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You are required to conduct a literature search and discussion in this assignment. You are to choose a peer reviewed journal article (from any country) on the: -Use of Budgeting as a management technique for managing resources. The article should be published between 2010 – 2020. Choose your article only after you have accessed several relevant articles, and then choose the best articles that will answer the assignment question below. Required: Critically evaluate the relevance and challenges of budgeting systems by answering the 5 questions below:

by | May 15

HOLMES INSTITUTE
FACULTY OF HIGHER EDUCATION
Assessment Details and Submission Guidelines
Trimester T1 2020
Unit Code HI5017
Unit Title Managerial Accounting
Assessment Assignment
Type
Assessment Individual Assignment
Title
Purpose of the Students are required to develop their understanding of the purpose and use of management
assessment accounting systems, and its usefulness in aiding managers make informed decisions. You are to
(with ULO critically evaluate the literature (using journal articles) to analyse the practical use of
Mapping) management accounting systems by contemporary companies, in terms of their relevance to
the decision-making by managers and achievement of business goals (ULO 1,2,3,4)
Weight 30% of the total assessments
Total Marks 30
Word limit Not more than 3,000 words. Please use “word count” and include in assignment.
Due Date Week 9 Sunday the 31st May at 11.59 p.m.
Submission • All work must be submitted on Blackboard by the due date along with a completed
Guidelines Assignment Cover Page.
•The assignment must be in MS Word format, no spacing, 12-pt Arial font and 2 cm margins on all four sides of your page with appropriate section headings and page numbers.
•Reference sources must be cited in the text of the report, and listed appropriately at the end in a reference list using Harvard referencing style.
•It is the responsibility of the student who is submitting the work, to ensure that the work is in fact her/his own work. Incorporating another’s work or ideas into one’s own work without appropriate acknowledgement is an academic offence. Students should submit all assignments for plagiarism checking on Blackboard before final submission in the subject. For further details, please refer to the Unit Outline and Student Handbook.
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HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T1 2020
Individual Assignment Specifications
Purpose:
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 journal articles) to analyse the practical use of management accounting systems by contemporary companies, in terms of their relevance to the decision-making by managers and achievement of business goals.
Assignment Task:
Journal Article Critique (30 Marks)
You are required to conduct a literature search and discussion in this assignment.
You are to choose a peer reviewed journal article (from any country) on the:
-Use of Budgeting as a management technique for managing resources.
The article should be published between 2010 – 2020. Choose your article only after you have accessed several relevant articles, and then choose the best articles that will answer the assignment question below.
Required: Critically evaluate the relevance and challenges of budgeting systems by answering the 5 questions below:
Questions:
1.Briefly discuss the budgeting process. (5 marks)
2.Based on your selected journal article, discuss citing examples whether the budgeting process satisfies the purpose of planning, controlling and evaluating performance. (5 marks)
3.The two widely used practices in preparing budgets are ‘top down’ budgeting and ‘bottom up’ budgeting. Identify and explain the practice adopted by the organisation discussed in your selected journal article and further explain the behavioural implications of adopted practice. (5 marks)
4.Based on your literature findings (above), critically evaluate the comment that ‘traditional budgeting practices are constraint on creativity, and the time and energy spent on budget formulation is better spent elsewhere’.
5.Based on your literature findings (above), would you recommend budgeting for contemporary organisations for planning and control purpose? Explain (5 marks)
Additional Information:
a)You are encouraged to choose the journal article from the following Accounting and Management Accounting Journals:
Accounting, Auditing and Accountability Journal;
HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T1 2020
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Journal of Management Accounting Research
Journal of Applied Management Accounting Research
b)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.
c)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.
d)The journal article must be uploaded (as a separate PDF file) together with your assignment (as a MS WORD file format) in Blackboard under the folder . 5 marks will be deducted if you do not submit the articles with your assignment.
Assignment Structure:
The report should include the following components:
a.Assignment cover page clearly stating your name and student number
b.Abstract (one paragraph)
c.Table of contents
d.A brief introduction or overview of what the report is about.
e.Body of the assignment with appropriate section headings
f.Conclusion
g.List of References.
Marking Criteria
Marking Criteria Weighting
Journal Article Critique
1. Briefly discuss the purposes of budgeting process. (5 marks) 5%
2. Based on your selected journal article, discuss citing examples whether the 5%
budgeting process satisfies the purpose of planning, controlling and evaluating
performance. (5 marks)
3. The two widely used practices in preparing budgets are ‘top down’ budgeting 5%
and ‘bottom up’ budgeting. Identify and explain the practice adopted by the
organisation discussed in your selected journal article and further explain the
behavioural implications of adopted practice. (5 marks)
4. Based on your literature findings (above), critically evaluate the comment that 5%
‘traditional budgeting practices are constraint on creativity, and the time and
energy spent on budget formulation is better spent elsewhere’. (5 marks)
5. Based on your literature findings (above), would you recommend the use of 5%
budgeting for contemporary organisations for planning and control purpose?
Explain (5 marks)
Overall Presentation of Assignment 5%
TOTAL Weight 30%
HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T1 2020
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Marking Rubric
Journal Article Critique
Briefly discuss the purposes of budgeting process (5 marks)
Excellent Very Good Good
(4.1 – 5 marks) (3.6 – 4 marks) (3.1 – 3.5 marks)
Present an Present a very Present a good
excellent good discussion discussion of the
discussion of the of the features of features of
purposes of budgeting budgeting
budgeting process. process.
process.
Satisfactory Unsatisfactory
(2.1 – 3 marks) (0 – 2 marks)
Present a Unable to
reasonable explain the
discussion of the features of
features of budgeting
budgeting process.
process.
Based on your selected journal article, discuss citing examples whether the budgeting process satisfies the purpose of planning, controlling and evaluating performance. (5 marks)
The two widely used practices in preparing budgets are ‘top down’ budgeting and ‘bottom up’ budgeting. Identify and explain the practice adopted by the organisation discussed in your selected journal article and further explain the behavioural implication of adopted practice. (5 marks)
(4.1 – 5 marks) (3.6 – 4 marks) (3.1 – 3.5 marks) (2.1 – 3 marks) (0 – 2 marks)
Present an Present a very Present a good Present a Unable to
excellent good discussion discussion of the reasonable explain the
discussion of the of the relevance relevance of discussion of the relevance of
relevance of of budgeting budgeting relevance of budgeting
budgeting process as a process as a budgeting process as a
process as a planning, control planning, control process as a planning, control
planning, and evaluation and evaluation planning, and evaluation
control and system, with system, with control and system, with
evaluation examples examples evaluation examples
system, with provided from provided from the system, with provided from
examples the organisation organisation examples the organisation
provided from discussed in the discussed in the provided from discussed in the
the organisation selected journal selected journal the organisation selected journal
discussed in the discussed in the
selected journal selected journal
article company.
(4.1 – 5 marks) (3.6 – 4 marks) A (3.1 – 3.5 marks) A (2.1 – 3 marks) (0 – 2 marks)
Clear, concise, very good good discussion Adequate Unable to
compelling discussion of two of two practices. discussion of two present a proper
discussion of two practices. Clearly Clearly identifying practices. Clearly discussion of two
practices. Clearly identifying the the practice identifying the practices. Not
identifying the practice adopted
adopted by the practice adopted able to identify
practice adopted by the organisation by the the practice
by the organisation
discussed in the organisation adopted by the
organisation discussed in the
selected journal discussed in the organisation
discussed in the selected journal
but not able to selected journal discussed in the
selected journal and very good
and an excellent explanation of clearly explain the and limited selected journal.
explanation of the behavioural behavioural explanation the
the behavioural implications of implications of behavioural
implications of the adopted the adopted implications of
the adopted practice. practice. the adopted
practice. practice.
HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T1 2020
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Based on your literature (4.1 – 5 marks) (3.6 – 4 marks) (3.1 – 3.5 marks) (2.1 – 3 marks) (0 – 2 marks)
findings (above), critically Clear, concise, Present a very Present a good Present a Unable to explain
evaluate the comment compelling good discussion discussion of reasonable of target
that ‘traditional budgeting discussion of of budgeting’s budgeting’s discussion of budgeting’s
practices are constraint budgeting’s relevance in relevance in budgeting’s relevance in
on creativity, and the time
relevance in today’s today’s relevance in today’s
and energy spent on today’s competitive and competitive and today’s competitive and
budget formulation is
competitive and uncertain uncertain competitive and uncertain
better spent elsewhere’.
uncertain business business uncertain business
(5 marks)
business environment, environment, business environment
environment, with examples with examples environment,
with examples provided from provided from the with examples
provided from the article. article. provided from
the article. the article.
Based on your literature findings (above), would you recommend the use of budgeting for contemporary organisations for planning and control purpose? Explain (5 marks)
(4.1 – 5 marks) (3.6 – 4 marks) A (3.1 – 3.5 marks) (2.1 – 3 marks) (0 – 2 marks)
Clear, concise, very good A good An adequate Unable to
compelling recommendation recommendation recommendation present proper
recommendation of budgeting of budgeting of budgeting recommendation
of budgeting systems for systems for systems for of budgeting
systems for contemporary contemporary contemporary systems for
contemporary organisations to organisations to organisations to contemporary
organisations to use for planning use for planning use for planning organisations to
use for planning and control and control and control use for planning
and control purpose. purpose. purpose. and control
purpose. purpose.
Overall Presentation (5 marks)
(4.1 – 5 marks) Include all elements and is very well presented. Writing flows clearly and sections are linked very effectively. Referencing is exemplary. English is used very effectively and error-free.
(3.6 – 4 marks) (3.1 – 3.5 marks) (2.1 – 3 marks) (0 – 2 marks)
Include all Include all Include most Lack key
elements and is elements and is elements and is elements and is
well presented. generally adequately poorly
presented presented.
Writing flows presented.
appropriately. Writing
clearly and Writing does not
Writing mostly sometimes does
sections are flow clearly
flows well and not flow clearly
linked leaving the
sections are leaving
effectively. paper to seem
linked. the paper to
Referencing is of disjointed.
Referencing is in seem
a high standard. accordance with disjointed in Referencing is
English is used guidelines. areas. not in
effectively with English is used Referencing is accordance with
very few errors effectively with somewhat in relevant
present. few errors accordance with guidelines. Basic
present. guidelines. Basic English is used
English is used with errors
with some errors present.
present.
Total Marks (30)
/30
HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T1 2020
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HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T1 2020

  

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