HND+course+planManagement+Accounting+for+Decision+MakingWord格式文档下载.docx
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UnitTitle:
ManagementAccountingforDecisionMaking
UnitCode:
F82J35
UnitDescription:
ThisUnitisprimarilyintendedforcandidateswhowishtotakeupacareerorfurtherstudyinmanagementaccounting.Itisalsorelevanttothosewithappropriateworkexperienceandwhowishtoformalizetheiraccountingskills.
UnitPurpose:
ThisUnitisdesignedtoenablecandidatestoprovideandevaluatemanagementaccountinginformationwhichwillenhancethequalityofdecisionmakingintheshorttomediumtermwithintheorganization.
OncompletionoftheUnitthecandidateshouldbeableto:
1.Preparearelevantcostandrevenuestatementtoinformaspecificmanagementdecision.
2.Applymarginalcostingtechniquestoevaluateoptions.
3.Applymarginalcostingtechniquestoprovideinformationforshort-rundecisions.
4.Evaluateproductmixdecisionsusinglimitingfactoranalysis.
5.Appraisecapitalinvestments.
RecommendedPriorKnowledgeandSkills:
Candidateswouldnormallybeexpectedtohavesomeknowledgeandskillsincostandmanagementaccounting.ThiscouldbedemonstratedbyachievementoftheHN
UnitsF7JR34:
CostAccountingand
UnitsF7JS34:
ManagementAccountingUsingInformationTechnologyorsimilarqualificationsorexperience.
ContentandContextforthisUnit:
ThisUnitisprimarilyintendedforcandidateswhoexpecttotakeupacareerorfurtherstudyinmanagementaccounting.Itisalsorelevanttothosewithappropriateworkexperienceandwhowishtoformalizetheirmanagementaccountingskills.ForcandidateswhosuccessfullyachievethisUnitaspartoftheHNDAccountingGroupAward,theremaybeopportunitiestogainexemptionsfromanumberofprofessionalaccountingbodies.Centersshouldcontacttherelevantprofessionalbodiestoascertaintheircurrentexemptionpolicies.Itisdesignedtoenablecandidatestodescribeandapplymanagementaccountingtechniquestosupportthemanagementdecisionmakingprocess.
Successfulcompletionofthisunitisbasedonthecandidates’abilitytodemonstratethefollowingfiveoutcomes:
1.Preparearelevantcostandrevenuestatementtoinformaspecificmanagementdecision.
a.Knowledgeand/orSkills
Ø
Relevantcostandrevenueconcepts
Costandrevenuestatements
Qualitativefactors
b.Evidencerequirements
CandidateswillneedtoprovideevidencetodemonstratetheirKnowledgeand/orSkillsbyshowingthattheycan:
Preparearelevantcostandrevenuestatementtoprovideinformationforaspecificmanagementdecision.Thestatementshouldincludesunkcosts,committedcosts,incrementalcosts/incomeandopportunitycosts.
Justifythetreatmentofeachcost.
Evaluatethevariousoptionsavailabletomanagementtakingintoaccountqualitativeaswellasquantitativefactors.
c.Specially:
Ifthecandidatefailtogiveaneatlayoutoftherelevantcostandrevenuestatement,itshouldberegardedasanerrorofprinciple;
Thecandidatemayanalyzethecostbyher/hisownwords.Iftheyareright,theseanswersarealsoacceptable;
Theword‘justify’inthe2ndrequirementmeansthatcandidateshouldsupplyreasonsforhis/hertreatmentofthevariousitemsinthestatementclearly.
Ifthecandidateevaluatethevariousoptionsavailabletomanagementtakingintoaccountonlyoneofqualitativeandquantitativefactors,itshouldberegardedasanerrorofprinciple;
Ifthestudentfailstocompleteallthetasks,s/he,ofcourse,couldn’tpassthisassessment.Anditisnecessarytoreassessthisassessment;
Ifthestudent’sanswerissimilartoother’sorthestandardsolutions,itisnecessarytoreassessthisassessment.
2.Applymarginalcostingtechniquestoevaluateoptions
a.Knowledgeand/orSkills
Marginalcoststatements
Contribution/salesratio
Limitingfactoranalysis
Cost/pricing/volumedecisions
Makeorbuy
Profitmaximisation
Qualitativefactors
b.EvidenceRequirements
Producemarginalcostingstatementstoinformproductmix
Determinetheproductmixwhichmaximisesprofit,makingreferencetocontribution/salesratioandlimitingfactoranalysis.
Applymarginalcostingtechniquestoevaluatevariousoptionsofcost/price/volumetakingintoaccountqualitativeaswellasquantitativefactors.
Applymarginalcostingtechniquestoevaluateoptionsofmakeorbuytakingintoaccountqualitativeaswellasquantitativefactors.
WhencompletingPart1,ifthecandidatecalculatedtheunitsofY,2333.33,thatiswrong,becauseunitsshouldbewholenumber;
WhencompletingthefirsttworequirementsinPart1,thecandidateshouldusetabulationmethod;
WhencompletingPart2,ifthestudentwritesContribution/Salesratio=12.5/25=0.5,notthesuggestedsolution25/12.5,itisright,becausethesuggestedsolution25/12.5iswrong.
Whencalculating‘Sales’inPart2,ifthestudentusesrightmethodwhichisnotthemethodinthesuggestedsolution,itisalsoacceptable;
WhencompletingPart3,ifthestudentwritesqualitativefactorsbutfailstowritequantitativefactors,itisalsoacceptable,becausethereisnorequirementofqualitativefactorsintheassessment;
3.Applymarginalcostingtechniquestoprovideinformationforshort-rundecisions.
Costbehaviour
Segregationoffixedandvariablecosts
Contribution
Break-evenpoint;
marginofsafety;
contribution/salesratio
Multi-productprofitvolumegraph
Segregatecostsintofixedandvariablecomponentsusingappropriatecalculations.
Calculatethecontribution/salesratioforaminimumofthreeproductsandintotal.
Produceamulti-productprofitvolumegraphfortheproductswhichhighlightsbreak-evenpointandmarginofsafety.
Prepareareportwithrecommendationsbasedonabreak-evenanalysisinasituationwheretherearechangestosellingprice,costsandvolume.Thereportshouldoutlinethelimitationsofbreak-evenanalysis.
Ifthecandidatedon’tusethetabletoshowtheresults,butright,theyarealsoacceptable;
Thecandidatedon’tdistributetheFixedCosttoProductA,BandC,itdoesn’tmatter;
Ifthecandidateliststhelimitationsofbreak-evenanalysiswithher/hisownwordsbutright,itisalsoacceptable.
4.Evaluateproductmixdecisionsusinglimitingfactoranalysis
Limitingfactors
Optimumproductmix
Linearprogrammingmodel
Usingalinearprogrammingapproach,prepareaclearlylabelledgraphtoidentifytheoptimumproductmixwherethereismorethanonelimitingfactor.Thelimitingfactorsshouldincludeaminimumofalabourhoursconstraintandamaterialsconstraint.
Provetheoptimummixbymathematicalmeans.
Produceaprofitstatementwithaccompanyingevaluationtoproviderecommendationsandjustificationstomanagementontheoptimumproductmix.
Ifthecandidate’scalculationprocessisnotlikethesuggestedsolutionbutright,itisalsoacceptable;
Whendrawingthegraph,ifthecandidateplaceX-axisasProductBandplaceY-axisasProductA,itisacceptable;
Ifthecandidatefailstolistatleastthreepossibleproblems,itistheerrorofprinciple;
5.Appraisecapitalinvestments
Accountingrateofreturn
Payback
Netpresentvalue
Internalrateofreturn
Effectsoftaxationandinflation
Appraisecapitalinvestmentfortwodifferentprojectsusingeitheraccountingrateofreturnmethodorpaybackmethod.
Recommendtomanagementthebestpossibleoptionavailable.
Produceacashflowstatementrelevanttoaprojectusingnetpresentvaluetechnique.Thestatementshouldincludeallrelevantdataandtakeintoaccounttheeffectsoftaxationandinflation.
Calculatetheinternalrateofreturnfortheproject.
Recommendtomanagementtheviabilityoftheproject.
Explainthestrengthsandweaknessesofinvestmentappraisaltechniques.
Thefiguresinsuggestedsolutionarewholenumbers.Ifthecandidatecalculatesthefigureswithtwodecimalplaces,itisalsoacceptable;
InPart2,ifcandidatecalculates
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- HND course planManagement Accounting for Decision Making
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