Purpose of the assessment (with ULO Mapping)

Students are required to develop their understanding of the purpose and use of management accounting systems, and its usefulness in aiding managers make informed decisions. You are to critically evaluate the literature (using journal articles) to analyse the practical use of management accounting systems by contemporary companies, in terms of their relevance to the decision-making by managers and achievement of business goals (ULO 1,2,3,4)

Weight 30% of the total assessments

Total Marks 30

Word limit Not more than 3,000 words. Please use “word count” and include in HI5017 Managerial Accounting Assignment Paper.

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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.

 

Individual Assignment Specifications Purpose: This assignment aims at developing your understanding of the purpose and use of management accounting systems, and its usefulness in aiding managers make informed decisions. You are to critically evaluate the literature (using journal articles) to analyse the practical use of management accounting systems by contemporary companies, in terms of their relevance to the decision-making by managers and achievement of business goals.

Assignment Task:

Journal Article Critique (30 Marks) You are required to conduct a literature search and discussion in this  HI5017 Managerial Accounting Assignment Paper.

You are to choose a peer reviewed journal article (from any country) on the:

-Use of Budgeting as a management technique for managing resources. The article should be published between 2010 – 2020. Choose your article only after you have accessed several relevant articles, and then choose the best articles that will answer the assignment question below.

Required: Critically evaluate the relevance and challenges of budgeting systems by answering the 5 questions below:

Questions:

1. Briefly discuss the budgeting process. (5 marks)

2. Based on your selected journal article, discuss citing examples whether the budgeting process satisfies

the purpose of planning, controlling and evaluating performance. (5 marks)

3. The two widely used practices in preparing budgets are ‘top down’ budgeting and ‘bottom up’

budgeting. Identify and explain the practice adopted by the organisation discussed in your selected

journal article and further explain the behavioural implications of adopted practice. (5 marks)

4. Based on your literature findings (above), critically evaluate the comment that ‘traditional budgeting practices are constraint on creativity, and the time and energy spent on budget formulation is better spent elsewhere’.

5. Based on your literature findings (above), would you recommend budgeting for contemporary organisations for planning and control purpose? Explain (5 marks)

Additional Information:

a) You are encouraged to choose the journal article from the following Accounting and Management

Accounting Journals:

Accounting, Auditing and Accountability Journal;

 

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) No student can choose the same article as another student from the same class, else both students may receive a zero mark, at the Lecturer’s discretion.

d) The journal article must be uploaded (as a separate PDF file) together with your assignment (as a MS

WORD file format) in Blackboard under the folder <Assignment>. 5 marks will be deducted if you do not

submit the articles with your assignment.

Assignment Structure:

The report 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 report is about.

e. Body of the assignment with appropriate section headings

f. Conclusion

g. List of References.

Marking Criteria

Marking Criteria Weighting

Journal Article Critique

1. Briefly discuss the purposes of budgeting process. (5 marks) 5%

2. Based on your selected journal article, discuss citing examples whether the

budgeting process satisfies the purpose of planning, controlling and evaluating

performance. (5 marks)HI5017 Managerial Accounting Assignment Paper.

3. The two widely used practices in preparing budgets are ‘top down’ budgeting

and ‘bottom up’ budgeting. Identify and explain the practice adopted by the

organisation discussed in your selected journal article and further explain the

behavioural implications of adopted practice. (5 marks)

4. Based on your literature findings (above), critically evaluate the comment that ‘traditional budgeting practices are constraint on creativity, and the time and energy spent on budget formulation is better spent elsewhere’. (5 marks)

5. Based on your literature findings (above), would you recommend the use of budgeting for contemporary organisations for planning and control purpose? Explain (5 marks)HI5017 Managerial Accounting Assignment Paper.