1
HI5017 Managerial Accounting
Trimester 1 2018
Individual Assignment
Assessment Value: 20%
Instructions:
1. This assignment is need to be submitted in accordance with assessment policy
stated in the Unit Outline and Student Handbook.
2. 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 Subject Outline
and Student Handbook.
3. Maximum marks available: 20 marks
4. Assignment should be of 2,000 words. Please use “word count” and include in
report. Presented in Calibri font size 12
5. Due date of submission: Week 10, Friday at 5.00 p.m.
Format of the Report
1. You at least should have the following details:
a. Assignment Cover page clearly stating your name and student number
b. A table of contents, executive summary
c. A brief introduction or overview of what the report is about.
d. Body of the report with sections to answer the sections required and with
appropriate section headings
e. Conclusion
f. List of references.
2. Diagrams and tables clearly labelled and explained.
3. Ensure all materials are correctly referenced. Plagiarism will be severely
penalised.
2
Background:
You have been hired by the Board of Directors of your chosen company (ASX Listed)
to explain how ABC model can improve the management accounting information
available to its top management team (i.e. CEO and senior managers).
Required:
You are required to prepare a report to recommend about ABC model for your
company. The report should cover the followings:
a) An explanation of ABC model and its features
b) An explanation of how ABC model aligns with the current goals and strategies
of the company. This explanation should include:
i) An identification of the company’s mission and objectives; and
ii) An identification of the company’s corporate strategies
iii) An explanation of how ABC model assist in achieving the company’s
strategies.
c) Provide at least two (2) recommendations about the implementation of ABC
model for your company based on your research findings.
d) Apart from ABC model, suggest one other management accounting tool
suitable for your company and justify it.
Sheet1NameMarks Detail Points availablePoints awardedStandards to be referred toOther Details (if any)1Reflection of AS 4120-1994 1.1Definitions made 33 AS 4120-1994 section 3 p.5.1.2Statements of Ethics 44 AS 4120-1994 section 4 p.5.1.3Tendering procedures covered, including:- 1.3.1 Obligations of the Principal:- 221.3.1.1 Project definition 2AS 4120-1994 section 6.1.1 p.6.1.3.1.2 Tender documents 2AS 4120-1994 secti ...
1. 1
HI5017 Managerial Accounting
Trimester 1 2018
Individual Assignment
Assessment Value: 20%
Instructions:
1. This assignment is need to be submitted in accordance with
assessment policy
stated in the Unit Outline and Student Handbook.
2. 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
2. submission in the subject. For further details, please refer to the
Subject Outline
and Student Handbook.
3. Maximum marks available: 20 marks
4. Assignment should be of 2,000 words. Please use “word
count” and include in
report. Presented in Calibri font size 12
5. Due date of submission: Week 10, Friday at 5.00 p.m.
Format of the Report
1. You at least should have the following details:
a. Assignment Cover page clearly stating your name and student
number
b. A table of contents, executive summary
c. A brief introduction or overview of what the report is about.
d. Body of the report with sections to answer the sections
required and with
appropriate section headings
e. Conclusion
f. List of references.
2. Diagrams and tables clearly labelled and explained.
3. 3. Ensure all materials are correctly referenced. Plagiarism will
be severely
penalised.
2
Background:
You have been hired by the Board of Directors of your chosen
company (ASX Listed)
to explain how ABC model can improve the management
accounting information
available to its top management team (i.e. CEO and senior
managers).
Required:
You are required to prepare a report to recommend about ABC
model for your
company. The report should cover the followings:
a) An explanation of ABC model and its features
b) An explanation of how ABC model aligns with the current
goals and strategies
of the company. This explanation should include:
4. i) An identification of the company’s mission and objectives;
and
ii) An identification of the company’s corporate strategies
iii) An explanation of how ABC model assist in achieving the
company’s
strategies.
c) Provide at least two (2) recommendations about the
implementation of ABC
model for your company based on your research findings.
d) Apart from ABC model, suggest one other management
accounting tool
suitable for your company and justify it.
Sheet1NameMarks Detail Points availablePoints
awardedStandards to be referred toOther Details (if
any)1Reflection of AS 4120-1994 1.1Definitions made 33 AS
4120-1994 section 3 p.5.1.2Statements of Ethics 44 AS 4120-
1994 section 4 p.5.1.3Tendering procedures covered, including:-
1.3.1 Obligations of the Principal:- 221.3.1.1 Project definition
2AS 4120-1994 section 6.1.1 p.6.1.3.1.2 Tender documents 2AS
4120-1994 section 6.1.2 p.6; AS 4000-1997.1.3.1.3 Selecting
tenders 2AS 4120-1994 section 6.1.3 p.71.3.1.4 Call for tenders
5. 2 4120-1994 section 6.2.2 p.7.Contact Details1.3.1.5 Tendering
methods 2AS 4120-1994 section 6.2.3 p.8. Open?1.3.1.6
Tendering inquiries 2AS 4120-1994 section 6.2.4 p.8contact
person/details1.3.1.7 Amendments to tender documents 2AS
4120-1994 section 6.2.5 p.8.1.3.1.8 Receipt of tenders 2AS
4120-1994 section 6.3 p.9.1.3.1.9 Closing of tenders 2AS 4120-
1994 section 6.4 p.9.When?1.3.1.10 Evaluation of tenders 2AS
4120-1994 section 6.5 p.9. 1.3.1.11 Negotiation and selection
2AS 4120-1994 section 6.6 p101.3.2 Obligations of the
Tenderers:- 141.3.2.1 Genuine belief 2AS 4120-1994 section
7.1 p.10.1.3.2.2 Return of documents 2AS 4120-1994 section
7.2 p.10.1.3.2.3 Evaluation of tender documents 2AS 4120-1994
section 7.3 p.10.1.3.2.4 Formulation of tender and estimates:-
1.3.2.4.1 Project labour 1.5AS 4120-1994 section 7.4
p.10.Definitions (e.g. AS 4000, C.28, 29)1.3.2.4.2 Project plant
1.5AS 4120-1994 section 7.4 p.10.Definitions (e.g. AS 4000,
C.28, 29)1.3.2.4.3 Project materials 1.5AS 4120-1994 section
7.4 p.10.Definitions (e.g. AS 4000, C.28, 29)1.3.2.4.4 Project
sub-contractors 1.5AS 4120-1994 section 7.4 p.10.Definitions
(e.g. AS 4000, C.28, 23)1.3.2.5 Submission of tenders 2 AS
4120-1994 section 7.5 p.11.1.4Confidentiality22AS 4120-1994
section 8 p.11.2Financing justification and financial
arrangements by the Principal:- 52.1 Source of funds, i.e.
capital funds or operational expenses 22.2 Project selection
criteria 3Financial Project Selection criteria3Contractual terms,
including:- 153.1 Nature of Contract 1AS 4000-1997 clause 2
p.5. 3.2 Service of Notices 1AS 4000-1997 clause 7 p.9. 3.3
Assignment and Subcontracting 1 AS 4000-1997 clause 9
p.10.3.4 Statutory Requirements 1AS 4000-1997 clause 11
p.12.3.5 Examination and Testing 1AS 4000-1997 clause 30
p.24.3.6 Progress and Programming of the Works 1AS 4000-
1997 clause 32/34 p.27.3.7 Suspension of the Works 1AS 4000-
1997 clause 33 p.26.3.8 Delay or Disruption Costs 1AS 4000-
1997 clause 34 p.27.Also 33.4 & 34.93.9 Defects Liability 1AS
4000-1997 clause 35 p.29.3.10 Variations 1AS 4000-1997
clause 36 p.29, 303.11 Certificates and Payments 1AS 4000-
6. 1997 clause 37, 38; p.30, 323.12 Default or Insolvency 1AS
4000-1997 clause 39 p.33.3.13 Termination 1AS 4000-1997
clause 40 p.37. 3.14 Claims 1AS 4000-1997 clause 41 p.37.3.15
Dispute Resolution and Arbitration 1AS 4000-1997 clause 42
p.38.4Quality Assurance and Control requirements, including:-
/14 144.1 Customer quality focus 2AS ISO 10014-2007 section
5.1 p.3”(ISO 9004:2011 Annex B.2, p. 38 4.2 Quality leadership
2AS ISO 10014-2007 section 5.2 p.5”. (ISO 9004:2011 Annex
B.3, p. 39.4.3 Involvement of people 2 AS ISO 10014-2007
Section 5.3, p.6 (ISO 9004:2011) Annex B.4, p. 39-40.4.4
Process approach 2AS ISO 10014-2007 section 5.4 p.7”.(ISO
9004:2011 Annex B.5, p. 40 4.5 Systems approach 2AS ISO
10014-2007 section 5.5 p.8.(ISO 9004:2011) Annex B.6, p.
404.6 Continuous improvement 2 AS ISO 10014-2007 Section
5.6, p.9 (ISO 9004:2011) Annex B.7, p. 414.7 Mutual benefit
2AS ISO 10014-2007 section 5.8 p.10.AS 9004-2011, Annex
B.9, p. 415Safety requirements, including:- /15 155.1 Safety
management review 3AS/NZS 4804, 4.5; 4801, S. 4.6, p.12 AS
1470-1986, Section 2, p.8-95.2 Safety measurement and
evaluation 3AS/NZS 4804, S. 4.4 p.35; AS4801,S.4.5AS 1470-
1986, S 3, p. 10-115.3 Safety implementation 3AS/NZS 4804 S.
4.3 p.15; AS4801, S4.4AS 1470-1986, Section 4, p.12-13 5.4
Safety planning 3AS/NZS 4804 S.4.2; AS 4801, S.4.3 p.115.5
OHS policy 3AS/NZS4804 S 4.1.4; AS4801:2001, S.4.2
p.6References conform to the CQU Harvard Style /666 Late
penalty where applicable-TOTAL MARKS /100 1001000TOF
20:200
https://bne.com.au/corporate/projects/brisbanes-new-runway
https://www.eepm.com.au/the-bmd-way/health-safety-
environment/
https://bne.com.au/corporate/work-at-bne/safety-and-security
https://www.ipwea.org/blogs/intouch/2016/01/27/case-study-
brisbane-airport-corporations-new-parallel-runway
http://www.pc.gov.au/inquiries/completed/infrastructure/report
8. must ensure that your
tender document is consistent with all of the Australian
standards referred to in this
course.
Should you wish to use a tender template from the organisation
you work for then you
may do so. However, you must ensure that all of the ten items in
the task definition
below are included in your tender.
You must obtain the agreement from your lecturer and course
coordinator that the
subject project scope of your tender is suitable for this course.
Your task is to consider the contents of the course and apply it
to a tender request.
Your tender must do the following:
1. Define the project in the context of mining, plant, or a large
asset;
2. Explain the project justification and contract process;
3. Explain the financing of the project;
4. Identify the project conditions, project team and project
processes required;
5. Provide your expected estimates to the tenderer for the
project labour, plant,
materials, and sub-contractors;
9. 6. Provide your requirements for project changes;
7. Provide your requirements for quality assurance and quality
control;
8. Provide your requirements for document management,
reporting and governance;
9. Provide your requirements for disputes, arbitration and
mediation;
10. Provide your requirements for safety.
The primary purpose of this assessment item is to help you to
develop skills for
expressing the manner in which a principal normally engages
with contractors through
a tendering process.
The secondary purpose of this assignment is to give you the
opportunity to enhance
your analysis, critical thinking and written communication
skills; particularly in the
areas of argument development and tender writing
Your tender should be as much as practically possible a
properly constructed tender
However, you must also apply the rigours of an academic essay.
Therefore, you must
include references within your tender and a reference list
formatted in the prescribed
Harvard style is compulsory at the end of your tender. Do not
include a bibliography.
10. You are strongly encouraged to discuss your ideas with your
business and student
colleagues on the course discussion forum, before drawing your
conclusions and
submitting your assignment.
The file submitted must be a Microsoft Word (.doc or .docx)
document. Submit a copy
of your essay online through the course website on Moodle.
Submission
Upload to Moodle a single file. If you have more than one file
then create a single Zip
file and upload that. The written assignment must be a
Microsoft Word document.
Appendices may be included as PDF, Excel or other files.
Weighting
20%
Assignment
size and
Referencing
Criteria
There is NO word limit for this assignment; however it is hoped
11. that your assignment
will NOT be huge. You are encouraged to take advantage of
referencing as a means of
limiting the number of words in the assignment. When you are
incorporating many of
the sections from the Assessment Criteria below you can refer
to the text contained in
the relevant standard. For example, using the assessment
criteria below you can put
for 1.3.1.9 -“Closing of tenders – tender closing will conform to
AS 4120-1994 section
6.4 p.9”.
If you have used a tender as a template that you have taken from
your company then
you may have different words that make it harder to align to the
standards. You
should then look through your tender template and whenever
possible add a
comment, such as – “this section is similar to AS 4120-1994
section 6.4 p.9”.
Ensuring you have accurate references is important and will
allow the marker to easily
identify where your tender maps to the course material. As a
consequence you will be
able to gain the MAXIMUM MARKS.
Assessment
Criteria
Criteria Marks
1. Reflection of AS 4120-1994
12. 1.1 Definitions made /3
1.2 Statements of Ethics /4
1.3 Tendering procedures covered, including:-
1.3.1 Obligations of the Principal:- /22
1.3.1.1 Project definition
1.3.1.2 Tender documents
1.3.1.3 Selecting tenders
1.3.1.4 Call for tenders
1.3.1.5 Tendering methods
1.3.1.6 Tendering inquiries
1.3.1.7 Amendments to tender documents
1.3.1.8 Receipt of tenders
1.3.1.9 Closing of tenders
1.3.1.10 Evaluation of tenders
1.3.1.11 Negotiation and selection
1.3.2 Obligations of the Tenderers:- /14
1.3.2.1 Genuine belief
1.3.2.2 Return of documents
13. 1.3.2.3 Evaluation of tender documents
1.3.2.4 Formulation of tender and estimates with
respect to:-
1.3.2.4.1 Project labour
1.3.2.4.2 Project plant
1.3.2.4.3 Project materials
1.3.2.4.4 Project sub-contractors
1.3.2.5 Submission of tenders
1.4 Confidentiality /2
2. Financing justification and financial arrangements of the
project by the Principal, including:-
/5
2.1 Source of funds, i.e. capital funds or operational expenses
2.2 Project selection criteria
3. Contractual terms, including:- /15
3.1 Nature of Contract
3.2 Service of Notices
14. 3.3 Assignment and Subcontracting
3.4 Statutory Requirements
3.5 Examination and Testing
3.6 Progress and Programming of the Works
3.7 Suspension of the Works
3.8 Delay or Disruption Costs
3.9 Defects Liability
3.10 Variations
3.11 Certificates and Payments
3.12 Default or Insolvency
3.13 Termination
3.14 Claims
3.15 Dispute Resolution and Arbitration
4. Quality Assurance and Control requirements, including:- /14
4.1 Customer quality focus
4.2 Quality leadership
4.3 Involvement of people
4.4 Process approach
15. 4.5 Systems approach
4.6 Continuous improvement
4.7 Mutual benefit
5. Safety requirements, including:- /15
5.1 Safety management review
5.2 Safety measurement and evaluation
5.3 Safety implementation
5.4 Safety planning
5.5 OHS policy
References conform to the CQU Harvard Style /6
Late penalty where applicable
TOTAL MARKS /100
Final result: (Total marks/100)*20 = Final mark
Conditions Minimum mark or grade - 10 marks (50% of the
total marks for this assignment)
Learning
Outcomes
Assessed
16. 1. Use clear terminology to describe the key areas of project,
program and portfolio
management practices as applies to asset rich organisations.
2. Discuss the relevance of tools and techniques for
investigating and describing
project process related to developing new workings, facilities,
equipment, plant
and processes or maintaining existing facilities and equipment.
3. Present and interpret major processes that are based on sound
policy, information,
and research that enable project justification, tenders, contracts,
and selection
criteria to occur in an asset rich organisation.
4. Critically analyse management strategies and operational
activities from a broad
perspective to ensure safety and quality, to avoid overruns or
rework, to manage
variations and claims, and to make decisions to discontinue or
close projects.
5. Demonstrate an effective, professional level of teamwork and
communication and
