Strategic Management Accounting | My Assignment Tutor

Page 1 of 4ACT 302: Strategic Management AccountingResearch Assignment InformationSemester 1, 2021This group assignment is 50% of your course grade.As noted in the course unit outline, this is a combined midterm assignment.ASSIGNMENT PROJECT DETAILSPurpose.Peaceful and harmonious living is something all beings must enjoy across generations. Sustainablepractices allow contributing to this noble cause. This assignment provides students with anopportunity to design a sustainability accounting system for a firm with sustainability as its coreenterprise model. You will work as four members in a group of your choice. Your first task is toexamine the real-life firm assigned to you. This assignment aims to build your work-integratedknowledge, skills, and application.You are required to provide evidence-based reasoning for the sustainability accounting systemdesign.1. Choose products and services provided by the firm. Design an activity-based costing (ABC)framework to measure their costs.2. Use the Global Reporting Initiative (GRI) framework and develop a performancemeasurement matrix for managers to support its core sustainability model. (You may alsoneed to think about other parameters such as pricing of the products).3. Use the Balanced Scorecard (BSC) framework to report financial and non-financial matricesthat support the firm’s core sustainability model.4. Relate the ABC, GRI, and BSC operational frameworks as informing the UN SustainableDevelopment Goals framework that strategically informs the firm’s vision, mission, andgoals.The assignment aims to contribute to knowledge, skills, and application of knowledge and skills setto meet accounting professional experience requirements. For example, this work-integratedassignment develops competencies relating to management accounting and the businessenvironment. You can find further details of professional experience requirements in the range ofaccounting domains by visiting the following URL: 2 of 4Forming groups.• You can self-select the group members. Students will form self-assigned groups by studyweek six. Students need to determine four members for each group.• However, enrolling in more than one group during the assignment attract a 20% penalty ofthe assignment’s total mark. This taken stance is to deter student multiple enrolments ingroups that adversely affect one or more groups performance.• The group members must do an equal amount of workload. If a group member withdrawsfrom the unit (at any stage of the semester), the other group members should continue withthe overall workload. No additional members will be assigned.• A student enrolling in more than one group attracts 10 per cent penalty marks of the totalassignment.• Please choose your group members carefully—the initial group membership remainsthroughout the assignment.• The groups have the flexibility of arranging their assgingment workloads as best fits butequitably. There are, however, essential tasks that must include the workload.Collect relevant data.• The assignment provides a URL that introduces the firm.• The group can, after that, decide how to go about collecting relevant and reliable data. Thesedata build evidence to arguments and commentaries in the assignment.Analyse data.• The group must then analyse the collated data. The designing of a sustainability accountingsystem for the firm has several other sub-designs along the lines of designing an ABCframework, GRI framework led performance matrix, BSC framework, and framework led bythe UN sustainability goals.• The data analysis can result in synthesising unique frameworks supporting the individual andfinal sustainability accounting system.Data sources.• The group will decide upon data sources.• The most credible is the peer-reviewed academic journal articles. There are also businessmagazine articles, newspaper articles, articles found on electronic platforms.• The group must determine the relevance and reliability of the collected data from each datasource.• The group must cover at least two peer reviewed journal articles supporting their designabout the enterprise environment, ABC, GRI, BSC, and UN Sustainability Development Goals.Nature of data.• The group makes that decision. Data about the enterprise about the operational and strategicenvironment can help.• The environmental data can include but limited to demographics – firm size, leverage, boardof directors and executive leadership, and ownership.• You may also need data relating to costings, financials, and not-financials, and performances.The brief discussion has not provided an exhaustive list.Page 3 of 4Main report.• The written report contains the executive summary, the main text, the reference list,appendix, and meetings summary.• This assignment does not impose a specific structure to follow because there must have roomfor innovative presentations and expressions.• As main sections the assignment must contain an Introduction, body of the text, and aconclusion section.• Also, the written work must have an Executive Summary with a maximum of 1,000 words.The text must cover specific areas required addressing in the assignment in designing thesustainability accounting system: along the lines of designing an ABC framework, GRIframework led performance matrix, BSC framework, and framework led by the UNsustainability goals.Citations and references.• The report must include sources. The reference list appears at the end of the written text.Please consult the library for further help on citations, referencing, and referencing style.Please follow the APA (American Psychological Association) 7th referencing style. Thefollowing URL is indicative only, but please visit the library site for more details.• The group can attach appendices to support their main arguments in the text and notincluded in the word count.Additional report.• This report section explains the reasons for using the referenced materials.• There is no word limit imposed on this report. Still, recommend keeping it concise whilesufficiently explaining the connection between the referenced materials and the reason forciting them in the main text.Group Meetings Summary.• Although not included in the word, count you must consist of a group meetings summarythat outlines each meeting held, date, time, duration, who was present, matters discussed,and conclusions made.• There is no word count limit for this summary report.Text matching software.• The course unit does not provide access to Turnitin software to detect text matching. TheCollege has taken the view that students must take responsibility and has academic maturitynot to engage in it. However, assessment marking will do it.• Please visit the policy about integrity relating to assignments.Late assignment submission.• Late assignment submission attracts penalty marks as per the late assignment submissionpolicy.Page 4 of 4Assignment outputs:Written assignment part:• Written assignment. Each group (only one member) upload the written report with theprovided cover sheet as an MS Word document.• The main assignment text is about 7,500 words. The word count is indicative of the textwritten, excluding the reference list, appendix, and meetings summary.• If the group thinks that word count must exceed or fall short of the word count, there are nopenalties.• Use A4 size page, leaving at least a 2.5cm margin on either side, Arial 11 font, single-spaced.• The file name is the group number, after that a single space, followed by enterprise name ifthe firm is number 1 and the name is Mighty. The filename is 1 Mighty.docx.• Each group must complete the cover page provided.• A group must make One Submission Only.• The written assignment carries 40 total marks, assessed with its marking rubric.Oral assignment part:• The oral assignment comprises student groups preparing a video. The video takes an advisoryand consulting role to senior management and the board of directors to inform and convincethem about adopting its sustainability accounting system that your group developed. Eachgroup (only one member) upload one video as an MP3 or MP4 file.• The file name is the group number, after that a single space, followed by enterprise name ifthe firm is number 1 and the name is Mighty. The filename is 1 Mighty.mp3 if it is a .mp3 file,or the filename is 1 John.mp4 if it a .mp4 file.• The oral assignment carries ten total marks, assessed with its marking rubric.Assignment marking:• The assignment is marked using the marking criteria shared among students.


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