HOLMES INSTITUTEFACULTY OF HIGHER EDUCATION Assessment Details and Submission Guidelines ...

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HOLMES INSTITUTEFACULTY OF HIGHER EDUCATION Assessment Details and Submission Guidelines Trimester T2 2019 Unit Code HI5017 Unit Title Managerial Accounting Assessment Type Assignment Assessment Title Individual Assignment 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 two journal articles to analyse the practical use of management accounting systems by contemporary companies, in terms of their relevance to the real-life companies’ decision-making by managers and achievement of business goals (ULO 2, 3, 5, 6, 7 & 8) Weight 30% of the total assessments Total Marks 30 Word limitNot more than 3,000 words. Please use “word count” and include in assignment. Due Date Week 10 Sunday 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.Format of the Assignment Submission:You should at least have the following details:a. Assignment Cover page clearly stating your name and student numberb. Abstract (one paragraph)c. Table of Contentsd. Body of the assignment with appropriate section headingse. Conclusionf. List of References. HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T2 2019
Individual Assignment SpecificationsPurpose: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 two journal articles to analyse the practical use of management accounting systems by contemporary companies, in terms of their relevance to the real-life companies’ decision-making by managers and achievement of business goals.Assignment Task:Additional Information:a) You are encouraged to choose the second journal article from the following Accounting and Management Accounting Journals:Accounting, Auditing and Accountability Journal;Journal of Management Accounting ResearchJournal of Applied Management Accounting Researchb) The journal article need to study a real-life company or companies’ MAS from year 2010 onwards, (in any country).c) 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.Page 2 of 5 Journal Article Critique (30 Marks)You are required to read the journal article by Watts, Yapa and Dellaportas (2014), “The Case of a Newly Implemented Modern Management Accounting System in a Multinational Manufacturing Company”, Australasian Accounting, Business and Finance Journal, 8 (2), p. 121-137. The journal article is attached as a separate file in Blackboard under the folder .Required: Critically evaluate the role of management accounting systems (MAS) and the provision of accounting information for the case company by answering the 4 questions below:Questions:1. Identify any three (3) specific examples of the different types of management accounting methods and/or techniques from the case. (3 marks)2. Are MAS relevant to contemporary organisations? Discuss this with reference to:i) What evidence is there from the case company? Include examples in your answer. (5 marks)ii) Compare and contrast this finding with one other journal article you will need to find that has discussed about management accounting systems in another real-life company or companies. Did this second study have similar findings as the first chosen article, or mixed and/or different findings? Explain with examples. (5 marks)3. What conclusions do you make about the relevance of MAS in today’s competitive and (in most cases), uncertain business environment? (4 marks)4. Provide four (4) specific outcomes or lessons learned from each of the two articles’ research findings that will be useful for management accountants in Australian companies to learn from, and justify your answer [i.e. provide 2 outcomes from each of the two studies]. (8 marks)Another 5 marks are determined by the overall presentation of your assignment. HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T2 2019
Marking CriteriaPage 3 of 5 Marking Criteria Weighting Journal Article Critique 1. Identify any three (3) specific examples of the different types of management accounting methods and/or techniques from the case. 3% 2. Are MAS relevant to contemporary organisations? Discuss this with reference to: i) What evidence is there from the case company? Include examples in your answer. 5% ii) Compare and contrast this finding with one other relevant journal article you will need to find that has discussed about management accounting systems in another real- life company or companies. Did this second study have similar findings as the first chosen article, or mixed and/or different findings? Explain with examples. 5% 3. What conclusions do you make about the relevance of MAS in today’s competitive and (in most cases), uncertain business environment? 4% 4. Provide four (4) specific outcomes or lessons learned from each of the two articles’ research findings that will be useful for management accountants in Australian companies to learn from, and justify your answer [i.e. provide 2 outcomes from each of the two studies]. 8% Overall Presentation of Assignment 5% TOTAL Weight 30%HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T2 2019
Marking RubricPage 4 of 5 Excellent Very Good Good Satisfactory Unsatisfactory Journal Article Critique Examples of the different types of management accounting methods and/or techniques from the case (3 marks) (3 marks) Identify 3 examples of management accounting methods and/or techniques from the case with very good discussion of the examples. (2 marks) Identify 3 examples of management accounting methods and/or techniques from the case with good discussion of the examples. (1.8 marks) Identify 2 - 3 examples of management accounting methods and/or techniques from the case with minor errors and/or omissions in the discussion. (1.5 marks) Identify 2 - 3 examples of management accounting methods and/or techniques from the case with errors and/or omissions in the discussion. (0 - 1 mark) Identify 1 or less example of management accounting methods and/or techniques from the case. Relevance of MAS to contemporary organisations (5 marks) (5 marks) Present an excellent discussion of the relevance of MAS to contemporary organisations with examples provided from the case company. (4 marks) Present a very good discussion of the relevance of MAS to contemporary organisations with examples provided from the case company. (3 marks) Present a good discussion of the relevance of MAS to contemporary organisations with or without examples provided from the case company. (2 marks) Present a reasonable discussion of the relevance of MAS to contemporary organisations without example provided from the case company. (0 - 1 mark) Unable to explain the relevance of MAS to contemporary organisations. Compare and contrast the finding with one other relevant journal article (5 marks) (5 marks) Clear, concise, compelling discussion with excellent examples. (4 marks)A very good discussion with very good examples. (3 marks) A good discussion with good examples. (2 marks) Adequate discussion with adequate examples. (0 - 1 mark) Unable to present a proper discussion with no examples or confusing. Conclusions about the relevance of MAS in today’s business environment (4 marks) (4 marks)Clear, concise, compelling conclusions about the relevance of MAS in today’s competitive and uncertain business environment. (3.5 marks) Very good conclusions about the relevance of MAS in today’s competitive and uncertain business environment. (3 marks) Good conclusions about the relevance of MAS in today’s competitive and uncertain business environment. (2.5 marks) Adequate conclusions about the relevance of MAS in today’s competitive and uncertain business environment. (0 – 1.5 marks) Unable to present proper conclusions or confusing. HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T2 2019
Page 5 of 5 Outcomes or lessons learned from each of the two articles’ research findings (8 marks)(8 marks) Clear, concise, compelling discussion of 4 lessons learned (2 from each study).(6 marks)A very good discussion of 4 lessons learned (2 from each study).(4 marks)A good discussion of 4 lessons learned (2 from each study)..(2.5 marks)An adequate discussion of 4 lessons learned (2 from each study).(0 – 1.5 marks) Unable to present a proper discussion of 4 lessons learned (2 from each study). Overall Presentation (5 marks)(5 marks) Include all elements and is very well presented. Writing flows clearly and sections are linked very effectively. Referencing is exemplary. English is used very effectively and error-free.(4 marks) Include all elements and is well presented. Writing flows clearly and sections are linked effectively. Referencing is of a high standard. English is used effectively with very few errors present.(3 marks) Include all elements and is generally presented appropriately. Writing mostly flows well and sections are linked. Referencing is in accordance with guidelines. English is used effectively with few errors present.(2 marks) Include most elements and is adequately presented. Writing sometimes does not flow clearly leaving the paper to seem disjointed in areas. Referencing is somewhat in accordance with guidelines. Basic English is used with some errors present.(0 - 1 mark) Lack key elements and is poorly presented. Writing does not flow clearly leaving the paper to seem disjointed. Referencing is not in accordance with relevant guidelines. Basic English is used with errors present. Total Marks (30)/30 HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T2 2019

Sarabjeet · Accepted Answer

Accounting
Management Accounting
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Contents
Introduction	3
Identify any three (3) specific examples of the different types of management accounting methods and/or techniques from the case.	3
Are MAS relevant to contemporary organisations? Discuss this with reference to:	5
What evidence is there from the case company? Include examples in your answer.	5
Comparison of journal article	7
Did this second study have similar findings as the first chosen article, or mixed and/or different findings?	8
What conclusions do you make about the relevance of MAS in today’s competitive and (in most cases), uncertain business environment? (4 marks)	9
Lessons learned	10
References	12
Abstract
Maintaining and Designing a successful cost management system has become fundamental tasks for companies and their accountant’s management. The report includes specific examples of different types of management accounting methods and/or techniques in the case, and how to discuss MAS related to contemporary organizations in this report. This report also includes a comparison of management accounting systems in another actual case study. The conclusions include the relevance of MAS to today's highly competitive (and in most cases) uncertain business environment and the lessons learned or lessons learned from the findings of the two articles, which will be useful to Australian corporate management accountants.
Introduction 
The beginning of global competition and the timely acquisition of high technology have forced industries to change method they operate. More and more IT investments are being touted as an benefit that provides ability to achieve stronger, more flexible production processes to respond to ongoing changes and improve organizational performance. IT automates lots of control function with a friendly system that is easy to adapt to the underlying or line management. With the instant growth of the high-end technologies, efficient, instant communication and increasingly fierce competition, many companies are force to seek the comparative benefit to survive. It has been argued that MAS as well as resulting data to assist in the management of decision-making processes can provide comparative advantages in a competitive and dynamic environment (A Youssef, 2013). 
Identify any three (3) specific examples of the different types of management accounting methods and/or techniques from the case.  
The academic community widely praises contemporary management accounting methods (for example JIT, BSC, TQM), but business-related recommendations are not necessarily recognized by the industry. The purpose of this paper is to examine acquisition of the main IT-based MAP by a modern multinational company to assess usefulness and relevance of its functions by determining the type and principle of the systems used (Watts, Yapa and Dellaportas, 2014). Used to upgrade or modify its system. Company-A implements system that can includes functions that include multiple business functions, but the selection system used by Company-A will also determine relevance of system. In the face of the decision on which MAS to implement, the Company A chooses hedging and implements a series of technologies. The SAP R / 3 systems have built-in JIT, BSC, ABC, TQM, benchmarking and standard costing every user of system can look up data based on some of these methods, but does not fully utilize them as intended originally. Company-A is a manufacturer that uses simple program manufacturers that produce fewer raw materials and fewer steps. Therefore, they believe that the standard form of ABC / ABM is too complex to meet their needs. Similarly, the BSC is also a JIT to some extent (AZIZI, FAHIM and SHAHROKHI, 2013). Although the system allows these technologies to be used interdependently, Company A has generalized its processes and utilized several aspects of every system. This means that they utilize a few activity drivers to allocate overhead, run some scorecard, occasionally benchmark the system internally and externally, take advantage of some supplies and certain deliverables in a timely manner, and develop their own security-containing TQM iterations (Watts, Yapa and Dellaportas, 2014).
Although Company A has incurred significant expenses for these SAP R / 3 systems, it plans to remove many features and restore previous management accounting practices. Due to ease of manufacturing process, the use of ABC and BSC is considered to be fundamentally unnecessary, while the parts of the TQM and JIT have been merged and modify to suit organization. Respondents believe that the cost and time needs to totally incorporate the process is unreasonable. Company-A found that after the implementation of the SAP R / 3, added functionality did not improve the processing or processing of information. In fact, innovative system has created a complex system to some extent that many managers cannot understand (Kim, Ju-Eun and Hoyoung Kang, 2014). The rise of the modern MA emerged in late 20th century and is expected to revolutionize management accounting methods. Management accounting does not seem to be tied to cost accounting because technologies for example ABC, JIT and TQM are widely used in the industry. Motivations for adopting management accounting changes are usually divided into two wide categories, namely, strategic or lasting changes as well as operational and short-term changes.
Are MAS relevant to contemporary organisations? Discuss this with reference to: 
What evidence is there from the case company? Include examples in your answer. 
The MAS is most vital source of data and is also significant to provide strategic objectives of the organization. Therefore, some weakness and inefficiency in system will decrease productivity and efficiency moreover cause a lot of issues in organization.

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