Management Accounting

FACULTY OF BUSINESS AND LAW

Newcastle Business School

PACC6001: MANAGEMENT ACCOUNTING

SEMESTER 1, 2013

Assignment

Due Date: 15 April 2013 (9.00 am)

Submission: hardcopy In Class and softcopy via Turnitin

Maximum 25 Marks

INTRODUCTION AND RATIONALE

The purpose of this assignment is to help students further develop a number of the skills and knowledge required and valued by the accountancy profession. The task that students are required to undertake is similar to the tasks required of a professional accountant working within the management accounting field.

Marks will be awarded based on the accuracy and completeness of answers for each section. The assignment must be attempted and completed on an individual basis and submitted by the due date.

PRESENTATION FORMAT

Students should submit a typed response. A faculty specific Assignment Cover Sheet should be completed and attached to each submission. Copies of the Assignment Cover Sheet may be found on Blackboard

Marking criteria

In the awarding of marks for theoretical questions, consideration will be given to:

• evidence of understanding of the key issues identified in the question;

• active analysis of identified elements;

• clear indication of reading of the texts, readings and other relevant references;

• clear and logical written expression;

• proper referencing

Numerical questions

In the awarding of marks for numerical questions, consideration will be given to:

• approach taken to solve the problem

• correct calculations;

• appropriate formatting and headings for financial reports and journal entries;

• clarity and logic of relevant workings;

• proper referencing ; and

• completeness of answers.

Problem:-1 (15 marks)

King Manufacturing has four categories of overhead. The four categories and...