DAVID GAME COLLEGE
PEARSON BTEC HNC/D ASSESSMENT BRIEF
Course Full Name Pearson BTEC HND Business (RQF)
Unit number and title Unit 5: Management Accounting
Assignment Title Management Accounting and its tools
Date issued MOCK Exam Assignment Deadline Examination IV Name and Date
Day Group: Week 8
Flexi Group: Week 10
Unit Learning Outcomes:
Learning Outcomes Pass Merit Distinction Task No. Evidence
LO1 Demonstrate an understanding of management accounting systems P1 Explain management accounting and give the essential requirements of different types of management accounting systems.
P2 Explain different methods used for management accounting reporting. M1 Evaluate the benefits of management accounting systems and their application within an organisational context. D1 Critically evaluate how management accounting systems and management accounting reporting is integrated within organisational processes. Task 1 An individual business report
LO2 Apply a range of management accounting techniques P3 Calculate costs using appropriate techniques of cost analysis to prepare an income statement using marginal and absorption costs. M2 Accurately apply a range of management accounting techniques and produce appropriate financial reporting documents. D2 Produce financial reports that accurately apply and interpret data for a range of business activities. Task 2 Evidence of calculations and written analysis.
LO3 Explain the use of planning tools used in management accounting P4 Explain the advantages and disadvantages of different types of planning tools used for budgetary control. M3 Analyse the use of different planning tools and their application for preparing and forecasting budgets. Task 1 An individual business report
LO4 Compare ways in which organisations could use management accounting to respond to financial problems P5 Compare how organisations are adapting management accounting systems to respond to financial problems. M4 Analyse how, in responding to financial problems, management accounting can lead organisations to sustainable success. D3 Evaluate how planning tools for accounting respond appropriately to solving financial problems to lead organisations to sustainable success. Task 3: Exam paper Calculations and written discussion.
ASSIGNMENT BRIEF AND GUIDANCE:
Task 1: The submission is in the form of an individual written business 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 2,000-2,500 words, although you will not be penalised for exceeding the total word limit.
Task 2: The submission is in the form of a completed portfolio that demonstrate calculations using ratio analysis and variable costings. The recommended word limit is 1,000-1,500 words.
Task 3: This is a time-constrained examination. You need to use the given answer booklet and submit it after the examination. The answer booklet will be provided at the beginning of the exam.
Purpose of this assessment
The aim of this assignment is to explore how management accounting uses financial data to aid planning decisions, and the monitoring and control of finance within organisations.
You are a Junior Management Accountant for a company. You 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. In your report, you should also analyse three 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.
This assignment is in the form of a two-part individual business report:
A. Explain management accounting and give the essential requirements of different types of management accounting systems.
B. Explain different methods used for management accounting reporting.
C. Evaluate the benefits of management accounting systems and their application within an organisational context.
D. Critically evaluate how management accounting systems and management accounting reporting is integrated within organisational processes.
Analyse three planning tools (such as benchmarking, activity based costing, cash flow budgeting, discounted cash flow methods, breakeven analysis) used in management accounting, indicating how effective you judge each to be and why. Your judgements should be supported by evidence.
This provides evidence for [P1, P2, P4, M1, D1, M3, D3], Word count: 2,000-2,500
Produce a portfolio of completed calculations and analysis on company financial statements and income statements using variable costings.
Eymen Ltd makes a single product and produces management accounts, including a costing statement of profit or loss each month. In both May and June, 400,000 units of the product were produced. The production costs in both May and June were:
Type of Costs Amount
Direct materials: £550,000
Direct labour: £750,000
Fixed overheads: £600,000
Total production costs: £1,900,000
There were no opening inventories at the start of May and all of the production for May was sold. However, in June, only 360,000 units of production were sold, leaving 40,000 units in inventory. Each unit is sold for £10.50. Complete a simple statement of profit or loss, under absorption and marginal costing principles for the months of May and June.
This provides evidence for [P3]
Scenario: You have been hired as an external financial consultant by a business organisation. They have asked you to analyse their financial performance independently. Perform a thorough financial analysis based on the organisations’ latest financial statements. Write a business memo to the management of the organisation to communicate the results of your financial analysis and recommendations.
Note: The learners are required to choose one company. They need to find the company’s financial statements and analyse the financial information available in these statements.
This provides evidence for [P3, M2, D2]
Students will sit an individual closed book 2-hour examination.
There will be two separate tasks in the exam paper. In this time-constrained assessment you will be given specific scenarios. You are required to apply some management accounting tools to improve decision making with regards to responding to financial problems in organisations.
This provides evidence for [P5, M4, D3]
There will be a MOCK examination one week prior to the actual exam. The MOCK exam feedback will be crucial for learners. Please attend it.
Sources of information [insert useful publications, websites, etc.]
Task 1 Please access HN Global for additional resources support and reading for this unit. For further guidance and support on presentation skills please refer to the Study Skills Unit on HN Global. Link to www.highernationals.com
Student Achievements and Assessor Feedback
Student achievement and Assessor feedback for both formative and summative submissions will be recorded within Grademark Turnitin via Moodle and will be available for students to view as notified on Turnitin.
Student submission and declaration
The following declaration will be inserted in the Turnitin link for both formative and summative submissions:
‘I certify that by submitting the work for this assessment on Moodle (and via Turnitin) it is my own work and all research sources are fully acknowledged using the Harvard system of references. I certify that there are no personal or mitigating circumstances that have affected my work.’
By submitting such document, you acknowledge that your work is your own, and abides by the DGHE code of conduct, and Pearson regulations.
Please note that in case of academic malpractice DGHE reserves the right to decline to accept the work for assessment purposes, and/or conduct an investigation, which might result in an oral presentation, oral or written exam, or any other appropriate form of examination. Further information can be found in the academic integrity and misconduct policy, the assessment policy, and the student handbook.