Accounting Essay代写范例:Management Account in the Fourth Industrial Revolution

发布时间:2022-05-24 13:12:09 论文编辑:zeqian1013

本文是留学生accounting essay代写范例,题目是“Management Account in the Fourth Industrial Revolution(第四次工业革命中的管理会计)”,管理会计一直被认为是重要的社会和经济系统的每个国家,涉及识别,测量和沟通准确和及时的信息,使管理者计划和作出决定。在没有任何法律或监管要求的情况下,管理者可以根据不同的情况自由选择自己的报告内容和形式,以追求各自的组织目标,主要是朝着增加股东财富的方向。

Management accounting has always been considered important to the social and economic system of every nation, concerning with the identification, measurement and communication of accurate and timely information which allows managers to plan and make decisions. Without any legal or regulatory requirements, managers are free to choose their own content and form of reporting to suit varying circumstances, with aim of pursuing respective organizational goals, primarily towards the direction of increasing shareholder wealth.

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As time progresses, our communities have developed into its current trend of mechanization and data exchange in manufacturing sectors, given the name “The Fourth Industrial Revolution” (4IR), building upon the previous Digital Revolution (, n.d.). 4IR, in particular, affects human relations, especially when technology breakthroughs in fields such as artificial intelligence, robotics and biotechnology has been rooting inside societies and reshaping our daily lives. The advancements enable easier connectivity between individuals online through communication technology (Marr, 2018). Without a doubt, the automating process has its initiative to provide a better and smarter life for people through advanced solutions. However, this also raises concerns for management accountants as it is arguable it would free them from the ordinary routine-processing tasks. With computerized systems, are these accountants still in need?


In the 21st century, all organizations aim at providing goods and services to different stakeholders thus they could attain goals. Rather than focusing on the originated slag and manual manufacturing processes (Skoulding, 2018), the combination of cyber-physical systems and the Internet of Things would leave accountants with more time to rearrange plans for budgetary controls and concentrate on value-adding factors for the good of the business. The Cloud System is arguably one of the most influential technology for the future, for the manufacturing sectors in particular; Organizations would see costs being largely cut since all information would now be stored on an online system and accountants could now access them at anytime, at anywhere. This has feasibly endorsed managers with the power to have a more thorough view of its business drivers through using technical and fundamental analysis, and in such way developing a better judgement on the factors which would bring a comparative advantage for their goods to edge out, e.g. better quality, lower prices etc. Technology seems to have switched the managers’ roles from being simple bookkeeping to strategic business partners, which may require them to think outside the box, instead of the routine and process-driven roles (Skoulding, 2018). Technologies and management accountants do stand a point to co-exist.

在21世纪,所有组织的目标都是为不同的利益相关者提供商品和服务,从而实现他们的目标。信息物理系统和物联网的结合将使会计人员有更多的时间重新安排预算控制计划,并将重点放在有利于业务的增值因素上,而不是专注于原始的渣和手工制造过程(Skoulding, 2018)。云系统可以说是未来最有影响力的技术之一,尤其是对制造业而言;各组织将看到成本大大降低,因为所有信息现在都存储在一个在线系统上,会计人员现在可以在任何时间、任何地点访问这些信息。这下支持有能力的管理者有更全面的业务驱动通过使用技术和基本分析,并以这样的方式开发一个更好的判断因素,将比较优势为商品优势,例如更好的质量、更低的价格等。技术似乎已经将管理者的角色从简单的簿记转变为战略业务伙伴,这可能需要他们跳出思维框架,而不是常规的和流程驱动的角色(Skoulding, 2018)。技术会计和管理会计确实是可以共存的。

Nevertheless, it is no secret that it would remain a challenge for them to co-exist. After all, the delivery of a whole brand new system and eliminating part of the incumbent workers would take time for people in the society to adapt. People with old thoughts are likely to cling to them (Edwards et al., 1968), for instance, customers may prefer part of their goods remain controlled and refuse to accept a whole new technology-made good; On the other hand, shareholders may have thoughts of a possible technology breakdown and the entire company’s operations would become a going concern and their investments are likely to be at risk. In other words, trust is a big issue to overcome as people do lack confidence in them and prefer to stick to their thoughts. With such barriers, the delivery of the technology systems may take longer and require excess resources to be effectively implemented. Besides, the switch of the accountants’ roles is likely to cause operational problems. Management accountants are used to complete the same repetitive and hectic tasks on a daily basis with the aim of increasing shareholder wealth, although this aim remains, however, switching themselves to strategic business partners in the aid of technology may not mean they would have performed such assignments as well as they previously had, and it might worsen organizational performances, affecting shareholder wealth in terms of dividends distributed at year end.


Next, new technologies are presumably to create more opportunities for the organization. With more developments, it is likely to stimulate the management and production teams to create products and services which would best suit their customers’ needs, aiming at creating organization value. In the technology industry, either as an incumbent firm or a new entry, management should always focus on creating distinctive products. Before such advancements, managers and production teams may only focus on designing products which would have the greatest marginal profit or the minimum costs. For example, a news agent may develop a simple news application to cope with the increasing usage of mobile phones, but what about an application which can give you news and entertainment at the same time, like the social media application Facebook? Other than solely focusing on creating value, the developers of Facebook also do care about value preservation and they constantly offer updates on the application through the Cloud System, via cheaper infrastructure and set up costs. This would attract different investors to the organization, either by buying shares through a stock exchange or posting advertisements on their application, and developers could constantly use this sum of money to improve the application and the Cloud System so as to increase firm and shareholder values.

其次,新技术可能会为组织创造更多的机会。随着更多的发展,它可能会刺激管理和生产团队创造最适合客户需求的产品和服务,旨在创造组织价值。在科技行业,无论是现有的公司还是新进入的公司,管理层都应该专注于创造独特的产品。在这种进步之前,经理和生产团队可能只专注于设计具有最大边际利润或最小成本的产品。例如,一个新闻代理可能会开发一个简单的新闻应用程序来应对移动电话的日益增长的使用,但如果是一个应用程序,可以同时提供新闻和娱乐,如社交媒体应用程序Facebook呢?除了专注于创造价值外,Facebook开发者也很关心价值的维护,他们通过云系统(Cloud System)不断提供应用的更新,通过更便宜的基础设施和设置成本。这将吸引不同的投资者进入组织,无论是通过股票交易所购买股票,还是在他们的应用程序上发布广告,开发人员可以不断地使用这笔钱来改进应用程序和云系统,从而增加公司和股东的价值。

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Arguably, using the lump sum to improve the Cloud System for the organization should be a benefit for the long run. With a more advanced computer system, it is more likely to have better processing power and greater capability to store data. Not only would this affect the organization to provide better services as a whole, but also the clients who are consistently being empowered by the data and technology could enjoy greater quality of products at more affordable prices, achieving a win-win basis. Whilst these systems are being constantly improved, however, it is quite a difficult thing to alter human’s ability to process data since our brains’ capacities are limited. With more data in place, there is a greater possibility that managers could easily get distracted, and massively impacting the way they do their jobs. As a result, faulty plans and decisions may be made in the long run and the efficiency gains from technologies may not be sufficient to cover us the resulted investment losses, decreasing shareholder wealth.


Last but not least, as one of the most influential technologies, the more advanced computerized systems from the Cloud can perform and upload real-time data to the database (Skoulding, 2018). As managers of middle-sized or large organizations, who are likely to have changing perspectives on objectives from time to time, real-time data can immediately point out any falling behind operations and customers can immediately react to the particular areas so as to mitigate those effects to a minimum. Apart from that, real-time data also includes competitors’ information in which managers may find useful when finding out its competitors are lowering prices or having completely different product lines. Managers could then immediately meet with the Board of Directors to draw up any temporary solutions so the firm wouldn’t be left behind in the industry and being forced out of the market, resulted from not complying with customer trends immediate enough.

None of 4IR would have been successful without the Cloud System. All software and hardware would collect data from the various production lines, departments and regions, and send the data to the central computer in which the management team can gain access to, which is a well-known fact to either external or internal sources. Precisely because of this, we cannot deny that security could be a major issue. First of all, strict securities policies should be in place as a caution effect. Without strict policies, the data managing team know that they aren’t going to be severely punished for any sorts of minor mistakes, in which this may have led to data leakages. In such way, they are more likely to treat their work more properly as they should have. Secondly, to prevent data from being hacked by competitors across the world, a line of security team should be implementing both the software and the hardware, at a 24-hour full controlling basis; To further protect the organization, data access should only be allowed to the top management and management accountants which have the power to influence worldwide operations.


In conclusion, we have examined the possible effects of what technology could have brought us during the 4IR and we have listed out the possible reasons of why technology couldn’t fully replace the management accountants, and they do stand a reason to co-exist. With the reasons listed above, in addition to some sorts of strong leadership from the managing directors, for example, have a deep understanding of how technologies could strategically with their respective businesses and look at the value propositions and have particular plans in place, together with the efforts from all stakeholders,we are confident that the existence of management accountants could lead to a better overall organizational performance during the new era, and could certainly achieve their main goal of increasing shareholder wealth.