62835 – Individual Assignment SpecificationsPurpose:This assignment

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Assignment :This assignment aims at your understanding of the purpose and use of Management Accounting (MAS) 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 MAS by contemporary companies, in terms of their relevance to the real-life companies’ decision-making by managers and achievement of goals.Word limit: 3000 wordsAssignment Task: You are required to conduct a literature search and critically review a specific MAS in this assignment.Part AChoose ONE of the MAS studied in this unit from the list below, and the questions that follow:• Budgeting SystemOR• Standard Costing SystemQuestions:1. Briefly discuss the features of your chosen MAS. (3 marks)2. Discuss the potential benefits of your chosen MAS. (3 marks)3. List 4 specific examples of the type of information your chosen MAS can provide to assist managers make decisions. (2 marks)4. Identify 1 specific Australian organisation that your chosen MAS is suited for and explain why. (3 marks)Part BChoose one peer journal article (from any country) on the: Use of your chosen MAS in a real-life organisation (i.e. a case-based empirical study). The article should be published between 2000 – 2020. Choose your article only after you have accessed and reviewed several relevant articles, and then choose the best article that will answer the questions below.Questions:1. Based on your chosen journal article, briefly summarise how the MAS was designed and implemented in the real-life organisation. (4 marks)2. Based on your chosen journal article, did the MAS in the study satisfy the features discussed in Part A (Q1 and Q2)? Why or why not? Include examples in your answer from your journal article. (4 marks)3. Based on your chosen journal article, how useful was the accounting information to the internal users in the organisation? Discuss with examples from your journal article. (4 marks)4. Based on your literature findings, state two key lessons that would inform contemporary organisations about the practical use of your chosen MAS. (4 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 Journal of Applied Management Accounting Researchb) Your chosen journal article in Part B must be uploaded (as a separate PDF file) together with your assignment (as a MS WORD file format).marks will be deducted if you do not submit the journal article with your assignment.c)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.Assignment Structure:The report should include the following components:a. Assignment cover page clearly stating your name and student numberb. Abstract (one paragraph)c. Table of contentsd. A brief introduction or overview of what the report is about.e. Body of the assignment with appropriate section headingsf. Conclusiong. List of ReferencesMarking CriteriaMarking Criteria WeightingPart A1. Briefly discuss the features of your chosen MAS. 3%2. Discuss the potential benefits of your chosen MAS. 3%3. List 4 specific examples of the type of information your chosen MAS can provide to 2%assist managers make decisions.4. Identify 1 specific Australian organisation that your chosen MAS is suited for and 3%explain why.Part B1. Based on your chosen journal article, briefly summarise how the MAS was designed 4%and implemented in the real-life organisation.2. Based on your chosen journal article, did the MAS in the study satisfy the features 4%discussed in Part A (Q1 and Q2)? Why or why not? Include examples in your answerfrom your journal article.3. Based on your chosen journal article, how useful was the accounting information to 4%the internal users in the organisation? Discuss with examples from your journal article.4. Based on your literature findings, state two key lessons that would inform 4%contemporary organisations about the practical use of your chosen MAS.Overall Presentation of Assignment 3%TOTAL Weight 30%Marking RubricExcellent Very Good Good Satisfactory UnsatisfactoryPart ABriefly discuss the (2.1 – 3 marks) (1.9 – 2 marks) (1.6 – 1.8 marks) (1.1 – 1.5marks) (0 – 1 marks)features of your chosen Present an Present a very Present a good Present a Unable toMAS. (3 marks) excellent good discussion of the reasonable explain thediscussion of of the features features of your discussion of features of yourthe features of of your chosen chosen MAS. the features of chosen MAS.your chosen MAS. your chosenMAS. MAS.Discuss the potential (2.1 – 3 marks) (1.9 – 2 marks) (1.6 – 1.8 marks) (1.1 – 1.5marks) (0 – 1 marks)benefits of your chosen Present an Present a very Present a good Present a Unable toMAS. (3 marks) excellent good discussion discussion of the reasonable explain thediscussion of of the potential potential benefits discussion of potentialthe potential benefits of your of your chosen the potential benefits of yourbenefits of your chosen MAS. MAS. benefits of your chosen MAS.chosen MAS. chosen MAS.List 4 specific examples of (1.7 – 2 marks) (1.3 – 1.6marks) (0.9 – 1.2 marks) (0.5 –0.8 marks) (0 – 0.4 marks)the type of information Clear, concise A very good list A good list of 4 Adequate list of Unable toyour chosen MAS can and excellent of 4 examples examples of the 4 examples of present aprovide to assist list of 4 of the type of type of the type of proper list of 4managers make examples of the information information your information examples of thedecisions. (2 marks) type of your chosen chosen MAS can your chosen type ofinformation MAS can provide to assist MAS can informationyour chosen provide to assist managers make provide to assist your chosenMAS can managers make decisions. managers make MAS canprovide to assist decisions. decisions. provide to assistmanagers make managers makedecisions. decisions. orconfusing.Identify 1 specific (2.1 – 3 marks) (1.9 – 2 marks) (1.6 – 1.8 marks) (1.1 – 1.5marks) (0 – 1 marks)Australian organisation 1 specific 1 specific 1 specific 1 specific Unable tothat your chosen MAS is Australian Australian Australian Australian identify 1suited for and explain organisation organisation organisation organisation specificwhy. (3 marks) identified that is identified that is identified that is identified that is Australiansuited to your suited to your suited to your suited to your organisationchosen MAS chosen MAS chosen MAS with chosen MAS that is suited towith clear, with very good good with adequate your chosenconcise explanation to explanation to explanation to MAS and tocompelling justify it. justify it. justify it. justify it.explanation tojustify it.Part BBased on your chosen (3.6 – 4 marks) (2.9 – 3.5marks) (2.1 – 2.8 marks) (1.6 – 2 marks) (0 – 1.5 marks)journal article, briefly Present an Present a very Present a good Present a Unable tosummarise how the MAS excellent good discussion discussion of how reasonable explain how thewas designed and discussion of of how the MAS the MAS was discussion of MAS wasimplemented in the real- how the MAS was designed designed and how the MAS designed andlife organisation. (4 was designed and implemented in was designed implemented inmarks) and implemented in your real-life and your real-lifeimplemented in your real-life organisation implemented in organisationyour real-life organisation based on your your real-life based on yourorganisation based on your journal article. organisation journal article,based on your journal article. based on your or confusing.journal article. journal article.Based on your chosen (3.6 – 4 marks) (2.9 – 3.5marks) (2.1 – 2.8 marks) (1.6 – 2 marks) (0 – 1.5 marks)journal article, did the Clear, concise, Present a very Present a good Present a Unable toMAS in the study satisfy compelling good discussion discussion reasonable explain whetherthe features discussed in discussion on on whether the on whether the discussion on the costingPart A (Q1 and Q2)? Why whether the costing system costing system in whether the system in theor why not? Include MAS in the in the study the study satisfy costing system study satisfy theexamples in your answer study satisfy the satisfy the the features in the study featuresfrom your journal article. features features discussed in Part satisfy the discussed in(4 marks) discussed in discussed in A (Q1 and Q2) features Part A (Q1 andPart A (Q1 and Part A (Q1 and with examples discussed in Q2) with lack ofQ2) with Q2) with provided from Part A (Q1 and examplesexamples examples your journal Q2) with provided fromprovided from provided from article. examples your journalyour journal your journal provided from article, orarticle. article. your journal confusing,article.Based on your chosen (3.6 – 4 marks) (2.9 – 3.5marks) (2.1 – 2.8 marks) (1.6 – 2 marks) (0 – 1.5 marks)journal article, how useful Present an Present a very Present a good Present a Unable towas the accounting excellent good discussion discussion of how reasonable explain howinformation to the discussion of of how useful useful the discussion of useful theinternal users in the how useful the the accounting accounting how useful the accountingorganisation? Discuss accounting information was information was accounting information waswith examples from your information was to the internal to the internal information was to the internaljournal article. (4 marks) to the internal users in the users in the to the internal users in theusers in the organisation organisation with users in the organisationorganisation with examples examples from organisation with exampleswith examples from your your journal with examples from yourfrom your journal article. article. from your journal article,journal article. journal article. or confusing.Based on your literature (3.6 – 4 marks) (2.9 – 3.5marks) (2.1 – 2.8 marks) (1.6 – 2 marks) (0 – 1.5 marks)findings, state two key Clear, concise, A very good two A good two key An adequate Unable tolessons that would inform compelling two key lessons that lessons that two key lessons present two keycontemporary key lessons that would inform would inform that would lessons thatorganisations about the would inform contemporary contemporary inform would informpractical use of your contemporary organisations organisations contemporary contemporarychosen MAS. (4 marks) organisations about the about the organisations organisationsabout the practical use of practical use of about the about thepractical use of your chosen your chosen practical use of practical use ofyour chosen MAS. MAS. your chosen your chosenMAS. MAS. MAS, orconfusing.Overall Presentation (2.1 – 3 marks) (1.9 – 2 marks) (1.6 – 1.8 marks) (1.1 – 1.5marks) (0 – 1 marks)(3 marks) Include all Include all Include all Include most Lack keyelements and is elements and is elements and is elements and is elements and isvery well well presented. generally adequately poorlypresented. Writing flows presented presented. presented.Writing flows clearly and appropriately. Writing Writing doesclearly and sections are Writing mostly sometimes does not flow clearlysections are linked flows well and not flow clearly leaving thelinked very effectively. sections are leaving the paper to seemeffectively. Referencing is linked. paper to seem disjointed.Referencing is of a high Referencing is in disjointed in Referencing isexemplary. standard. accordance with areas. not inEnglish is used English is used guidelines. Referencing is accordance withvery effectively effectively with English is used somewhat in relevantand error-free. very few errors effectively with accordance with guidelines. Basicpresent. few errors guidelines. Basic English is usedpresent. English is used with errorswith some present.errors present.Total Marks (30) /30

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