Apply Financial and Non Financial Performance Measurement Techniques - Price Setting from a Management Accounting Perspective - Management Accounting Assessment Answer

Assessment Task:

Price Setting from a Management Accounting Perspective Assessment Answer

Aligned subject learning outcomes

• SLO3: Apply financial and non-financial performance measurement techniques that enable managers to measure and control performance, from both an operational and strategic perspective, including consideration of behavioral issues.

• SLO5: Apply critical thinking and problem-solving skills to individual and /or group activities dealing with cost information for decision-making.

• S2: Critically analyse complex contemporary business issues using appropriate accounting models and techniques and make reasoned recommendations based on a synthesis of theory and evidence.

• S4b: Present complex business analyses and information appropriately to both accountants and non-accountants using clear and fluent written communication. 

Aligned professional standards/ competencies

Knowledge: Integrate theoretical and technical accounting knowledge which includes a selection of auditing and assurance, finance, economics, quantitative methods, information

ASSESSMENT TASK 2: DESCRIPTION

Essay Topic:   Discuss the critical issues relating to price setting, from a management accounting perspective, in contemporary organizations of any two countries: USA, United Kingdom, Australia, Canada, New Zealand, Malaysia, Korea, Taiwan, and China. (Tips:  identify the key themes from the literature you have read and then discuss the issues by these themes.)

The essay is worth 20% and has a 1,500 word limit (excluding the title, headings/sub-headings and references) and is to be completed in groups of 2 to 4 students. To successfully complete the essay students are required to undertake a literature review and provide references within the essay to at least seven (7) relevant scholarly articles. 

You should review literature from various sources, including:

1. Relevant chapters in the prescribed textbook (as a starting point only);

2. Academic and professional journals (see list below). Use the following libguide available from the JCU Library website to find accounting journals and other academic references by accessing e-journals

3. Various books sourced via the library catalogue.

4. Do not use any of the following as references in your essay: Wikipedia, Investopedia, Accountingtools.com, Accountingcoach.com, blogs, Business Dictionary, Accounting4Management.com, AccountingforDummies.com, Business Writing Services or any similar website. Also do not use the lecture slides as a reference.

Some useful journals to search include (various other journals may also be useful):

1. Accounting Horizons

2. Harvard Business Review

3. Journal of Cost Management

4. Journal of Management Accounting Research

5. Management Accounting Research

6. Management Accounting (UK)

7. Strategic Finance

8. Australian Accounting Review

9. Accounting and Finance

10. Australian Accounting Review

 You will be required to form a group of two to four students to research and write the essay. Students will selfselect teams during the first three weeks of the semester. You will submit one essay per group. 

 Before starting the essay you should read over the rubric i.e. the marking criteria sheet in section 5. The essay must be typed and APA referencing is to be used 

 The assignment (with completed coversheet) must be submitted online by the due date to a Safe Assignment drop box on the CO5103 subject site on LearnJCU. All group members should sign and date the Group Task Coversheet which is to be submitted with the assignment. A word version and editable pdf version of the Group Assignment Cover Sheet can be downloaded from the Assessment link on LearnJCU. Refer Section 4.4 below for further Information on Assessment and Student Support.

Working in Teams:

You will be required to work with another student to form a team. The essay is a structured activity requiring you to write and submit one essay per group. 

» Assessment Criteria and Skills Development: Assessment will be based on the criteria set out in this subject guide and/or LearnJCU.

» Peer Evaluation Form: A peer evaluation form is used to alleviate student concerns about the contribution of individual team members. The peer evaluation form will be available on Learn JCU and must be completed by all students before essay marks are released. The subject lecturer reserves the right to amend individual essay marks based on completed peer evaluation forms and after consultation with individual students.

» Team Conflict and Disbandment: The ability to “lead, manage and contribute effectively to teams” is a key JCU Generic skill and an important skill sought by employers. Working in teams, under proper conditions, encourages peer learning and peer support. Sometimes members of a team will not contribute equally to the task, resulting in some students carrying the full load or the team effort. On other occasions, team members have left the subject. Should you have conflict in your team it is important to advise the lecturer as soon as possible. If you have not met with all of your team members by lecture recess then you should also alert the lecturer. The lecturer will retain the right (after hearing claims from students) to decide when a group should be disbanded. In exceptional circumstances, individual assessment options are available to students only after a concerted effort has been made to work with other team members.  Return of assessment: The marked assessment and feedback will be available online through LearnJCU no later than 21 days after the due date.

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