Posted: 26 Mar 2003. School of Management; Tampere University - School of Business Administration. I feel like I chose that solely because it’s an employable degree and can be used in several branches of business. All monetary transactions are recorded in the books of accounts on historical cost basis. I’m now working on an electrical engineering degree and really like it. But I like the idea of working with people and on big projects. I’d go with acct/is major in one and minor in the other. Accounting is very technical and you leave with a very solid skill set that can be applied to anything. Success of management accounting depends on sound financial accounting system of a concern. reichenden Komponenten in … Also, I’ve known people who majored in marketing, psychology, accounting, information systems, and other majors who crossed into SCM and were very successful. What’s your experience with any of these degrees? The results obtained indicate that financial departments have been more interested in traditional BoB systems, while other departments have concentrated more on ERP solutions. 1, 2003, Tampere University; Tampere University - School of Business Administration. Which one do you think is most employable? 12, No. Management accounting information includes some of the same reports as financial accounting, but the rules for measurement and reporting for management accounting need only meet your internal standards for accuracy and usefulness because these figures will usually only be reviewed and used by your own staff. What would you rather be doing in 20 years? In terms of a pros, it is broad and there is a ton to learn. The program aims to prepare specialists with higher education in accounting and management information systems, both the curriculum and the syllabus being designed to develop students' entrepreneurial spirit, and to ease their integration in the actual business environment after graduation. Especially more so in today’s market if you get heavy into the statistics and forecasting portion of it. The questionnaire addressed questions concerning IS implementation (why, how and by whom the IS project was introduced), management accounting function, and the use of advanced management accounting techniques. There is just so you can learn. Hello! while shareholders, creditors, and public regulators use publicly reported financial accountancy, information, only managers within the organization use the normally confidential management accounting information 12, No. This page was processed by aws-apollo5 in. It’s never boring, and you are always on your toes. All of these factors are why I’m having trouble deciding. To ascertain profit or loss of a concern on actual basis and to know financial position of a concern financial accounting is used. I’ve enjoyed the classes which was high importance to me. 12, No. Current SCM major here, and I’ll drop my two cents. Information system (IS) and management information system (MIS) both are a part of the information technology infrastructure required to run a company. 1, 2003. I have more of a “big picture” mind rather than focusing on small details (such as numbers in a balance sheet). Keywords: Accounting, Management Information Systems, Acco Environmental Scanning, Business Intelligence, Enterprise Appli Auditing Tools and Techniques * Corresponding author. I made decent money, but hated it all. The purpose of this study is to compare the use of enterprise resource planning (ERP) and best of breed (BoB) standalone systems in practice. Abstract. The classes were pretty difficult for me sometimes, as SCM can get complex with ERP systems, lots of data, and excel. We’ve also had grads speak in class that are working in scm for pretty reputable companies (rolls Royce, Cummins, Eli Lilly). No admissions questions, cheating, memes, or illegal behavior/piracy. I worked at two Fortune 500 companies and it was like this for both. Press question mark to learn the rest of the keyboard shortcuts. Also got a green belt in six sigma through the scm major which gives a little boost to your resume. Recognition, classification, recording of financial transactions on actual basis, and preparation of financial statement are the main functions of financial accounting. Every kid who is half-assing the business school is told to major in it by our counselors. I’ve done three internships that paid pretty well for an intern. Suggested Citation, Subscribe to this fee journal for more curated articles on this topic, Accounting Technology & Information Systems eJournal, We use cookies to help provide and enhance our service and tailor content.By continuing, you agree to the use of cookies. Data as obtained from financial accounting is the base of management accounting. European Accounting Review, Vol. No statutory requirement of audit for reports prepared by management accountants. At my school, supply chain management is the new communications degree. I’ve had a job lined up so haven’t tried to market my degree, but my classmates in scm have seemed to have an easy time getting internships and job offers. Which would you recommend to a sophomore business student? I believe all of those fields are good, but you must also take the steps to succeed in the major by maintaining a high GPA and getting relevant internships. See all articles by Timo Hyvonen Timo Hyvonen . In my University, SCM is a major not selected by many. I would agree with some of the answers already given but would like to put in my two cents worth. AFAIK, accounting/supply/information are all very different. Keywords: management accounting, ERP, accounting information systems, accounting practices, survey, modern cost management, Suggested Citation: The reports are prepared as and when required by management of the concern. Current SCM major here, and I’ll drop my two cents. To learn more, visit our Cookies page. 1, 2003, Available at SSRN: If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday. Accounting degree can get you a job in pretty much any area of business if you want to switch at some point in your career. Financial statements of a concern are prepared at the end of every accounting period. Collection of data from financial accounting, provision of necessary information to the management for planning, decision-making, and evaluation are the main functions of management accounting. This page was processed by aws-apollo5 in 0.104 seconds, Using the URL or DOI link below will ensure access to this page indefinitely. Otherwise, there were no statistically significant differences between the groups of BoB or ERP adopters, and the problems perceived in management accounting or the adoption of advanced management accounting techniques (e.g. Financial reports are exclusively used by the management only. 2 years ago. SC was always at the bottom of the totem pole.
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