Higher Nationals
\nAssignment Brief \u2013 BTEC (RQF)
\nHigher National Diploma in Business Management
\nLearner Name ID
\nProgramme Name Pearson BTEC Higher National Diploma in Business Management
\nUnit Number and Title Unit 5 \u2013 Management Accounting
\nCredit Value 15 Unit Level
\n4
\nAcademic Year 2020-21 Cohort April 2021
\nAssessor Mohammad Islam
\nAssignment Title Management Accounting Principles (Part 1)
\nEffective Planning Tools for Managing Accounts (Part 2)
\nIssue Date 27\/09\/21
\nSubmission Deadline Saturday 29\/01\/2022 11:59 PM UK Time
\nIV Name Kashif Khan
\nIV Date 22\/09\/2021
\nStatement of Authenticity:
\nI certify that the work submitted for this unit is my own and the research sources are fully acknowledged.
\nLearner Name: Date:
\nGuideline for Final Submission
\n\u2022 The submission must be in the specific format(s) as specified in the assignment brief instructions.
\n\u2022 The assignment should be submitted in a MS Word\u00a9 format, or equivalent.
\n\u2022 The assignment has TWO parts. Please read both parts carefully.
\n\u2022 Ideally, you should complete Part 1 before Week 7 and make sure you get formative feedback from your Assessor during teaching week 6 and 7.
\n\u2022 It is also recommended, you complete Part 2 before Week 14 and get formative feedback from your lecturer during teaching week 14 and 15.
\n\u2022 There will be only one submission link in Turnitin. You are quired to compile Part 1 and Part 2 into one Microsoft Word file for submission.
\n\u2022 Please access HN Global for additional resources to support and reading for this unit. For further guidance and support on report writing please refer to the Study Skills Unit on HN Global www.highernationals.com
\nSubmission Format: Part 1
\nThe submission is in the form of a report. The report should be written in a concise, formal business style using 1.5 line spacing and font size 12. You are required to make use of headings, paragraphs and subsections as appropriate. Your research should be referenced using the Harvard referencing system. Please also provide a reference list using the Harvard referencing system. The recommended word limit is 2,000\u20132,500 words, although you will not be penalised for exceeding the total word limit.
\nThe submission must include a completed portfolio of income statements that demonstrate calculations using variable costings.
\nUnit Learning Outcomes
\nLO1 Demonstrate an understanding of management accounting systems
\nLO2 Apply a range of management accounting techniques
\nAssignment Brief and Guidance
\nScenario and activity:
\nYou are an accountant clerk for a medium-sized enterprise in the manufacturing sector. You can select an organisation of your choice or use your own place of work (if appropriate). In an effort to promote understanding between different departments in the organisation, you and your colleagues have been asked by your line manager to prepare a report on the role and function of the management accounts department, covering the management accounting systems operating in the organisation as well as the range of techniques used.
\nThe report should include:
\n1. An explanation of the principles of management accounting.
\n2. The role of management accounting and management accounting systems.
\n3. The use of techniques and methods used in management accounting by presenting calculations for an income statement using marginal and absorption costings to show how these financial reporting and statements support business growth and success.
\n4. Assessment of how management accounting is integrated within the organisation.
\n5. The benefits of the function to the organisation.
\n6. Conclusions that critically reflect the application of management accounting.
\nThe report must include a completed portfolio of income statements that demonstrate calculations using marginal and absorption costings.
\nSubmission Format: Part 2
\nThe submission is in the form of an individual written report. This should be written in a concise, formal business style using single spacing and font size 12. You are required to make use of headings, paragraphs and subsections as appropriate, and all work must be supported with research and referenced using the Harvard referencing system. Please also provide a bibliography using the Harvard referencing system. The recommended word limit is 1,500\u20132,000 words, although you will not be penalised for exceeding the total word limit.
\nUnit Learning Outcomes
\nLO3 Explain the use of planning tools used in management accounting.
\nLO4 Compare ways in which organisations could use management accounting to respond to financial problems
\nAssignment Brief and Guidance
\nScenario and activity:
\nSelect an organisation of your choice or use your own place of work (if appropriate). In your role of Helpant financial accountant, you have been asked by your line manager to produce a report which analyses the organisation\u2019s use of planning tools to ensure financial stability and performance as well as ways in which management accounting has played a key role in preventing and solving financial problems. You are to produce a business report that analyses the use of different methods used for management accounting and make recommendations for which of these methods should be applied to achieve sustainable success.
\n1. Compare and contrast three planning tools used in management accounting, indicating how effective you judge each to be and why. Your judgements should be supported by examples to demonstrate advantages and disadvantages.
\n2. Using specific case studies as examples, compare ways in which management accounting is applied, the effectiveness of management accounting in dealing with financial problems and preventing financial problems in organisations.
\n3. Provide conclusions and recommendations to the organisation on which methods to apply in order to achieve sustainable business success, based on your findings and evidence provided.
\nLearning Outcomes and Assessment Criteria
\nPass Merit Distinction
\nLO1 Demonstrate an understanding of management
\naccounting systems
\nD1 Critically evaluate how management accounting systems and management
\naccounting reporting is
\nintegrated within organisational processes.
\nP1 Explain management accounting and give the essential requirements of
\ndifferent types of management accounting systems.
\nP2 Explain different methods used for management accounting reporting. M1 Evaluate the benefits of management accounting systems and their application within an
\norganisational context.
\nLO2 Apply a range of management accounting techniques
\nD2 Produce financial reports that accurately apply and interpret data for a range of business activities.
\nP3 Calculate costs using
\nappropriate techniques of
\ncost analysis to prepare an
\nincome statement using
\nmarginal and absorption costs. M2 Accurately apply a range of management accounting techniques and produce appropriate financial reporting documents.
\nLO3 Explain the use of planning tools used in
\nmanagement accounting
\nLO3 and LO4
\nD3 Evaluate how planning
\ntools for accounting
\nrespond appropriately to
\nsolving financial problems
\nto lead organisations to sustainable success.
\nP4 Explain the advantages and disadvantages of different types of planning tools used for budgetary control. M3 Analyse the use of
\ndifferent planning tools and their application for
\npreparing budgets and forecasts.
\nLO4 Compare ways in which organisations could use
\nmanagement accounting to respond to financial problems
\nP5 Compare how organisations are adapting management accounting systems to respond to financial problems. M4 Analyse how, in
\nresponding to financial
\nproblems, management
\naccounting can lead organisations to sustainable success.<\/p>\n","protected":false},"excerpt":{"rendered":"
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