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HI5017 T2 2020 Managerial Accounting

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Assessment Details and Submission Guidelines

Trimester                          T2 2020

Unit Code                         HI5017

Unit Title                           Managerial Accounting

Assessment Type            Assignment

Assessment Title             Individual Assignment

HI5017 Managerial accounting
HI5017 Managerial accounting

Purpose of the assessment (with ULO Mapping)

Students  are  required  to  develop  their  understanding  of  the  purpose  and  use  of management  accounting  systems,  especially  costing  systems  and  its  usefulness  in aiding managers make informed decisions. You are to critically evaluate the literature (using  journal  articles)  to  analyse  the  practical  use  of  management  accounting systems  by  contemporary  companies,  in  terms  of  their  relevance  to  the  real-life companies’ decision-making by managers and achievement of business goals (ULO 1,

3 & 4)

Weight                              30% of the total assessments

Total Marks                      30

Word limit                        Not more than 3,000 words. Please use “word count” and include in assignment.

Due Date                           Week 9 Thursday at 11.59 p.m.

Submission

Guidelines

•  All work must be submitted on Blackboard by the due date along with a completed

Assignment Cover Page.

•  The assignment must be in MS Word format, no spacing, 12-pt Arial font and 2 cm margins on all four sides of your page with appropriate section headings and page numbers.

•  Reference sources must be cited in the text of the report, and listed appropriately at the end in a reference list using Harvard referencing style.

•  It is the responsibility of the student who is submitting the work, to ensure that the work is in fact her/his own work. Incorporating another’s work or ideas into one’s own work without appropriate acknowledgement is an academic offence. Students should submit all assignments for plagiarism checking on Blackboard before final submission in the subject. For further details, please refer to the Unit Outline and Student Handbook.

Purpose:

Individual Assignment Specifications

This assignment aims at developing your understanding of the purpose and use of management accounting systems, in particular costing systems, and its usefulness in aiding managers make informed decisions. You are to  critically  evaluate  the  literature  (using  journal  articles)  to  analyse  the  practical  use  of  management accounting  systems  by  contemporary  companies,  in  terms  of  their  relevance  to  the  real-life  companies’ decision-making by managers and achievement of business goals.

Assignment Task: You are required to conduct a literature search and critically review a costing system in this assignment.

Part A

Choose ONE of the costing systems studied in this unit from the list below, and answer the questions that follow:

• Job Costing

• Process Costing

• Operation Costing (Hybrid Costing)

•  Activity-based Costing (ABC)

Questions:

1. Briefly discuss the features of your chosen costing system. (3 marks)

2. Identify 2 specific Australian organisations that your chosen costing system is suitable to, and explain why. (3 marks)

3. Discuss the potential uses of the cost information for decision-making, to the managers in each of the 2 organisations selected in Q2 above. (3 marks)

Part B

Choose one peer reviewed journal article (from any country) on the: Use of your chosen costing system in a real-life organisation (i.e. a case-based empirical study). The article should be published between 2005 –

2020. Choose your article only after you have accessed and reviewed several relevant articles, and then choose the best article that will answer the questions below.

Questions:

1. Based on your chosen costing article, briefly summarise how the costing system was designed and implemented in your real-life organisation. (3 marks)

2. Based on your chosen costing article, did the costing system in the study satisfy the features discussed in

Part A (Q1)? Why or why not? Include examples in your answer from your costing article.  (5 marks)

3.  Based on  your  chosen  costing  article,  how  useful was  the cost  information to  the  internal  users  in  the organisation? Discuss with examples from your costing article. (5 marks)

4. Based on your literature  findings, state  two  key  lessons that  would inform  contemporary organisations about the practical use of your chosen costing system. (5 marks)

Additional Information:

a) You are encouraged to choose the journal article from the following Accounting and Management

Accounting Journals:

Accounting, Auditing and Accountability Journal;

Journal of Management Accounting Research

Journal of Applied Management Accounting Research

b) You can access these journals in ProQuest Database by clicking on the above links. Log in details for ProQuest are – Username: Holmes2004; Password: Holmes. These journals can also be accessed via the ProQuest Database link available via the Student Login page in the Holmes website. You can also use Google Scholar. Don’t use Google.

c) Your chosen journal article must be uploaded (as a separate PDF file) together with your assignment (as a

MS WORD file format) in Blackboard under the folder <Individual Assignment>.

5 marks will be deducted if you do not submit the journal article with your assignment.

Assignment Structure:

The  report should include the following components:

a.    Assignment cover page clearly stating your name and student number b.    Abstract (one paragraph)

c.    Table of contents

d.    A brief introduction or overview of what the report is about. e.    Body of the assignment with appropriate section headings

f.     Conclusion

g.    List of References.

Academic Integrity

Holmes Institute is committed to ensuring and upholding Academic Integrity, as Academic Integrity is integral to maintaining academic quality and the reputation of Holmes’ graduates. Accordingly, all assessment tasks need to comply with academic integrity guidelines.  Table 1 identifies the six categories of Academic Integrity breaches.  If you have any questions about Academic Integrity issues related to your assessment tasks, please consult  your  lecturer  or  tutor  for  relevant  referencing  guidelines  and  support  resources.   Many  of  these resources can also be found through the Study Sills link on Blackboard.

Academic Integrity breaches are a serious offence punishable by penalties that may range from deduction of marks, failure of the assessment task or unit involved, suspension of course enrolment, or cancellation of course enrolment.

Table 1: Six categories of Academic Integrity breaches

Plagiarism                                Reproducing the work of someone else without attribution. When a student submits their own work on multiple occasions this is known as self-plagiarism.

Collusion                                  Working with one or more other individuals to complete an assignment, in a way that is not authorised.

Copying                                    Reproducing and submitting the work of another student, with or without their knowledge. If a student fails to take reasonable precautions to prevent their own original work from being copied, this may also be considered an offence.

Impersonation                       Falsely presenting oneself, or engaging someone else to present as oneself, in an in-person examination.

Contract cheating                  Contracting a third party to complete an assessment task, generally in exchange for money or other manner of payment.

Data fabrication and falsification

Manipulating or inventing data with the intent of supporting false conclusions, including manipulating images.

Source: INQAAHE, 2020

Marking Criteria

Part A

Marking Criteria                                                                   Weighting

1. Briefly discuss the features of your chosen costing system.                                                                     3%

2. Identify 2 specific Australian organisations that your chosen costing system is                                   3%

suitable to, and explain why.

3. Discuss the potential uses of the cost information for decision-making, to the                    3%

managers in each of the 2 organisations selected in Q2 above.

Part B

1. Based on your chosen costing article, briefly summarise how the costing system was                      3%

designed and implemented in your real-life organisation.

2. Based on your chosen costing article, did the costing system in the study satisfy the                        5%

features discussed in Part A (Q1)? Why or why not? Include examples in your answer from your costing article.

3. Based on your chosen costing article, how useful was the cost information to the                            5%

internal users in the organisation? Discuss with examples from your costing article.

4. Based on your literature findings, state two key lessons that would inform                                        5%

contemporary organisations about the practical use of your chosen costing system.

Overall Presentation of Assignment                                                                                                  3%

TOTAL Weight                                                                                                                                       30%

       Marking Rubric

Excellent                Very Good                    Good                   Satisfactory          Unsatisfactory

Part A

Briefly discuss the features of your chosen costing system. (3 marks)

(2.1 – 3 marks) Present an excellent discussion of the features of your chosen costing system.

(1.9 – 2 marks) Present a very good discussion of the features of your chosen costing system.

(1.6 – 1.8 marks) Present a good discussion of the features of your chosen costing system.

(1.1 – 1.5marks) Present a reasonable discussion of

the features of your chosen costing system.

(0 – 1 marks) Unable to explain the features of your chosen costing system.

Identify 2 specific Australian organisations that your chosen costing system is suitable to, and explain why. (3 marks)

(2.1 – 3 marks)

2 specific Australian organisations identified that are suited to your chosen costing system with clear, concise compelling explanation to justify it.

(1.9 – 2 marks)

2 specific Australian organisations identified that are suited to your chosen costing system with very good explanation to justify it.

(1.6 – 1.8 marks)

2 specific Australian organisations identified that

are suited to your chosen costing system with good explanation to justify it.

(1.1 – 1.5marks)

2 specific Australian organisations identified that are suited to your chosen costing system with adequate explanation to justify it.

(0 – 1 marks) Unable to identify 2 specific Australian organisations that are suited to your chosen costing system and to justify it.

Discuss the potential uses of the cost information for

decision-making, to the

managers in each of the 2 organisations selected in Q2 above. (3 marks)

Part B

Based on your chosen costing article, briefly summarise how the costing system was designed and implemented in your real- life organisation.

(3 marks)

(2.1 – 3 marks) Clear, concise, compelling discussion of the potential uses of the cost information for decision-

making, to the managers in each of the 2 organisations selected

(2.1 – 3 marks) Present an excellent discussion of how the costing system was designed and implemented in your real-life organisation based on your costing article.

(1.9 – 2 marks) A very good discussion of the potential uses of the cost information for decision-

making, to the managers in each of the 2 organisations selected

(1.9 – 2 marks) Present a very good discussion of how the costing system was designed and implemented in your real-life organisation based on your costing article.

(1.6 – 1.8 marks)

A good discussion of the potential uses of the cost information for decision- making, to the managers in each of the 2 organisations selected

(1.6 – 1.8 marks) Present a good discussion of how the costing

system was designed and implemented in your real-life organisation based on your costing article.

(1.1 – 1.5marks) Adequate discussion of

the potential

uses of the cost information for decision-

making, to the managers in each of the 2 organisations selected

(1.1 – 1.5marks) Present a reasonable discussion of how the costing system was designed and implemented in your real-life organisation based on your costing article.

(0 – 1 marks) Unable to present a proper discussion of the potential uses of the cost information for decision-

making, to the managers in each of the 2 organisations selected, or confusing.

(0 – 1 marks) Unable to explain how the costing system was designed and implemented in your real-life organisation based on your costing article, or confusing.

Based on your chosen costing article, did the costing system in the study satisfy the features discussed in Part A (Q1)? Why or why not? Include examples in your answer from your costing article. (5 marks)

Based on your chosen costing article, how useful was the cost information to the internal users in

the organisation? Discuss with examples from your costing article.  (5 marks)

(4.1 – 5 marks) Clear, concise, compelling discussion on whether the costing system in the study satisfy the features discussed in

Part A (Q1) with examples provided from your costing article.

(4.1 – 5 marks) Present an excellent discussion of how useful the cost information was to the internal users in

(3.6 – 4 marks) Present a very good discussion on whether the costing system in the study satisfy the features discussed in

Part A (Q1) with examples provided from your costing article.

(3.6 – 4 marks) Present a very good discussion of how useful the cost information was to the internal users in the

(3.1 – 3.5 marks) Present a good discussion

on whether the costing system in the study satisfy the features discussed in Part A (Q1) with examples provided from your costing article.

(3.1 – 3.5 marks) Present a good discussion of how useful the cost information was to the internal users in the organisation with

(2.1 – 3 marks) Present a reasonable discussion on whether the costing system in the study satisfy the features discussed in

Part A (Q1) with examples provided from your costing article.

(2.1 – 3 marks) Present a reasonable discussion of how useful the cost information was to the internal users in

(0 – 2 marks) Unable to explain whether the costing system in the study satisfy the features discussed in

Part A (Q1) with lack of examples provided from your costing article, or confusing,

(0 – 2 marks) Unable to explain how useful the cost information was to the internal users in the organisation

Based on your literature findings, state two key lessons that would inform contemporary organisations about the practical use of your chosen costing system. (5 marks)

Overall Presentation

(3 marks)

the organisation with examples from your costing article. (4.1 – 5 marks) Clear, concise, compelling two key lessons that would inform contemporary organisations about the practical use of your chosen

costing system.

(2.1 – 3 marks) Include all elements and is very well presented. Writing flows clearly and sections are linked very effectively. Referencing is exemplary. English is used very effectively and error-free.

organisation with examples from your costing article. (3.6 – 4 marks)

A very good two

key lessons that would inform contemporary organisations about the practical use of your chosen costing system

(1.9 – 2 marks) Include all elements and is well presented. Writing flows clearly and sections are linked effectively. Referencing is

of a high standard. English is used effectively with very few errors present.

examples from your costing article.

(3.1 – 3.5 marks) A good two key lessons that would inform contemporary organisations about the practical use of your chosen costing system

(1.6 – 1.8 marks) Include all elements and is generally presented appropriately. Writing mostly flows well and sections are linked. Referencing is in accordance with guidelines. English is used effectively with few errors present.

the organisation with examples from your costing article. (2.1 – 3 marks) An adequate

two key lessons

that would inform contemporary organisations about the practical use of your chosen costing system

(1.1 – 1.5marks) Include most elements and is adequately presented. Writing sometimes does not flow clearly leaving the paper to seem disjointed in areas. Referencing is somewhat in

accordance with guidelines. Basic English is used with some

errors present.

with examples from your costing article, or confusing.

(0 – 2 marks) Unable to present two key lessons that would inform contemporary organisations about the practical use of your chosen costing system, or confusing.

(0 – 1 marks) Lack key elements and is poorly presented. Writing does not flow clearly leaving the paper to seem disjointed. Referencing is not in

accordance with relevant guidelines. Basic English is used with errors present.

Total Marks (30)                                                                                                                                                 /30