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HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION HA2011 MANAGEMENT ACCOUNTING ASSIGNMENT – T1 2021 Assessment Details and Submission Guidelines Trimester T1 2021 Unit Code HA2011 Unit Title Management Accounting Assessment Type Assignment Assessment Title Group Assignment Purpose of the assessment (with ULO Mapping) Students are required to demonstrate their ability to apply their knowledge of management accounting concepts to plan and control business operations. Specifically, you are to critically evaluate the use of Activity-based Costing (ABC) for decision-making and achievement of business goals. You also will use budgets as a planning tool by preparing a master budget for a company. (ULO 1, 6 and 7) • Outline the differences between fixed costs, variable costs, and mixed costs by categorising various costs of an entity into these categories • Apply the concept of costs to various costing systems including justification of cost and system choices • Implement systems to plan and control business operations Weight 30% of the total assessments Total Marks 30 Word limit Not more than 2,500 words. Please use the “word count” function and include the no. of words in the assignment. You should use the “spell check” and “grammar check” functions in Word. Due Date Week 9 - Friday 21st May, 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, 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 text of the report, and listed appropriately at 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 the work is in fact her/his own work. Incorporating another’s work or ideas into one’s own 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. Page 2 of 12 HA2011 MANAGEMENT ACCOUNTING ASSIGNMENT - T1 2021 2. The Reference list should be located on a separate page at the end of the essay and titled: References. 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; P Hawking, B McCarthy, A Stein (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 content, 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 requirements. • Students whose citations are fake will be reported for academic misconduct *Note: Students are required to form and self-enrol into groups – a maximum of 4 students per group. You will not be able to submit your group assignment unless you are OFFICIALLY enrolled into a designated group in Blackboard (even if it is a solo-group of 1). Submit the group assignment as a single document, including the Holmes official COVER SHEET. Once formed, the group membership should not be changed for the duration of the trimester. For help with any group assignment matters, please address your email to
[email protected] ensuring that your full details (Name, student ID, unit name and number) are included. http://jise.org/Volume15/n3/JISEv15n3p327.pdf mailto:
[email protected] Page 3 of 12 HA2011 MANAGEMENT ACCOUNTING ASSIGNMENT - T1 2021 Assignment Specifications Purpose: This assignment aims at developing your understanding of management accounting concepts to plan and control business operations. Specifically, you are to critically evaluate the use of Activity-based Costing (ABC) for decision-making and achievement of business goals. You also will use budgets as a planning tool by preparing a master budget for a company. This assignment is to be completed by a group of 3 - 4 students. You are to self-enrol in to a group. Individual assignments will NOT be accepted, unless approved by the Unit Coordinator. Instructions with Question 1 of the assignment. a) You are to refer to the management accounting literature in Question 1, particularly to use relevant academic journal articles from the following Accounting and Management Accounting Journals: Accounting, Auditing and Accountability Journal; Journal of Management Accounting Research Journal of Applied Management Accounting Research b) You can access these journals in ProQuest Database by clicking on the above links. Log in details for ProQuest are - Username: Holmes2004; Password: Holmes. 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. Don’t use Google. c) You are to select a minimum of three (3) relevant journal articles, and follow the revised Harvard approach to referencing (on pg. 1 - 2), which include providing the hyperlink to the full text of the cited reference source. The Assignment Structure should be as the following: Question 1 [10 marks] From the management accounting literature: a) Discuss the role of strategic planning in adding value to an organisation’s products/services. (4 marks) b) Explain how Activity-based Costing (ABC) can support strategic planning and the value adding processes. Include examples of the type of information and reports the management accountant can provide. (4 marks) c) Based on your literature findings (from Part (b)), state two key lessons that would inform contemporary organisations about the use of ABC to support strategic planning and the value adding initiatives. (2 marks) Question 2 [11 marks] https://search.proquest.com/business/publication/publications_31671?accountid=30552 https://search.proquest.com/business/publication/31820/citation/6A92B992C7C74BC4PQ/3?accountid=30552 https://search.proquest.com/business/publication/publications_40108?accountid=30552 Page 4 of 12 HA2011 MANAGEMENT ACCOUNTING ASSIGNMENT - T1 2021 Question 2 This question is not related to Question 1. [20 marks] This assignment MUST be done in groups of three or four students. Individual assignments will NOT be accepted, unless approved by the Unit Coordinator. The groups are to be formed at your discretion in your respective campuses. Group conflicts must be resolved by members. The table below needs to be used on the cover sheet of your assignment. The assignment will be marked STRICTLY based on the order in which you list student ID’s. The details below are just examples. You must fill in your respective group details. An example only: Group No. Member ID Number First Name Last Name 1. NXX2037 Mickey Mouse 2. APS2094 Donald Duck 3. EMV30216 Yogi Bear 4. AEES2104 Scooby Doo Students are REQUIRED to use the budget templates as illustrated in the Lecture Slides on BUDGETING Topic (Topic 7). Any supplementary working done to support the amounts in the budgets should be provided. PREPARATION OF OPERATING AND FINANCIAL BUDGETS Rosy Hearts produces cupcakes for resale at large grocery stores throughout Australia. The company is currently in the process of establishing a master budget on a quarterly basis for the next financial year, which ends June 30. Last year quarterly sales were as follows (1 unit = 1 batch): First quarter 60,AAA units Second quarter 75,BBB units Third quarter 96,CCC units Fourth quarter 80,DDD units See further instructions about last year quarterly sales figures in the table below: Group Member No. ID Number First Name Last Name 1. NXX2037 Mickey Mouse 2. APS2094 Donald Duck 3. EMV30216 Yogi Bear 4. AEES2104 Scooby Doo First quarter 60,AAA units becomes 60,037 units. AAA is the last three digits of Member 1’s ID. Second quarter 75,BBB units becomes 75,094 units.