Developing monthly management reporting: root cause analysis of reporting problems at Nuclear Services

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dc.contributor Aalto University en
dc.contributor Aalto-yliopisto fi
dc.contributor.advisor Malmi, Teemu Manninen, Otso 2019-01-04T17:01:55Z 2019-01-04T17:01:55Z 2018
dc.description.abstract Nuclear Services, a business area focusing on the sales of nuclear power related products and services at the Finnish energy company Fortum, has been struggling with errors in its monthly reports. The errors have rendered the reports unreliable, decreasing their value for management use. This thesis analyzes the underlying reasons for the reporting problems, providing suggestions for eliminating them and developing the reporting towards a direction that better supports the business goals of the unit. Reporting is an important management tool for decision support and control. In this study, Man-agement Information System and Management Control System concepts are utilized to analyze the decision support and control aspects of reporting, respectively. Management Control Systems are discussed using the Management Control System package typology of Malmi and Brown (2008). Additionally, suggestions for the implementation will be drawn from the management accounting change literature. This thesis follows the root cause methodology for problem understanding and suggestions for eliminating the root causes. Flow chart analysis and interviews of Nuclear Services project managers and management are conducted for understanding the situation in the unit. Further perspective to the problem is sought with external benchmarking interviews at three reference organizations, conducting project-based business similarly to Nuclear Services. Once the problem has been charted, fault tree analysis is used to find the root causes. Management Control Systems are utilized to conceptualize the suggested controls for root cause elimination. The fault tree analysis indicates three dominant efficiently solvable employee behavior related root causes: unclear reporting process and responsibilities, lack of clear instructions, and that systematic reporting is not expected. The root causes are suggested to be solved using three Management Control Systems, two administrative controls and one cybernetic control. A concrete description of, how the three suggested Management Control Systems could be implemented in Nuclear Services, is also provided along with suggestions for further reporting development in the unit. Related to the management accounting change, a possible gatekeeper role is identified in the re-porting practice implementation process. Additionally, the findings of this thesis suggest that simultaneous dual-purpose utilization of reporting as a Management Information System and a Management Control System could be possible, although no proof for the claim is received. Current management accounting literature is limited regarding reporting practice and reporting problem solving. This thesis illustrates, how the root cause methodology can be applied to reporting problem solving. en
dc.format.extent 89 + 9
dc.format.mimetype application/pdf en
dc.language.iso en en
dc.title Developing monthly management reporting: root cause analysis of reporting problems at Nuclear Services en
dc.type G2 Pro gradu, diplomityö fi Kauppakorkeakoulu fi School of Business en
dc.contributor.department Laskentatoimen laitos fi
dc.subject.keyword Management Information System en
dc.subject.keyword Management Control System en
dc.subject.keyword Management Accounting System en
dc.subject.keyword management accounting change en
dc.subject.keyword reporting change en
dc.subject.keyword reporting problems en
dc.subject.keyword root cause analysis en
dc.subject.keyword fault tree analysis en
dc.identifier.urn URN:NBN:fi:aalto-201901041028
dc.type.ontasot Master's thesis en
dc.type.ontasot Maisterin opinnäyte fi
dc.programme Accounting en
dc.subject.helecon MIS
dc.location P1 I fi
local.aalto.electroniconly yes
local.aalto.openaccess yes

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