Subject Code & Title :- HI5017 Managerial Accounting
Assessment Type :- Assignment
Weight :- 40% of the total assessments
Word limit :- 2500 – to not more than 3,000 words for Part A and B 1000 words for Part C.
Please use “word count” and include the word count in the assignment cover page
HI5017 Managerial Accounting Assignment
Purpose of the assessment :-
Students are required to develop their understanding of the types of management accounting information that assists managers in organisational planning and control purposes. You need to critically evaluate the literature using journal articles and online news papers and business magazines to determine the practical use of management accounting information by contemporary organisations and their relevance to decision-making by managers and achievement of business goals. Additionally each student is to provide a critical reflection of their personal learning process as it relates to fulfilling the learning outcomes of this unit. (ULO 1, 2, 3 and 4).
Part A :-
With the push towards green energy and sustainable business operations in the 21st century managerial accountants have to use the necessary tools and techniques to provide information to management so they can make well informed decisions. Management accountants’ must be value creators to remain relevant.
Required:
From the academic literature discuss the issues concerning the above statement. Include strategic planning as a value creating role as well as specific examples to support your answer.
Additional Information for Part A:
For the academic literature, you must source at least 2 peer-reviewed journal articles. For peer-reviewed journal articles you can search online using Google Scholar (not Google), or use the following Accounting and Management Accounting Journals via the ProQuest Database by clicking on the links below:
Accounting, Auditing and Accountability Journal
Journal of Management Accounting Research
Journal of Applied Management Accounting Research
Log in details in 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.
HI5017 Managerial Accounting Assignment
Part B :
21st century organisations are affected by developments and news from their external environment which in turn influences management accountants’ role and work.
Required :-
Choose one online article published recently in a newspaper or a business magazine (not an academic journal article) that has reported an issue that would impact business operations – in general or in a specific industry (e.g. Tourism, Manufacturing, Transport etc.) in any country. Articles (online) to be published from January 2022 – current in any country and use it to answer the questions below:
Questions to answer:
a) Appropriateness of the article chosen with relevance to its impact on business operations or a specific industry in any country. (2 marks) No answer required from students. Marker to read article.
b) Was it difficult to select the article? Yes or No and explain.
c) Demonstrate with examples why you consider your chosen article is relevant to managerial accountants in 21st century organisations? i.e. How will the reported information influence management accountants’ work?
d) Based on your findings in Part A and Part B of this assignment provide two (2) recommendations to inform businesses about the role of managerial accounting in 21st century organisations.
HI5017 Managerial Accounting Assignment
Additional Information for Part B:
You should access published articles online from news papers business magazines or relevant business and accounting websites. Suggested online websites are listed below (refer to Business section but are not limited to:
• The Guardian
• Time Magazine
• CNN
• Herald Sun
• The Sydney Morning Herald
• Institute of Certified Management Accountant (ICMA) Australia and New Zealand website
HI5017 Managerial Accounting Assignment
Search and read several articles before you select the article you will use. The chosen article must be referenced using the Holmes Adapted Harvard Referencing style with the hyper link of the article added in the reference list.
Part C :-
In this section you will be discussing about your learning experience in this unit, the relevance of the unit material and assessments in the unit to your understanding of management accounting in general and your under standing of how management accounting concepts and techniques assist managers in making decisions to real world business problems.
Required :-
Specifically you are to provide reflections or comments on each of the following:
a) Comment on what knowledge you have gained about managerial accounting and how will it be useful to you in your future?
b) Comment on what you learned from the individual assignment.
What was interesting what was challenging and what did you learn from it?
c) Comment on what you learned about the various management accounting concepts and techniques that will assist managers in making decisions to real world business problems. What concepts and techniques you found interesting and what did you learn from it?
HI5017 Managerial Accounting Assignment
NOTE: In Part C only, you are not expected to provide any in-text citations and references as you are to use your own words when reflecting about the knowledge and learning experience you gained in HI5017.
Assignment Structure :-
The assignment 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 assignment is about
e. Body of the assignment with appropriate section headings
f. Conclusion
f. List of References (follow the Holmes Adapted Harvard Referencing guidelines on pg. 2-3)
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