HOLMES INSTITUTE
FACULTY OF
HIGHER EDUCATION
Assessment Details and Submission Guidelines
Trimester T1 2020
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 purpose and use of management
accounting systems, and its usefulness in aiding managers make informed decisions. You are to
critically evaluate the literature (using journal articles) to analyse the practical use of
management accounting systems by contemporary companies, in terms of their relevance to
the decision-making by managers and achievement of business goals (ULO 1,2,3,4)
Weight 30% of the total assessments
Total Marks 30
Word limit Not more than 3,000 words. Please use “word count” and include in assignment.
Due Date Week 9 Sunday the 31st May 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, 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 text of the report, and listed appropriately at the end
in a reference list using Harvard referencing style.
• It is the responsibility of the student who is submitting the work, to ensure that the work is
in fact he
his own work. Incorporating another’s work or ideas into one’s own 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.
Page 2 of 6
HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T1 2020
HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T1 2020
Individual Assignment Specifications
Purpose:
This assignment aims at developing your understanding of the purpose and use of management accounting
systems, and its usefulness in aiding managers make informed decisions. You are to critically evaluate the
literature (using journal articles) to analyse the practical use of management accounting systems by
contemporary companies, in terms of their relevance to the decision-making by managers and achievement
of business goals.
Assignment Task:
Journal Article Critique (30 Marks)
You are required to conduct a literature search and discussion in this assignment.
You are to choose a peer reviewed journal article (from any country) on the:
-Use of Budgeting as a management technique for managing resources.
The article should be published between 2010 – 2020. Choose your article only after you have accessed
several relevant articles, and then choose the best articles that will answer the assignment question below.
Required: Critically evaluate the relevance and challenges of budgeting systems by answering the 5 questions
elow:
Questions:
1. Briefly discuss the budgeting process. (5 marks)
2. Based on your selected journal article, discuss citing examples whether the budgeting process satisfies
the purpose of planning, controlling and evaluating performance. (5 marks)
3. The two widely used practices in preparing budgets are ‘top down’ budgeting and ‘bottom up’
udgeting. Identify and explain the practice adopted by the organisation discussed in your selected
journal article and further explain the behavioural implications of adopted practice. (5 marks)
4. Based on your literature findings (above), critically evaluate the comment that ‘traditional budgeting
practices are constraint on creativity, and the time and energy spent on budget formulation is better
spent elsewhere’.
5. Based on your literature findings (above), would you recommend budgeting for contemporary
organisations for planning and control purpose? Explain (5 marks)
Additional Information:
a) You are encouraged to choose the journal article from the following Accounting and Management
Accounting Journals:
Accounting, Auditing and Accountability Journal;
https:
search.proquest.com
usiness/publication/publications_31671?accountid=30552
https:
search.proquest.com
usiness/publication/publications_31671?accountid=30552
Page 3 of 6
HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T1 2020
Journal of Management Accounting Research
Journal of Applied Management Accounting Research
) 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) No student can choose the same article as another student from the same class, else both students may
eceive a zero mark, at the Lecturer’s discretion.
d) The journal article 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 articles with your assignment.
Assignment Structure:
The report should include the following components:
a. Assignment cover page clearly stating your name and student number
. Abstract (one paragraph)
c. Table of contents
d. A
ief introduction or overview of what the report is about.
e. Body of the assignment with appropriate section headings
f. Conclusion
g. List of References.
Marking Criteria
Marking Criteria Weighting
Journal Article Critique
1. Briefly discuss the purposes of budgeting process. (5 marks) 5%
2. Based on your selected journal article, discuss citing examples whether the
udgeting process satisfies the purpose of planning, controlling and evaluating
performance. (5 marks)
5%
3. The two widely used practices in preparing budgets are ‘top down’ budgeting
and ‘bottom up’ budgeting. Identify and explain the practice adopted by the
organisation discussed in your selected journal article and further explain the
ehavioural implications of adopted practice. (5 marks)
5%
4. Based on your literature findings (above), critically evaluate the comment that
‘traditional budgeting practices are constraint on creativity, and the time and
energy spent on budget formulation is better spent elsewhere’. (5 marks)
5%
5. Based on your literature findings (above), would you recommend the use of
udgeting for contemporary organisations for planning and control purpose?
Explain (5 marks)
5%
Overall Presentation of Assignment 5%
TOTAL Weight 30%
https:
search.proquest.com
usiness/publication/31820/citation/6A92B992C7C74BC4PQ/3?accountid=30552
https:
search.proquest.com
usiness/publication/31820/citation/6A92B992C7C74BC4PQ/3?accountid=30552
https:
search.proquest.com
usiness/publication/publications_40108?accountid=30552
https:
search.proquest.com
usiness/publication/publications_40108?accountid=30552
Page 4 of 6
HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T1 2020
Marking Ru
ic
Excellent Very Good Good Satisfactory Unsatisfactory
Journal Article Critique
Briefly discuss the
purposes of budgeting
process (5 marks)
XXXXXXXXXXmarks)
Present an
excellent
discussion of the
purposes of
udgeting
process.
XXXXXXXXXXmarks)
Present a very
good discussion
of the features of
udgeting
process.
XXXXXXXXXXmarks)
Present a good
discussion of the
features of
udgeting
process.
(2.1 – 3 marks)
Present a
easonable
discussion of the
features of
udgeting
process.
(0 - 2 marks)
Unable to
explain the
features of
udgeting
process.
Based on your selected
journal article, discuss
citing examples whether
the budgeting process
satisfies the purpose of
planning, controlling and
evaluating performance.
(5 marks)
XXXXXXXXXXmarks)
Present an
excellent
discussion of the
elevance of
udgeting
process as a
planning,
control and
evaluation
system, with
examples
provided from
the organisation
discussed in the
selected journal
article
XXXXXXXXXXmarks)
Present a very
good discussion
of the relevance
of budgeting
process as a
planning, control
and evaluation
system, with
examples
provided from
the organisation
discussed in the
selected journal
XXXXXXXXXXmarks)
Present a good
discussion of the
elevance of
udgeting
process as a
planning, control
and evaluation
system, with
examples
provided from the
organisation
discussed in the
selected journal
XXXXXXXXXXmarks)
Present a
easonable
discussion of the
elevance of
udgeting
process as a
planning,
control and
evaluation
system, with
examples
provided from
the organisation
discussed in the
selected journal
company.
(0 - 2 marks)
Unable to
explain the
elevance of
udgeting
process as a
planning, control
and evaluation
system, with
examples
provided from
the organisation
discussed in the
selected journal
The two widely used
practices in preparing
udgets are ‘top
down’ budgeting and
‘bottom up’
udgeting. Identify
and explain the
practice adopted by
the organisation
discussed in your
selected journal article
and