The submission is in the form of an individual written report or as guided below. This should be written in a concise, formal business style using single spacing and font size 12. You are required to make use of headings, paragraphs and subsections as appropriate, and all work must be supported with research and referenced using the Harvard referencing system. Please also provide detail reference using the Harvard referencing system.
Assignment Section 1
Unit Learning Outcomes covered
Imagine that you have been working as a junior Management accountant under a probation period in a medium-sized company. There is a strong chance that upon successful completion of the probation period, you are appointed as a standard staff on the same position. Recently, your line manager has asked you to prepare written documents which will help them evaluate your potential for the position. This document will demonstrate that you understand the fundamentals of management accounting which apply to the wider business environment and the organizations. To complete the given task you have to explore how management accounting uses financial data to aid planning decisions, and the monitoring and control of finance within organizations so that you are in a position to present financial statements in a workplace context and be able to assist senior colleagues with financial business planning.
Part A: Produce a portfolio of completed calculations for financial statements, including income statements using variable costings.
Part B: Prepare a written document which includes supporting calculations from a portfolio of completed financial statements, plus:
1. An explanation of the principles of management accounting.
2. Explanation of the role of management accounting and management accounting systems with reference to suitable examples.
3. The use of techniques and methods used in management accounting by presenting calculations for an income statement using variable costings.
4. Explanation of how management accounting is integrated within an organisation.
5. The benefits of the function to the organization
Assignment section 2
Unit Learning Outcomes covered
Imagine that you have been asked by your line manager to produce a report which analyses the organisation’s use of planning tools to ensure financial stability and performance as well as ways in which management accounting has played a key role in preventing and solving financial problems.
This section of assignment consists
Part A: An essay which first explain the advantages and disadvantages of different types of planning tools used in the budgetary control and then compares and contrasts three planning tools used in management accounting, indicating how effective you judge each to be and why. Your judgements should be supported by evidence.
Part B: A report using specific case studies as examples, compare ways in which management accounting is applied, the effectiveness of management accounting in dealing with financial problems and preventing financial problems in organisations.
Note: You must refer the following table while completing the assignments. In order to pass you must address all pass criteria as appropriate in the tasks above. Similarly, to be awarded Merit you must address all pass criteria and all merit criteria as demanded. Similarly for distinction, you must meet all pass, merit and distinction criteria.
Learning Outcomes and Assessment Criteria
LO1 Demonstrate an understanding of management
D1 Critically evaluate how
systems and management
accounting reporting is
P1 Explain management
accounting and give the
essential requirements of
different types of
P2 Explain different
methods used for
M1 Evaluate the benefits
accounting systems and
their application within an
LO2 Apply a range of management accounting
D2 Produce financial
reports that accurately
apply and interpret data
for a range of business
P3 Calculate costs using
appropriate techniques of
cost analysis to prepare
an income statement
using marginal and
M3 Analyse the use of
different planning tools
and their application for
preparing and forecasting
LO3 Explain the use of planning tools used in
LO3 & 4
D3 Evaluate how planning
tools for accounting
respond appropriately to
solving financial problems
to lead organisations to
P4 Explain the
disadvantages of different
types of planning tools
used for budgetary
M4 Analyse how, in
responding to financial
accounting can lead
LO4 Compare ways in which organisations could use
management accounting to respond to financial
P5 Compare how organisations are adapting management accounting systems to respond to financial problems.
M4 Analyse how, in responding to financial problems, management accounting can lead organisations to sustainable success.
Mention all the grades awarded in this assignments:
Note: Please access HN Global for additional resources support and reading for this unit. For further guidance and support on report writing please refer to the Study Skills Unit on HN Global. Link to www.highernationals.com
Note: Refer the unit details provided in your handbook when responding all the tasks above. Make sure that you have understood and developed your response that matches the highlighted key words in each task.
The center policy is that you must submit your work within due date to achieve “Merit” and “Distinction”. Late submission automatically eliminates your chance of achieving “Merit and Distinction”. Also, you need to successfully complete the internal exam the college conducts and maintain 80% attendance to validate this assignment.
I declare that all the work submitted for this assignment is my own work and I understand that if any part of the work submitted for this assignment is found to be plagiarised, none of the work submitted will be allowed to count towards the assessment of the assignment.
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