SUNDERLAND BUSINESS SCHOOL Module Title: Strategic ... SUNDERLAND BUSINESS SCHOOL Module Title: Strategic Management Accounting Module Code: APC309 Individual assignment Hand in Date:- 8th April 2013

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<ul><li><p> 1 </p><p>SUNDERLAND BUSINESS SCHOOL </p><p>Module Title: Strategic Management Accounting </p><p>Module Code: APC309 </p><p>Individual assignment Hand in Date:- 8th April 2013 General Information Weighting 100% of the marks for this module This is an individual assignment of 3,000 words (+/-10%), excluding appendices and bibliography. The word count MUST be shown on the front of the assignment. There are TWO questions to be answered in this assignment. Each question carries a maximum mark of 50%. All of the learning outcomes for the module are being assessed in this assignment. The learning outcomes are shown in the section entitled Marking Guide, which is further on in this document. The Universitys policy on cheating collusion and plagiarism will be applied to this piece of work. You are required to produce a report which answers the following TWO questions: Question 1 You have been asked to advise two entirely different businesses about the benefits and problems associated with what is termed the traditional approach to budgeting and budgetary control. One of the businesses operates in a very stable and static market place, where there is little change in either products or demand year on year, whereas the other business operates in a very dynamic, rapidly changing, innovative environment. If your findings suggest that the traditional approach is inappropriate for one or both of the businesses, please suggest and discuss some alternative approaches. The traditional approach typically involves the following processes: </p><p>a) Development of assumptions and plans about the factors influencing next years budget in advance of the budget year starting; </p><p>b) Approval of the budget before the commencement of the budget year; c) Once the budget year has started, there are monthly comparison reports </p><p>which compares budget and actual performance on both a monthly and cumulative basis; </p><p>d) Action being taken (where necessary) to correct large variances or differences. </p><p> Question 2 XYZ Limited is a medium sized manufacturing business which makes and sells products to a range of industrial customers who use XYZs products in their own products. The working capital of XYZ is typical of a manufacturing organisation in that at any point in time they have cash, trade receivables, inventories of raw materials, </p></li><li><p> 2 </p><p>work in progress and finished goods and trade payables. The Managing Director of XYZ Limited believes that all parts of the working capital cycle could be improved and has asked you to produce a report which discusses how each part of the working capital cycle could be improved and which critically evaluates the implications of the improvements on XYZ and other connected parties (for example trade receivables and trade payables). </p></li><li><p> 3 </p><p>Guidance: </p><p>Students are encouraged to be inquisitive and innovative in their approach as to what </p><p>should be included in this report. The following may be of some use in providing </p><p>guidance as to what could possibly be included, although this is in no way meant to </p><p>be prescriptive. </p><p>The aim of the assignment is to help you understand how key areas of strategic </p><p>management accounting are applied in practice. This will include investigating topics </p><p>from throughout the course linked to the above issues. Some of the principles, </p><p>concepts ad models will be more relevant to your chosen approach than others and so </p><p>it is likely that different students will formulate different approaches to the problems. </p><p>This is normal - it is not expected that all of the course content will be used in the </p><p>analysis - concentrate on that which you feel is most important. </p><p>As part of your work you might find it helpful to briefly explore the underlying theory </p><p>behind the key areas of investigation that you identify before applying them to report. </p><p>With a total of 3,000 words you do not have a lot of room for long introductions so </p><p>assume you are writing to a sophisticated audience who has a working knowledge of </p><p>strategic management accounting and is well versed in business theory. Numerical </p><p>example for illustrative purposes may be of use but should not be the main thrust of </p><p>the work. If used they should be to provide evidence to support your findings from </p><p>your other analysis of position and policies. If other sources are used remember to </p><p>reference everything! </p><p>Please avoid relying too heavily on descriptive sections reproducing information </p><p>available from course material or the set text. It is your own logical, evaluation of the </p><p>situation, the interpretation of course material and presentation, with critical analysis, </p><p>of a coherent strategic plan that will attract high marks. </p></li><li><p> 4 </p><p>Marking Guide </p><p>The learning outcomes for this module assessed by this piece of work are </p><p>Knowledge </p><p>1. Critically evaluate a range of key strategic management accounting models and concepts. </p><p>2. Critically understand of specific analytical skills in key areas within management accounting at local and international level </p><p>3. Critically understand of the role and limitations of management accounting theory. </p><p>Skills </p><p>4. Applied the key management accounting concepts and methodologies in order to contribute to successful decision making in an organisation. </p><p>In light of this the assessment criteria in the grid below will be used when assessing </p><p>your work. </p></li><li><p> 5 </p><p> ASSESSMENT CRITERIA </p><p> Criteria Fail (</p></li></ul>

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