Melbourne Institute of Technology Pty Ltd CRICOS Provider No: 01545C, - PDF document

Melbourne Institute of Technology Pty Ltd CRICOS Provider No: 01545C, 03245K NSW Assessment Details and Submission Guidelines Course Name Bachelor of Business Unit Code BA230 Unit Title Advanced Management Accounting Assessment Type Group Assignment - Trimester 2, 2017 Assessment Title Assessment 4 - Group Report and Oral Presentation Purpose of the The purpose of this assignment is to assess the following Learning assessment Outcomes: a. Demonstrate advanced understanding of management accounting in the contemporary business environment b. Develop and apply appropriate approaches to generate cost information for business decisions c. Describe and explain the role of performance management in the analysis of business performance d. Analyse and apply diverse performance measures to a range of performance management problems Weight: Written report 10% Oral presentation 10% Word Limit Written report - 2000 words Oral presentation – 8-10 PowerPoint Slides Total Marks: 100 Release Date: Week 3 Written report – Week 10 Due Date: Oral presentation – Weeks 10-11  Group size: This assignment should be completed in groups of four. Submission  All work must be submitted via Turnitin by the due date along with a Guidelines: completed Assignment Cover Page.  The assignment must be in Ms Word format, 1.5 spacing, 11-pt Calibri (Body) font and 2 cm margins on all four sides of your page with appropriate section headings.  Reference sources must be cited in the text of the report, and listed appropriately at the end in a reference list using APA referencing style.  If an extension of time to submit work is required, a Special Extension: Consideration Application must be submitted directly to the School's Administration Officer, in Melbourne on Level 6 or in Sydney on Level 7. You must submit this application three working days prior to the due date of the assignment. Further information is available at: http://www.mit.edu.au/about-mit/institute-publications/policies- procedures-and-guidelines/specialconsiderationdeferment

This group assignment comprises of two parts: written report and oral presentation. In the written report, students review current literature, and evaluate modern Management Accounting practices in the firms operating in competitive business environments in particular need accurate cost information in order to make informed decisions. Based on information provided in the written report, students make 10- 15 minutes’ oral presentation (8-10 PowerPoint Slides). Assignment details Part I: Written Report (2000 words) The following quotes are based on Mowen, M., Hansen, D., Heitger, D., Sands, J., Winata, L. & Su, S., (2016). Managerial Accounting, 1st edition. South Melbourne: Cengage Learning. Plant-wide and departmental rates based on direct labour hours, machine hours, or other volume-based measures have been used for decades to assign overhead costs to products and continue to be used successfully by many organisations. However, for many settings, this approach to costing is equivalent to an averaging approach and may produce distorted, or inaccurate, costs. Firms operating in competitive business environments in particular need accurate cost information in order to make informed decisions (Mowen 2016, p. 278). The underlying assumption that is activities consume resources, and cost objects, in turn consume activities have lead up to the development of Activity Based Costing system in the contemporary manufacturing firms (Mowen 2016, p. 289). Required: 1) With reference to the above statement, describe what problems could arise with the traditional costing systems for product costing in a modern manufacturing environment. 2) Describe the two dimensions of the activity-based costing model, and explain how costs are assigned to activities. 3) Explain how contemporary manufacturing companies/businesses can benefit from adopting activity-based costing. 4) Describe the limitations of activity-based costing and factors that may impede the introduction of ABC. To complete written report students are required to:  review current literature, gather the information by conducting research using peer reviewed journal articles available online through the MIT library databases. In your literature review, you must include at least 6-8 peer reviewed articles (use APA reference style to present the references).  write a report on various approaches to costing in a modern manufacturing environment based on the above questions

Marking criteria for the written report Assessment Criteria Marks awarded Structure and Clarity of the Report/Assignment 5  introductory paragraph  logical flow of clarity and structure of ideas and arguments  response to questions  appropriate use of paragraph and headings to explain and discuss ideas  appropriate concluding paragraph  recommendations Body/contents 20  Analyse traditional costing systems for product costing  Discuss issues associated with traditional costing systems for product costing  Analyse activity-based costing model, and explain how costs are assigned to activities.  Discuss how contemporary manufacturing companies/businesses can benefit from adopting activity-based costing  Discuss the limitations of activity-based costing and factors that may impede the introduction of ABC Research and Analysis 20  quality of research undertaken  completeness of research and analysis  accuracy and depth of analysis  appropriate use of in-text and end text referencing  appropriate number of references used  quality of information sources  appendices Presentation 5  layout  formatting  spelling/grammar Total marks 50

Marking criteria for the presentation Assessment Criteria Marks awarded Power-points are original, include appropriate content and have systematic flow 10 Ability to communicate clearly 10 Capture audience attention 10 Ability to interact with audience 10 Demonstrated group cooperation, coordination and collaboration 10 Total marks 50