HOLMES INSTITUTEFACULTY OFHIGHER EDUCATION HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T1 2021 Assessment Details and Submission GuidelinesTrimesterT1 2021Unit CodeHI5017Unit TitleManagerial AccountingAssessment TypeAssignmentAssessment TitleIndividual AssignmentPurpose of theassessment (with ULOMapping)Students are required to develop their understanding of the types of managementaccounting information that assists managers in organisational planning and controlpurposes. You are to collect primary data and also critically evaluate the literature(using journal articles) to analyse the practical use of management accountinginformation by contemporary organisations, and their relevance to decision-makingby managers and achievement of business goals. (ULO 1 & 4)Weight30% of the total assessmentsTotal Marks30Word limitNot more than 3,000 words. Please use “word count” and include it in the assignment.Due DateWeek 9 Wednesday, 19 May 2021 at 11.59 p.m.SubmissionGuidelines• All work must be submitted on Blackboard by the due date, along with a completedAssignment Cover Page.• The assignment must be in MS Word format, with no spacing, 12-pt Arial font and 2cm margins on all four sides of your page with appropriate section headings andpage numbers.• Reference sources must be cited in the report’s text and listed appropriately at theend 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/hiswork. Incorporating another’s work or ideas into one’s work without appropriateacknowledgement is an academic offence. Students should submit all assignmentsfor plagiarism checking on Blackboard before final submission in the subject. Forfurther details, please refer to the Unit Outline and Student Handbook.Adapted Harvard ReferencingHolmes has now implemented a revised Harvard approach to referencing:1. Reference sources in assignments are limited to sources which provide fulltext 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 theessay and titled: References.3. It should include the details of all the in-text citations, arranged alphabeticallyA-Z by author surname. In addition, it MUST include a hyperlink to the fulltext of the cited reference source.For example:P Hawking, B McCarthy, A Stein (2004), Second Wave ERP Education, Journalof Information Systems Education, Fall, Page 2 of 9HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T1 2021 http://jise.org/Volume15/n3/JISEv15n3p327.pdf4. All assignments will require additional in-text reference details which willconsist of the surname of the author/authors or name of the authoring body,year of publication, page number of contents, paragraph where the contentcan be found.For example,“The company decided to implement an enterprise wide data warehousebusiness intelligence strategies (Hawking et al, 2004, p3(4)).”Non – Adherence to Referencing GuidelinesWhere students do not follow the above guidelines:1. Students who submit assignments which do not comply with the guidelinesmay be required to resubmit their assignments or incur penalties forinadequate referencing.2. Late penalties will apply per day after a student or group has been notified ofa resubmission requirement.• Students whose citations are fake will be reported for academic misconduct. Page 3 of 9HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T1 2021Individual Assignment SpecificationsAssignment Task: You are required to collect primary data and conduct a literature search in thisassignment.Part A (15 marks)Have a conversation with an Owner-Manager of a business in Australia or a Manager in an organisation suchas a Bank, Retail Store, Restaurant, Hotel, Factory etc. Ask the Owner-Manager or the Manager the followingquestions:i) Does the business collect and use cost information for planning and control purposes? How often? (3marks)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. (3marks)iv) How important does the Owner-Manager or the Manager believe cost information are to the Business’ssuccess? 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 thegoods/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-lifeorganisation (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 thebest 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 costinformation 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 costinformation as discussed in Part A? Why or why not? Include examples in your answer from your journalarticle. (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 wouldinform contemporary organisations about the practical use of cost information. (2 marks)Page 4 of 9HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T1 2021Additional Information:a) You are encouraged to choose the journal article from the following Accounting and ManagementAccounting Journals:Accounting, Auditing and Accountability Journal;Journal of Management Accounting ResearchJournal of Applied Management Accounting Researchb) You can access these journals in ProQuest Database by clicking on the above links. Log in details forProQuest are – Username: Holmes2004; Password: Holmes. These journals can also be accessed via theProQuest 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 yourassignment (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 (asper 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 numberb. Abstract (one paragraph)c. Table of contentsd. A brief introduction or overview of what the report is about.e. Body of the assignment with appropriate section headingsf. Conclusiong. List of References (follow the Holmes Adapted Harvard Referencing guidelines on pg. 1-2)Page 5 of 9HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T1 2021Academic IntegrityHolmes Institute is committed to ensuring and upholding Academic Integrity, as Academic Integrity is integralto maintaining academic quality and the reputation of Holmes’ graduates. Accordingly, all assessment tasksneed to comply with academic integrity guidelines. Table 1 identifies the six categories of Academic Integritybreaches. If you have any questions about Academic Integrity issues related to your assessment tasks, pleaseconsult your lecturer or tutor for relevant referencing guidelines and support resources. Many of theseresources 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 ofmarks, failure of the assessment task or unit involved, suspension of course enrolment, or cancellation ofcourse enrolment.Table 1: Six categories of Academic Integrity breaches PlagiarismReproducing the work of someone else without attribution. Whena student submits their own work on multiple occasions this isknown as self-plagiarism.CollusionWorking with one or more other individuals to complete anassignment, in a way that is not authorised.CopyingReproducing and submitting the work of another student, with orwithout their knowledge. If a student fails to take reasonableprecautions to prevent their own original work from being copied,this may also be considered an offence.ImpersonationFalsely presenting oneself, or engaging someone else to present asoneself, in an in-person examination.Contract cheatingContracting a third party to complete an assessment task,generally in exchange for money or other manner of payment.Data fabrication andfalsificationManipulating or inventing data with the intent of supporting falseconclusions, including manipulating images. Source: INQAAHE, 2020Page 6 of 9HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T1 2021Marking Criteria Marking CriteriaWeightingPart 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 briefdescription of the goods/services provided by the Business, (1.5 mark)3%i) Does the business collect and use cost information for planning and controlpurposes? 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 successof the Business? Explain.3%Part B1. Based on your chosen journal article, briefly summarise the types of cost informationand the use of cost information for planning and control purposes in the real-lifeorganisation.4%2. Based on your chosen journal article, did the Owner/Manager(s) in the study usesimilar cost information as discussed in Part A? Why or why not? Include examples inyour answer from your journal article.3%3. Based on your chosen journal article, how useful was the accounting information tothe internal users (Owner/Manager(s)) in the organisation? Discuss with examples fromyour journal article.3%4. Based on your literature findings and interview findings (from Part A), state two keylessons that would inform contemporary organisations about the practical use of costinformation.2%Overall Presentation of Assignment3%TOTAL Weight30% Page 7 of 9HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T1 2021Marking Rubric ExcellentVery GoodGoodSatisfactoryUnsatisfactoryPart A• date of theinterview,• the name andtitle of the personinterviewed,• name andlocation of theBusiness,• type of Business(service,merchandising/retail,manufacturing)and briefdescription of thegoods/servicesprovided by theBusiness,(0.5 mark)(0.5 mark)(0.5 mark)(1.5 mark)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/Ai) Does the businesscollect and use costinformation for planningand control purposes?How often? (3 marks)(2.1 – 3 marks)Present anexcellentdiscussion ofwhether thebusiness collectand use costinformation forplanning andcontrolpurposes andhow often.(1.9 – 2 marks)Present a verygood discussionof whether thebusiness collectand use costinformation forplanning andcontrolpurposes andhow often.(1.6 – 1.8 marks)Present a gooddiscussion ofwhether thebusiness collectand use costinformation forplanning andcontrol purposesand how often.(1.1 – 1.5marks)Present areasonablediscussion ofwhether thebusiness collectand use costinformation forplanning andcontrolpurposes andhow often.(0 – 1 marks)Unable toexplain whetherthe businesscollect and usecost informationfor planning andcontrolpurposes andhow often, or isconfusing.ii) Who is responsible forthe collection of costinformation? Be asspecific as possible. (3mark)(2.1 – 3 marks)Present anexcellentdiscussion ofWho isresponsible forthe collection ofcost information(1.9 – 2 marks)Present a verygood discussionof Who isresponsible forthe collection ofcostinformation(1.6 – 1.8 marks)Present a gooddiscussion ofWho isresponsible forthe collection ofcost information(1.1 – 1.5marks)Present areasonablediscussion ofWho isresponsible forthe collection ofcost information(0 – 1 marks)Unable toexplain Who isresponsible forthe collection ofcostinformation, oris confusing.iii) What type of costinformation does thebusiness collect? Provideexamples incl. types ofreports. (3 marks)(2.1 – 3 marks)Clear, conciseand excellentexplanation ofthe type of costinformation thebusinesscollects, withexamples incl.types of reports.(1.9 – 2 marks)A very goodexplanation ofthe type of costinformation thebusinesscollects, withexamples incl.types ofreports.(1.6 – 1.8 marks)A goodexplanation ofthe type of costinformation thebusiness collects,with examplesincl. types ofreports.(1.1 –1.5 marks)Adequateexplanation ofthe type of costinformation thebusinesscollects, withexamples incl.types of reports.(0 – 1 marks)Unable topresent anexplanation ofthe type of costinformation thebusinesscollects, withinadequateexamples incl.types of reports. Page 8 of 9HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T1 2021 or confusing.iv) How important doesthe Owner-Manager orthe Manager believe costinformation are to theBusiness’s success?Explain. (3 marks)(2.1 – 3 marks)Clear, conciseand excellentexplanation ofthe importanceof costinformation tothe Business’ssuccess.(1.9 – 2 marks)A very goodexplanation ofthe importanceof costinformation tothe Business’ssuccess.(1.6 – 1.8 marks)A goodexplanation ofthe importanceof costinformation tothe Business’ssuccess.(1.1 – 1.5marks)An adequateexplanation ofthe importanceof costinformation tothe Business’ssuccess.(0 – 1 marks)Unable topresent anexplanation ofthe importanceof costinformation tothe Business’ssuccess, or isconfusing.Part B1. Based on your chosenjournal article, brieflysummarise the types ofcost information and theuse of cost informationfor planning and controlpurposes. (4 marks)(3.6 – 4 marks)Present anexcellentsummary of thetypes of costinformation andthe use of costinformation forplanning andcontrolpurposes, basedon your journalarticle.(2.9 – 3.5marks)Present a verygood summaryof the types ofcostinformation andthe use of costinformation forplanning andcontrolpurposes, basedon your journalarticle.(2.1 – 2.8 marks)Present a goodsummary of thetypes of costinformation andthe use of costinformation forplanning andcontrol purposes,based on yourjournal article.(1.6 – 2 marks)Present areasonablesummary of thetypes of costinformation andthe use of costinformation forplanning andcontrolpurposes, basedon your journalarticle.(0 – 1.5 marks)Unable tosummarise thetypes of costinformation andthe use of costinformation forplanning andcontrolpurposes, basedon your journalarticle, or isconfusing.2. Based on your chosenjournal article, did theOwner or Manager(s) inthe study use similar costinformation as discussedin Part A? Why or whynot? Include examples inyour answer from yourjournal article. (3 marks)(2.1 – 3 marks)Clear, concise,compellingdiscussion onwhether theOwner orManager(s) inthe study usedsimilar costinformation asin Part A, withexamplesprovided fromyour journalarticle.(1.9 – 2 marks)Present a verygood discussionon whether theOwner orManager(s) inthe study usedsimilar costinformation asin Part A, withexamplesprovided fromyour journalarticle.(1.6 – 1.8 marks)Present a gooddiscussionon whether theOwner orManager(s) in thestudy usedsimilar costinformation as inPart A, withexamplesprovided fromyour journalarticle.(1.1 – 1.5marks)Present areasonablediscussion onwhether theOwner orManager(s) inthe study usedsimilar costinformation asin Part A, withexamplesprovided fromyour journalarticle.(0 – 1 marks)Unable toexplain whetherthe Owner orManager(s) inthe study usedsimilar costinformation asin Part A, withinadequateexamplesprovided fromyour journalarticle, orconfusing,3. Based on your chosenjournal article, how usefulwas the accountinginformation to theinternal users (Owner orManager(s)) in theorganisation? Discusswith examples from yourjournal article. (3 marks)(2.1- 3 marks)Present anexcellentdiscussion ofhow useful theaccountinginformation wasto the internalusers (Owner orManager(s)) inthe organisation(1.9 – 2 marks)Present a verygood discussionof how usefulthe accountinginformation wasto the internalusers (Owner orManager(s)) inthe organisationwith examples(1.6 – 1.8 marks)Present a gooddiscussion of howuseful theaccountinginformation wasto the internalusers (Owner orManager(s)) inthe organisationwith examples(1.1 – 1.5marks)Present areasonablediscussion ofhow useful theaccountinginformation wasto the internalusers (Owner orManager(s)) inthe organisation(0 – 1 marks)Unable toexplain howuseful theaccountinginformation wasto the internalusers (Owner orManager(s)) inthe organisationwith inadequate Page 9 of 9HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T1 2021 with examplesfrom yourjournal article.from yourjournal article.from your journalarticle.with examplesfrom yourjournal article.examples fromyour journalarticle, orconfusing.4. Based on yourliterature findings andinterview findings (fromPart A), state two keylessons that would informcontemporaryorganisations about thepractical use of costinformation. (2 marks)(1.7 – 2 marks)Clear, concise,compelling twokey lessons thatwould informcontemporaryorganisationsabout thepractical use ofcostinformation.(1.3 – 1.6marks)A very good twokey lessons thatwould informcontemporaryorganisationsabout thepractical use ofcostinformation.(0.9 – 1.2 marks)A good two keylessons thatwould informcontemporaryorganisationsabout thepractical use ofcost information.(0.5 – 0.8 marks)An adequatetwo key lessonsthat wouldinformcontemporaryorganisationsabout thepractical use ofcostinformation.(0 – 0.4 marks)Unable topresent two keylessons thatwould informcontemporaryorganisationsabout thepractical use ofcostinformation, oris confusing.Overall Presentation(3 marks)(2.1 – 3 marks)Include allelements and isvery wellpresented.Writing flowsclearly andsections arelinked veryeffectively.Referencing isexemplary.English is usedvery effectivelyand error-free.(1.9 – 2 marks)Include allelements and iswell presented.Writing flowsclearly andsections arelinkedeffectively.Referencing isof a highstandard.English is usedeffectively withvery few errorspresent.(1.6 – 1.8 marks)Include allelements and isgenerallypresentedappropriately.Writing mostlyflows well andsections arelinked.Referencing is inaccordance withguidelines.English is usedeffectively withfew errorspresent.(1.1 – 1.5marks)Include mostelements and isadequatelypresented.Writingsometimes doesnot flow clearlyleaving thepaper to seemdisjointed inareas.Referencing issomewhat inaccordance withguidelines. BasicEnglish is usedwith someerrors present.(0 – 1 marks)Lack keyelements and ispoorlypresented.Writing doesnot flow clearlyleaving thepaper to seemdisjointed.Referencing isnot inaccordance withrelevantguidelines. BasicEnglish is usedwith errorspresent.Total Marks (30)/30
