ACCT19060: Management Accounting - Learning & Online Communication - Accounting and Finance Assignment Help

Assignment Task:

Task:

Introduction

It is expected everyone will already have set up your personal profile on Moodle and your blog (which you will have used in ACCT11059 Accounting, Learning & Online Communication and ACCT11081 Introductory Financial Accounting). This will help others in the unit to get to know you and for you to share your draft work, as we all work together to learn and develop further our own personal insights into the (possibly exciting) world of management accounting.
If you have not done so already, you will need to set up your personal profile on Moodle and your blog now. To do this, please follow these instructions.

Part A: (15 marks)

Part A involves you writing down some of your ideas, reflections and reactions to reading Chapters 7 and 11 of the textbook (or Chapters 7 and 12 if you are using the 1st edition of the textbook), creating a PowerPoint presentation to deliver your explanations arising from your reflections, and creating at least one (1) tutorial question and solution related to the key concepts. You are a university lecturer designing a class covering the topics of master budgets and its associated behavioural issues, and relevant costing.

Step 1: Key Concepts and Questions (5 marks)

As part of your preparation for this class, you decide to write your reflections on several key concepts underlying your lecture. Use Chapters 7 and 11 of the textbook (or Chapters 7 and 12 if you are using the 1st edition of the textbook) to inform your thoughts. You can also refer to other sources of information, if you wish.

Use the following questions to help guide your written response:

What is a master budget?
What is the purpose of a master budget?
What are the behavioural issues related to master budgets?
What key features can contribute towards positive behaviour with budgets?
What are the different types of budgets in a master budget?
Why is it important to get the figures for a budget as ‘accurate’ as possible? Or, indeed, is it important?

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