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31). In the manufacturing sector, the traditional managerial cost accounting reporting system is still used but as many managers are ready to adopt the advanced manufacturing strategies and technologies, the managers object to the inclusion of cost accounting system as the only decision criterion in manufacturing (Hutchinson, 2007, p. 32).
The managerial cost accounting reporting system should also involve the activity of performance measurement that provide an impressive influence on the performance and motivation of the workers. Furthermore, it also provides extra information for the managers to take proper decisions that may help in achieving the pre-determined organizational goals to achieve future prospects and profits (Maskell, Baggaley, 2001, p. 25).
Other major management reporting systems include decision support systems, executive information systems and expert systems. It is necessary to involve value creation along with cost accounting reports so that the management may achieve enough information for taking sound decisions that will lead the company towards the pre-determined goals. A common control framework for cost accounting system, value creation system, executive information system and expert system with...
Management Accounting in the Digital Economy, Oxford University Press: Oxford.
Brian, Maskell H; Bruce, Baggaley L., 2001. Future of Management Accounting in the 21st Century, Journal of Cost Management, 15(5), pp: 24-32.
Dale, Geiger R., 1995. The Emerging Need for Managerial Cost Accounting, The Government Accountants Journal 44(3), pp: 46-53.
George, Joseph., 2006. Understanding Management Accounting Techniques in the Context of Organizational Change, Management Accounting Quarterly 7(4), pp: 24-32.
James, Williams., 1985. Job Order Cost Accounting Information Systems, Journal of Small Business Management 23(2), pp: 17-26.
Polemni., 2008. "How Cost Accounting can play effective role to achieve predetermined objectives of the company," Available at:
http://www.scribd.com/doc/3995462/Cost-Accounting [Accessed 8 July 2010].
Robert, Hutchinson., 2007. Linking Manufacturing Strategy to Product Cost: toward Time-based Accounting, Management Accounting…
References
Alnoor, Bhimani., 2003. Management Accounting in the Digital Economy, Oxford University Press: Oxford.
Brian, Maskell H; Bruce, Baggaley L., 2001. Future of Management Accounting in the 21st Century, Journal of Cost Management, 15(5), pp: 24-32.
Dale, Geiger R., 1995. The Emerging Need for Managerial Cost Accounting, The Government Accountants Journal 44(3), pp: 46-53.
George, Joseph., 2006. Understanding Management Accounting Techniques in the Context of Organizational Change, Management Accounting Quarterly 7(4), pp: 24-32.
http://www.scribd.com/doc/3995462/Cost-Accounting [Accessed 8 July 2010].
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