Management Accounting

ACC2110 Management Accounting

Assessment 2 – Trimester 2, 2021

 

Assessment Type: Individual

Weighting: 30%

Learning Outcomes Assessed: ULO 3, 4 and 5

Word Limit: 3,000 words

Due Date: 8 October 2021 (Friday) 11:59 pm (AEDT)

All submissions must be submitted with a signed Ozford Institute of Higher Education Cover

Sheet via Moodle. Late submissions will attract a penalty of 5% of the assessment weighting

for each calendar day late unless an extension is granted by the lecturer.

 

Background

You are recently employed as a graduate consultant in a management consultancy firm and are

assigned to a team. One of your firm’s clients is currently evaluating its costing system. The

CEO of your client had recently attended a seminar on Activity-Based Costing (ABC) in

private companies and would like to know whether ABC is suitable to the company. Your

manager has asked your team to prepare a report for the client.

 

Requirements

Your group is required to prepare a report to comment on the suitability of ABC for a company

of your group’s choice (your firm’s client). The report should cover the followings:

a) A description of your firm’s client, including the background of the company, the main

industry which the company is operating at, and its major competitors. (6 marks)

b) A discussion of the ABC and its features. (7 marks)

c) A discussion of how ABC is different from job-order costing and process costing systems.

(6 marks)

d) A discussion on whether the ABC is suitable to your firm’s client. (8 marks)

 

 

 

 

Report Structure

The report should consist of the following components:

1) Introduction

2) Main body – The main body should address the above requirements.

3) Conclusion

4) Reference List – All references cited in the main body must be included in the reference

list. References from Wikipedia should not be used.

 

 

Marking Rubric

Criteria High Distinction Distinction Credit Pass Fail

80-100% 70-79% 60-69% 50-59% 0-49%

A description of your firm’s

client

/ 6

A description that

provides an excellent

coverage of the

company’s background,

main industry and major

competitors.

A description that provides

a very good coverage of

the company’s

background, main industry

and major competitors.

A description that

provides a good

coverage of the

company’s background,

main industry and major

competitors.

A description that

provides a reasonable

coverage of the

company’s background,

main industry and major

competitors.

Unable to provide

proper description that

covers the company’s

background, main

industry and major

competitors.

A discussion of the ABC and

its features

/ 7

An excellent discussion

of the ABC and its

features.

A very good discussion of

the ABC and its features.

A good discussion of the

ABC and its features.

A reasonable discussion

of the ABC and its

features.

Unable to present a

proper discussion of

the ABC and its

features.

A discussion of how ABC is

different from job-order

costing and process costing

systems

/ 6

An excellent discussion

of the difference between

ABC, job-order costing

and process costing.

A very good discussion of

the difference between

ABC, job-order costing

and process costing.

A good discussion of the

difference between ABC,

job-order costing and

process costing.

A reasonable discussion

of the difference between

ABC, job-order costing

and process costing.

Unable to present a

proper discussion of

the difference between

ABC, job-order

costing and process

costing.

A discussion on whether the

ABC is suitable to your

firm’s client

/ 8

An excellent discussion

of the suitability of ABC

to the company with

strong and convincing

arguments.

A very good discussion of

the suitability of ABC to

the company convincing

arguments.

A good discussion of the

suitability of ABC to the

company with

reasonably strong

arguments.

A reasonable discussion

of the suitability of ABC

to the company with

logical arguments.

Unable to present a

proper discussion of

the suitability of ABC

to the company.

Structure and presentation

/ 3

 

Comprehensive

introduction, body and

conclusion; the structure

of the main body is

complete; all references

are properly cited and

provided in the reference

list.

Very good introduction,

body and conclusion; the

structure of the main body

is complete; almost all

references are properly

cited and provided in the

reference list.

Good introduction, body

and conclusion; the

structure of the main

body is almost complete;

most references are

properly cited and

provided in the reference

list.

Basic introduction, body

and conclusion; structure

of the main body

somewhat complete; the

majority of references

are properly cited and

provided in the reference

list.

Poor introduction,

body and conclusion;

structure of the main

body incomplete;

most references are

not properly cited and

provided in the

reference list.

Total Marks / 30 Final Comments: