Order ID 6463784949 Type Essay Writer Level Masters Style APA/MLA/Harvard/Chicago Sources/References 6 Number of Pages 5-10 Pages Description/Paper Instructions
Assessment Brief Module name: Management Accounting Performance Evaluation Module code: 6AG523
Trimester: 1 Autumn 2020
Welcome to your new module. We hope you enjoy your studies. This document specifies the assessment/s for this module. We want you to be successful at the highest possible levels. You should find the assessment/s to be clear, relevant, accessible, appropriate and challenging.From September 2017, all assessment briefs have a set structure. So, you will become familiar with the 8 main sections in them. This assessment brief tells you:
- what the module is about overall
- what the module Learning Outcomes are
- what assessment/s you must pass, in order to successfully complete the module
- what you need to do in the assessment/s
- how your work will be assessed and marked
- how to present your work for marking
- where to access the University of Derby Assessment regulations
- where to get other assessment-related help and support.
1. Module Overview
All modules have an overview. This gives you an indication of the aim or purpose of the module, and it’s content. This module’s overview is below.This module expands on the knowledge and understanding you have gained on previous management accounting modules. Management Accountants require a good understanding in management accounting concepts and techniques in order to provide managers with useful information. You will need to be able to clearly present this information to employees and managers at all levels in a business especially those without any financial knowledge. You will learn how to critically evaluate tools and techniques and then apply them to scenarios. The main areas of study will be control, performance measurement and strategic management accounting
2. Learning Outcomes
All modules in UK Higher Education have learning outcomes that you will study towards and then demonstrate you have met them. In order to do this, you will draw on many factors such as:
- your prior learning and experience
- the module learning units and task
- your wider reading, reflection (and possibly practice)
- and, also the expertise of your tutors and other students.
In most modules, it will be clear exactly which of these learning outcomes is assessed in which of the assessments you have to submit and pass. On successful completion of this learning, and this module, you will be able to:
- demonstrate the ability to apply concepts in management accounting control and performance measurement to various business scenarios and case studies
- Investigate, critically analyse and present an appropriate management accounting response to a current or modern business problem or
3. Assessment types used in this module
Formative assessments and activities are opportunities for you to apply, practice and make sense of the learning materials and content that you have worked with. These will mainly be located in the End of Unit Activities.We have written these to help you to (for example) practice some academic or professional skills, such as referencing, literature searching and analysing materials. You can choose how much time and effort you put into these activities.These may take the form of individual tasks, such as: reading some text, or watching a video and documenting your reaction to it; responding to some discussion points on the discussion forum; considering a case study; or, participating in a live online classroom session.The main aim of formative activities is for you to receive feedback on your contribution, performance, or progress that will help you prepare for and complete your final summative module assessment.All modules you take will vary in several ways, and the type of feedback you get for each formative assessment or activities will vary too. If your tutors give you marks as part of the feedback, these will not be counted in your final module grade.
Summative assessments are the pieces of coursework that you must complete which contribute towards your final grade in this module. If you have a Support Plan you can discuss with your module tutor what reasonable adjustments you need.Summative assessment in this particular module is via two pieces of submitted work.You will be expected to submit your summative assessments via:You should take the feedback that you receive from the completion of summative assessments in this module and use it to help you improve your performance in future assessments.
4. Specific Assessment Component Guidelines
Assessment description: Accounting Controls
Assessment Component: Assessment weighting: Assessment limits: Assesses module learning outcome/s: 1 30 1000 Words +/-10% 1,
Last submission Date/Time: Provisional feedback released: By 22.10.11:59.00 hrs GMT Detailed guidance
CLUK is a producer of sports nutrition drinks and has two divisions, D1 and D2. Division D1 manufactures recyclable plastic containers which it sells to both Division D2 and also external customers. Division D2 makes high protein drinks which it sells to the retail trade in the containers that it purchases from Division D1.You have been provided with the following budget information for Division D1:
$ Selling price to retail customers per 1,000 containers 130 Variable costs per container 0.04 Fixed Costs per annum 2.4 million Net Assets 4.0 million
Production capacity 40,000,000 containers Retail demand for containers 38,000,000 containers Demand for containers from Division D2 20,000,000 containers You have been provided with the following budget information for Division D2:
$ Selling per container of protein drink 0.50 Variable costs per drink (excluding container) 0.15 Cost per container (from Division D1) At transfer price Fixed Costs 1,750,000 Net assets 12,650.000 Sales volume of protein drinks in containers 20,000,000 Transfer Pricing PolicyDivision D1 is required to satisfy the demand of Division D2 before selling containers externally. The transfer price for a container is full cost plus 20%.Performance Management TargetsDivisional performance is assessed on Return on Investment (ROI) and Residual Income (RI). Divisional managers are awarded a bonus if they achieve the annual ROI target of 25%. CLUK has a cost of capital of 7%.Required:
REQUIRED:
- Produce a three-page PowerPoint presentation to incorporate the following tasks:
- SLIDE 1
Using Excel, produce a profit statement for each division detailing sales and costs, separating external sales and inter-divisional transfers. You are advised to produce this statement in a Excel spreadsheet first and then copy this information into the PowerPoint slide
- SLIDE 2
Using Excel, calculate the ROI for division D1 and division D2. Copy this information into Slide 2 of the PowerPoint presentation
- SLIDE 3
Provide a brief commentary on the divisionalised profit statements and ROI results shown in slides 1 and 2[40 MARKS]
- The directors of CLUK are planning to expand the operations of the company and together with the divisional managers, have agreed to purchase a new machine that would increase annual production capacity to 50,000,000 cans at Division D1.
The purchase of this machine will increase the net assets of Division D1 by $500,000. Assume that there is no impact on unit variable costs or fixed costs resulting from this purchase. Inter-divisional transfers will be priced at opportunity cost.
You are required to produce a report to the directors critically discussing the issues and implications of the Transfer Pricing Policy on this investment and divisional profits. You should support your answer with suitable analysis and revised profit statements (these should be included as appendices to your report). Your report should be produced in a Word document containing no more than 1,000 words (+/- 10%). [60 MARKS]
Marking scheme:25%: Subject matter understanding and judgment30%: Critical analysis20%: Evidence of wider reading (academic sources)20%: Synthesis of ideas into logical, coherent arguments.5%: Presentation
5. Feedback, marking criteria and grading of your assessment
This section tells you how the marker will assess your work fairly. All markers aim for our feedback to be: timely, individual to you, helpful, empowering and manageable.They will also offer you opportunities to discuss the marking criteria they intend to use, and the type of feedback they intend to give you. You should create a shared understanding of this with them and your peers during the course of the module. They may also give you opportunities to assess your own work and the work of your peers. Look out for these opportunities. Assessment markers can give you feedback and allocate marks to you using a range of methods and tools that are appropriate to the specific module and assessment. The marker may make comments within your script (in bubbles) and may also give you written comments in the long box. They may give you a form of audio or video feedback.When they give you feedback on your assessment, as a minimum, your marker will tell you:
- if and how you have met the relevant learning outcomes
- the areas within which you did well in this assessment (they will commend you)
- the areas you could have improved in this assessment (they will make suggestions)
- what activities you can work on to help you in your next studies (you can take these ideas forward with you, and may discuss them with your Personal Tutor. You can also build them into your Action Planning.
In this module specifically, they will use the following tools. This feedback and marking structure will be specific to each component as relevant.
Category Unsatisfactory35 -39% Satisfactory 40 -49% Good50 – 59% Very Good 60 – 69% Excellent70 – 100% Subject Matter Understanding No evidence forunderstanding Explains/demonstrates financial ideas, concepts and principles with limited accuracy and irrelevant examples Explains /demonstrates financial ideas, concepts and principles with some accuracy and relevantexamples Explains/demonstrates financial ideas, concepts and principles accurately and relevant examples Explains/demonstrates financial ideas, concepts and principles highly accurately and relevant examples Critical Analysis No evidence for analysis Compares and breaks down analysis and theories, models, graphs, calculations, and arguments into their elements with difficulty Compares and breaks down analysis and theories, models, graphs, calculations, and arguments into their elements with minimal difficulty Compares and breaks down analysis theories, models, graphs, calculations, and arguments into their elements with accuracy Compares and breaks down analysis theories, models, graphs, calculations, and arguments into their elements with high accuracy Synthesis No evidence for synthesis Integrates relevant financial knowledge and concepts from diverse perspectives with little depth and breadth Integrates relevant financial knowledge and concepts from diverse perspectives with some depth and breadth Integrates relevant financial knowledge and concepts from diverse perspectives with depth and breadth Integrates relevant financial knowledge and concepts from diverse perspectives with depth and breadth from a rich source Evidence of Wider reading No evidence of research Little evidence of research having been done. Few sources of information or data used; sources used are not relevant to answering the question set. No evidence of current information included The research has identified some of the most obvious relevant research sources, and these have been utilised to achieve elementary analysis. Evidence of some of the sources being current A good variety of academic literature have been sourced and used competently in the report. The sources are relevant and up to-date The research has been done in a diligent and creative fashion. A wide variety of relevant contemporary sources has been used in a highly competent way Presentation and English unsatisfactory evidence of a clear structure no common thread running through the essay satisfactory attempt to show evidence of a clear structure and common thread running through the essay good evidence of a clear structure and common thread running through the essay Very good evidence of a clear structure and common thread running through the essay Excellent evidence of a clear structure and common thread running through the essay CW1 Feedback Rubric
Category Unsatisfactory35 -39% Satisfactory 40 -49% Good50 – 59% Very Good 60 – 69% Excellent70 – 100% Subject Matter Understanding No evidence forunderstanding Explains/demonstrates financial ideas, concepts and principles with limited accuracy and irrelevant examples Explains /demonstrates financial ideas, concepts and principles with some accuracy and relevantexamples Explains/demonstrates financial ideas, concepts and principles accurately and relevant examples Explains/demonstrates financial ideas, concepts and principles highly accurately and relevant examples Critical Analysis No evidence for analysis Compares and breaks down analysis and theories, models, graphs, calculations, and arguments into their elements with difficulty Compares and breaks down analysis and theories, models, graphs, calculations, and arguments into their elements with minimal difficulty Compares and breaks down analysis theories, models, graphs, calculations, and arguments into their elements with accuracy Compares and breaks down analysis theories, models, graphs, calculations, and arguments into their elements with high accuracy Synthesis No evidence for synthesis Integrates relevant financial knowledge and concepts from diverse perspectives with little depth and breadth Integrates relevant financial knowledge and concepts from diverse perspectives with some depth and breadth Integrates relevant financial knowledge and concepts from diverse perspectives with depth and breadth Integrates relevant financial knowledge and concepts from diverse perspectives with depth and breadth from a rich source Evidence of Wider reading No evidence of research Little evidence of research having been done. Few sources of information or data used; sources used are not relevant to answering the question set. No evidence of current information included The research has identified some of the most obvious relevant research sources, and these have been utilised to achieve elementary analysis. Evidence of some of the sources being current A good variety of academic literature have been sourced and used competently in the report. The sources are relevant and up to-date The research has been done in a diligent and creative fashion. A wide variety of relevant contemporary sources has been used in a highly competent way Presentation and English unsatisfactory evidence of a clear structure no common thread running through the essay satisfactory attempt to show evidence of a clear structure and common thread running through the essay good evidence of a clear structure and common thread running through the essay Very good evidence of a clear structure and common thread running through the essay Excellent evidence of a clear structure and common thread running through the essay
6. Assessment Presentation
When marking this assessment, the markers will also be looking for the following.
- Legible presentation.
- Good use of spelling, grammar and language throughout.
- Appropriate focus, meeting learning outcomes/assessment criteria.
- Logical progression and structure of arguments.
- Evidence of a range of relevant supporting reading.
- Use of accurate, evidence-based information to support the arguments made.
- Follow normal Academic Regulations in terms of Academic Offences, style and language.
- Use of the appropriate system of referencing and may include a bibliography that lists all resources referenced.
- A declaration statement which says you have checked your Turnitin originality report and that you are certain that the work is your own (and has never been submitted for marking before by you, or anyone else).
- A statement that says you have maintained the confidentiality of clients/customers and persons associated with them, including colleagues and organisations.
You will note that most of these will have been incorporated within the marking criteria (on the previous page) and marks will have been allocated to them. Different modules will give different priority to these.
7. Assessment regulations
The standard University assessment regulations apply for this assessment. Please note that in line with the University common assessment regulations, failure to submit coursework (i.e. non-submission) could lead to you failing the module.Details of assessment regulations are available at: https://www.derby.ac.uk/about/organisation/academic-regulations/ (sections F and E).Work Submitted late, will be marked according to University regulation, please see the University guidance on Late Submissions.
8. Where to get other help to do your assessment
During the course of the module your tutor will offer you a range of help and support. There are contact details for them within the module.Other colleagues will offer help and guidance on the Student Portal.In addition, the Academic Administrators will post helpful notices on your module announcement board.You could also use the following links if you want extra help with:Referencing and avoiding making an academic offence