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Assessment Number 1: Report (30%)Assessment Title: "Management Accounting"Assessment Length: 2,500 words
NOTE: Kindly share your UPDATED exam paper to the LIVE EXPERT with an updated Case Study (if any)
Learning Outcomes:LO1 Categorise management accounting and specific quantitative techniques.LO2 Apply the main current technical language and practices of management accounting.
Assignment brief:Management accounting is one of the key functions of an organisation. Various techniques are used for decision-making for short, medium and long term. Over the years, there has also been a change in the role of management accountants and how management accounting can support the strategic management process for the organisation to meet their objectives
Required:Evaluate the various techniques used in management accounting and how the role of a Management Accountant has evolved to support the strategic management process. You need to address the following in your report:
Principles of Management Accounting
Required for submission.
Minimum Secondary Research Source Requirements:Level HE5 - It is expected that the Reference List will contain between ten and fifteen sources. As a MINIMUM the Reference List should include two refereed academic journals and four academic books.
Sources of secondary literature
Specific Assessment CriteriaFirst class (70% and above):This piece of work shows evidence of wider research with reference to a number of differing academic viewpoints. The report has recognised relevantly and discussed in detail, all the requirements on principles and techniques of management accounting, the role of a traditional management accountant and a Management Accountant Business Partners. Several reasoned and logical arguments have been developed well and supported by a wide range of appropriately researched literature. Reference to two or more academic models or examples is clear, relevant and informative. Presentation is of a high standard, and in the appropriate report format. Extensive research demonstrating use of a wide range of current secondary research sources will be evident. Academic style and referencing will be excellent.
Second class (50-69%):A clear and informative piece of work with evidence of wider research and discussion. The essay has correctly recognised and discussed, all the requirements on principles and techniques of management accounting, the role of a traditional management accountant and a Management Accountant Business Partners. Some reasoned arguments have been developed and supported by a good number of sources. Reference to two academic models or examples is clear. Presentation is of a good standard, in the appropriate essay style. A good number of appropriate sources have been referenced well, with most complying with the Harvard style. Research demonstrating use of a wide range of current secondary research sources will be evident. Academic style and referencing will be good.
Third class (40-49%):A reasonable attempt has been made at researching the essay but greater in-depth discussion and academic debate is required. The essay has recognised the requirements on principles and techniques of management accounting, the role of a traditional management accountant and a Management Accountant Business Partners., however mostly the discussion is superficial and lacking in any depth. Reference to two academic models or examples has been attempted. Presentation of the essay is limited. Research demonstrating use of a range of current secondary research sources will be evident. Academic style and referencing will be fair.
Fail (39% and below):Students who do not meet the requirements of a third-class grade will not successfully complete the assessment activity.
Guidelines for the Preparation and Submission of Written Assessments
7. Late work will be subject to the penalties:Up to 7 calendar days late = 10 marks subtracted but if the assignment would normally gain a pass mark, then the final mark to be no lower than the pass mark for the assignment.More than 7 calendar days late = This will be counted as non-submission and no marks will be recorded.Late submission of assessments on refer and those which are graded Pass/Fail only, is not permitted. Students may request an extension to the original published deadline date as described below.8. In the case of exceptional and unforeseen circumstances, an extension of up to 14 days after the assessment deadline may be granted. This must be agreed by your Programme Leader, following a discussion the Module Tutor. You should complete an Extension Request Form available from your Tutor and attach documentary evidence of your circumstances, prior to the published submission deadline.Extensions over 14 calendar days should be requested using the Mitigating Circumstances procedure, with the exception of extensions for individual projects and artefacts which, at the discretion of the Programme Leader, may be longer than 14 days. Requests for extensions which take a submission date past the end of the module (normally week 15) must be made using the Mitigating Circumstances procedures.Some students with registered disabilities will be eligible for revised submission deadlines. Revised submission deadlines do not require the completion extension request paperwork.Please note that the failure of data storage systems is not considered to be a valid reason for an extension. It is therefore important that you keep multiple copies of your work on different storage devices before submitting it.You should always ensure you keep a copy of any assignment submitted by whatever method.
ASSIGNMENT MARKING GUIDEMarks are awarded for structure and referencing of the essay as well as for the extent of the literature review, depth of analysis/evaluation and formation of a conclusion.
Answer is expected to include:
%
Introduction and principles of management accounting
15
Use of techniques and methods used in Management Accounting
20
A discussion on the role of a management accountant and how it changed over the years.
Compare and contrast between traditional management accounting and the role of the Finance Business Partner.
A discussion of the strategic contribution made to the organisation by Finance Business Partners
10
Formation of logical conclusion following a well-reasoned argument.
5
English/Structure/referencing/Report format / bibliography.
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