Unit Code & Title :- AAF043-6 Management Accounting and Financial Planning
Assessment number and title :- Assignment 2
Assignment type :- Case study
Weighting of assignment :- 60%
Size or length of assessment :- 3000 words
AAF043-6 Management Accounting and Financial Planning Assignment 2 – Bedfordshire University UK.
Unit learning outcomes :-
Demonstrate the following knowledge and understanding
1. Demonstrate a deep and systematic under standing of management accounting and financial planning concepts techniques methods and approaches to judge the effectiveness of management decisions.
2. Demonstrate the ability to review, criticize and evaluate concepts techniques and developments of management accounting and financial planning their links to other
management disciplines and their contribution to business success.
What am I required to do in this assignment?
The term strategic management accounting (SMA) was coined about 40 years ago by Simmonds (1981 p.26) describing it as the provision and analysis of management accounting data about a business and its competitors for use in developing and monitoring the business strategy Definitions offered by scholars since tend to vary deems it to be the provision and analysis of financial information on the firm’s product markets and competitors’ costs and cost structures and the monitoring of the enterprise’s strategies and those of its competitors in these markets over a number of periods.
Your line manager has also asked you to prepare a report to be presented to the company board of directors that discusses the following topics:
I. Critical discussion of how the use of relevant costs as the basis of setting a selling price may be appropriate for short-term pricing decisions but may be inappropriate for long-term pricing decisions. Your answer should also discuss the conflict between reporting profitability within a traditional absorption costing system and the use of relevant cost based pricing
II. Critically evaluate the usefulness and limitations of capital investment techniques in making a choice between alternative investment opportunities
III. Critically discuss the role of budgeting as one of the main strategic management accounting tools in supporting businesses beyond the Covid 19 pandemic.
IV. Critically discuss the various means the taxing authorities of a country might use to determine if a transfer price is reasonable
You must support all your arguments and analysis with sound academic evidence and cite the academic materials properly using Harvard reference system.
What do I need to do to pass? (Threshold Expectations from UIF)
In order to pass Assessment 1 you will need to:
Apply appropriate management accounting and financial planning techniques to investment opportunities or performance measures in a given situation and with reference to extant literature evaluate the limitations of these techniques and suggest how alternatives might improve their effectiveness.