Contemporary Management Accounting System Essay

Contemporary Management Accounting System - Essay Example Hopwood (1976), in his book ‘Accounting and Human Behaviour† had stated that, â€Å"Accountants and other members of the management team searching for means of understanding and improving standard setting and budgeting; must therefore see the process in its entirety and respond to it as a complex human and technical problem rather than one standing in technical isolation.† This implies that there has been a paradigm shift in the principles and practices of management accounting. Management accounting no longer comprises of only the technical aspect of accounting, but also the multifaceted management aspect of the business on the whole. The area of management accounting has undergone considerable changes during the past years. One of the major factors that had influenced the modifications in the management accounting practices have been the dynamically competitive and swiftly altering organizational environment that is prevalent today. Additionally, the present day business settings comprise of ongoing reformation in the working atmosphere, as well as continuing progress in the financial information arrangements. With the advent of new information system practices and the development of the Enterprise Resource Planning (ERP) systems, there has been a vast change in the management as well as financial accounting practices of modern day organizations. ... Hence, the role of management accounting professional were considerably influenced by the inclusion of various information systems as well as by the use of superior and efficient reporting tools (Roussoulis, 2007). Consequently, it can be stated that owing to these diverse changes in organizations leading to the emergence of modern contemporary organizations, the responsibilities of management accountants has been varying throughout the previous couple of decades. The modern accounting literature has constantly emphasised that there is a strong requirement for management accountants to diverge and deviate from the conventional bookkeeping role, to a more active role, that offers dynamic support to the organization’s management and comprises of rising involvement in business decision-making (Kaplan, 1995; Granlund & Lukka, 1997; Granlund & Lukka, 1998; Jarvenpaa, 2001). Furthermore, it has also been mentioned that the management accountants in the contemporary organizations are endowed with more responsibilities other than the routine categories of accounting tasks (Roussoulis, 2007). Under the prevalent business conditions, the management accountants of contemporary organizations are supposed to act like business partners for the management of the organization in addition to being change agents for the organization (Anthony & Govindarajan, 2007). The Concept of Management Accounting Management Accounting is one of the fundamental segments of the core management role of an organization. The management accounting practices comprises of the recognition, assessment, accretion, scrutiny, research, interpretation and correspondence of information that are required by the

Simulation Based Learning in Nursing Essay Example | Topics and Well Written Essays - 500 words

Simulation Based Learning in Nursing - Essay Example Simulation is a new technology wherein you can practice your skills and knowledge on a simulated set up similar to the actual set up such as an operating room. Using a life size mannequin the training will be done base on the actual situation. The purpose of this study is to be able to compare the pre and post patient outcome training using the simulation as well as give pre and post test to the groups on training. The crisis team training may include healthcare professionals who are usually involve in crisis management. Nurses play an important role in crisis management. Technology is now the key factor in order to have an effective crisis management. Below is my proposal of how the training will undergo using simulation. Clinical simulation in crisis management training allows trainees to learn more than just clinical skills. Through role playing during crisis scenarios and detailed debriefing sessions, trainees can discover and gain useful insights into the various errors contributing to the initiation and evolution of a medical crisis. They can also learn other skills that are essential in managing a medical crisis, such as resource utilization, communication skills, teamwork, and leadership skills. David Kolb's Experiential Learning: Experience as the source of learning and development (1984) theorized that four combinations of perceiving and processing determine four learning styles that make up a learning cycle.