ACC3SMA - Strategic & Legacy Management Accounting Practices, Budgeting, Pricing, And Performance, Digital Economy, Control Systems - Accounting Assignment Help

Assignment Task -                 
 

REQUIREMENTS 
Please read the following article, which is available on the ACC3SMA LMS site under the "Assessment" resource folder:  Moll, J. and Yigitbasioglu, O. (2019). The role of internet-related technologies in shaping the work of accountants: New directions for accounting research. The British Accounting Review,  51, 1-20. In this article, the authors reviewed the accounting literature that focuses on four Internet-related technologies that have the potential to dramatically change and disrupt the work of accountants and accounting researchers in the near future. These include cloud, big data, blockchain, and artificial intelligence (AI). They discuss how these technologies affect the everyday work of accountants. There is a "need to understand new kinds of accounting required to manage firms in ACC3SMA TERM 1, 2021 INDIVIDUAL ASSIGNMENT the changing digital economy and to determine the new skills and competencies accountants may need to master to remain relevant and add value". 
 

QUESTION 1 
How do cloud-based accounting systems affect legacy management accounting practices such as budgeting, pricing, and performance measurement? Discuss. 
QUESTION 2 
How do management accountants get value from, and measure the value of big data for decision making? Discuss. 
QUESTION 3 
With more internal and external data available, what new control systems does big data afford? Discuss.  
QUESTION 4 
What new opportunities does blockchain provide to management accountants, e.g. for planning and control? Discuss. 

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