Managerial and Cost Accounting

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Assignment Managerial and Cost Accounting Due to the dynamic nature of business around the world, the possession of accurate accounting information becomes vital, especially in circumstances of intense global competition, scarce resources, accelerating technological changes, and the existence of new concerns for business managers, such as greater transparency and accountability. In light of these developments and the complex nature of business environment management accounting practices (MAPs) have gotten massive attention as being the tool to satisfy managers’ needs in the whole process of management accounting in making the right decisions on time to maximise revenue and to minimise costs to secure and maintain their successful business. Consequently, over the last decades several new models of MAPs have emerged, such as activity based costing; target costing, benchmarking and value chain analysis offering major opportunities to satisfy managers’ needs in the whole process of planning, controlling, decision making, and performance evaluation in MAPs. Based on the above mentioned facts you need to: 1. Explore the state of MAPs in Saudi organizations in general, and the state and extent of using modern management accounting techniques in particular in making the right decisions. 2. Explore and examine the factors that may influence MAPs in Saudi organizations. 3. Compare management accounting practices/techniques and the factors that influence the use of these practices/techniques across different sectors of Saudi organizations. Your assignment should not exceed a 2500 word article and should be word processed using MS-Word (preferably). Your assignment should have a cover page, and contain your full name, university ID number and your selected organization

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