Posted: March 23rd, 2023
Managing in a global, digital society requires accountants to pay close attention to information. One of the
reasons accountants have to pay close attention to information is because management will use the
information presented by accountants for making crucial decisions. Finally, accountants must have the correct
skills to perform this and other key functions.
Required Readings (see classroom)
Management Misinformation Systems (Russell L. Ackoff)
CPA Horizons 20225 Report (AICPA)
Part I (Information Management Today): Roughly 50 years ago, Russell Ackoff wrote about the importance,
or lack of importance, of information that management needs in “Ackoff’s Management Information System”
(see attachment). After reading the article, you will analyze how each assumption applies or does not apply to
our society today. Treat each assumption separately in your analysis. As part of your response, provide a
specific example for each assumption.
Part II (Information Management Revisited): After reading the Ackoff article, you will revise each of 5
assumptions to reflect a global, digital society. You will provide a summary (at least four sentences) that
describe each revised assumption in detail and how they reflect our global, digital society.
Part III (Framework for Information Management): You will review the CPA Horizon Report (see
attachment). After reviewing the report, you will describe how the CPA Horizon Report will help accountants to
provide their managers with the right information at the right time in the right format. You will identify and
describe three key skills that are not listed in the report that will allow accountants to produce the right
information for their managers and their users. One of the skills you propose must be one that addresses
the advances in technology. Finally, you will explain how your degree from UMUC and this class will help you
to ‘embrace the future’ as noted in the report
Page Length: Your response should not exceed eight pages (double-spaced) or four pages (single-spaced).
Note that cover page, reference page, and appendix, if provided are excluded from the page count.
References: You will need to include at least four literary references (one reference must be from the
readings in our class) and at least two in-text citations to support your paper. These references must be
related directly to the topics covered in the paper. References & citations must be properly formatted as
Headings: You will need to use headings (short, brief, and centered) to separate each area of your paper. Your
headings should have an appropriate title such as Information Management Today instead of Part I.
Margins & Font Sizes: Use standard margins (minimum .5″; maximum 1.5″) and standard font size (minimum
10 point; maximum 12 point) in your paper.
Writing Style: APA is the preferred writing style, but you can choose any appropriate writing style (e.g. MLA),
except that all references are to be formatted via APA. Please consult the UMUC Effective Writing Center
(http://www.umuc.edu/writingcenter/index.cfm) for assistance regarding the choice of styles and formatting of
references via APA.
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