Issues in Managerial Accounting Research Paper

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managerial accounting issues for MasterCard Worldwide. MasterCard is a multinational financial services corporation headquartered in Purchase, New York. Originally founded in 1966 as the Interbank Card Association, the company currently serves more than 24,000 financial institutions and other entities in more than 210 countries and territories. With 5,600 employees, the company's mission is promoting new, safer, and more convenient ways to pay, and accelerating the displacement of cash and checks. MasterCard's 2010 revenue was U.S.$5.539 billion, with net income of U.S.$1.846 billion.

According to their website, MasterCard's worldwide network processes more than 23 billion transactions per year. The network has the capacity to handle more than 160 million transactions per hour, with an average network response time of 130 milliseconds and a 99.9% reliability rate. MasterCard's global telecommunications network, known as Banknet, links all MasterCard issuers, acquirers, and data processing centers into a single financial network with its operations hub located in St. Louis, Missouri. Unlike Visa's star-based network where all the network endpoints terminate at one of several main data centers, MasterCard's network lets transactions travel a meshed network directly to other endpoints, without the need to go through a single central point.

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This configuration allows MasterCard's network to be more resilient, with less downtime. MasterCard completed a major upgrade of its state-of-the-art network in 2001 to further enhance its ability to process transactions safely, securely, and instantly the world over.

One of the services that MasterCard offers is constant monitoring of systems and networks of their customers from its St. Louis-based Operations Command Center. When a customer experiences a network crisis or system interruption, MasterCard can stand-in for a customer network to ensure uninterrupted cardholder services. Management accounting allows for cost records to be maintained for each transaction for each financial institution and lets MasterCard optimally price such services.

The MasterCard Technologies Data Center contains 124 miles of copper infrastructure, 201 miles of fiber infrastructure, and 3.1 petabytes of available….....

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