Balance scorecard
1. Coursework title: Evolution of Management Accounting discipline and its relationship with other functions in organizations
2. Module Number: ACC2130
3. Module Name: Issues in Management Accounting
4. Academic Year: 2013-14
5. Student First Name: Magali
6. Student Last Name: Bokungu
7. Student ID No.: M00328257
8. Student’s Email ID (MDX): MB1665@live.mdx.ac.uk
9. Student’s personal Email ID: magaliamba@hotmail.co.uk
This paper starts with introducing importance of management accounting In addition it identifies the management accounting theoretical development, and the main critiques that shapes the development of management accounting, thus creating a ground for future research or reviews. As well as it presents challenge existed in the field and concludes by advocating field-based research to discover the innovative practices being introduced by organizations successfully adapting to the new organization and technology of manufacturing.
2. Summary of Historical Development of Cost Accounting
In terms of accounting development, railway companies started register cost information in accounts (Chandler, 1977 cited on Darius Gliaubicas (2012)) and also Chandler [1977, pp. 109-120] (cited on Robert Kaplan 1984) provides evidence of how U.S. railroads, in the 1860s and 1870s, developed accounting procedures to aid them in their extensive planning and control procedures.
Railroads handled a vastly greater number and dollar volume of transactions than had any previous business and, as a consequence, had to devise procedures to record and summarize an enormous number of cash transactions. These procedures also generated summary financial reports on the operations of the many sub-units within the large, geographically dispersed railroad companies. In addition to the financial summaries, the railroads developed a system of reporting operating statistics for evaluating and con-trolling the performance of their sub-units.
2. Module Number: ACC2130
3. Module Name: Issues in Management Accounting
4. Academic Year: 2013-14
5. Student First Name: Magali
6. Student Last Name: Bokungu
7. Student ID No.: M00328257
8. Student’s Email ID (MDX): MB1665@live.mdx.ac.uk
9. Student’s personal Email ID: magaliamba@hotmail.co.uk
This paper starts with introducing importance of management accounting In addition it identifies the management accounting theoretical development, and the main critiques that shapes the development of management accounting, thus creating a ground for future research or reviews. As well as it presents challenge existed in the field and concludes by advocating field-based research to discover the innovative practices being introduced by organizations successfully adapting to the new organization and technology of manufacturing.
2. Summary of Historical Development of Cost Accounting
In terms of accounting development, railway companies started register cost information in accounts (Chandler, 1977 cited on Darius Gliaubicas (2012)) and also Chandler [1977, pp. 109-120] (cited on Robert Kaplan 1984) provides evidence of how U.S. railroads, in the 1860s and 1870s, developed accounting procedures to aid them in their extensive planning and control procedures.
Railroads handled a vastly greater number and dollar volume of transactions than had any previous business and, as a consequence, had to devise procedures to record and summarize an enormous number of cash transactions. These procedures also generated summary financial reports on the operations of the many sub-units within the large, geographically dispersed railroad companies. In addition to the financial summaries, the railroads developed a system of reporting operating statistics for evaluating and con-trolling the performance of their sub-units.