Management Accounting
Overall requirement * Explain how management accounting can supply information to assist the management of the organisation. * You are not required to investigate and report on the organisation’s actual management accounting system (even if you can find out). * You are to write a 1500 word report as though you were a management consultant writing to the board of directors. * WE DO NOT WANT ANY NUMBERS UNLESS YOU CREATE THEM TO DEMONSTRATE AN IDEA * This is like assessment 1a – you are to imagine and create!
This is a report * It has an introduction * A main body (see the next slides) * A conclusion
How your marks will build up * Background to the organisation showing good reading of appropriate sources 25% * Review of the nature and role of management accounting 10% * An analysis of the organisation, showing its information needs, the management accounting techniques it might use and decisions it could then make. 50% * The strengths and weaknesses of your analysis – for example the additional information you would have liked in order to improve your analysis. 15%
Background to the organisation * The reason for this is to introduce your organisation (briefly) and to show what a manager in this organisation will do. Later you will show how m.a. helps. * A manager will make decisions about the organisation’s products, processes etc. – therefore your introduction will cover this. * This introduction will reveal the kind of problems that your organisation faces and must overcome. * We do not want the history of the organisation and any information that you will not use later. * Choose your organisation carefully – one that you can understand. You need to be able to imagine the kinds of decisions that a manager might make.
Review of the nature and role of management accounting * A definition (with reference) * Some idea of what management accounting does and what
This is a report * It has an introduction * A main body (see the next slides) * A conclusion
How your marks will build up * Background to the organisation showing good reading of appropriate sources 25% * Review of the nature and role of management accounting 10% * An analysis of the organisation, showing its information needs, the management accounting techniques it might use and decisions it could then make. 50% * The strengths and weaknesses of your analysis – for example the additional information you would have liked in order to improve your analysis. 15%
Background to the organisation * The reason for this is to introduce your organisation (briefly) and to show what a manager in this organisation will do. Later you will show how m.a. helps. * A manager will make decisions about the organisation’s products, processes etc. – therefore your introduction will cover this. * This introduction will reveal the kind of problems that your organisation faces and must overcome. * We do not want the history of the organisation and any information that you will not use later. * Choose your organisation carefully – one that you can understand. You need to be able to imagine the kinds of decisions that a manager might make.
Review of the nature and role of management accounting * A definition (with reference) * Some idea of what management accounting does and what