All work submitted after the submission deadline without an approved valid reason (see below) will be given a mark of zero. (This is not the same as a non submission, as a late submission counts as an attempt and a mark of zero may allow you to resit the coursework.)
Short deferrals (extensions) of up to one calendar week can only be given for genuine "force majeure" and medical reasons, not for bad planning of your time. Please note that theft, loss, or failure to keep a back-up file, are not valid reasons. The short deferral must be applied for on or before the submission date. You can apply for a short deferral by submitting an Examination/ Coursework Deferral Application Form. Application Formsalong with the supporting evidence should go to the relevant Program Executive. For a longer delay in submission a student may apply for a (long) deferral.
Students MUST keep a copy and/or an electronic file of their assignment. The electronic version of your assignment will be used to enable checks to be madeusing anti-plagiarism software and approved plagiarism checking websites. Students found copying from the internet or other sources will be subject to penalties in accordance with University and Faculty policy (See “Plagiarism Warning!” below).
Any penalties for not complying with word limits will be in accordance with Universityand Faculty policy. A deduction of 10% of the mark (after internal moderation) for work exceeding the word limit by 10% or more.
Please also take note that the word limit includes quotations, but excludes the bibliography.
This assignment will summatively assess the following learning outcome:
Understand the behavioural aspects of budgeting with regard to recent thinking.
Assessment Criteria – See brief on next page
Marking Scheme For information on how marks are awarded for particular elements of this assignment see the coursework brief.
Marked work will be returned in class. You can expect to have marked work returnedto you within 10 working days after the submission date. If for any reason, there is a delay you will be kept informed. Marks and feedback will be provided online. Marks willhave been internally moderated only and will therefore be provisional; your mark will be formally agreed later in the year once the external examiner has completed his / her review.
Assignments should not be copied in part or in whole from any other source, except for any marked up quotations, that clearly distinguish what has been quoted from your own work. All references used must be given, and the specific page number used should also be given for any direct quotations, which should be in inverted commas. Students found copying from the internet or other sources will get zero marks and may be excluded from the university.
Budgeting is one of the most important planning and control tools used by firmstoday. However, many business executives and academics feel that budgeting often serves multiple purposes which may potentially be conflicting and not becongruent.
For example, budgets used for planning may not be suitable for performance evaluation like determining bonus payments. For effective planning, more realistic budgets are needed while for performance evaluation, “stretched”budgets are required to motivate performance.
Discuss whether you agree with the statement “that various budgeting functions are often in conflict, and therefore, the budgets used for these different purposes should differ to resolve these conflicts”.
You must provide an informed (i.e., researched) opinion by reading relevant academic journal articles as well as other references.
Please adopt the following structures for your essay as marks will be awarded accordingly: