HI5017 Managerial Accounting | My Assignment Tutor

HOLMES INSTITUTEFACULTY OFHIGHER EDUCATION HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T3 2020 Assessment Details and Submission GuidelinesTrimesterT3 2020Unit CodeHI5017Unit TitleManagerial AccountingAssessment TypeAssignmentAssessment TitleIndividual AssignmentPurpose of theassessment (with ULOMapping)Students are required to develop their understanding of the purpose and use ofmanagement accounting systems (MAS) and its usefulness in aiding managers makeinformed decisions. You are to critically evaluate the literature (using journal articles)to analyse the practical use of MAS by contemporary companies, in terms of theirrelevance to the real-life companies’ decision-making by managers and achievementof business goals (ULO 1, 3 & 4)Weight30% of the total assessmentsTotal Marks30Word limitNot more than 3,000 words. Please use “word count” and include in assignment.Due DateWeek 9 Wednesday, 27 January 2020 at 11.59 p.m.SubmissionGuidelines• All work must be submitted on Blackboard by the due date along with a completedAssignment Cover Page.• The assignment must be in MS Word format, no spacing, 12-pt Arial font and 2 cmmargins on all four sides of your page with appropriate section headings and pagenumbers.• Reference sources must be cited in the text of the report, and listed appropriatelyat 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 thework is in fact her/his own work. Incorporating another’s work or ideas into one’sown work without appropriate acknowledgement is an academic offence. Studentsshould submit all assignments for plagiarism checking on Blackboard before finalsubmission in the subject. For further details, please refer to the Unit Outline andStudent Handbook. Page 2 of 7HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T3 2020Individual Assignment SpecificationsPurpose:This assignment aims at developing your understanding of the purpose and use of Management AccountingSystems (MAS) and its usefulness in aiding managers make informed decisions. You are to critically evaluatethe literature (using journal articles) to analyse the practical use of MAS by contemporary companies, in termsof 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 specific MAS in thisassignment.Part AChoose ONE of the MAS studied in this unit from the list below, and answer the questions that follow:• Budgeting SystemOR• Standard Costing SystemQuestions:1. Briefly discuss the features of your chosen MAS. (3 marks)2. Discuss the potential benefits of your chosen MAS. (3 marks)3. List 4 specific examples of the type of information your chosen MAS can provide to assist managers makedecisions. (2 marks)4. Identify 1 specific Australian organisation that your chosen MAS is suited for and explain why. (3 marks)Part BChoose one peer reviewed journal article (from any country) on the: Use of your chosen MAS in a real-lifeorganisation (i.e. a case-based empirical study). The article should be published between 2000 – 2020.Choose your article only after you have accessed and reviewed several relevant articles, and then choose thebest article that will answer the questions below.Questions:1. Based on your chosen journal article, briefly summarise how the MAS was designed and implemented inthe real-life organisation. (4 marks)2. Based on your chosen journal article, did the MAS in the study satisfy the features discussed in Part A (Q1and Q2)? Why or why not? Include examples in your answer from your journal article. (4 marks)3. Based on your chosen journal article, how useful was the accounting information to the internal users inthe organisation? Discuss with examples from your journal article. (4 marks)4. Based on your literature findings, state two key lessons that would inform contemporary organisationsabout the practical use of your chosen MAS. (4 marks)Page 3 of 7HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T3 2020Additional Information:a) You are encouraged to choose the journal article from the following Accounting and ManagementAccounting Journals:Accounting, Auditing and Accountability Journal;Journal of Management Accounting ResearchJournal of Applied Management Accounting Researchb) You can access these journals in ProQuest Database by clicking on the above links. Log in details forProQuest are – Username: Holmes2004; Password: Holmes. These journals can also be accessed via theProQuest 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 in Part B must be uploaded (as a separate PDF file) together with yourassignment (as a MS WORD file format) in Blackboard under the folder .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 numberb. Abstract (one paragraph)c. Table of contentsd. A brief introduction or overview of what the report is about.e. Body of the assignment with appropriate section headingsf. Conclusiong. List of References.Page 4 of 7HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T3 2020Academic IntegrityHolmes Institute is committed to ensuring and upholding Academic Integrity, as Academic Integrity is integralto maintaining academic quality and the reputation of Holmes’ graduates. Accordingly, all assessment tasksneed to comply with academic integrity guidelines. Table 1 identifies the six categories of Academic Integritybreaches. If you have any questions about Academic Integrity issues related to your assessment tasks, pleaseconsult your lecturer or tutor for relevant referencing guidelines and support resources. Many of theseresources 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 ofmarks, failure of the assessment task or unit involved, suspension of course enrolment, or cancellation ofcourse enrolment.Table 1: Six categories of Academic Integrity breaches PlagiarismReproducing the work of someone else without attribution. Whena student submits their own work on multiple occasions this isknown as self-plagiarism.CollusionWorking with one or more other individuals to complete anassignment, in a way that is not authorised.CopyingReproducing and submitting the work of another student, with orwithout their knowledge. If a student fails to take reasonableprecautions to prevent their own original work from being copied,this may also be considered an offence.ImpersonationFalsely presenting oneself, or engaging someone else to present asoneself, in an in-person examination.Contract cheatingContracting a third party to complete an assessment task,generally in exchange for money or other manner of payment.Data fabrication andfalsificationManipulating or inventing data with the intent of supporting falseconclusions, including manipulating images. Source: INQAAHE, 2020Page 5 of 7HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T3 2020Marking Criteria Marking CriteriaWeightingPart A1. Briefly discuss the features of your chosen MAS.3%2. Discuss the potential benefits of your chosen MAS.3%3. List 4 specific examples of the type of information your chosen MAS can provide toassist managers make decisions.2%4. Identify 1 specific Australian organisation that your chosen MAS is suited for andexplain why.3%Part B1. Based on your chosen journal article, briefly summarise how the MAS was designedand implemented in the real-life organisation.4%2. Based on your chosen journal article, did the MAS in the study satisfy the featuresdiscussed in Part A (Q1 and Q2)? Why or why not? Include examples in your answerfrom your journal article.4%3. Based on your chosen journal article, how useful was the accounting information tothe internal users in the organisation? Discuss with examples from your journal article.4%4. Based on your literature findings, state two key lessons that would informcontemporary organisations about the practical use of your chosen MAS.4%Overall Presentation of Assignment3%TOTAL Weight30% Marking Rubric ExcellentVery GoodGoodSatisfactoryUnsatisfactoryPart ABriefly discuss thefeatures of your chosenMAS. (3 marks)(2.1 – 3 marks)Present anexcellentdiscussion ofthe features ofyour chosenMAS.(1.9 – 2 marks)Present a verygood discussionof the featuresof your chosenMAS.(1.6 – 1.8 marks)Present a gooddiscussion of thefeatures of yourchosen MAS.(1.1 – 1.5marks)Present areasonablediscussion ofthe features ofyour chosenMAS.(0 – 1 marks)Unable toexplain thefeatures of yourchosen MAS.Discuss the potentialbenefits of your chosenMAS. (3 marks)(2.1 – 3 marks)Present anexcellentdiscussion ofthe potentialbenefits of yourchosen MAS.(1.9 – 2 marks)Present a verygood discussionof the potentialbenefits of yourchosen MAS.(1.6 – 1.8 marks)Present a gooddiscussion of thepotential benefitsof your chosenMAS.(1.1 – 1.5marks)Present areasonablediscussion ofthe potentialbenefits of yourchosen MAS.(0 – 1 marks)Unable toexplain thepotentialbenefits of yourchosen MAS.List 4 specific examples ofthe type of informationyour chosen MAS canprovide to assistmanagers makedecisions. (2 marks)(1.7 – 2 marks)Clear, conciseand excellentlist of 4examples of thetype ofinformationyour chosenMAS canprovide to assist(1.3 – 1.6marks)A very good listof 4 examplesof the type ofinformationyour chosenMAS canprovide to assistmanagers makedecisions.(0.9 – 1.2 marks)A good list of 4examples of thetype ofinformation yourchosen MAS canprovide to assistmanagers makedecisions.(0.5 –0.8 marks)Adequate list of4 examples ofthe type ofinformationyour chosenMAS canprovide to assistmanagers makedecisions.(0 – 0.4 marks)Unable topresent aproper list of 4examples of thetype ofinformationyour chosenMAS canprovide to assist Page 6 of 7HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T3 2020 managers makedecisions.managers makedecisions. orconfusing.Identify 1 specificAustralian organisationthat your chosen MAS issuited for and explainwhy. (3 marks)(2.1 – 3 marks)1 specificAustralianorganisationidentified that issuited to yourchosen MASwith clear,concisecompellingexplanation tojustify it.(1.9 – 2 marks)1 specificAustralianorganisationidentified that issuited to yourchosen MASwith very goodexplanation tojustify it.(1.6 – 1.8 marks)1 specificAustralianorganisationidentified that issuited to yourchosen MAS withgoodexplanation tojustify it.(1.1 – 1.5marks)1 specificAustralianorganisationidentified that issuited to yourchosen MASwith adequateexplanation tojustify it.(0 – 1 marks)Unable toidentify 1specificAustralianorganisationthat is suited toyour chosenMAS and tojustify it.Part BBased on your chosenjournal article, brieflysummarise how the MASwas designed andimplemented in the reallife organisation. (4marks)(3.6 – 4 marks)Present anexcellentdiscussion ofhow the MASwas designedandimplemented inyour real-lifeorganisationbased on yourjournal article.(2.9 – 3.5marks)Present a verygood discussionof how the MASwas designedandimplemented inyour real-lifeorganisationbased on yourjournal article.(2.1 – 2.8 marks)Present a gooddiscussion of howthe MAS wasdesigned andimplemented inyour real-lifeorganisationbased on yourjournal article.(1.6 – 2 marks)Present areasonablediscussion ofhow the MASwas designedandimplemented inyour real-lifeorganisationbased on yourjournal article.(0 – 1.5 marks)Unable toexplain how theMAS wasdesigned andimplemented inyour real-lifeorganisationbased on yourjournal article,or confusing.Based on your chosenjournal article, did theMAS in the study satisfythe features discussed inPart A (Q1 and Q2)? Whyor why not? Includeexamples in your answerfrom your journal article.(4 marks)(3.6 – 4 marks)Clear, concise,compellingdiscussion onwhether theMAS in thestudy satisfy thefeaturesdiscussed inPart A (Q1 andQ2) withexamplesprovided fromyour journalarticle.(2.9 – 3.5marks)Present a verygood discussionon whether thecosting systemin the studysatisfy thefeaturesdiscussed inPart A (Q1 andQ2) withexamplesprovided fromyour journalarticle.(2.1 – 2.8 marks)Present a gooddiscussionon whether thecosting system inthe study satisfythe featuresdiscussed in PartA (Q1 and Q2)with examplesprovided fromyour journalarticle.(1.6 – 2 marks)Present areasonablediscussion onwhether thecosting systemin the studysatisfy thefeaturesdiscussed inPart A (Q1 andQ2) withexamplesprovided fromyour journalarticle.(0 – 1.5 marks)Unable toexplain whetherthe costingsystem in thestudy satisfy thefeaturesdiscussed inPart A (Q1 andQ2) with lack ofexamplesprovided fromyour journalarticle, orconfusing,Based on your chosenjournal article, how usefulwas the accountinginformation to theinternal users in theorganisation? Discusswith examples from yourjournal article. (4 marks)(3.6 – 4 marks)Present anexcellentdiscussion ofhow useful theaccountinginformation wasto the internal(2.9 – 3.5marks)Present a verygood discussionof how usefulthe accountinginformation wasto the internalusers in the(2.1 – 2.8 marks)Present a gooddiscussion of howuseful theaccountinginformation wasto the internalusers in the(1.6 – 2 marks)Present areasonablediscussion ofhow useful theaccountinginformation wasto the internal(0 – 1.5 marks)Unable toexplain howuseful theaccountinginformation wasto the internalusers in the Page 7 of 7HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T3 2020 users in theorganisationwith examplesfrom yourjournal article.organisationwith examplesfrom yourjournal article.organisation withexamples fromyour journalarticle.users in theorganisationwith examplesfrom yourjournal article.organisationwith examplesfrom yourjournal article,or confusing.Based on your literaturefindings, state two keylessons that would informcontemporaryorganisations about thepractical use of yourchosen MAS. (4 marks)(3.6 – 4 marks)Clear, concise,compelling twokey lessons thatwould informcontemporaryorganisationsabout thepractical use ofyour chosenMAS.(2.9 – 3.5marks)A very good twokey lessons thatwould informcontemporaryorganisationsabout thepractical use ofyour chosenMAS.(2.1 – 2.8 marks)A good two keylessons thatwould informcontemporaryorganisationsabout thepractical use ofyour chosenMAS.(1.6 – 2 marks)An adequatetwo key lessonsthat wouldinformcontemporaryorganisationsabout thepractical use ofyour chosenMAS.(0 – 1.5 marks)Unable topresent two keylessons thatwould informcontemporaryorganisationsabout thepractical use ofyour chosenMAS, orconfusing.Overall Presentation(3 marks)(2.1 – 3 marks)Include allelements and isvery wellpresented.Writing flowsclearly andsections arelinked veryeffectively.Referencing isexemplary.English is usedvery effectivelyand error-free.(1.9 – 2 marks)Include allelements and iswell presented.Writing flowsclearly andsections arelinkedeffectively.Referencing isof a highstandard.English is usedeffectively withvery few errorspresent.(1.6 – 1.8 marks)Include allelements and isgenerallypresentedappropriately.Writing mostlyflows well andsections arelinked.Referencing is inaccordance withguidelines.English is usedeffectively withfew errorspresent.(1.1 – 1.5marks)Include mostelements and isadequatelypresented.Writingsometimes doesnot flow clearlyleaving thepaper to seemdisjointed inareas.Referencing issomewhat inaccordance withguidelines. BasicEnglish is usedwith someerrors present.(0 – 1 marks)Lack keyelements and ispoorlypresented.Writing doesnot flow clearlyleaving thepaper to seemdisjointed.Referencing isnot inaccordance withrelevantguidelines. BasicEnglish is usedwith errorspresent.Total Marks (30)/30

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