Managerial Accounting

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HOLMES INSTITUTE
FACULTY OF
HIGHER EDUCATION

HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T3 2019

Assessment Details and Submission Guidelines
Trimester T3 2019
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 real-life companies’ decision-making by
managers and achievement of business goals (ULO 1, 5, 6, 7 & 8)
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 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 her/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.

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HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T3 2019
Individual Assignment SpecificationsEvidence for communication with assessors
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 real-life companies’ 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 Standard Costing in a real-life company; and
– Use of Target Costing in a real-life company.
Register the two article names and details with your Lecturer in class. The articles should be published
between 2010 – 2019. Choose your articles 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 both costing systems by answering the 5
questions below:
Questions:
1. Briefly discuss the features of standard costing as a planning and control system. (5 marks)
2. Based on your standard costing article, discuss the relevance of standard costing as a planning and control
system in your real-life case company. Did it satisfy the features discussed in (i)? Why or why not? Include
examples in your answer from your standard costing article. (5 marks)
3. Discuss what target costing is and compare and contrast it from standard costing. (5 marks)
4. Is target costing relevant in today’s competitive and (in most cases), uncertain business environment?
Explain with examples from your target costing article. (5 marks)
5. Based on your literature findings (above), which of the two systems would you recommend for
contemporary organisations to use for planning purpose and which system you would recommend for 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;
Journal of Management Accounting Research
Journal of Applied Management Accounting Research
b) 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
receive a zero mark, at the Lecturer’s discretion.
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HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T3 2019
d) The two journal articles must be uploaded (as a separate PDF file) together with your assignment (as a MS
WORD file format) in Blackboard under the folder <Assignment>. 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
b. Abstract (one paragraph)
c. Table of contents
d. A brief 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 features of standard costing as a planning and control system. 5%
2. Based on your standard costing article, discuss the relevance of standard costing as a
planning and control system in your real-life case company. Did it satisfy the features
discussed in (i)? Why or why not? Include examples in your answer from your standard
costing article.		 5%
3. Discuss what target costing is and compare and contrast it from standard costing. 5%
4. Is target costing relevant in today’s competitive and (in most cases), uncertain
business environment? Explain with examples from your target costing article.		 5%
5. Based on your literature findings (above), which of the two systems would you
recommend for contemporary organisations to use for planning purpose and which
system you would recommend for control purpose? Explain		 5%
Overall Presentation of Assignment 5%
TOTAL Weight 30%

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HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T3 2019
Marking Rubric

Excellent Very Good Good Satisfactory Unsatisfactory
Journal Article Critique
Briefly discuss the
features of standard
costing as a planning and
control system.
(5 marks)		 (4.1 – 5 marks)
Present an
excellent
discussion of
the features of
standard costing
as a planning
and control
system.		 (3.6 – 4 marks)
Present a very
good discussion
of the features
of standard
costing as a
planning and
control system.		 (3.1 – 3.5 marks)
Present a good
discussion of the
features of
standard costing
as a planning and
control system.		 (2.1 – 3 marks)
Present a
reasonable
discussion of
the features of
standard costing
as a planning
and control
system.		 (0 – 2 marks)
Unable to
explain the
features of
standard costing
as a planning
and control
system.
Based on your standard
costing article, discuss the
relevance of standard
costing as a planning and
control system in your
real-life case company.
Did it satisfy the features
discussed in (i)? Why or
why not? Include
examples in your answer
from your standard
costing article.
(5 marks)		 (4.1 – 5 marks)
Present an
excellent
discussion of
the relevance of
standard costing
as a planning
and control
system, with
examples
provided from
the case
company.		 (3.6 – 4 marks)
Present a very
good discussion
of the relevance
of standard
costing as a
planning and
control system,
with examples
provided from
the case
company.		 (3.1 – 3.5 marks)
Present a good
discussion of the
relevance of
standard costing
as a planning and
control system,
with or without
examples
provided from
the case
company.		 (2.1 – 3 marks)
Present a
reasonable
discussion of
the relevance of
standard costing
as a planning
and control
system, without
example
provided from
the case
company.		 (0 – 2 marks)
Unable to
explain the
relevance of
standard costing
as a planning
and control
system from the
case company.
Discuss what target
costing is and compare
and contrast it from
standard costing.
(5 marks)		 (4.1 – 5 marks)
Clear, concise,
compelling
discussion of
target costing
and compare
and contrast it
from standard
costing.		 (3.6 – 4 marks)
A very good
discussion of
target costing
and compare
and contrast it
from standard
costing.		 (3.1 – 3.5 marks)
A good discussion
of target costing
and compare and
contrast it from
standard costing.		 (2.1 – 3 marks)
Adequate
discussion of
target costing
and compare
and contrast it
from standard
costing.		 (0 – 2 marks)
Unable to
present a
proper
discussion of
target costing
and compare
and contrast it
from standard
costing or
confusing.
Is target costing relevant
in today’s competitive
and (in most cases),
uncertain business
environment? Explain
with examples from your
target costing article.
(5 marks)		 (4.1 – 5 marks)
Clear, concise,
compelling
discussion of
target costing’s
relevance in
today’s
competitive and
uncertain
business
environment,
with examples
provided from
the article.		 (3.6 – 4 marks)
Present a very
good discussion
of target
costing’s
relevance in
today’s
competitive and
uncertain
business
environment,
with examples
provided from
the article.		 (3.1 – 3.5 marks)
Present a good
discussion of
target costing’s
relevance in
today’s
competitive and
uncertain
business
environment,
with or without
examples
provided from
the article.		 (2.1 – 3 marks)
Present a
reasonable
discussion of
target costing’s
relevance in
today’s
competitive and
uncertain
business
environment,
without
examples
provided from
the article.		 (0 – 2 marks)
Unable to
explain of target
costing’s
relevance in
today’s
competitive and
uncertain
business
environment

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HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T3 2019

Based on your literature
findings (above), which of
the two systems would
you recommend for
contemporary
organisations to use for
planning purpose and
which system you would
recommend for control
purpose? Explain.
(5 marks)		 (4.1 – 5 marks)
Clear, concise,
compelling
recommenda
tion for which of
the two systems
contemporary
organisations to
use for planning
purpose and for
control purpose.		 (3.6 – 4 marks)
A very good
recommenda
tion for which
of the two
systems
contemporary
organisations to
use for planning
purpose and for
control
purpose.		 (3.1 – 3.5 marks)
A good
recommenda
tion for which of
the two systems
contemporary
organisations to
use for planning
purpose and for
control purpose.		 (2.1 – 3 marks)
An adequate
recommenda
tion for which
of the two
systems
contemporary
organisations
to use for
planning
purpose and
for control
purpose.		 (0 – 2 marks)
Unable to
present proper
recommenda
tion for which of
the two systems
contemporary
organisations to
use for planning
purpose and for
control purpose.
Overall Presentation
(5 marks)		 (4.1 – 5 marks)
Include all
elements and is
very well
presented.
Writing flows
clearly and
sections are
linked very
effectively.
Referencing is
exemplary.
English is used
very effectively
and error-free.		 (3.6 – 4 marks)
Include all
elements and is
well presented.
Writing flows
clearly and
sections are
linked
effectively.
Referencing is
of a high
standard.
English is used
effectively with
very few errors
present.		 (3.1 – 3.5 marks)
Include all
elements and is
generally
presented
appropriately.
Writing mostly
flows well and
sections are
linked.
Referencing is in
accordance with
guidelines.
English is used
effectively with
few errors
present.		 (2.1 – 3 marks)
Include most
elements and
is adequately
presented.
Writing
sometimes
does not flow
clearly leaving
the paper to
seem
disjointed in
areas.
Referencing is
somewhat in
accordance
with
guidelines.
Basic English is
used with
some errors
present.		 (0 – 2 marks)
Lack key
elements and is
poorly
presented.
Writing does
not flow clearly
leaving the
paper to seem
disjointed.
Referencing is
not in
accordance with
relevant
guidelines. Basic
English is used
with errors
present.
Total Marks (30) /30
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