Question :
Learning outcomes covering this assignment are:
LO1. Identify and discuss the information, systems and developments in technology required for organisations to manage and measure performance.
LO2. Explain and apply cost accounting techniques.
Scenario:
You are recently appointed as a Management Accountant/s of University of West London (UWL). One thing that is evident from the COVID-19 crisis is impacting the higher education sector rapidly. As a result, the Higher Education providers are changing their operational processes with time. UWL took this responsibility seriously, and the institution is proud of the work their teams are doing to help the stakeholders through this difficult time. IT Services of UWL is also playing an important role in this crisis. The ability for institutions to access scalable, dependable, and highly secure computing power—whether to help students continue learning, or to keep unprecedented numbers of staff online and productive from home—is critical in this situation. Academic institutions around the world are transitioning from in-person to virtual classrooms and are running on their specific platforms to help ensure continuity of learning.
Website address: https://www.uwl.ac.uk/about-us
Required:
As an expert Management Accountant, you will prepare a management report for the top management team covering the following:
Produce a Management Report using MS-Word – (Consisting Title page, Table of Contents (Automated), Introduction, Body of the report (with proper headings and subheadings), Conclusion, References, Appendices)
The body of the report should contain:
explanation of information, systems and developments in technology required for UWL to manage and measure performance.
the implications and relevance of the following mentioned Management Accounting Techniques in UWL.
Activity-based costing
Target costing
Life-cycle costing
Throughput accounting
Environmental accounting
Note: You should prepare a report discussing these above-mentioned topics. You should use online and library resources as the assignment is based purely on secondary research. If relevant, please support your arguments with examples from real life. You should carefully document your use of sources of information, applying Harvard referencing system. The report should give a reader a clear presentation of your understanding of key issues related to measuring performance, involving associated risks.
Important information:
Your report should be around 1,500 words (Title page, table of contents, forward, reference, and appendix are not included in word count).
Submission Criteria:
Your submission must meet all the following criteria:
- Presentyour work in one business report-style document which should include a table of contents, references list, and appendices if
- Submit your work in a single word-processed document in the form of a report of 1500 words
- Be adequately proofread prior to submission, and therefore doesnot contain significant errors of spelling and
- Make appropriate reference to the relevant concepts, techniques and
- Be properly referenced (Harvard Referencing System); appropriately cite all information (in the text and bibliography) as per references guidelines given to you
- Ensure that font style should be Arial or Times New Roman and font size should be 12 in allassignment
- Ensurethat (in paragraph) line spacing should be 5 and alignment should be justified.
Reading Materials for this assignment:
- Drury Colin, "Management and Cost Accounting” (latest edition), Cengage Learning.ISBN 9781408048566
- Hilton, R. W. (2011). Managerial accounting. London:McGraw-Hill.
- Annual Report of UWL 2019.
- Any other related materials
