Section outline

    • Types of information needed for stakeholder decision-making File

      (a) The role of management accountants in influencing stakeholder decision-making

      • Balancing stakeholder requirements and information delivery

      • Differing levels of information in the organization

      • Importance of linking information to strategy

      • Roles of the management accountant (

      b) Upgrading or replacing information systems

      • The stimulus for a new or updated system

      • Making a preliminary assessment

      • Pitfalls in evaluating major information needs

      • Analyzing new and existing information systems

      • Evaluating a suggested information solution

    • Take home assignment Three File

      Instructions:

      • Presentations:

        • Group 1: Will present on 25th October.
        • Group 2: Will present on 29th October.
        • Group 3: Will present on 1st November (During class hours).

      • Submission Deadline:

        • The complete assignment must be submitted by 8th November 2024 at 6:00 PM.

      •  Guidelines:

        • The assignment should be a maximum of four pages.
        • Use Times New Roman font, size 12, with 1.5 spacing.
    • Presentation Guidelines for Group A Lesson
      Presentation Guidelines for Group A Time (Minutes)
      Introduction of Members 5
      2. Section I: The Role of Management Accountants in Influencing Stakeholder Decision-Making  
      a. Key Information Provided by Management Accountants 5
      b. Influence on Strategic and Operational Decision-Making 4
      c. Case Study: Data-Driven Insights in Decision-Making 5
      d. Ethical Responsibilities of Management Accountants 4
      Q&A and Responses for Section I 6
      3. Section II: Pitfalls in Evaluating Major Information Needs  
      a. Common Challenges in Identifying Information Needs 5
      b. Role of Management Accountants in Avoiding Misalignment 5
      c. Impact of Biases and Assumptions on Information Accuracy 5
      d. Real-World Examples of Misinformation and Suboptimal Decisions 3
      Q&A and Responses for Section II 8
      4. Closing Remarks and Summary 5
      Total 60 Minutes
    • Question Two: Balancing Stakeholder Requirements and Information Delivery Lesson

      Presentation Structure

      Section

      Time Allocated

      1. Introduction

      3 minutes

       

      2. Information Levels in Organizations

      3 minutes

       

      3. Impact of Information on Decision-Making at Various Levels

      6 minutes

       

      4. Balancing Stakeholder Needs Through Information

      6 minutes

       

      5. Role of Management Accountants in Aligning Information with Strategic Objectives

      7 minutes

       

      6. Consequences of Misaligned Information Systems

      5 minutes

       

      7. Mitigation Strategies by Management Accountants

      5 minutes

       

      8. Conclusion and Q&A

      5 minutes

       

       

      Key Questions:

            i.         Analyze how different levels of information (strategic, tactical, operational) affect decision-making at various levels of an organization. Discuss how each of these information types is critical for balancing the needs of different stakeholders. (15 marks)

           ii.         How can management accountants help ensure that information delivery is aligned with an organization’s strategic objectives? Discuss the potential consequences of failing to link information systems with strategic goals, and the ways management accountants can mitigate these issues.                                                                                         (15 marks)

    • Question 3: Information System—Upgrading or replacing information systems Lesson

      Description

      Time Allocated

      1.     Briefly introduce the topic, purpose, and importance of information system upgrades or replacements in today’s organizations.

      3 minutes

      2.     Identify and explain the primary internal and external factors that push organizations toward upgrading or replacing their information systems.

      10 minutes

      3.     Explain external pressures

      4 minutes

      4.     Overview of the steps involved in assessing both new and existing information systems as a preliminary evaluation.

      5 minutes

      5.     Approaches for evaluating a new system or upgrade; organizational, stakeholder needs, ROI, and scalability.

      10 minutes

      6.     Explain how to analyze current processes and requirements to determine compatibility and future needs.

      3 minutes

      7.     Highlight the importance of identifying and prioritizing the needs of key stakeholders in the evaluation.

      3 minutes

      8.     Discuss the evaluation of expected returns, scalability, and adaptability to future needs.

      4 minutes

      9.     Present a brief case example or real-life scenario of an organization’s decision-making process for an information system upgrade or replacement.

      7 minutes

      10.  Q& A

      5 minutes

       

      Assignment Questions

            I.         Evaluate the factors that drive an organization to upgrade or replace its information systems. What are the internal and external stimuli that typically necessitate such changes?                                                                                                           (15 marks)

          II.         Discuss the process of conducting a preliminary assessment of both new and existing information systems. How would you approach the evaluation of a proposed solution, considering the needs of the organization and its stakeholders?                      (15 marks)