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Assignment Brief
Qualification Unit Code
Shan Wikoon 15
Senario:
You are a management accountant for a management consultancy. Various types and sizes of
businesses require your services. You have been asked by your line manager to produce a report on
the role and function of the management accounts department, covering the management accounting
systems operating in the organisations as well as the range of techniques used in such organisations.
Additionally, your report should analyse the organisations 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.
Task 1
1.1 Explain management accounting and identify the essential elements of different types of management
accounting systems. Your explanation should cover the following topics. P1
1.2. Critically evaluate the benefits of management accounting systems and their application within your
chosen customers organisational context. M1, D1
1.4. Critically evaluate how management accounting reporting is integrated within your chosen customers
organisational processes. D1
Task 2
By Shan Wikoon
2
Senario:
One of your customer manufactures and sells a single product, AI drone.The following budgeted/ actual
information is provided in relation to the production of this product:
Details for the months of May and June 2016 are as follows:
May June
Fixed production overheads are budgeted at 4,000 per month and are absorbed on a unit basis. The
normal level of production is budgeted at 400 units per month.
Other costs
2.1 Calculate costs using appropriate techniques of cost analysis using marginal and absorption costs. P3
2.2 Produce income statements (prepared under both marginal and absorption costing principles) that
accurately apply and interpret data for the given scenario. M2, D2
Task 3
3.1 Explain the advantages and disadvantages of different types of planning tools used for budgetary
control. P4
3.2 Using specific case studies as examples, analyse t he use of different planning tools and their
application for preparing and forecasting Budgets. M3
Task 4
By Shan Wikoon
4.1 Compare how organisations are adapting management accounting systems to respond to financial
problems. P4
4.2 Using specific case studies as examples, analyse h
ow, in responding to financial problems,
management accounting can lead organisations to sustainable success. M4
4.3 Evaluate how planning tools for accounting respond appropriately to solving financial problems
to lead organisations to sustainable success. D3
By Shan Wikoon
4
Assessment criteria
Each unit will be graded as a Pass, Merit or Distinction. A pass is awarded for the achievement of all
outcomes against the specified assessment criteria. Merit and Distinction grades are awarded for
higher-level achievement.
By Shan Wikoon
This is a summary of the key terms used to define the requirements within units.
Term Definition
breaking down a theme, topic or situation in order to interpret and study the interrelationships
between the parts and/or
of information or data to interpret and study key trends and interrelationships.
Analysis can be through activity, practice, written or verbal
presentation.
Apply Put into operation or use.
Interpret State the meaning, purpose or qualities of something through the use of images, words or other
expression.
Investigate Conduct an inquiry or study into something to discover and examine facts and information.
support an opinion
prove something is right or reasonable.
Outline Set out the main points/characteristics.
Plan Consider, set out and communicate what is to be done.
Produce To bring into existence.
Reconstruct To assemble again/reorganise/form an impression.
Report Adhere to protocols, codes and conventions where findings or judgements are set down in an objective
way.
Review Make a formal assessment of work produced.
The assessment allows learners to:
State Express.
Suggest Give possible alternatives, produce an idea, put forward, for example, an idea or plan, for consideration.
Undertake/carry out Use a range of skills to perform a task, research or activity.
Shan is an experienced HND tutor and assessor who works in London, UK. He has
a Degree of Master of Laws in Law of International Trade - University of Wales, a
Diploma in Business Administration, a Degree of Bachelor of Law and a Diploma in
Computing.
If your institution is in London and seeking reliable tutors, please contact Shan on
shanwikoon@gmail.com