Assignment Brief (RQF)

Assignment Brief 1 (RQF)

Higher National Certificate/Diploma in Business

Student Name/ID Number:
Unit Number and Title: Unit 5: Management accounting
Academic Year: 2019
Unit Assessor:
Assignment Title: ASSIGNMENT 1
Issue Date:
Submission Date:
Internal Verifier Name:
Date:

Submission Format:

Format:

● This assignment is an Individual report and specifically.

● You must use font Calibri size 12, set number of the pages and use multiple line
spacing at 1.5. Margins must be: left: 1.25 cm; right: 1 cm; top: 1 cm and bottom: 1
cm.
● You should use in text references and a list of all cited sources at the end of the essay
by applying Harvard referencing style.
● The recommended word limit is 1500-2000 words (+/-10%), excluding the tables,
graphs, diagrams, appendixes and references. You will not be penalized for exceeding
the total word limit.
● The cover page of the report has to be the Assignment front sheet 1 (to be attached
with this assignment brief).

Submission

● Students are compulsory to submit the assignment in due date (slot 38) and in a way
requested by the Tutor.
● The form of submission will be a soft copy posted on http://cms.btec.edu.vn/.
● Remember to convert the word file into PDF file before the submission on CMS.

Note:

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Assignment Brief (RQF)

● The individual Assignment must be your own work, and not copied by or from another
student.
● If you use ideas, quotes or data (such as diagrams) from books, journals or other
sources, you must reference your sources, using the Harvard style.
● Make sure that you understand and follow the guidelines to avoid plagiarism. Failure
to comply this requirement will result in a failed assignment.

Unit Learning Outcomes:

LO1 Demonstrate an understanding of management accounting system.
LO4 Compare ways in which organizations could use management accounting to respond to
financial problems.
Assignment Brief and Guidance:

*This assignment guidance is for reference only and can be customized by the tutor to meet
specific needs

In this scenario, you are a member of the Financial Governance committee of [ an

organization of your choice.] Your committee has to prepare an annual report for the
shareholders’ meeting and you are in charge of writing this time. Currently, the shareholders
take a special interest in expanding the operation, improving efficiency and ethical financial
governance. US/UK based corporations are highly recommended for this assignment due to
the availability of the information.

In the beginning you should write a short introduction for the corporation, summarizing the
most recent financial performance of the company.

To address the shareholder’s concerns, you need to do the following:

1. Describe to the shareholders the main objectives of internal accounting activities in

general. The report will have to clarify the responsibilities of management
accountants in the specific context of your organization. You will provide the
company’s accounting reports as evidences for identified responsibilities.
2. Discuss the importance of ethical and responsible financial governance to business in
general. To further enhance the argument, you should identify real life example of
company failing in the market due to poor financial governance. Next, propose some
recommendation to improve the company’s financial governance policy by applying
planning tools.
3. Due to the recent expansion plan, the Board of directors want to hire more
management accountants. You will need to identify the required traits and skills of
the position to the Human resource department.

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Assignment Brief (RQF)

4. Lastly, write a short conclusion by summarizing all the key points above.

Learning Outcomes and Assessment Criteria (Assignment 1):

Learning Outcome Pass Merit Distinction
LO1 Demonstrate an P1 Explain M1 Evaluate the D1 Critically evaluate
understanding of management benefits of how management
management accounting and give management
accounting system accounting system
accounting system the essential
and their application and management
requirements of within an accounting reporting
different types of organisational context
Management is integrated within
accounting organisational process
systems.

P2 Explain different
methods used for
management
accounting reporting

LO4 Compare ways in P5 Compare how M4 Analyze how, in D3 Evaluate how

which organisations organisations are responding to planning tools for
could use adapting financial problems, accounting
management management management respond appropriately
accounting to respond accounting accounting can lead to
to financial systems to respond to organisations to solving financial
problems financial problems. sustainable success. problems to lead
=> organisations to
sustainable success.