Chat with us, powered by LiveChat HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT - Writemia

HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT

HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T3 2019 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 real-life companies’ 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 Standard Costing in a real-life company; and Use of Target Costing in a real-life company. Register the two article names and details with your Lecturer in class. The articles should be published between 2010 2019. Choose your articles 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 both costing systems by answering the 5 questions below: Questions: 1. Briefly discuss the features of standard costing as a planning and control system. (5 marks) 2. Based on your standard costing article, discuss the relevance of standard costing as a planning and control system in your real-life case company. Did it satisfy the features discussed in (i)? Why or why not? Include examples in your answer from your standard costing article. (5 marks) 3. Discuss what target costing is and compare and contrast it from standard costing. (5 marks) 4. Is target costing relevant in today’s competitive and (in most cases), uncertain business environment? Explain with examples from your target costing article. (5 marks) 5. Based on your literature findings (above), which of the two systems would you recommend for contemporary organisations to use for planning purpose and which system you would recommend for control purpose? Explain (5 marks)

Do you need an answer to this or any other questions?

About Writemia

We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.

How It Works

To make an Order you only need to click on “Place Order” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.

Are there Discounts?

All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.

Hire a tutor today CLICK HERE to make your first order