Submission Front Sheet

Programme BTEC Higher National Diploma (HND) in Business (RQF)

Unit Title and Number: Management Accounting (Unit 5)

Assignment title Management Accounting Assignment Brief

Lakshani Nissanga Mendis
Unit RQF level/Code Level 4 H/508/0489 Module Tutor
Name /Email l.mendis@mrcollege.ac.uk

Credit Value 15 (A-J 2021) RQFBM-

Assignment Brief MA0602054
Code

Cohort Name Assignment Date 04/05/21

Set

Student’s Name Student’s

Registration
Number

Submission Date Distribution Date

Is this a first Is this a referral

submission submission

Word Count

Learner’s statement of authenticity

I certify that the work submitted for this assignment is my own. Where the work of others has
been used to support my work then credit has been acknowledged. I have identified and
acknowledged all sources used in this assignment and have referenced according to the Harvard
referencing system. I have read and understood the Plagiarism and Collusion section provided
with the assignment brief and understood the consequences of plagiarising.

Student’s Signature Date

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 Management Accounting (Unit 5) Mont Rose College

Complete and copy this page and add it as the front sheet to your online submission

Key Dates
Semester starts 04/05/2021

Semester ends 16/07/2021

Formative assessment Dropbox opens in week 6 (teachers can prepone this 07/06/2021
date, if they wish to)

Formative assessment Dropbox closes in week 8 27/06/2021

Teachers may extend this date by one week depending on the class progress.

FORMATIVE FEEDBACK TO BE COMPLETED BY 09/07/2021

Final SUBMISSION (not for Research Project) box opens on 10/07/2021

Final SUBMISSION box closes on [multiple submissions allowed on final 19/07/2021

box until the deadline]

For Sept 19 students and Sept 20 students (both A and B): 26/07/2021

Teacher’s result submission deadline

IV for these cohorts needs to be completed by 02/08/2021.

For all remaining classes: Teacher’s result submission deadline 02/08/2021

Internal Verification completion date of the remaining cohorts 23/08/2021

Referral Dropbox will open (for internal purposes only) from: 03/08/2021

Referral Dropbox closes on: 07/09/2021

Referral result deadline for teachers: 21/09/2021

Note: There is no term break in the session

Assignment Brief (Part A&B) Management Accounting

Learning Outcomes LO1 to LO4

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Management Accounting (Unit 5) Mont Rose College

Issue Date 04/05/2021

Lead IV/ IV Steve Williams/Francis Marfo

Submission Format

The submission is in the form of a report, submitted as a Microsoft Word document and
including an appendix with the associated portfolio of income statements calculations.

You are required to make effective use of headings, bullet points and subsections as
appropriate. Your report should be referenced using the Harvard referencing system. Also
provide a reference list using the Harvard referencing system.

The recommended word limit is 2,500 words, although you will not be penalised for
exceeding the total word limit.
Assignment Brief and Guidance

Scenario and activity:

You have applied for the position of Assistant Management Account with IKEA.
You have successfully passed the telephone interview, which is the first of the 3-
stages selection process.
The second stage will be the production of a report that you will send to the hiring
manager. The report should cover the following:
 a critical evaluation of how management accounting systems and
management accounting reporting is integrated within organisational
processes. In doing this, you should also give the requirements of different
types of management accounting systems and explain different methods
used for management accounting reporting;
 an evaluation of how planning tools for accounting respond appropriately to
solving financial problems to lead organisations to sustainable success. In
doing this, you should also ensure that you
o analyse the use of different planning tools and their application for
preparing and forecasting budgets, explaining their advantages and
disadvantages;
o analyse how, in responding to financial problems, management
accounting can lead organisations to sustainable success. You
should make use of at least two examples to compare how real-world
organisations are adapting management accounting systems when

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Management Accounting (Unit 5) Mont Rose College

faced with financial problems.

The third and final stage would normally be an assessment centre in which
applicant are required to perform various calculations using Microsoft Excel for a
given scenario. Due to current developments on social distancing linked to Covid-
19, you have been requested to complete the test for the assessment centre
(see below) and include it in the appendix section of your report.
You are required to produce the report as per the instructions above, ensuring that
your workings and calculations for the test are included in the appendix.

TEST FOR THE ASSESSMENT CENTRE

Marwa Limited, a producer of children’s scooters who started operations on 1st January
2019. The business uses FIFO (First in First Out) when valuing their stock.

The directors are currently deciding on a new costing approach and would like to see the
difference in profits that will result when using a marginal costing approach and an
absorption costing approach for the valuation of stock in their financial statements.

You are presented with the company’s forecasted activity level for the years ended 31
December 2020 and 31 December 2021.

Opening stock on 1 January 2020 400 units

Direct labour costs (constant since 1st January 2019) £11 per unit

Direct material costs (constant since 1st January 2019) £17 per unit

Variable expenses (constant since 1st January 2019) £7 per unit

Total fixed indirect production cost £84,000 per annum

Administrative (fixed) overheads £10,500 per annum

Forecasted sales and production levels for 2020 and 2021 are as follows:

2020 2021

Sales 3,000 units 4,000 units

Production 3,600 units 4,100 units

The selling price remained constant at £92 per unit.

You are required to prepare the forecasted income statements for the year ended
2020 and 2021 using marginal costing and absorption costing and interpret your
results. (Show all your workings).

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Management Accounting (Unit 5) Mont Rose College

END OF TEST

Learning Outcomes and Assessment Criteria

Pass Merit Distinction

LO1 Demonstrate an understanding of management accounting systems

P1 Explain management M1 Evaluate the benefits D1 Critically evaluate how
accounting and give the of management management accounting
essential requirements of accounting systems and systems and management
different types of their application within an accounting reporting is
management accounting organisational context. integrated within
systems. organisational processes.
P2 Explain different
methods used for
management accounting
reporting.

LO2 Apply a range of management accounting techniques

P3 Calculate costs using M2 Accurately apply a D2 Produce financial

appropriate techniques of range of management reports that accurately
cost analysis to prepare accounting techniques and apply and interpret data
an income statements produce appropriate for a range of business
using marginal and financial reporting activities.
absorption costs. documents.

LO3 Explain the use of planning tools used in management accounting

P4 Explain the advantages M3 Analyse the use of D3 Evaluate how planning

and disadvantages of different different planning tools tools for accounting
types of planning tools used and their application for respond appropriately to
for budgetary control. preparing and forecasting solving financial problems
budgets. to lead organisations to
sustainable success.

LO4 Compare ways in which organisations could use management accounting to respond to
financial problems
P5 Compare how M4 Analyse how, in D3 Evaluate how planning
organisations are adapting responding to financial tools for accounting
management accounting problems, management respond appropriately to
systems to respond to accounting can lead solving financial problems
financial problems. organisations to sustainable to lead organisations to
success. sustainable success.

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Management Accounting (Unit 5) Mont Rose College

GRADING DETAILS

Achievement of a Pass grade

a student must have satisfied all the Pass criteria for the learning outcomes, showing coverage
of the unit content and therefore attainment at Level 4 or 5 of the national framework.

Achievement of a Merit grade

a student must have satisfied all the Merit criteria (as well as the Pass criteria) through high
performance in each learning outcome.

Achievement of a Distinction grade

a student must have satisfied all the Distinction criteria (as well as the Pass and Merit criteria),
and these define outstanding performance across the unit as a whole.

ALL GRADES ARE PROVISIONAL UNTIL INTERNALLY VERIFIED AND UNTIL

EXTERNALLY CERTIFIED BY EDEXCEL.

THIS MEANS THAT A GRADE CAN BE CHANGED AT ANY POINT UNTIL EDEXCEL
CERTIFIES IT

Re-submission

As per Pearson policy, you are only allowed two submissions per module. One for final
submission and another one for referral. Failure to achieve a grade pass after a second
submission will result in you having to repeat the module in the next term.

Any re-submission or late submission (unless authorised due to mitigating

circumstances) will be capped at a PASS grade only.

Specification of Assessment

 Present your work in one business report style which should include table of contents,
reference list, foot or end notes and appendices if any
 Include the reference code of this assignment on your assignment submission
front page.
 Each page must be numbered at the bottom right-hand side.
 Ensure the following information is in the footer on every page:
o Your name
o The production date of your submission
o The code number of your assignment brief
o The page numbers
 Spell-check the document and make sure there are no grammatical errors.
 Complete all the tasks.
 Produce clear specific reasoning and arguments in support of your answers.
 Submit your work in a single work processed document covering all learning Outcomes.
This word limit is only for guidelines, and is not applied to grading.
 You must include a bibliography at the end to show where your information was
sourced.
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Management Accounting (Unit 5) Mont Rose College

 Your sources must be identified using the Harvard referencing system. The words
used in your bibliography will not be included in your word count.
As per Pearson policy, you are only allowed two submissions per module. One
for final submission and another one for referral. Failure to achieve a pass grade
after a second submission will result in you having to repeat the module in the
next term.
Any re-submission or late submission (unless authorised due to mitigating
circumstances) will be capped at a PASS grade only.

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Management Accounting (Unit 5) Mont Rose College

Extension and Late Submission

If an extension is necessary for a valid reason, requests must be made in writing using a
course work extension request form to the head of department. Please note that the lecturers
do not have the authority to extend the coursework deadlines and therefore do not ask them to
award a coursework extension.

The completed form must be accompanied by evidence such as a medical certificate in the
event of you being sick.

Plagiarism and Collusion

Any act of plagiarism and collusion will be seriously dealt with according to the regulations. In
this context, the definition and scope of plagiarism are presented below:

‘Plagiarism occurs when a student misrepresents, as his/her own work, the work, written or
otherwise, of any other person (including another student) or of any institution. Examples of
forms of plagiarism include1:
 the verbatim (word for word) copying of another’s work without appropriate and correctly
presented acknowledgement;
 the close paraphrasing of another’s work by simply changing a few words or altering the
order of presentation, without appropriate and correctly presented acknowledgement;
 unacknowledged quotation of phrases from another’s work;
 The deliberate and detailed presentation of another’s concept as one’s own.’
All types of work submitted by students are covered by this definition, including, written work,
diagrams, designs, engineering drawings and pictures.

‘Collusion occurs when, unless with official approval (Eg. in the case of group projects), two or
more students consciously collaborate in the preparation and production of work which is
ultimately submitted by each in an identical, or substantially similar, form and/or is represented
by each to be the product of his or her individual efforts. Collusion also occurs where there is
unauthorised co-operation between a student and another person in the preparation and
production of work which is presented as the student’s own.’ (’Carroll, J and Appleton, J. (2001)
Plagiarism – A Good Practice Guide. Oxford Brookes University/JISC, Oxford)

All work for assessment must be submitted with a Turnitin Report on plagiarism. The
Maximum Turnitin score admissible is 15%. Assignments with more than this 15% score
will be automatically referred for reworking and resubmission.

Any student might be called to go through a viva with the lecturer to confirm any parts
of the module through an interview which will then form part of the summative
assessment.

To access any feedback (formative/summative) you will have to access Moodle and open
your assignment. You will have to click on the blue comment box in the righthand side

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Management Accounting (Unit 5) Mont Rose College

and the feedback will appear within the text. You might have to click on the blue bubbles
to see the feedback.

Textbooks

Dyson, J.R. (2010). Accounting for Non-Accounting Students. 8th edition. Harlow: Pearson
Education Ltd

Drury, C. (2009). Management Accounting for Business. London: Cengage Learning

Wood, F. and Sangster, A. (2005). Business Accounting 2. 10th edition. Harlow: Pearson
Education Ltd.

Horngren, C.T., Sundem, G.L., Burgstahler, D., Schatzberg, J. (2014) Introduction to

Management Accounting. 16th Edition. Harlow: Pearson

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