This Y/650/1914 Management Accounting assignment (OTHM Level 4 Diploma in Accounting and Business) places you as a Trainee Accountant at Birkbeck Engineering. You prepare an executive summary and presentation for new interns, then a report using break-even analysis and depreciation methods for a new electric charging unit.
Management Accounting Unit Details
- Unit Reference Number: Y/650/1914
- Unit Title: Management Accounting
- Unit Level: 4
- Number of Credits: 20
- Total Qualification Time (TQT): 200 hours
- Guided Learning Hours (GLH): 100 hours
- Mandatory / Optional: Mandatory
- Task Grading Type: Pass / Refer
Unit Aims
The aim of the unit is for learners to develop their skills in management accounting, including preparation of budgets, costing, capital expenditure appraisal, and to apply these skills to a real-world case or case study.
Y/650/1914 Learning Outcomes and Assessment Criteria
| Learning Outcome – The learner will: | Assessment Criterion – The learner can: |
|---|---|
| 1. Understand the functions of management accounting in business. | 1.1 Define management accounting. 1.2 Explain requirements for various management accounting systems used in business. 1.3 Explain the function of cost accounting in business accounting. 1.4 Explain the relationship between cost accounting and management accounting. 1.5 Explain how cost accounting, management account and financial accounting are coordinated to aid effective decision-making in business. |
| 2. Understand the importance of budgeting, working capital management and accounting for depreciation. | 2.1 Explain the contribution of budgeting-setting and monitoring to business performance. 2.2 Explain the advantages and disadvantages of different types of budget-setting. 2.3 Explain how to apply the techniques for managing working capital management. 2.4 Explain the methods used to depreciate non-current assets. |
| 3. Be able to calculate standard costs and budget variances. | 3.1 Explain the purpose of standard costing for a selected organisation. 3.2 Calculate standard costs for given data. 3.3 Calculate variances for given data. 3.4 Discuss the advantages and limitations of standard costing. |
| 4. Understand how to apply break-even analysis in different contexts. | 4.1 Explain how to calculate break-even analysis using formula. 4.2 Explain how a business organisation can apply cost, volume and profit analysis. 4.3 Explain the limitations of break-even analysis. |
Y/650/1914 Task 1 of 2
| Unit Learning Outcomes | Assessment Criteria |
|---|---|
| LO 1 Understand the functions of management accounting in business. | 1.1, 1.2, 1.3, 1.4, 1.5 |
| LO 2 Understand the importance of budgeting, working capital management and accounting for depreciation. | 2.1, 2.2, 2.3 |
| LO 3 Be able to calculate standard costs and budget variances. | 3.1, 3.2, 3.3, 3.4 |
Assignment Brief and Guidance
You are a Trainee Accountant at Birkbeck Engineering.
The company is working on a number of different initiatives including developing a new charger for electric cars, and two interns have been hired to help with the work.
Your line manager has asked you to design a Training Programme to introduce the new interns to the management accounting practices of the business.
The tasks below will require you to focus on preparing suitable materials to include in the Training Programme.
Part A
Prepare an executive summary detailing the functions of management accounting in business. This will be included in the training manual for the new interns.
Your executive summary should:
- define management accounting.
- explain the requirements for a minimum of three types of management accounting systems.
- explain the function of cost accounting.
- explain the relationship between cost accounting and management accounting.
- explain how cost accounting, management account and financial accounting are coordinated to aid effective decision-making in business.
Part B
Prepare a presentation for the new interns in which you:
- explain the contribution of budgeting-setting and monitoring to business performance.
- explain the advantages and disadvantages of different types of budget-setting.
- explain how to apply the techniques for managing working capital management.
- explain the methods used to depreciate non-current assets.
- explain the purpose, advantages and limitations of standard costing to the business.
- provide examples to demonstrate your ability to calculate standard costs and variances.
Delivery and Submission
The submission for Part A is in the form of an executive summary written in Word format. The recommended word limit is 750 words excluding references and appendices. You may include visual aids, including organisational charts to enhance your report.
The submission for Part B is in the form of a 10-minute presentation equivalent to 750 words and must be in a recognised presentation format. You may include visual aids, to enhance your presentation.
Referencing: Harvard referencing.
Y/650/1914 Task 2 of 2
| Unit Learning Outcomes | Assessment Criteria |
|---|---|
| LO 2 Understand the importance of budgeting, working capital management and investment appraisal in business. | 2.4 |
| LO 4 Understand how to apply break-even in different business contexts. | 4.1, 4.2, 4.3 |
Assignment Brief and Guidance
You are working with the Finance Director and have been given the responsibility to prepare a report which shows how break-even analysis and depreciation methods could be used to assist decisions regarding the development of the new electric charging unit.
- explain the methods used to depreciate non-current assets.
- explain how to calculate break-even analysis using formula.
- explain the organisation can apply cost, volume and profit analysis.
- explain the limitations of break-even analysis.
You must ensure:
- that break-even analysis is presented in both a graphical and formula format
- that relevant calculations are used to enhance the analysis
- that the implications of different methods of depreciation are incorporated into the analysis
Delivery and Submission
The submission is in the form of a formal business report written in Word format. The recommended word limit is 750 words excluding references and appendices.
Referencing: Harvard referencing.
Get Expert Help with Y/650/1914 Management Accounting
This brief asks for three different pieces of work for Birkbeck Engineering. You must write a 750-word executive summary on the functions of management accounting, prepare a 10-minute presentation covering budgets, working capital, depreciation and standard costing with worked variances, and then produce a formal report that shows break-even analysis in both graph and formula form for the new electric charging unit. Getting the calculations right and linking each method to the company’s decisions is where most marks are won or lost.
The tutors at Malta Assignment Help can guide you through every assessment criterion of Y/650/1914. Our MBA assignment help covers costing, budgeting and break-even calculations, our college assignment help supports Level 4 diploma coursework, and our essay writing service helps you structure the executive summary and business report clearly, so your submission stays original and well referenced.
