Submission Front Sheet

Assignment Code: RQFBM-MA0502051

Programme: BTEC Higher National in Business (RQF)
Unit Title and Number: Management Accounting (Unit 5)
RFQ Level: 4
Unit Code: H/508/0489
Credit value: 15 credits
Module Tutor: Desh Sharma
Email: d.sharma@mrcollege.ac.uk
Date Set: 20.04.2020

Student’s Name: ………………………………………….

Registration Number: ……………………………………………
Date: ……………………………………………
Session ……………………………………………

Learner’s statement of authenticity

Student’s Name: _______________________Student’s ID Number: ___________________
I certify that the work submitted for this assignment is my own. Where the work of others has been
used to support my work then credit has been acknowledged. I have identified and acknowledged
all sources used in this assignment and have referenced according to the Harvard referencing
system. I have read and understood the Plagiarism and Collusion section provided with the
assignment brief and understood the consequences of plagiarising.

Signature: ___________________ Date: ___/___/_____

Is this a First Submission or Second Submission ?

Word Count (max.5000)

words
Turnitin Score
%

Essential Academic Key Dates

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 Management Accounting (Unit 5) Mont Rose College April 2020

DEADLINES FOR HND’s APR., 2020 SEMESTER

Key Dates

Semester starts 04/05/2020

Semester ends 17/07/2020

Formative assessment Dropbox opens 08/06/2020

Formative assessment Dropbox closes 28/06/2020

FORMATIVE FEEDBACK TO BE COMPLETED BY 10/07/2020

Students will have at least one week to work on teacher’s feedback.

Final SUBMISSION box opens on 11/07/2020

Final SUBMISSION box closes on 19/07/2020

Teacher’s result submission deadline (submission of LARs, observation records, 03/08/2020

exam answer sheets, portfolios etc. with proper comments and grades on
Moodle)                       

Internal Verification completion date. No more IV of this lot after this date. 20/08/2020

[Those students, whose submissions have been downgraded to referral by the IVs,
have 2 weeks to resubmit their work to their teachers from the day the IV decision
was communicated to them.]

Referral Dropbox will open from: 20/07/2020

As a few students miss the final deadline which they should not, the referral box is
being opened immediately after the final drobox closes, to enable students to make
use of this box. However, this will be treated as their last chance to submit.

Referral Dropbox closes on: 16/08/2020

Referral result deadline for teachers: 30/08/2020

Students to note: No Term Break, maximum 2 chances to clear the modules. If any module is not cleared in the
1st submission (which is to be submitted within the final submission date), it will not be eligible for a Merit or
Distinction. Dates are subject to change depending upon how the current scenario unfolds.

Assignment Title Management Accounting Systems, Techniques and

Planning Tools
Learning Outcomes LO1, LO2, LO3 and LO4

Issue Date TBA

Formative Assessment Date As on 2nd page

Assig Brief NSAB929B5DS/AA Internally Verified as fit for purpose 30 th April2020

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Management Accounting (Unit 5) Mont Rose College April 2020

Submission Date As on 2nd page

Submission Format

The submission is in the form of a report, submitted as a Microsoft Word document, and
associated portfolio of income statements calculations performed in Microsoft Excel.
You are required to make effective use of headings, bullet points and subsections as
appropriate. Your report should be referenced using the Harvard referencing system.
Please also provide a reference list using the Harvard referencing system.
The recommended word limit is 4000 words, excluding 6 calculations although you will not
be penalised for exceeding the total word limit.
Assignment Brief and Guidance

Scenario and activity:

You have applied for the position of Assistant Management Account with IKEA. You have
successfully passed the telephone interview, which is the first of the 3-stages selection
process.
The second stage will be the production of a report that you will send to the hiring
manager. The report should cover a critical evaluation of management accounting systems
and their benefits, management accounting reporting and their integration within
organizations. The report should also contain an analysis of the application of different
planning tools for preparing budgets; as well as an evaluation of how these planning tools
and management accounting systems are used to respond to financial problems. You
should make use of at least two examples to compare how real world organisations are
adapting management accounting systems when faced with financial problems.
The third and final stage will be an assessment centre in which you will be required to
perform various calculations using Microsoft Excel for a given scenario.
Your tutor has agreed to help you prepare for the second and third stages.
You are required to
 produce the report for review by your tutor, and
 complete the test set by your tutor (see below) in preparation for the third and final
stage of the selection process. You should include your answers to the test,
including calculations in the appendix of your report)

Assig Brief NSAB929B5DS/AA Internally Verified as fit for purpose 30 th April2020

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 TEST

Marwa Limited and Aarwa Limited in the same town and both started operations 3 years ago
Management Accounting (Unit 5) Mont Rose College April 2020
on the same day. They have same pattern of costs and revenue and both use FIFO (First in
First Out) when valuing their stock. But, while Marwa Ltd. uses a Marginal costing approach
to the valuation of stock in their financial statements, Aarwa Ltd. uses Absorption costing.

Calculate the Gross Profit and Net Profit for each company for each year of their first three
years in business from the following information:

Total fixed indirect production cost is £84,000 per year.

Direct labour costs over each of the three years were £11 per unit.

Direct material costs over each of the three years were £17 per unit.

Variable expenses which vary in direct ratio to production were £7 per unit.

Sales were: Year 1: 3,000 units; Year 2: 4,000 units; Year 3: 3,500 units. The selling price
remained constant at £92 per unit.

Production is at the rate of: Year 1: 3,600 units; Year 2: 4,100 units; Year 3: 3,400 units.

Other overheads are as follows:

Selling and Distribution overheads are: Year 1: £5,700; Year 2: £7,500; Year 3: £7,100

Administrative overheads £10,500 for each year

Interest expense: Year 1: £1,200; Year 2: £1,450; Year 3: £1,700

Required: Prepare the income statements of these 2 companies for last 3 years.
Please keep in mind that while Marwa uses marginal costing method, Aarwa uses
absorption costing. (6 income statements in total: 3 under marginal and 3 under
absorption. Also show workings of closing stock). After the calculations, please
comment on the followings:

Your understanding of the marginal and absorption costing methods;

Learning Outcomes and Assessment Criteria
Use of Marginal costing in a business;
Pass for the difference in profitMerit
The reason/s figures of 2 companies; Distinction

LO1You
Demonstrate an understanding
have calculated the closing stockofformanagement accounting
these 2 Businesses systems
in applying different formulae.
P1 What
Explain management
is the M1 Evaluate the benefits
reason for doing this? D1 Critically evaluate how
accounting and give the of management management accounting
essential requirements of accounting systems and systems and management
different types of their application within an accounting reporting is
management accounting organisational context. integrated within
systems. organisational processes.
P2 Explain different
methods used for
management accounting
reporting.

LO2 Apply a range of management accounting techniques

P3 Calculate costs using M2 Accurately apply a D2 Produce financial

appropriate techniques of
cost analysis to prepare
an income statement
using marginal and
absorption costs.
range of management
accounting techniques and
produce appropriate
financial reporting
documents.
reports that accurately
apply and interpret data
for a range of business
activities.

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Management Accounting (Unit 5) Mont Rose College April 2020

LO3 Explain the use of planning tools used in management accounting

P4 Explain the advantages M3 Analyse the use of D3 Evaluate how planning

and disadvantages of different
types of planning tools used
for budgetary control.
different planning tools
and their application for
preparing and forecasting
budgets.
tools for accounting
respond appropriately to
solving financial problems
to lead organisations to
sustainable success.

LO4 Compare ways in which organisations could use management accounting to respond to
financial problems
P5 Compare how M4 Analyse how, in D3 Evaluate how planning
organisations are adapting responding to financial tools for accounting
management accounting problems, management respond appropriately to
systems to respond to accounting can lead solving financial problems
financial problems. organisations to sustainable to lead organisations to
success. sustainable success.

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Management Accounting (Unit 5) Mont Rose College April 2020

GRADING DETAILS

Achievement of a Pass grade

a student must have satisfied all the Pass criteria for the learning outcomes, showing coverage
of the unit content and therefore attainment at Level 4 or 5 of the national framework.

Achievement of a Merit grade

a student must have satisfied all the Merit criteria (as well as the Pass criteria) through high
performance in each learning outcome.

Achievement of a Distinction grade

a student must have satisfied all the Distinction criteria (as well as the Pass and Merit criteria),
and these define outstanding performance across the unit as a whole.

Specification of Assessment

 Present your work in one business report style which should include table of contents,
reference list, foot or end notes and appendices if any
 Include the reference code of this assignment on your assignment submission
front page.
 Each page must be numbered at the bottom right hand side.
 Ensure the following information is in the footer on every page:
o Your name
o The production date of your submission
o The code number of your assignment brief
o The page number
 Spell-check the document and make sure there are no grammatical errors.
 Complete all the tasks.
 Produce clear specific reasoning and arguments in support of your answers.
 Submit your work in a single work processed document of not more than 4000 words for
all learning Outcomes excluding the 6 calculations. This word limit is only for guidelines,
and is not applied to grading.
 You must include a bibliography at the end to show where your information was
sourced.
 Your sources must be identified using the Harvard referencing system. The words
used in your bibliography will not be included in your word count.
As per Pearson policy, you are only allowed two submissions per module. One
for final submission and another one for referral. Failure to achieve a pass grade
after a second submission will result in you having to repeat the module in the
next term.
Any re-submission or late submission (unless authorised due to mitigating
circumstances) will be capped at a PASS grade only.

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Management Accounting (Unit 5) Mont Rose College April 2020

Extension and Late Submission

If an extension is necessary for a valid reason, requests must be made in writing using a
course work extension request form to the head of department. Please note that the lecturers
do not have the authority to extend the coursework deadlines and therefore do not ask them to
award a coursework extension.

The completed form must be accompanied by evidence such as a medical certificate in the
event of you being sick.

Plagiarism and Collusion

Any act of plagiarism and collusion will be seriously dealt with according to the regulations. In
this context, the definition and scope of plagiarism are presented below:

‘Plagiarism occurs when a student misrepresents, as his/her own work, the work, written or
otherwise, of any other person (including another student) or of any institution. Examples of
forms of plagiarism include1:
 the verbatim (word for word) copying of another’s work without appropriate and correctly
presented acknowledgement;
 the close paraphrasing of another’s work by simply changing a few words or altering the
order of presentation, without appropriate and correctly presented acknowledgement;
 unacknowledged quotation of phrases from another’s work;
 The deliberate and detailed presentation of another’s concept as one’s own.’
All types of work submitted by students are covered by this definition, including, written work,
diagrams, designs, engineering drawings and pictures.

‘Collusion occurs when, unless with official approval (e.g. in the case of group projects), two or
more students consciously collaborate in the preparation and production of work which is
ultimately submitted by each in an identical, or substantially similar, form and/or is represented
by each to be the product of his or her individual efforts. Collusion also occurs where there is
unauthorised co-operation between a student and another person in the preparation and
production of work which is presented as the student’s own.’ (’Carroll, J and Appleton, J. (2001)
Plagiarism – A Good Practice Guide. Oxford Brookes University/JISC, Oxford)

All work for assessment must be submitted with a Turnitin Report on plagiarism. The
Maximum Turnitin score admissible is 15%. Assignments with more than this 15% score
will be automatically referred for reworking and resubmission.

Any student might be called to go through a viva with the lecturer to confirm any parts
of the module through an interview which will then form part of the summative
assessment.

Assig Brief NSAB929B5DS/AA Internally Verified as fit for purpose 30 th April2020

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Management Accounting (Unit 5) Mont Rose College April 2020

To access any feedback (formative/summative) you will have to access Moodle and open
your assignment. You will have to click on the blue comment box in the righthand side
and the feedback will appear within the text. You might have to click on the blue bubbles
to see the feedback.

Resubmissions:
As per the Pearson policy under RQF, the learner needs to clear the module within
2 submissions, maximum. If that is not achieved, the learner will have to repeat the
module.

Textbooks

Dyson, J.R. (2010). Accounting for Non-Accounting Students. 8th edition. Harlow: Pearson Education
Ltd

Drury, C. (2009). Management Accounting for Business. London: Cengage Learning

Wood, F. and Sangster, A. (2005). Business Accounting 2. 10th edition. Harlow: Pearson Education Ltd.

Horngren, C.T., Sundem, G.L., Burgstahler, D., Schatzberg, J. (2014) Introduction to Management
Accounting. 16th Edition. Harlow: Pearson

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