You are to critically evaluate the literature (using journal articles) to analyze the practical use of MAS
Question:
You are to critically evaluate the literature (using journal articles) to analyze the practical use of MAS by contemporary companies, in terms of their relevance to the real-life companies’ decision-making by managers and achievement of business goals.
Assignment Task: You are required to conduct a literature search and critically review a specific MAS in this assignment.
Part A
Choose ONE of the MAS studied in this unit from the list below, and answer the questions that follow: • Budgeting System OR • Standard Costing System
Questions: 1. Briefly discuss the features of your chosen MAS.
2. Discuss the potential benefits of your chosen MAS.
3. List 4 specific examples of the type of information your chosen MAS can provide to assist managers make decisions.
4. Identify 1 specific Australian organization that your chosen MAS is suited for and explain why.
Part B
Choose one peer-reviewed journal article (from any country) on the: Use of your chosen MAS in a real-life organization (i.e. a case-based empirical study). The article should be published between 2000 – 2020. Choose your article only after you have accessed and reviewed several relevant articles, and then choose the best article that will answer the questions below.
Questions: 1. Based on your chosen journal article, briefly summarize how the MAS was designed and implemented in the real-life organization.
2. Based on your chosen journal article, did the MAS in the study satisfy the features discussed in Part A (Q1 and Q2)? Why or why not? Include examples in your answer from your journal article.
3. Based on your chosen journal article, how useful was the accounting information to the internal users in the organization? Discuss with examples from your journal article.
4. Based on your literature findings, state two key lessons that would inform contemporary organizations about the practical use of your chosen MAS.
Expert Answer:
Answer Part A 1 Activity based costing 2 ALS Limited and RMS Company 3 Better allocation of cost and better decision making Part B 1 Article based on agriculturefarming 2 Based on chosen article the c... View the full answer
