While some accountants have described modern management accounting tools and technology as laudable innovations essential for the survival of any organisation in a global competitive business environment (see Johnson, 1994; Hoque and Alam, 1999), others have argued that some of the so called modern management accounting tools and technology are just ‘old wine in new bottles’ (see ezzamel, 1994; Norreklit, 2003).

Required:

Critically examine the above statements by analyzing the argument for and against the development and implementation of modern management accounting tools and technology (i.e. Transfer Pricing, Balanced Scorecard) and evaluating the role of the management accountant therein.

–> No need to include introduction and conclusion. Please help to analyze these two accounting techniques under the format:

Transfer Pricing

Brief description (100 words)

For arguments (200 words)

Against arguments (200 words)

Balanced Scorecard

Brieft decription (100 words)

For arguments (200 words)

Against arguments (200 words)