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Chapter 5

The impact of information technology

Outcome

By the end of this session you should be able to:

 discuss the principal internal and external sources of management accounting
information, their costs and limitations

 highlight the ways in which (internal and external) factors influence
management accounting and its design and use

 assess the need for businesses to continually refine and develop their
management accounting and information systems

 discuss how IT developments, e.g. unified corporate databases, RFIDs and
network technology may influence management accounting systems

 discuss the integration of management accounting information within an overall
information system, for example the use of ERPSs

 explain how information systems provide instant access to previously
unavailable data that can be used for benchmarking and control purposes and
help improve performance (for example, through the use of ERPSs and data
warehouses)

 discuss the development of Big Data and its impact on performance
measurement and management, including the risks and challenges it presents

and answer questions relating to these areas.

The underpinning detail for this chapter in your Integrated Workbook can
be found in Chapter 5 of your Study Text

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