HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T1 2021 Assessment Details and Submission Guidelines Trimester T1 2021 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 types of management accounting information that assists managers in organisational planning and control purposes. You are to collect primary data and also critically evaluate the literature (using journal articles) to analyse the practical use of management accounting information by contemporary organisations, and their relevance to decision-making by managers and achievement of business goals. (ULO 1 & 4) Weight 30% of the total assessments Total Marks 30 Word limit Not more than 3,000 words. Please use "word count" and include it in the assignment. Due Date Week 9 Wednesday, 19 May 2021 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, with 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 report's text and listed appropriately at the end in a reference list using Harvard referencing style. It is the student's responsibility to submit the work to ensure that the work is her/his work. Incorporating another's work or ideas into one's 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. Adapted Harvard Referencing Holmes has now implemented a revised Harvard approach to referencing: 1. Reference sources in assignments are limited to sources which provide full text access to the source's content for lecturers and markers. 2. The Reference list should be located on a separate page at the end of the essay and titled: References. 3. It should include the details of all the in-text citations, arranged alphabetically A-Z by author surname. In addition, it MUST include a hyperlink to the full text of the cited reference source. For example: P Hawking, B McCarthy, A Stein (2004), Second Wave ERP Education, Journal of Information Systems Education, Fall,Page 2 of 9 HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T1 2021 http://jise.org/Volume15/n3/JISEv15n3p327.pdf 4. All assignments will require additional in-text reference details which will consist of the surname of the author/authors or name of the authoring body, year of publication, page number of contents, paragraph where the content can be found. For example, "The company decided to implement an enterprise wide data warehouse business intelligence strategies (Hawking et al, 2004, p3(4))." Non - Adherence to Referencing Guidelines Where students do not follow the above guidelines: 1. Students who submit assignments which do not comply with the guidelines may be required to resubmit their assignments or incur penalties for inadequate referencing. 2. Late penalties will apply per day after a student or group has been notified of a resubmission requirement. Students whose citations are fake will be reported for academic misconduct.Page 3 of 9 HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T1 2021 Individual Assignment Specifications Assignment Task: You are required to collect primary data and conduct a literature search in this assignment. Part A (15 marks) Have a conversation with an Owner-Manager of a business in Australia or a Manager in an organisation such as a Bank, Retail Store, Restaurant, Hotel, Factory etc. Ask the Owner-Manager or the Manager the following questions: i) Does the business collect and use cost information for planning and control purposes? How often? (3 marks) ii) Who is responsible for the collection of cost information? Be as specific as possible. (3 mark) iii) What type of cost information does the business collect? Provide examples incl. types of reports. (3 marks) iv) How important does the Owner-Manager or the Manager believe cost information are to the Business's success? Explain. (3 marks) Question: Write a summary of the results of the interview. The content of the interview summary must include: date of the interview, (0.5 marks) the name and title of the person interviewed, (0.5 marks) name and location of the Business, (0.5 mark) type of Business (service, merchandising/retail, manufacturing) and a brief description of the goods/services provided by the Business, (1.5 mark) and responses to questions (i) - (iv) above. Part B This question is related to Part A (12 marks) Choose one peer-reviewed journal article (from any country) on the: Use of Cost Information in a real-life organisation (i.e. a case-based empirical study). The article should be published between 1990 - 2020. Choose your article only after you have accessed and reviewed several relevant articles, and then choose the best article that will answer the questions below. Questions: 1. Based on your chosen journal article, briefly summarise the types of cost information and the use of cost information for planning and control purposes. (4 marks) 2. Based on your chosen journal article, did the Owner or Manager(s) in the study use similar cost information as discussed in Part A? Why or why not? Include examples in your answer from your journal article. (3 marks) 3. Based on your chosen journal article, how useful was the accounting information to the internal users (Owner or Manager(s)) in the organisation? Discuss with examples from your journal article. (3 marks) 4. Based on your literature findings and interview findings (from Part A), state two key lessons that would inform contemporary organisations about the practical use of cost information. (2 marks) Page 4 of 9 HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T1 2021 Additional Information: a) You are encouraged to choose the journal article from the following Accounting and Management Accounting Journals: Accounting, Auditing and Accountability Journal; Journal of Management Accounting Research Journal of Applied Management Accounting Research b) 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. You can also use Google Scholar. Don't use Google. c) Your chosen journal article in Part B must be uploaded (as a separate PDF file) together with your assignment (as a MS WORD file format) in Blackboard under the folder . 5 marks will be deducted if you do not submit the journal article with your assignment. In addition, a hyperlink to the full text of your chosen article must also be included in the reference list (as per the Holmes Adapted Harvard Referencing guidelines on pg. 1-2) Assignment Structure: The report 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 report is about. e. Body of the assignment with appropriate section headings f. Conclusion g. List of References (follow the Holmes Adapted Harvard Referencing guidelines on pg. 1-2)Page 5 of 9 HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T1 2021 Academic Integrity Holmes Institute is committed to ensuring and upholding Academic Integrity, as Academic Integrity is integral to maintaining academic quality and the reputation of Holmes' graduates. Accordingly, all assessment tasks need to comply with academic integrity guidelines. Table 1 identifies the six categories of Academic Integrity breaches. If you have any questions about Academic Integrity issues related to your assessment tasks, please consult your lecturer or tutor for relevant referencing guidelines and support resources. Many of these resources can also be found through the Study Sills link on Blackboard. Academic Integrity breaches are a serious offence punishable by penalties that may range from deduction of marks, failure of the assessment task or unit involved, suspension of course enrolment, or cancellation of course enrolment. Table 1: Six categories of Academic Integrity breaches Plagiarism Reproducing the work of someone else without attribution. When a student submits their own work on multiple occasions this is known as self-plagiarism. Collusion Working with one or more other individuals to complete an assignment, in a way that is not authorised. Copying Reproducing and submitting the work of another student, with or without their knowledge. If a student fails to take reasonable precautions to prevent their own original work from being copied, this may also be considered an offence. Impersonation Falsely presenting oneself, or engaging someone else to present as oneself, in an in-person examination. Contract cheating Contracting a third party to complete an assessment task, generally in exchange for money or other manner of payment. Data fabrication and falsification Manipulating or inventing data with the intent of supporting false conclusions, including manipulating images. Source: INQAAHE, 2020 Page 6 of 9 HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T1 2021 Marking Criteria Marking Criteria Weighting Part A date of the interview, (0.5 mark) the name and title of the person interviewed, (0.5 mark) name and location of the Business, (0.5 mark) type of Business (service, merchandising/retail, manufacturing) and brief description of the goods/services provided by the Business, (1.5 mark) 3% i) Does the business collect and use cost information for planning and control purposes? How often? 3% ii) Who is responsible for the collection of cost information? Be as specific as possible. 3% iii) What type of cost information does the Business collect? 3% iv) How important does the Owner/Manager believe cost information is to the success of the Business? Explain. 3% Part B 1. Based on your chosen journal article, briefly summarise the types of cost information and the use of cost information for planning and control purposes in the real-life organisation. 4% 2. Based on your chosen journal article, did the Owner/Manager(s) in the study use similar cost information as discussed in Part A? Why or why not? Include examples in your answer from your journal article. 3% 3. Based on your chosen journal article, how useful was the accounting information to the internal users (Owner/Manager(s)) in the organisation? Discuss with examples from your journal article. 3% 4. Based on your literature findings and interview findings (from Part A), state two key lessons that would inform contemporary organisations about the practical use of cost information. 2% Overall Presentation of Assignment 3% TOTAL Weight 30%Page 7 of 9 HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T1 2021 Marking Rubric Excellent Very Good Good Satisfactory Unsatisfactory Part A date of the interview, the name and title of the person interviewed, name and location of the Business, type of Business (service, merchandising/re tail, manufacturing) and brief description of the goods/services provided by the Business, (0.5 mark) (0.5 mark) (0.5 mark) (1.5 mark) N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A i) Does the business collect and use cost information for planning and control purposes? How often? (3 marks) (2.1 - 3 marks) Present an excellent discussion of whether the business collect and use cost information for planning and control purposes and how often. (1.9 - 2 marks) Present a very good discussion of whether the business collect and use cost information for planning and control purposes and how often. (1.6 - 1.8 marks) Present a good discussion of whether the business collect and use cost information for planning and control purposes and how often. (1.1 - 1.5marks) Present a reasonable discussion of whether the business collect and use cost information for planning and control purposes and how often. (0 - 1 marks) Unable to explain whether the business collect and use cost information for planning and control purposes and how often, or is confusing. ii) Who is responsible for the collection of cost information? Be as specific as possible. (3 mark) (2.1 - 3 marks) Present an excellent discussion of Who is responsible for the collection of cost information (1.9 - 2 marks) Present a very good discussion of Who is responsible for the collection of cost information (1.6 - 1.8 marks) Present a good discussion of Who is responsible for the collection of cost information (1.1 - 1.5marks) Present a reasonable discussion of Who is responsible for the collection of cost information (0 - 1 marks) Unable to explain Who is responsible for the collection of cost information, or is confusing. iii) What type of cost information does the business collect? Provide examples incl. types of reports. (3 marks) (2.1 - 3 marks) Clear, concise and excellent explanation of the type of cost information the business collects, with examples incl. types of reports. (1.9 - 2 marks) A very good explanation of the type of cost information the business collects, with examples incl. types of reports. (1.6 - 1.8 marks) A good explanation of the type of cost information the business collects, with examples incl. types of reports. (1.1 -1.5 marks) Adequate explanation of the type of cost information the business collects, with examples incl. types of reports. (0 - 1 marks) Unable to present an explanation of the type of cost information the business collects, with inadequate examples incl. types of reports.Page 8 of 9 HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T1 2021 or confusing. iv) How important does the Owner-Manager or the Manager believe cost information are to the Business's success? Explain. (3 marks) (2.1 - 3 marks) Clear, concise and excellent explanation of the importance of cost information to the Business's success. (1.9 - 2 marks) A very good explanation of the importance of cost information to the Business's success. (1.6 - 1.8 marks) A good explanation of the importance of cost information to the Business's success. (1.1 - 1.5marks) An adequate explanation of the importance of cost information to the Business's success. (0 - 1 marks) Unable to present an explanation of the importance of cost information to the Business's success, or is confusing. Part B 1. Based on your chosen journal article, briefly summarise the types of cost information and the use of cost information for planning and control purposes. (4 marks) (3.6 - 4 marks) Present an excellent summary of the types of cost information and the use of cost information for planning and control purposes, based on your journal article. (2.9 - 3.5marks) Present a very good summary of the types of cost information and the use of cost information for planning and control purposes, based on your journal article. (2.1 - 2.8 marks) Present a good summary of the types of cost information and the use of cost information for planning and control purposes, based on your journal article. (1.6 - 2 marks) Present a reasonable summary of the types of cost information and the use of cost information for planning and control purposes, based on your journal article. (0 - 1.5 marks) Unable to summarise the types of cost information and the use of cost information for planning and control purposes, based on your journal article, or is confusing. 2. Based on your chosen journal article, did the Owner or Manager(s) in the study use similar cost information as discussed in Part A? Why or why not? Include examples in your answer from your journal article. (3 marks) (2.1 - 3 marks) Clear, concise, compelling discussion on whether the Owner or Manager(s) in the study used similar cost information as in Part A, with examples provided from your journal article. (1.9 - 2 marks) Present a very good discussion on whether the Owner or Manager(s) in the study used similar cost information as in Part A, with examples provided from your journal article. (1.6 - 1.8 marks) Present a good discussion on whether the Owner or Manager(s) in the study used similar cost information as in Part A, with examples provided from your journal article. (1.1 - 1.5marks) Present a reasonable discussion on whether the Owner or Manager(s) in the study used similar cost information as in Part A, with examples provided from your journal article. (0 - 1 marks) Unable to explain whether the Owner or Manager(s) in the study used similar cost information as in Part A, with inadequate examples provided from your journal article, or confusing, 3. Based on your chosen journal article, how useful was the accounting information to the internal users (Owner or Manager(s)) in the organisation? Discuss with examples from your journal article. (3 marks) (2.1- 3 marks) Present an excellent discussion of how useful the accounting information was to the internal users (Owner or Manager(s)) in the organisation (1.9 - 2 marks) Present a very good discussion of how useful the accounting information was to the internal users (Owner or Manager(s)) in the organisation with examples (1.6 - 1.8 marks) Present a good discussion of how useful the accounting information was to the internal users (Owner or Manager(s)) in the organisation with examples (1.1 - 1.5marks) Present a reasonable discussion of how useful the accounting information was to the internal users (Owner or Manager(s)) in the organisation (0 - 1 marks) Unable to explain how useful the accounting information was to the internal users (Owner or Manager(s)) in the organisation with inadequate Page 9 of 9 HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T1 2021 with examples from your journal article. from your journal article. from your journal article. with examples from your journal article. examples from your journal article, or confusing. 4. Based on your literature findings and interview findings (from Part A), state two key lessons that would inform contemporary organisations about the practical use of cost information. (2 marks) (1.7 - 2 marks) Clear, concise, compelling two key lessons that would inform contemporary organisations about the practical use of cost information. (1.3 - 1.6marks) A very good two key lessons that would inform contemporary organisations about the practical use of cost information. (0.9 - 1.2 marks) A good two key lessons that would inform contemporary organisations about the practical use of cost information. (0.5 - 0.8 marks) An adequate two key lessons that would inform contemporary organisations about the practical use of cost information. (0 - 0.4 marks) Unable to present two key lessons that would inform contemporary organisations about the practical use of cost information, or is confusing. Overall Presentation (3 marks) (2.1 - 3 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. (1.9 - 2 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. (1.6 - 1.8 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. (1.1 - 1.5marks) 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 marks) 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) /3