FIN 4284 SEGi University Management Accounting Project Questions answer 4 questions , around 2000 words ,must be completed in accordance with the requireme

FIN 4284 SEGi University Management Accounting Project Questions answer 4 questions , around 2000 words ,must be completed in accordance with the requirements in the Word document PROGRAMME : BACHELOR OF ACCOUNTING /
BACHELOR OFACCOUNTING & FINANCE /
BACHELOR OF BUSINESS MANAGEMENT
Course/
Management Accounting
Module:
SEGi Course Code: FIN4284
Lecturer name: Salwa Binti Ahamad
UCLAN Module Code: AC3091
Submission Date:
Alternative Assessment : 27/4/2020 –
12/5/2020
ASSESSMENT METHODS
Number of
Assessments
Form of
Assessment
Q1
30%
Q3
Calculation
& Essay
Calculation
& Essay
Essay
20%
N/A
500 words count
N/A
500 words count
500 words count
Q4
Essay
20%
500 words count
Q2
%
Size of
weighting Assessment/Duration/
Word count
30%
Category of
assessment
CW-Written
assessment
CW-Written
assessment
CW-Written
assessment
CW-Written
assessment
Learning
Outcomes
being
assessed
3&4
ALTERNATIVE ASSESSMENT
Regulations
A. Late Submission
•
•
•
A 10% deduction per day of total coursework marks (excluding weekends
and public holidays).
Late submission between 5 to 10 days, results in a 50% deduction of total
coursework marks.
Late submission past 10 days results in an automatic 0% for coursework and
the student will be barred from the final examination.
B. Deliverables
Students must submit all materials supporting their coursework listed in the
deliverable section.
?
The coursework must be done individually and must be entirely your own
work. Please make sure that you are aware of the rules concerning plagiarism.
If you are unclear about them, please consult your program
coordinator/lecturer.
Plagiarism is presenting somebody else’s work as your own. It includes: copying
information directly from the Web or books without referencing the material;
submitting joint coursework as an individual effort; copying another student’s
coursework; stealing coursework from another student and submitting it as your
own. Suspected plagiarism will be investigated and if found to have occurred will
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be dealt with according to the procedures set down by the university/college.
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PROGRAMME : BACHELOR OF ACCOUNTING /
BACHELOR OFACCOUNTING & FINANCE /
BACHELOR OF BUSINESS MANAGEMENT
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The coursework should exhibit formal research skills i.e. with a table of
content, proper citations, references, and appendixes.
?
The coursework write up must be able to demonstrate critical analysis and
application of both theory and practical issues to the company that you have
selected.
?
Student may include additional relevant data/information apart from the
proposed guidelines in conjunction to your research. Additional marks will be
awarded for such attempt.
?
Your word count should not be more than 500 words for each theory question.
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Your answer must be submitted through Blackboard
Learning Outcomes tested
Assessment Criteria :
Students must demonstrate the ability to:
•
?
•
•
•
•
LO1: Evaluate the theories and
concepts of management accounting
techniques
to
support
the
management processes of planning,
control and decision making.
LO2: Apply and analyse important
performance indicators and their
measurement for internal control,
decision making and planning for the
future.
LO3: Evaluate and appraise the
budgetary process undertaken in a
typical business organisation.
LO4: Critically interpret and
effectively communicate relevant
management accounting techniques
and concepts in a given situation
using a range of methods
LO5: Identify and critically evaluate
the contributions which management
accounting makes to organizational
control by applying computational
techniques in a given situation
To evaluate motivational consideration
that should be made in the setting up of
a budgetary planning and control
system.
? To evaluate the application of
responsibility accounting in the context
of the given.
? To evaluate the importance of relevant
cost in in capital budgeting.
? To evaluate the importance of setting
standards in management accounting.
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PROGRAMME : BACHELOR OF ACCOUNTING /
BACHELOR OFACCOUNTING & FINANCE /
BACHELOR OF BUSINESS MANAGEMENT
QUESTION
Question 1
Beacon Chemicals plc is considering buying some equipment to produce a chemical
named X14. The new equipment’s capital cost is estimated at RM100,000 and if its
purchase is approved now, the equipment can be bought and commence production by
the end of this year. RM50,000 has already been spent on research and development
work. Estimates of revenues and costs arising from the operation of the equipment as
follows:
Selling price (RM per unit)
Sales volume (units)
Variable costs (RM per unit)
Fixed costs (RM000)
Year 1
100
800
50
30
Year 2
120
1000
50
30
Year 3
120
1200
40
30
Year 4
100
1000
30
30
Year 5
80
800
40
30
If the equipment is bought, sales of some existing products will be lost and this will
result in a loss of contribution of RM15 000 a year over its life.
The accountant has informed you that the fixed costs include depreciation of RM20,
000 a year on the new equipment. They also include an allocation of RM10,000 for
fixed overheads. A separate study has indicated that if the new equipment were
bought additional overheads excluding depreciation arising from producing the
chemical would be RM8,000 a year. Production would require additional working
capital of RM30,000. Ignore taxations. Beacon Chemicals plc has an average cost of
capital of 8% in money terms.
Required:
a) Calculate the payback period, net present value, and accounting rate of return
of the planned investment project.
(20 marks)
b) Critically evaluate the importance of relevant cost in capital budgeting.
(10 marks)
(Total : 30 marks)
Question 2
Pikachu Corp. produces and sells one type of metal casting. For the month ended 31
January 2020 the following information had been established:
Production and sales
Revenue
Material used
Labour hours worked
Variable production overhead incurred
Fixed production overhead incurred
1,100 castings
RM70,950
33,600 kg at a total cost of RM20,832
1,820 hours at a total cost of RM14,742
RM10,500
RM15,500
The following standard and budgeted information is also available:
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PROGRAMME : BACHELOR OF ACCOUNTING /
BACHELOR OFACCOUNTING & FINANCE /
BACHELOR OF BUSINESS MANAGEMENT
Standard material cost per casting
Standard labour hour per casting
Variable production overhead
Fixed production overhead
Budgeted fixed production overhead
Budgeted production and sales
Budgeted unit selling price
30 kg at a standard price of RM0.60 per
kg
1.75 hours at a standard rate of RM8.00
per hour
RM6.00 per hour
RM9.00 per hour
RM189,000 per year
1,000 castings per month
RM64
Required:
a) Calculate ALL variances and prepare and operating statement for the month
ending 31 January 2020
(20 marks)
b) Critically evaluate the importance of setting standards in management
accounting.
(10 marks)
(Total : 30 marks)
Question 3
Many organizations have successfully implemented budgetary systems in the
planning and control of their day-to-day operations. Some organizations have
implemented budgetary systems with proper consideration of motivational issues
which have enabled the work force to be more productive.
Required
Evaluate the motivational considerations that should be made in the setting up of
a budgetary planning and control system.
.
(20 marks)
Question 4
A Japanese owned company in Malaysia, manufactures a range of products by
passing materials through a number of processes. A number of service departments
provide support to the production processes.
Required :
In relation to the above statement, evaluate the application of responsibility
accounting in the context of the above situation.
( 20 marks)
Word limit is 500 words for each theory question.
(Total =100 marks)
Please refer to the marks allotment sheet
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PROGRAMME : BACHELOR OF ACCOUNTING /
BACHELOR OFACCOUNTING & FINANCE /
BACHELOR OF BUSINESS MANAGEMENT
Note:
Refer Appendix 1 for the marks allocation.
The total marks for this assignment is 50% of overall assessment for this module.
* The detailed marking criteria’s for the allocation of xx marks is provided in
Appendix 1
LENGTH REQUIRED
500 words +/- 10% for each theory question. Any deviation from this will be
penalized. The answer must be written in an academic style with full references using
the APA referencing method for citation and list of reference.
FORMATTING AND LAYOUT
•
•
•
•
•
•
A Microsoft Office Word Document or other relevant applications as
permitted by module lecturer/ typed using computer. Usage of typewriter or
hand – written is STRICTLY not allowed.
12 font size, Time New Roman font and bold title and sub titles
A4 sized paper
Fully justified alignment
1½ line spacing
Margins of 1” at top and bottom; left and right
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PROGRAMME : BACHELOR OF ACCOUNTING /
BACHELOR OFACCOUNTING & FINANCE /
BACHELOR OF BUSINESS MANAGEMENT
APPENDIX 1: ASSESSMENT CRITERIA
No.
Assessment Criteria
Weights
1.
Capital budgeting and Relevant Costing
30%
2.
Variance
30%
3
Evaluation on planning and control system
20%
4
Evaluation on application of Responsibility Accounting
20%
Total
100%
Conversion
50%
Marks
Allotted by
Lecturer
Comments:
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
____________________
Lecturer Signature
___________
Date
*100 marks will be converted into 50% of the coursework weight.
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PROGRAMME : BACHELOR OF ACCOUNTING /
BACHELOR OFACCOUNTING & FINANCE /
BACHELOR OF BUSINESS MANAGEMENT
Faculty of Business, Accountancy & Management (FOBAM)
Course Details:
ASSIGNMENT COVER PAGE
Module Code and Title
:
Programme of Study
:
Lecturer’s Name
:
Salwa Binti Ahamad
Semester
:
Feb-May 2020
FIN4284 (ACC3091) MANAGEMENT
ACCOUNTING
____________________________________
Assignment Details:
Title of Assignment
: ____________________________________________________________
Due Date
:____________________________________________________________
Submission Date
: ___________________________________________________________
Declaration by student(s):
I/We, hereby declare that the attached assignment is my/our own work and
understand that if I/we am/are suspected of plagiarism or another form of
cheating, my/our work will be referred to the Programme Coordinator/Head of
Faculty who may, as a result recommend to the Examinations Board on academic
disciplinary action including expulsion for the SEGi University and Colleges.
Student’s Details:
Name : _________________________ Student ID: ______________Signature: ___________
Submission Checklist:
Coversheet
CW Assessment Sheet
Turnitin Report
Coursework
Reminder:
1.
2.
Students are reminded to keep a copy of all the
coursework submitted.
All LATE SUBMISSION will be DEDUCTED 10% a
day up to a maximum of FIVE (5) days, where
subsequently, the coursework will be awarded
ZERO (0).
Overall Marks:
/50
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