever is the cause or outcome change is inevitable in any field. But the techniques of management accounting even though traditional, is still in use. After following the past of management accounting starting from1850 the accounting researcher Robert S.
10 pages (2500 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT