Managerial Accounting

You are required to choose a New Zealand based manufacturing company which is “Delegat’s Group Limited ”
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You are required to choose a New Zealand based manufacturing company and describe the Planning Controlling and Decision making process within the company’s Management Accounting department.

Then you are asked to comment on the broad range of skills required from a Management Accountant working for the company and discuss the ethical and social responsibility issues that a Manager in this company might encounter. Discussion of the theory should be linked to current events and issues where possible. (See marking guide for further details).

Part Two – Managerial Accounting and Cost Concepts (30%)

Use your chosen company from above and describe and define the Managerial Accounting and Cost Concepts listed below and how these concepts might be applied by the company in the Management Accounting process. It is expected that you will be able to provide one example of each of the following cost concepts relevant to your chosen company’s operation.

Manufacturing Cost Mixed Cost
Non-Manufacturing Cost Direct Cost
Product Cost Indirect Cost
Period Cost Differential Cost
Prime Cost Differential Revenue
Conversion Cost Opportunity Cost
Variable Cost Sunk Cost
Fixed Cost

1. Choose a New Zealand publically listed company in the Manufacturing sector. Obtain a copy of the Annual report and use this as a starting point for this assignment. Your research should include websites, books, magazine articles and newspapers. At least three different sources should be used.

2. Hand in the written summary to your lecturer on the due date. You need to hand in a soft and hard copy of your written assignment. It needs to be dropped via the Turn-it –in link on Moodle.

3. Each student must choose a different company and notify the lecturer of your choice no later than the end of week 2 ( 15th June 2012 )

Allocated Marks Marks Gained Comments
1. Collection of information
• Collection of relevant information. Must be at least 3 sources.

• References giving the sources. 3
2
2. Written Report – Part 1
• Background of Company – size, location business, other relevant information.

• Planning Controlling and Decision making demonstrate an understanding of how the three vital activities of Managerial Accounting would operate within your chosen company.

• Skills required from a Management accountant at the Company demonstrate your understanding of Strategic, Enterprise Risk, and Process and Measurement management skills with one example of each from your chosen company.

• Ethics and social responsibility, briefly discuss the importance of ethics in business and importantly identify a current issue that highlights the importance of social responsibility in business
5

20

20
20

3. Written report – Part 2

• Correctly defined and demonstrated understanding of each Cost concept

• Demonstrated application of the concept within the company’s operation
15

15

Total Marks 100