HOLMES INSTITUTE FACULTY OF HIGHER ED.docx

HOLMES INSTITUTE
FACULTY OF
HIGHER EDUCATION
Assessment Details and Submission Guidelines
Trimester T1 2020
Unit Code HI5017
Unit Title Managerial Accounting
Assessment
Type
Assignment
Assessment

Title
Individual Assignment
Purpose of the
assessment
(with ULO
Mapping)
Students are required to develop their understanding of the
purpose and use of management
accounting systems, and its usefulness in aiding managers make
informed decisions. You are to
critically evaluate the literature (using journal articles) to
analyse the practical use of
management accounting systems by contemporary companies, in
terms of their relevance to
the decision-making by managers and achievement of business
goals (ULO 1,2,3,4)
Weight 30% of the total assessments
Total Marks 30
Word limit Not more than 3,000 words. Please use “word
count” and include in assignment.
Due Date Week 9 Sunday the 31st May at 11.59 p.m.
Submission
Guidelines

• All work must be submitted on Blackboard by the due date
along with a completed
Assignment Cover Page.
• The assignment must be in MS Word format, no spacing, 12-pt
Arial font and 2 cm margins
on all four sides of your page with appropriate section headings
and page numbers.
• Reference sources must be cited in the text of the report, and
listed appropriately at the end
in a reference list using Harvard referencing style.
• It is the responsibility of the student who is submitting the
work, to ensure that the work is
in fact her/his own work. Incorporating another’s work or ideas
into one’s own work without
appropriate acknowledgement is an academic offence. Students
should submit all
assignments for plagiarism checking on Blackboard before final
submission in the subject. For
further details, please refer to the Unit Outline and Student
Handbook.
Page 2 of 6
HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL
ASSIGNMENT T1 2020

ASSIGNMENT T1 2020
Individual Assignment Specifications
Purpose:
This assignment aims at developing your understanding of the
purpose and use of management accounting
systems, and its usefulness in aiding managers make informed
decisions. You are to critically evaluate the
literature (using journal articles) to analyse the practical use of
management accounting systems by
contemporary companies, in terms of their relevance to the
decision-making by managers and achievement
of business goals.
Assignment Task:
Journal Article Critique (30 Marks)
You are required to conduct a literature search and discussion in
this assignment.
You are to choose a peer reviewed journal article (from any
country) on the:
-Use of Budgeting as a management technique for managing
resources.
The article should be published between 2010 – 2020. Choose
your article only after you have accessed
several relevant articles, and then choose the best articles that
will answer the assignment question below.
Required: Critically evaluate the relevance and challenges of

budgeting systems by answering the 5 questions
below:
Questions:
1. Briefly discuss the budgeting process. (5 marks)
2. Based on your selected journal article, discuss citing
examples whether the budgeting process satisfies
the purpose of planning, controlling and evaluating
performance. (5 marks)
3. The two widely used practices in preparing budgets are ‘top
down’ budgeting and ‘bottom up’
budgeting. Identify and explain the practice adopted by the
organisation discussed in your selected
journal article and further explain the behavioural implications
of adopted practice. (5 marks)
4. Based on your literature findings (above), critically evaluate
the comment that ‘traditional budgeting
practices are constraint on creativity, and the time and energy
spent on budget formulation is better
spent elsewhere’.
5. Based on your literature findings (above), would you
recommend budgeting for contemporary
organisations for planning and control purpose? Explain (5

marks)
Additional Information:
a) You are encouraged to choose the journal article from the
following Accounting and Management
Accounting Journals:
Accounting, Auditing and Accountability Journal;
https://search.proquest.com/business/publication/publications_3
1671?accountid=30552
Page 3 of 6
ASSIGNMENT T1 2020
Journal of Management Accounting Research
Journal of Applied Management Accounting Research
b) You can access these journals in ProQuest Database by
clicking on the above links. Log in details for
ProQuest are - Username: Holmes2004; Password: Holmes.

These journals can also be accessed via the
ProQuest Database link available via the Student Login page in
the Holmes website. You can also use
Google Scholar. Don’t use Google.
c) No student can choose the same article as another student
from the same class, else both students may
receive a zero mark, at the Lecturer’s discretion.
d) The journal article must be uploaded (as a separate PDF file)
together with your assignment (as a MS
WORD file format) in Blackboard under the folder
<Assignment>. 5 marks will be deducted if you do not
submit the articles with your assignment.
Assignment Structure:
The report should include the following components:
a. Assignment cover page clearly stating your name and student
number
b. Abstract (one paragraph)
c. Table of contents
d. A brief introduction or overview of what the report is about.
e. Body of the assignment with appropriate section headings
f. Conclusion

g. List of References.
Marking Criteria
Marking Criteria Weighting
Journal Article Critique
1. Briefly discuss the purposes of budgeting process. (5 marks)
5%
2. Based on your selected journal article, discuss citing
examples whether the
budgeting process satisfies the purpose of planning, controlling
and evaluating
performance. (5 marks)
5%
3. The two widely used practices in preparing budgets are ‘top
down’ budgeting
and ‘bottom up’ budgeting. Identify and explain the practice
adopted by the
organisation discussed in your selected journal article and
further explain the
behavioural implications of adopted practice. (5 marks)
5%

4. Based on your literature findings (above), critically evaluate
the comment that
‘traditional budgeting practices are constraint on creativity, and
the time and
energy spent on budget formulation is better spent elsewhere’.
(5 marks)
5%
5. Based on your literature findings (above), would you
recommend the use of
budgeting for contemporary organisations for planning and
control purpose?
Explain (5 marks)
5%
Overall Presentation of Assignment 5%
TOTAL Weight 30%
https://search.proquest.com/business/publication/31820/citation/
6A92B992C7C74BC4PQ/3?accountid=30552
https://search.proquest.com/business/publication/31820/citation/
6A92B992C7C74BC4PQ/3?accountid=30552

of 6
ASSIGNMENT T1 2020
Marking Rubric
Excellent Very Good Good Satisfactory Unsatisfactory
Journal Article Critique
Briefly discuss the
purposes of budgeting
process (5 marks)
(4.1 - 5 marks)
Present an
excellent
discussion of the
purposes of
budgeting
process.
(3.6 - 4 marks)
Present a very

good discussion
of the features of
budgeting
process.
(3.1 - 3.5 marks)
Present a good
discussion of the
features of
budgeting
process.
(2.1 – 3 marks)
Present a
reasonable
discussion of the
features of
budgeting
process.
(0 - 2 marks)

Unable to
explain the
features of
budgeting
process.
Based on your selected
journal article, discuss
citing examples whether
the budgeting process
satisfies the purpose of
planning, controlling and
evaluating performance.
(5 marks)
(4.1 - 5 marks)
Present an
excellent
discussion of the
relevance of

budgeting
process as a
planning,
control and
evaluation
system, with
examples
provided from
the organisation
discussed in the
selected journal
article
(3.6 - 4 marks)
Present a very
good discussion
of the relevance
of budgeting
process as a

planning, control
and evaluation
system, with
examples
provided from
the organisation
discussed in the
selected journal
(3.1 - 3.5 marks)
Present a good
discussion of the
relevance of
budgeting
process as a
planning, control
and evaluation
system, with
examples

provided from the
organisation
discussed in the
selected journal
(2.1 - 3 marks)
Present a
reasonable
discussion of the
relevance of
budgeting
process as a
planning,
control and
evaluation
system, with
examples
provided from
the organisation

discussed in the
selected journal
company.
(0 - 2 marks)
Unable to
explain the
relevance of
budgeting
process as a
planning, control
and evaluation
system, with
examples
provided from
the organisation
discussed in the
selected journal
The two widely used

practices in preparing
budgets are ‘top
down’ budgeting and
‘bottom up’
budgeting. Identify
and explain the
practice adopted by
the organisation
discussed in your
selected journal article
and further explain
the behavioural
implication of adopted
practice. (5 marks)
(4.1 - 5 marks)
Clear, concise,
compelling
discussion of two
practices. Clearly
identifying the
practice adopted
by the

organisation
discussed in the
selected journal
and an excellent
explanation of
the behavioural
implications of
the adopted
practice.
(3.6 - 4 marks) A
very good
discussion of two
practices. Clearly
identifying the
practice adopted
by the
organisation
discussed in the
selected journal
and very good
explanation of
the behavioural
implications of
the adopted
practice.
(3.1 - 3.5 marks) A
good discussion
of two practices.
Clearly identifying

the practice
adopted by the
organisation
discussed in the
selected journal
but not able to
clearly explain the
behavioural
implications of
the adopted
practice.
(2.1 - 3 marks)
Adequate
discussion of two
practices. Clearly
identifying the
practice adopted
by the

organisation
discussed in the
selected journal
and limited
explanation the
behavioural
implications of
the adopted
practice.
(0 - 2 marks)
Unable to
present a proper
discussion of two
practices. Not
able to identify
the practice
adopted by the
organisation

discussed in the
selected journal.
Page 5 of 6
ASSIGNMENT T1 2020
Based on your literature
findings (above), critically
evaluate the comment
that ‘traditional budgeting
practices are constraint
on creativity, and the time
and energy spent on
budget formulation is
better spent elsewhere’.
(5 marks)
(4.1 - 5 marks)
Clear, concise,
compelling
discussion of
budgeting’s
relevance in

today’s
competitive and
uncertain
business
environment,
with examples
provided from
the article.
(3.6 - 4 marks)
Present a very
good discussion
of budgeting’s
relevance in
today’s
competitive and
uncertain
business
environment,

with examples
provided from
the article.
(3.1 - 3.5 marks)
Present a good
discussion of
budgeting’s
relevance in
today’s
competitive and
uncertain
business
environment,
with examples
provided from the
article.
(2.1 - 3 marks)
Present a

reasonable
discussion of
budgeting’s
relevance in
today’s
competitive and
uncertain
business
environment,
with examples
provided from
the article.
(0 – 2 marks)
Unable to explain
of target
budgeting’s
relevance in
today’s

competitive and
uncertain
business
environment
Based on your literature
findings (above), would
you recommend the use
of budgeting for
contemporary
organisations for planning
and control purpose?
Explain (5 marks)
(4.1 - 5 marks)
Clear, concise,
compelling
recommendation
of budgeting
systems for
contemporary
organisations to
use for planning
and control
purpose.

(3.6 - 4 marks) A
very good
recommendation
of budgeting
systems for
contemporary
organisations to
use for planning
and control
purpose.
(3.1 - 3.5 marks)
A good
recommendation
of budgeting
systems for
contemporary
organisations to
use for planning
and control
purpose.
(2.1 - 3 marks)
An adequate
recommendation
of budgeting
systems for
contemporary
organisations to
use for planning
and control
purpose.

(0 – 2 marks)
Unable to
present proper
recommendation
of budgeting
systems for
contemporary
organisations to
use for planning
and control
purpose.
Overall Presentation (5
marks)
(4.1 - 5 marks)
Include all
elements and is
very well
presented.
Writing flows
clearly and
sections are
linked very
effectively.
Referencing is
exemplary.
English is used
very effectively
and error-free.
(3.6 - 4 marks)

Include all
elements and is
well presented.
Writing flows
clearly and
sections are
linked
effectively.
Referencing is of
a high standard.
English is used
effectively with
very few errors
present.
(3.1 - 3.5 marks)
Include all
elements and is
generally
presented
appropriately.
Writing mostly
flows well and

sections are
linked.
Referencing is in
accordance with
guidelines.
English is used
effectively with
few errors
present.
(2.1 - 3 marks)
Include most
elements and is
adequately
presented.
Writing
sometimes does
not flow clearly
leaving
the paper to
seem
disjointed in
areas.
Referencing is
somewhat in
accordance with
guidelines. Basic

English is used
with some errors
present.
(0 - 2 marks)
Lack key
elements and is
poorly
presented.
Writing does not
flow clearly
leaving the
paper to seem
disjointed.
Referencing is
not in
accordance with
relevant
guidelines. Basic

English is used
with errors
present.
Total Marks (30) /30
Page 6 of 6
ASSIGNMENT T1 2020

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