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Subject Code : HI5017
Assignment Task:

Purpose:

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

Assignment Task:

Part A
Choose ONE of the costing systems studied in this unit from the list below, and answer the questions that follow:
• Job Costing
• Process Costing
• Operation Costing (Hybrid Costing)
• Activity-based Costing (ABC)

Questions:

1. Briefly discuss the features of your chosen costing system. (3 marks)
2. Identify 2 specific Australian companies that your chosen costing system is suitable for, and explain why.(3 marks)
3. Discuss two potential uses of the cost information for decision-making, to the managers in each of the 2 organisations selected in Q2 above. (3 marks)

Part B

Questions:

1. Based on your chosen costing article, briefly summarise how the costing system was designed andimplemented in your real-life organisation. (3 marks)

2. Based on your chosen costing article, did the costing system in the study satisfy the features discussed in Part A (Q1)? Why or why not? Include examples in your answer from your costing article. (5 marks)

3. Based on your chosen costing article, how useful was the cost information to the internal users in theorganisation? Discuss with examples from your costing article. (5 marks)

4. Based on your literature findings, state two key lessons that would inform contemporary organisations about the practical use of your chosen costing system. (5 marks)


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  • Posted on : September 11th, 2018

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