COAC216 Cost Accounting Assignment

COAC216 Cost Accounting Assignment

COAC216 Cost Accounting Assignment

Assessment 3 (Group report)

In this assessment, you are required to make a group of 2-3 students. The word limit for this assessment is 2000 words. The value of this assessment is 20% and total marks are 40.

Learning Outcomes

a. you have to select device and apply different types of cost allocation and clarify their different roles for supporting strategic managerial decision making.

b. prepare a budget and explain feedback analysis and strategic control.

c. Converse numerous approaches to performance evaluation and control in various types of organizations and devised and evaluate simple indicators of performance.

d) Discuss the changing role of management accounting.

Assessment Description

Every group for this assignment is required to select a MANUFACTURING COMPANY and then write a report to evaluate the roles of managerial accounting in its business operation, by using their latest financial statements (annual reports), company website information, and relevant research materials if necessary

It is highly expected from you to purport the following perspective of the report:

a) Introduce the selected manufacturing company:  (3 marks)

1. Company’s name

2. Establishment year

3. Vision & mission

4. Managerial Highlights

5. Products focused 6. Line function & staff function

b) Identify and describe the value chain of the manufacturing company (4 marks)

c) Explain the process of Planning in the manufacturing company for three issues: (7 marks)

1. Which business strategies are adopted?

2. How does it position itself among other existing competitors and potential rivals?

3. What is information significantly required for its manufacturing &/or selling budgeting?

d) Analyse the process of Controlling in the manufacturing company for two issues:  (7 marks)

1. How can it monitor its manufacturing &/or selling plans?

2. How can the manufacturing company implement a balanced scorecard in its performance management system across the four perspectives: financial, customer, process, and learning & growth?

e) Provide two situations in which Decision Making is presented to the manufacturing company. Examples of decision making can be: buy or produce input material; continue or drop a business segment; focus nationally or expand internationally, improve a current product or create a new one, raise more fund through borrowing or capital issuing, target a specific customer group or diversify them, maintain current pricing policy or change it, computerise operation activities or not… (7 marks)

f) Summary of interesting findings and any recommendation/prediction.

1. Summarize and present three significant points of the discussion topics in your report in a coherent manner.

2. Provide recommendation or forecast of the manufacturing company. (4 marks)

Report format : (4 marks)

Report format was followed with the establishment of an executive summary and a table of content at the start of the report. Sub-heading for each topic/issue is expected. An assignment cover page is also required

Referencing : (4 marks)

Harvard referencing was strictly followed. A minimum of 5 different academic reference sources was used. (Remember that Wikipedia, Investopedia, and other similar websites are not academic sources and must not be used in the report)

Various challenges students may face while completing this assessment:

Students may face several problems while attempting these accounting assessments such as complex process, make appropriate references, etc. by taking help and guidance in their assessments from our experienced and professional accounting experts, students can achieve best grades and excel their academic career.