HI5017 - Managerial Accounting - Accounting Journals Report Writing - Accounting and Finance Assignment Help

Assignment Task

Purpose:  
This assignment aims at developing your understanding of the purpose and use of management accounting  systems, and its usefulness in aiding managers make informed decisions. You are to critically evaluate the  literature (using journal articles) to analyse the practical use of management accounting systems by  contemporary companies, in terms of their relevance to the decision-making by managers and achievement  of business goals.  
Assignment Task:  
Journal Article Critique (30 Marks)  
You are required to conduct a literature search and discussion in this assignment.  
You are to choose a peer reviewed journal article (from any country) on the:  
-Use of Budgeting as a management technique for managing resources.  
The article should be published between 2010 – 2020. Choose your article only after you have accessed  several relevant articles, and then choose the best articles that will answer the assignment question below.  
Required: Critically evaluate the relevance and challenges of budgeting systems by answering the 5 questions  below:  
Questions:  
1. Briefly discuss the budgeting process. (5 marks)  
2. Based on your selected journal article, discuss citing examples whether the budgeting process satisfies  the purpose of planning, controlling and evaluating performance. (5 marks) 
3. The two widely used practices in preparing budgets are ‘top down’ budgeting and ‘bottom up’  budgeting. Identify and explain the practice adopted by the organisation discussed in your selected journal article and further explain the behavioural implications of adopted practice. (5 marks)  
4. Based on your literature findings (above), critically evaluate the comment that ‘traditional budgeting  practices are constraint on creativity, and the time and energy spent on budget formulation is better  spent elsewhere’.  
5. Based on your literature findings (above), would you recommend budgeting for contemporary  organisations for planning and control purpose? Explain (5 marks)  
Additional Information:  
a) You are encouraged to choose the journal article from the following Accounting and Management  Accounting Journals:  
Accounting, Auditing and Accountability Journal;
Journal of Management Accounting Research 
Journal of Applied Management Accounting Research 
b) You can access these journals in ProQuest Database by clicking on the above links. Log in details for  ProQuest are - Username: Holmes2004; Password: Holmes. These journals can also be accessed via the  ProQuest Database link available via the Student Login page in the Holmes website. You can also use  Google Scholar. Don’t use Google.  
c) No student can choose the same article as another student from the same class, else both students may  receive a zero mark, at the Lecturer’s discretion.  
d) The journal article must be uploaded (as a separate PDF file) together with your assignment (as a MS  WORD file format) in Blackboard under the folder <Assignment>. 5 marks will be deducted if you do not  submit the articles with your assignment.  

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