BTEC HND Unit 5 Management Accounting

 

Higher Nationals Diploma (HND)

Assignment Brief – BTEC (RQF)                            

Higher National Certificate in Business

 

 

Student Name/ID Number
Unit Number and Title	Unit 5 Management Accounting
Academic Year	2020 - 2021
Unit Assessor
Assignment Title	Management Accounting Principles
Issue Date
IV Name
Date

 

Submission Format:

The submission is in the form of a written report that covers two tasks including a portfolio of completed calculations based on the case study provided at the end of this assignment. Task One covers LO1 and LO2, Task Two covers LO3 and LO4. You are required to make effective use of headings, bullet points and sub-sections as appropriate. Your research should be referenced using the Harvard referencing system. Please also provide a bibliography using the Harvard referencing system. The recommended word limit is a minimum of 2,500 words, including completed portfolio of calculations based on the case study, although you will not be penalised for exceeding the total word limit.

Unit Learning Outcomes:

LO1 Demonstrate an understanding of management accounting systems. LO2 Apply a range of management accounting techniques. LO3 Explain the use of planning tools used in management accounting. LO4 Compare ways in which organisations could use management accounting to respond to financial problems.

 

 

 

 

 

 

Assignment Brief and Guidance:
As a newly-qualified Management Accountant, you have been asked by your line manager to complete the following tasks which analyse the organisation’s use of 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. The report should be structured as follows including the accounting documents:   Task One (LO1 & LO2) Part A:   1.      An explanation of the principles of management accounting. 2.      The role of management accounting and management accounting systems. 3.      The evaluation of the use of techniques and methods used in management accounting within an organisational context. The benefits of the function of the organisation.  4.      Critical evaluation of how management accounting is integrated within an organisation.   Part B: ·        Produce a portfolio of calculations for financial statements, including income statements using variable costings (to complete this part, you need to consider the case study provided at the end of this assignment brief). To achieve the higher grades, you can further apply the results of calculations and produce financial reporting document(s) using management accounting techniques. Also, the data can be interpreted for complex business activities.   Task Two (LO3 & LO4) Part A: Compare and contrast three planning tools for budgetary control used in management accounting, indicating the advantages and disadvantages of each planning tool. To achieve the higher grades, you can analyse and evaluate the use of each planning tools and application of each tool for budgetary forecasting.           Part B: Using appropriate case studies of your choice as examples, compare ways in which management accounting is applied. The following link can be used to search relevant case studies:   https://businesscasestudies.co.uk/category/case-studies/#axzz3fU9YlWv7   To achieve higher grades, you can further analyse and evaluate the effectiveness of management accounting in dealing with financial problems and preventing financial problems in organisations. *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
Learning Outcomes and Assessment Criteria
Learning Outcome	Pass	Merit	Distinction
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.       D2 Produce financial reports that accurately apply and interpret data for complex business activities.
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.
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.	D3 Evaluate how planning tools for accounting respond appropriately to solving financial problems to lead organisations to sustainable success.
LO4 Compare ways in which organisations could use management accounting in response to financial problems.	P5 Evaluate how organisations are adapting management accounting systems in response to financial problems.	M4 Analyse how, in responding to financial problems, management accounting can lead organisations to sustainable success.

 

 

	Pearson Education 2016 Higher Education Qualifications Summative Assignment Feedback Form