Managerial Accounting

HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION

 

HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T1 2021

 

Assessment Details and Submission Guidelines Trimester T2 2021

Unit Code HI5017

Unit Title Managerial Accounting

Assessment Type Assignment

Assessment Title Individual Assignment

Purpose of the assessment (with ULO Mapping)

Students are required to develop their understanding of the types of management accounting information that assists managers in organisational planning and control purposes. You are to critically evaluate the literature (using journal articles) to analyse the practical use of management accounting information by contemporary organisations, and their relevance to decision- making by managers and achievement of business goals. (ULO 1 & 4)

 

Weight 30% of the total assessments

Total Marks 30

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

Due Date Week 9 Thursday, 16 September 2021 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, with 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 assignment’s text and listed appropriately at the end in a reference list using Adapted Harvard referencing style.

• It is the student’s responsibility to submit the work to ensure that the work is her/his work. Incorporating another’s work or ideas into one’s 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.

Adapted Harvard Referencing Holmes has now implemented a revised Harvard approach to referencing:

1. Reference sources in assignments are limited to sources which provide

full text access to the source’s content for lecturers and markers.

2. The Reference list should be located on a separate page at the end of

the essay and titled: References.

 

 

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HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T2 2021

3. It should include the details of all the in-text citations, arranged

alphabetically A-Z by author surname. In addition, it MUST include a

hyperlink to the full text of the cited reference source.

For example:

Hawking, P., McCarthy, B. and Stein, A. (2004), Second Wave ERP

Education, Journal of Information Systems Education, Fall,

http://jise.org/Volume15/n3/JISEv15n3p327.pdf

4. All assignments will require additional in-text reference details which

will consist of the surname of the author/authors or name of the

authoring body, year of publication, page number of contents,

paragraph where the content can be found.

For example,

“The company decided to implement an enterprise wide data

warehouse business intelligence strategies (Hawking et al, 2004,

p3(4)).”

Non – Adherence to Referencing Guidelines

Where students do not follow the above guidelines: 1. Students who submit assignments which do not comply with the

guidelines may be required to resubmit their assignments or incur

penalties for inadequate referencing.

2. Late penalties will apply per day after a student or group has been

notified of a resubmission requirement.

• Students whose citations are fake will be reported for academic misconduct.

 

 

 

 

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HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T2 2021

 

Individual Assignment Specifications

Assignment Task: You are required to conduct a literature search for this assignment, cite your source(s) and provide a full reference list (as per the Holmes Adapted Harvard Referencing guidelines on pg. 1-2).

 

Part A (15 marks) Management Accountants are seen as the “value-creators” amongst the accountants. They are much more interested in forward looking and taking decisions that will affect the future of the organization, than in the historical recording and compliance (scorekeeping) aspects of the profession (Institute of Certified Management Accountants, 2017). a) Discuss the pros and cons of the above statement. (4 marks) b) Explain the relevance of the value chain concept to management accountants today. (3 marks) c) Assume you are the management accountant of BHP Group, a leading mining company in Australia. Provide examples of how you can create value for the company to support the managers make: i) strategic decisions (2 examples); and ii) operational decisions (2 examples). (8 marks) “Maximum 1500 words.”

Part B (12 marks) a) What distinguishes the successful implementations of ABC costing method from those that have not succeeded? Include real-life examples from the literature to support your answer. (10 marks) b) Based on your literature findings in (a), state two key lessons that stood out for you, about the ABC costing method as a planning and decision-making tool that would benefit contemporary organisations. (2 marks) “Maximum 1500 words.”

Additional Information: a) You are encouraged to use the following Accounting and Management Accounting Journals via the ProQuest Database by clicking on the links below. Log in details in ProQuest are – Username: Holmes2004; Password: Holmes. Accounting, Auditing and Accountability Journal; Journal of Management Accounting Research Journal of Applied Management Accounting Research

 

 

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HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T2 2021

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 to choose relevant academic journal articles for this assignment. Don’t use Google. Assignment Structure: The assignment 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 assignment is about. e. Body of the assignment with appropriate section headings f. Conclusion g. List of References (follow the Holmes Adapted Harvard Referencing guidelines on pg. 1-2)

 

 

 

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HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T2 2021

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

 

 

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HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T2 2021

Marking Criteria

Marking Criteria Weighting

Part A

a) Discuss the pros and cons of the above statement. 4%

b) Explain the relevance of the value chain concept to management accountants today.

3%

c) Assume you are the management accountant of BHP Group, a leading mining company in Australia. Provide examples of how you can create value for the company to support the managers make: i) strategic decisions (2 examples); and ii) operational decisions (2 examples).

8%

Part B

a) What distinguishes the successful implementations of ABC costing method from those that have not succeeded? Include real-life examples from the literature to support your answer.

10%

b) Based on your literature findings in (a), state two key lessons that stood out for you, about the ABC costing method as a planning and decision-making tool that would benefit contemporary organisations.

2%

Overall Presentation of Assignment 3%

TOTAL Weight 30%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T2 2021

Marking Rubric Excellent Very Good Good Satisfactory Unsatisfactory

 

Part A

a) Discuss the pros and cons of the above statement. (4 marks)

(3.6 – 4 marks) Present an excellent discussion of the pros and cons of the above statement.

(2.9 – 3.5marks) Present a very good discussion of the pros and cons of the above statement.

(2.1– 2.8 marks) Present a good discussion of the pros and cons of the above statement.

(1.6 – 2 marks) Present a reasonable discussion of the pros and cons of the above statement.

(0 – 1.5 marks) Unable to discuss the pros and cons of the above statement or is confusing.

b) Explain the relevance of the value chain concept to management accountants today. (3 mark)

(2.1 – 3 marks) Present an excellent explanation of the relevance of the value chain concept to management accountants today.

(1.9 – 2 marks) Present a very good explanation of the relevance of the value chain concept to management accountants today.

(1.6 – 1.8 marks) Present a good explanation of the relevance of the value chain concept to management accountants today.

(1.1 – 1.5marks) Present a reasonable explanation of the relevance of the value chain concept to management accountants today.

(0 – 1 marks) Unable to explain the relevance of the value chain concept to management accountants today or is confusing.

c) Assume you are the management accountant of BHP Group, a leading mining company in Australia. Provide examples of how you can create value for the company to support the managers make: i) strategic decisions (2 examples); and ii) operational decisions (2 examples). (8 marks)

(7.1 – 8 marks) Clear, concise, and excellent examples provided of how you can create value for the company to support the managers make: i) strategic decisions (2 examples); and ii) operational decisions (2 examples).

(6.1 – 7 marks) Very good examples provided of how you can create value for the company to support the managers make: i) strategic decisions (2 examples); and ii) operational decisions (2 examples).

(4.1 – 6 marks) Good examples provided of how you can create value for the company to support the managers make: i) strategic decisions (2 examples); and ii) operational decisions (2 examples).

(2.1 –4marks) Adequate examples provided of how you can create value for the company to support the managers make: i) strategic decisions (2 examples); and ii) operational decisions (2 examples).

(0 – 2 marks) Unable to present examples of how you can create value for the company to support the managers make: i) strategic decisions (2 examples); and ii) operational decisions (2 examples) or confusing.

Part B

a) What distinguishes the successful implementations of ABC costing method from those that have not succeeded? Include real- life examples from the literature to support your answer. (8 marks)

 

(7.1 – 8 marks) Present an excellent discussion of what distinguishes the successful implementation s of ABC costing method from those that have not succeeded? Include real-life examples from

(6.1 – 7 marks) Present a very good discussion of what distinguishes the successful implementation s of ABC costing method from those that have not succeeded? Include real-life examples from the literature to

(4.1 – 6 marks) Present a good discussion of what distinguishes the successful implementations of ABC costing method from those that have not succeeded? Include real-life examples from the literature to

(2.1 – 4 marks) Present a reasonable discussion of what distinguishes the successful implementation s of ABC costing method from those that have not succeeded? Include real-life examples from

(0 – 2 marks) Unable to discuss what distinguishes the successful implementation s of ABC costing method from those that have not succeeded? Include real-life examples from the literature to support your

 

 

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HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T2 2021

the literature to support your answer.

support your answer.

support your answer.

the literature to support your answer.

answer or is confusing.

b) Based on your literature findings in (a), state two key lessons that stood out for you, about the ABC costing method as a planning and decision-making tool that would benefit contemporary organisations. (4 marks)

(3.6 – 4 marks) Clear, concise, compelling two key lessons that stood out for you, about the ABC costing method as a planning and decision-making tool that would benefit contemporary organisations.

(2.9 – 3.5marks) A very good two key lessons that stood out for you, about the ABC costing method as a planning and decision-making tool that would benefit contemporary organisations.

(2.1 – 2.8 marks) A good two key lessons that stood out for you, about the ABC costing method as a planning and decision-making tool that would benefit contemporary organisations.

(1.6 – 2 marks) An adequate two key lessons that stood out for you, about the ABC costing method as a planning and decision-making tool that would benefit contemporary organisations.

(0 – 1.5 marks) Unable to present two key lessons that stood out for you, about the ABC costing method as a planning and decision-making tool that would benefit contemporary organisations or is confusing.

Overall Presentation (3 marks)

(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.

(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.

(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.

(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.

(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