Reference no: EM133145364 , Length: word count:2500

HI5017 Managerial Accounting - Holmes Institute

Students are required to develop their understanding of the types of management accounting information that assists managers in organisational planning and control purposes. You need to critically evaluate the literature (using journal articles) to analyse the practical use of management accounting information by contemporary organisations, and their relevance to decision- making by managers and achievement of business goals.

Assignment Task: You are required to conduct a literature search for this assignment, cite your source(s) and provide a full reference list (as per the Holmes Adapted Harvard Referencing guidelines on pg. 1-2).

Part A
Management accounting is increasingly becoming a critical decision-making process in organizations across the world. In this task, you are to evaluate the future of management accounting work in organisations.

Required:
Identify several relevant published articles, and three (3) carefully selected recent management accounting job advertisements (Articles to be published from 2000 - current in any country, and jobs advertised only in Australia between 2021 to recently), and use them to answer the questions below:

a) How does management accounting impact organisations? Include examples from the literature to support your answer.

b) Describe any two (2) significant developments that have influenced the focus of management accounting work in organisations today. Include examples from the literature to support your answer.

c) i) Based on your three (3) carefully selected job advertisements, evaluate the skills-set required of management accountants in Australian organisations today.

ii) In your opinion, do they reflect the demands by today's organisations, as discussed in your answer to (b)? Explain.

d) Based on your findings, provide two (2) recommendations that would inform Australian organisations about the changing roles of today's management accountants.

You should access published articles online, from business, accounting or trade magazines, newspapers, relevant business and accounting websites or relevant academic journals (see pg. 4 for ProQuest links to relevant accounting journals).

The chosen articles must be referenced using the Holmes Adapted Harvard Referencing style, with the hyperlink of the articles added in the reference list.
Search and read several articles before you select the relevant articles you will use for this assignment.

Also, using Holmes Adapted Harvard Referencing style, cite and reference the source of your three (3) management accounting job advertisements, and provide their hyperlinks so the Marker can have access to them.

Part B
a) Explain what a hybrid costing system is and explain how it is suited to batch manufacturing production environments.

Choose one (1) company that is listed on the ASX by clicking here: asx-listed-companies whereby a hybrid costing system is suitable for its production environment and answer the questions below:

b) Describe the nature of your chosen company's operations, production environment and its product(s).

c) (i) Demonstrate that a hybrid costing system is suitable for your chosen company's production process.

(ii) Include diagram(s) such as flow charts of the production process and the components of the costing system to illustrate and justify your answer.

(Note: You will need to develop the flow chart based on your understanding of your chosen company's operations)

You will need to understand the nature of the company's operations to answer this question adequately, so do view the company's annual report, website, and other relevant public information sources.

"Maximum 1500 words."

Assignment Structure:
The assignment 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 assignment is about.
e. Body of the assignment with appropriate section headings
f. Conclusion
g. List of References (follow the Holmes Adapted Harvard Referencing guidelines on pg. 1-2)

Attachment:- Managerial Accounting.rar