ACCT2006 Management and Cost Accounting 2

ACCT2006 Management and Cost Accounting

ACCT2006 Management and Cost Accounting

Course name : ACCT 2006: Management and	Cost Accounting
University Name : Torrens University Australia        

Assessment 2 – Case Study Outline and Presentation

Learning Outcomes

1. Explain the nature and importance of management accounting, and the current roles and responsibilities of management accountants in contemporary business organizations.

3. Categorise and identify the nature of various types of costs, cost objects and cost behaviours and use cost estimation techniques to develop cost functions.

4. Apply cost accounting techniques to calculate the cost of a range of cost objects, as well as analyse costs.

5. Apply cost information to planning, control and decision-making.

Instructions:

A case study document will be distributed to students in Week 1. Students will be allocated to a group of 3 to 4 students, and each group will be given a different case study. The case study contains background and information regarding a specific organisation and some financial and non-financial data regarding a commercial activity of that organisation. Students must read their allocated case carefully and each group must draft a response to the questions set for that case study. Groups should meet outside of class-time as required, to discuss a plan of work, the distribution of tasks between the group members, and to review the work prior to submission and the presentation. Ultimately, each group must prepare an outline solution to each of the questions of the case study, and prepare a 15-minute presentation of this outline to be presented to the rest of the class during class-time in week 7. The presentation should involve appropriate presentation tools and technology. Groups will be assessed by the lecturer on both the content of the presentation and their presentation skills.


Assessment 3 – Peer Feedback on Outline and Group Presentations

Learning Outcomes

1. Explain the nature and importance of management accounting, and the current roles and responsibilities of management accountants in contemporary business organizations.

3. Categorise and identify the nature of various types of costs, cost objects and cost behaviours and use cost estimation techniques to develop cost functions.

4. Apply cost accounting techniques to calculate the cost of a range of cost objects, as well as analyse costs.

5. Apply cost information to planning, control and decision-making.

Instructions:

Feedback form templates will be distributed to students in Week 1. All students attending the outline presentations in week 7 should have read through the case studies being presented, and be prepared to evaluate and comment on both the content and the presentation style of the other group(s). Comments can be made to each group verbally during the question and answer phase of the presentation, and on the peer feedback form, which must be completed by each student regarding other group presentations. This feedback may be incorporated by each group into their final presentation and submission in week 11.


Assessment 4 – Case Study Final Presentation and Report

Learning Outcomes

1. Explain the nature and importance of management accounting, and the current roles and responsibilities of management accountants in contemporary business organizations.

2. Identify and analyse ethical and organisational issues confronting contemporary management accountants.

3. Categorise and identify the nature of various types of costs, cost objects and cost behaviours and use cost estimation techniques to develop cost functions.

4. Apply cost accounting techniques to calculate the cost of a range of cost objects, as well as analyse costs.

5. Apply cost information to planning, control and decision-making.

6. Critically evaluate the relevance of both quantitative and qualitative costing information to management decision making.

Instructions:

A contextual investigation record will have been conveyed to understudies in Week 1. Gatherings of 3 to 4 understudies will have cooperated to draft a layout of the proposed reactions to the contextual analysis questions, which will have been displayed to the class and submitted for checking in week 7 (Assessment practice 2). Gatherings will have gotten input from friend assessment criticism frames in week 7 (Assessment practice 3) and from the checked blueprint in week 8. Gatherings will at that point take a shot at refining their reactions to the contextual analysis questions and present this in the last report in week 11. An extra present with moral case situations identifying with each gathering’s contextual analysis will have been passed out in Week 2. Understudies will work in their gatherings to set up a reaction to the moral case questions, which will be exhibited, alongside their last contextual investigation reactions, in a 15-minute introduction in week 11. The moral case reactions will be fused in the last contextual investigation report submitted in week 11.

Contextual analysis Final Presentation and Report

Morals Scenario: G. G. Toys

Learning Outcomes

1. Clarify the nature and significance of the executives bookkeeping, and the present jobs and duties of the executives bookkeepers in contemporary business associations.

2. Recognize and fundamentally dissect some contemporary issues standing up to associations and the executives bookkeeping, including morals.

3. Sort and distinguish the idea of different kinds of costs, cost articles and cost practices and use cost estimation strategies to create cost capacities.

4. Depict and apply cost bookkeeping systems to figure the expense of a scope of cost objects, break down expenses, and use cost data for arranging, control and basic leadership.

Morals Scenario

On page 4 under Current Situation, it is expressed that:

‘G. G. Toys had chosen to create occasion reindeer dolls in the Chicago plant amid July, August, and September. The Chicago plant extended its creation limit (for example machines and rented dispersed), and held the extra limit with regards to generation of the occasion reindeer. In this way, this limit would sit inert from October through June. Parker was uncertain about how this overabundance limit would influence the aftereffects of the inside cost consider in the Chicago plant and generally speaking plant execution.’

Talk about the moral ramifications on the representatives of Chicago plant if the plant would end up inert amid the timeframe from October to June.

Contextual investigation Final Presentation and Report

Morals Scenario: Gibson Insurance Company

Learning Outcomes

1. Clarify the nature and significance of the board bookkeeping, and the present jobs and obligations of the executives bookkeepers in contemporary business associations.

2. Distinguish and basically dissect some contemporary issues defying associations and the board bookkeeping, including morals.

3. Order and recognize the idea of different sorts of costs, cost items and cost practices and use cost estimation methods to create cost capacities.

4. Portray and apply cost bookkeeping methods to figure the expense of a scope of cost objects, investigate expenses, and use cost data for arranging, control and basic leadership.

Morals Scenario

On pages 2-3 under Cost Allocation, it is expressed that Rebecca Hampton, the controller for Gibson Insurance Company, checked on the corporate general record that contains data about the cost line things used to record explicit cost types. She chose to partition about 50 diverse corporate cost accounts into four classifications. These are

Strategy securing

Client benefit

Deals and showcasing

Other corporate help

Talk about the moral ramifications on the administration and laborers of Gibson Insurance Company because of changes in cost designations started by Rebecca Hampton.

Contextual analysis Final Presentation and Report

Morals Scenario: Rubrics Corporation

Learning Outcomes

1. Clarify the nature and significance of the executives bookkeeping, and the present jobs and duties of the executives bookkeepers in contemporary business associations.

2. Recognize and basically investigate some contemporary issues standing up to associations and the executives bookkeeping, including morals.

3. Classify and recognize the idea of different sorts of costs, cost articles and cost practices and use cost estimation procedures to create cost capacities.

4. Depict and apply cost bookkeeping systems to figure the expense of a scope of cost objects, investigate expenses, and use cost data for arranging, control and basic leadership.

Morals Scenario

On page 2 under Rubrics’ Situation, it is expressed that the organization’s CFO intended to actualize an action based costing (ABC) framework, planning to enhance item estimating.

Talk about the moral ramifications on the administration and specialists of Rubrics Corporation coming about because of the CFO’s choice to actualize an ABC framework.

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VISIT AT : ACCT2002 Corporate Accounting

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