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MA620 Advanced Management Accounting

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MA620 Advanced Management Accounting

MA620 Advanced Management Accounting 

Assignment Description 

“While many Australian businesses use traditional cost systems, these systems have been widely criticised for failing to provide accurate product costs to inform management decisions. Activity Based Costing (ABC) has evolved as an alternative approach” (Langfield-Smith, Thorne& Hilton, 2015) 

Required

With reference to the above statement, write a report to discuss:

·         whether the Australian businesses should completely cease the use of the traditional cost systems.

·         adopt ABC approach to cost allocations to resolve the issues of costing altogether.

Report should include a case study from the management accounting literature:

·         review and summarise findings of a case study to support the use of the traditional cost systems

·         review and summarise findings of a case study to support the use of the Activity Based Costing

 

Report should incorporate the following sections:

1.    Cover page

2.    Executive summary

3.    Table of contents

4.    Introduction

5.    Literature review: this section should include topics such as

ü  general principles for allocating indirect costs to cost objects

ü  costs and benefits of traditional cost systems

ü  ABC principles to assigning overhead costs to products

ü  costs and benefits of ABC approach

6.    Analysis and findings/summary of case studies

7.    Conclusion

8.    Reference list (8-10 references must be cited)

 

To achieve this task, you are required to:

·         review 4-6 peer reviewed articles to discuss whether the Australian businesses should completely cease the use of the traditional cost systems;

·         review 4-6 peer reviewed articles to discuss the appropriateness of the contemporary approaches to cost allocations (e.g. ABC approach) to resolve the issues of costing;

·         investigate a case study in the management accounting literature, review and summarise findings ofacase study to support the use of the traditional cost systems;

·         investigate a case study in the management accounting literature, review and summarise findings of a case study to support the use of the Activity Based Costing 

Note: Group members must complete a progress report in week 9 and email it to the unit lecturer. Report must explain contribution of each group member to the assignment. See Attachment.

Marking criteria:

Section to be included in the report

Detailed Description of the Criteria

Marks

Criterion 1

Structure and Clarity of the Report/Assignment

Ø  introductory paragraph

5

Ø  logical flow of clarity and structure of ideas and arguments

5

Ø  appropriate use of paragraph and headings to explain and discuss ideas

5

Ø  appropriate concluding paragraph

5

Ø  recommendations

5

Total marks for criterion 1

20

Criterion 2

Body/contents

Ø  discuss whether the Australian businesses should completely cease the use of the traditional cost systems

10

Ø  discuss the appropriateness of the contemporary approaches to cost allocations (e.g. ABC approach) to resolve the issues of costing

10

Ø  review and summarise a case study in the management accounting literature, to support the use of the traditional cost systems

10

Ø  review and summarise a case study in the management accounting literature, to support the use of the Activity Based Costing

10

Total marks for criterion 2

40

Criterion 3

Investigation and Analysis (12 references must be cited)

Ø  quality of information sources

4

Ø  completeness of investigation and analysis

4

Ø  accuracy and depth of analysis

4

Ø  appropriate use of in-text and end text referencing

4

Ø  appropriate number of references used

4

Total marks for criterion 3

20

Criterion 4

Contribution in group work

Ø  Group members must complete a progress report in week 9 and email it to the unit lecturer. Report must explain contribution of each group member to the assignment.

10

Total marks for criterion 4

10

Criterion 5

Presentation

Ø  layout

3

Details

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