Beruflich Dokumente
Kultur Dokumente
Introduction:
The growing importance of cost management is significantly changing the practice of management
accounting and that the challenge for management accountants lies in choosing their future role.
Those who do not develop the right skill set will either have to develop expertise to allow them to
transfer to functional areas of the firm or risk finding themselves at a career dead-end.
As competition becomes more intense, firms are forced to learn to be more proactive in the way
they manage costs. With the emergence of the lean enterprise and global competition, firms face
ever-increasing levels of competition. For many of these firms, survival is dependent upon their
abilities to develop sophisticated cost management systems that create intense pressures across the
entire value chain to reduce costs.
The main purpose of this assignment is to encourage and facilitate students to explore and gain a
better understanding on the weaknesses of the Traditional Management Accounting Practice and
the needs to change to Modern Management Accounting Practice. Students are required to write a
report on The Importance of Modern Management Accounting Practice.
________________________________________________________________________
1
Group Assignment - consist of 7 printed pages
The Assignment:
You are required to:
A. Form a group
1. Group size: between 5 to 6 students.
2. This is a group assignment. You are required to work together as a group to
complete the assignment.
3. Each group is expected to submit ONE completed assignment as a group, NOT on
an individual basis.
B. Your assignment should discuss on the following issues:
1. Highlight the criticism of Traditional Management Accounting Practice.
2. Introduce and evaluate the mechanism of Modern Management Accounting Practice
(Choose any 4) : ERP system
Activity-based costing and budgeting (ABC & ABB)
Just-in-time (JIT)
Total Quality Management (TQM)
Balanced Scorecard
Benchmarking
Transfer Pricing
3. Explain why there is a need to change from Traditional Management Accounting
Practice to Modern Management Accounting Practice.
4. Give an example of an organization that has successfully implemented the Modern
Management Accounting Practice and how it helps to maintain the companys
competitive advantages.
C. NOTE:
1. Your discussion must be specific and precise. General write-up is NOT acceptable.
2. You can be creative and use your imagination where necessary. Good marks will be
rewarded for a good discussion and justification.
3. You are allowed to present the report in any structure by making an attempt to relate
all the contents systematically and logically.
4. The project can be completely based on diligent observation, some form of
research, reading, and being creative and logical imagination.
5. You are allowed to present in diagrams, charts, or other forms as you deemed fit.
Appendices are also allowed where necessary.
________________________________________________________________________
2
Group Assignment - consist of 7 printed pages
________________________________________________________________________
3
Group Assignment - consist of 7 printed pages
3. Cover Page
T..
UNIVERSITI TUNKU ABDUL RAHMAN
Faculty of Business and Finance
Bachelor of Commerce (Hons) Accounting
Academic Year 2011/2012
Year 2 Trimester 1
UBAM2023/4 Performance Management
Group Assignment
Project Title: Performance Measurement
Submitted by:
Name
Group Leader:
1.
ID No
Contact No
Mark
Group Member:
2.
3.
4.
5.
6.
Date of submission: .
________________________________________________________________________
4
Group Assignment - consist of 7 printed pages
Each issue is
not being evaluated
appropriately
Each issue is
carefully evaluated
with appropriate
elaboration
Each issue is
carefully evaluated
with excellent
elaboration
Little or no
evidence of research
and knowledge
application
Some evidence of
research and relevant
knowledge
application
Clear evidence
of research and
systematic knowledge
application
Excellent evidence
of research and
creative knowledge
application
Issue B1
06
7-9
10 - 12
13 15
15
Issue B2
0 19
20 26
27 - 33
34 40
40
Issue B3
04
56
7-8
9 - 10
10
Issue B4
09
10 - 13
14 - 17
18 - 20
20
Report is poorly
presented and
irrelevant
Overall
06
Report is reasonably
presented based on
requirement
79
Report is presented
systematically and
clearly
10 12
Marks
Report is
comprehensive,
presented logically
and well structured
13 15
Total
________________________________________________________________________
5
Group Assignment - consist of 7 printed pages
15
100
0%
Group member missed group meetings without making alternative arrangements with
other group members.
Group member assigned tasks were only partly completed or poorly completed.
Group member did not contribute to the group effort or volunteer for tasks.
Group member attended few meetings and made no contribution to the assignment.
Instructions:
Place the name of each of the members in your group in the space provided below. Appraise
each of the members in your group by circling one of the totals shown below (i.e. 100%, 50%
or 0%).
Group Member
1.
2.
3.
4.
5.
6.
Assessment
100%
100%
100%
100%
100%
100%
50%
50%
50%
50%
50%
50%
0%
0%
0%
0%
0%
0%
Note:
1. Failure to submit a Group Member Appraisal Form will result in a zero appraisal being
recorded against your name.
2. The adoption of Group Member Appraisal marks is solely at the discretion of the
Lecturer/Tutor.
________________________________________________________________________
6
Group Assignment - consist of 7 printed pages
________________________________________________________________________
7
Group Assignment - consist of 7 printed pages