Subject Code : HI5017
Assignment Task:

Objective

This assignment aims at developing your understanding of  the purpose and use of management accounting systems, and its usefulness in aiding managers make informed decisions. You are to critically evaluate the literature (using journel articles) to analyse the practical use  of management accounting system by contemporary compnies, in the terms of their relevance to the real life compnies decision - making by managers and achivement by business goals.

Questions:

  1. Briefly disscuss the features of standard costing as a planning and control system.
  2. Based on your standard costing article, discuss the relevance of standard costing as a planning and control system in your real-life case company. Did it satisfy the features discussed in (i)? Why or why not? Include examples in your answer from your standard costing article.

  3. Discuss what target costing is and compare and contrast it from standard casting.

  4. Is target costing relevant in today’s competitive and (in most cases), uncertain business environment? Explain with examples from your target costing article.

  5. Based on your literature findings (above), which of the two systems would you recommend for contemporary organisations to use for planning purpose and which system you would recommend for control purpose?

Additional Information:

  1. You are encouraged to choose the journal article from the following Accounting and Management Accounting Journals.

  2. You can access these journals in ProQuest Database by clicking on the above links. Log in details for ProQuest are - Username: Holmes2004; Password: Holmes. These journals can also be accessed via the ProQuest Database link available via the Student Login page in the Holmes website. You can also use Google Scholar. Don’t use Google.

  3. No student can choose the same article as another student from the same class, else both students may receive a zero mark, at the Lecturer’s discretion.

  4. The two journal articles must be uploaded {as a separate PDF file) together with your assignment

 

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  • Uploaded By : Alex Cerry
  • Posted on : April 10th, 2019

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