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Unit 4 Management Acclounting

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Unit 4 Management Acclounting

Submission Format

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 

  • LO1Demonstrate an understanding of management accounting systems
  • LO2 Apply a range of management accounting techniques

 

Scenario A 

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 

  • LO3Explain the use of planning tools used in management accounting.
  • LO4 Compare ways in which organisations could use management accounting to respond to financial problems

Scenario 

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

Pass

Merit

Distinction

LO1 Demonstrate an understanding of management

accounting systems

 

 

D1 Critically evaluate how

management accounting

systems and management

accounting reporting is

integrated within

organisational processes.

P1 Explain management

accounting and give the

essential requirements of

different types of

management accounting

systems.

P2 Explain different

methods used for

management accounting

reporting.

M1 Evaluate the benefits

of management

accounting systems and

their application within an

organisational context.

LO2 Apply a range of management accounting

techniques

 

 

D2 Produce financial

reports that accurately

apply and interpret data

for a range of business

activities.

P3 Calculate costs using

appropriate techniques of

cost analysis to prepare

an income statement

using marginal and

absorption costs.

M3 Analyse the use of

different planning tools

and their application for

preparing and forecasting

budgets.

LO3 Explain the use of planning tools used in

management accounting

 

 

LO3 & 4

D3 Evaluate how planning

tools for accounting

respond appropriately to

solving financial problems

to lead organisations to

sustainable success.

 

P4 Explain the

advantages and

disadvantages of different

types of planning tools

used for budgetary

control.

M4 Analyse how, in

responding to financial

problems, management

accounting can lead

organisations to

sustainable success.

LO4 Compare ways in which organisations could use

management accounting to respond to financial

problems

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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