BUACC5933 ...




BUACC5933



Cost and Management Accounting



Semester 1, 2019 Assignment



Contribution to overall assessment: 35%







According to Jensen (2001), “Corporate budgeting is a joke and everyone knows it. It consumes a huge amount of executives' time, forcing them into endless rounds of dull meetings and tense negotiations. It encourages managers to lie and cheat, lowballing targets and inflating results, and it penalizes them for telling the truth. It turns business decisions into elaborate exercises in gaming. It sets colleague against colleague, creating distrust and ill will. And it distorts incentives, motivating people to act in ways that run counter to the best interests of their companies”.




During the late 1980s, academics such as Johnson and Kaplan (1987) argued that standard costing and variance analysis were inadequate for cost control and performance evaluation purpose due to the changing competitive environment.








Required:





Discuss the relevance of traditional budgeting and standard costing in the contemporary business environment.






Starting point for your research:




Your text







2-papers posted on your Moodle



·
Jensen (2001)




·
Hope and Fraser (2003).

































Additional information:





·
Required format: Essay (Around 2500 words)





·
Useful links:




·
http://federation.edu.au/__data/assets/pdf_file/0018/190044/General-Guide-to-Writing-and-Study-Skills.pdf














Please adapt this to suit your style.


Thanks


Geeta




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·
BUACC5933 – Cost and Management Accounting



·
Semester 1, 2019 Group Assignment









Names: Student Numbers:




































Bases of assessment






F P HD





Content - Identification of relevant issues.




Research - Selection of relevant material.




A demonstration of critical evaluation of the material.




Expression of your viewpoint (and not a catalogue of quotes/ others’ ideas).








Expression - clarity, style (formal and academic), coherence in writing, grammar, punctuation, spellings and sentence structure.




A logical flow of argument at both the paragraph level and the overall text level.




Use of supporting arguments.


Use of literature to support the argument.








Structure – Synopsis (Stated the topic, reflected main arguments and identified conclusions reached).




Introduction (Provided background/contextual information; clearly introduced the topic; outlined the plan for addressing the topic).


Discussion in appropriately linked sections and paragraphs.




Conclusion (no new material; reiterated the main line of argument).






Referencing procedure (within the text, and at the end of the text).


Appropriately styled and punctuated bibliography.








Overall Presentation – including cover page, line spacing, page numbering.










GRADE:










May 12, 2021BUACC5933
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