a clear understanding of the issues. Use of academic models. Candidates must clearly label their

Semester: Module Code: Module Title: Programme: Level: Awarding Body: Module Leader: Format: Presentation: Any special requirements: Word Limit: Deadline date for submission: Learning outcomes to be examined in this assessment: Percentage of marks awarded for module: Assessment criteria: Explanatory comments on  the assessment criteria Maximum marks for each section Content, style, relevance, originality: Clear demonstration of rigorous research from recognised authoritative sources. Audience focus. Format, referencing, bibliography: Harvard Constructive critical analysis, introduction, conclusion: Demonstration of a clear understanding of the issues. Use of academic models. Candidates must clearly label their ID Number on additional separate reference, formula or answer sheets. You have been appointed as a management accountant in a growing business. The board members need to be briefed about the importance of investing in management accounting systems for the future growth of the business. You are required to: 1. Discuss the importance of management accounting for a healthy business and differentiate between management accounting and financial accounting.  (250 Words) 2. Evaluate different classifications of costs (types, behaviour, function and relevance) with examples. (600 words) 3. Analyse the importance of differentiating fixed and variable cost in determining the breakeven point of a business and for planning different levels of business activities.                                     (550 words) 4. Evaluate the importance of operational budgets for the success of the business. (600words) Ability to introduce the report, by including assignment objective Outlining   the importance of management accounting and the differences between management accounting and financial accounting, evaluating the need for classification of costs on the basis of types, functions, behaviour and relevance, calculation of breakeven point in units and sales by differentiating fixed and variable costs and stating the need for preparing operational budgets with examples of operational budgets demonstrating the ability to relate theory to the real world. Arguments should be clearly summed up to reach a conclusion and recommendation. Clear, professional evidence of wide research should be provided. Introduction                                                                                                       5 Importance of management accounts                                                               5 Differences between management accounts and financial accounts               10 Four classification of the costs, graphs/charts                                                  20 Analysis/comparisons/calculations/ of fixed and variable costs, and break even points                                                                                        20 Evaluate the importance of operational budgets                                               10 Conclusion and Recommendation                                                                      10 Content, style, relevance, originality                                                                   10 Format, referencing, bibliography                                                                       10 Total marks                                                                                                        100 Indicative Grade UK% marks Characteristics. Distinction 70%+ Very high standard of critical analysis using appropriate conceptual frameworks. Excellent understanding and exposition of relevant issues. Clearly structured and logically developed arguments. Good awareness of nuances and complexities. Substantial evidence of well-executed independent research. Excellent evaluation and synthesis of source material. Relevant data and examples, all properly referenced. Merit 69-60% gh standard of critical analysis using appropriate conceptual frameworks. Clear awareness and exposition of relevant issues. Clearly structured and logically developed argument. Awareness of nuances and complexities. Evidence of independent research. Good evaluation and synthesis of source material. Relevant data and examples, all properly referenced. Pass 59-50% Uses appropriate conceptual frameworks. Attempts analysis but includes some errors and /or omissions. Shows awareness of issues but no more than to be expected room attendance at classes. Arguments reasonably clear but underdeveloped. Insufficient evidence of independent research. Insufficient evaluation of source material. Some good use of relevant data and examples but incompletely referenced. Pass 49-40% An understanding of appropriate conceptual frameworks. Answer too descriptive and or any attempt at analysis is superficial containing errors and omission. Shows limited awareness of issues but also some confusion. Arguments not particularly clear. Limited evidence of independent research and reliance on a superficial repeat of class notes. Relatively superficial use of relevant data sources and examples and poorly referenced. PASS MARK=40% E 39-30% Weak understanding of appropriate conceptual frameworks. Weak analysis and several errors and omissions. Establishes a few relevant points but superficial and confused exposition of issues. No evidence of independent research and poor understanding of class notes or no use of relevant data, sources and examples and no references.