Management accounting and the management accountant

 

Part A
“Leaders of business, public service and third sector organisations are increasingly recognising that in discharging their varied duties they must address the
significant risks of global environmental change, including the economic and social risks that can flow from it. They are also recognising the interaction of a
broader range of risks and opportunities arising from, and impacting upon, ecological, social and economic sustainability as among the most urgent and
complex challenges facing their organisations and society more broadly” (Hopwood, et al., 2010).

As leaders of organisations are becoming more aware of a diverse range of sustainability-related challenges, their organisations and advisors are working
on developing a range of accounting and accountability practices which will help in identifying and managing sustainability –related risks and opportunities.

Required:
Critically evaluate the contribution of management accounting and the management accountant to accounting for sustainable development. Your critique
should be supported by literature and practical issues.
(50 marks)

Part B
Choice any retail company or a Strategic Business Unit of a retail company and design, develop and outline a Balanced Scorecard (BSC) for the company or
the Business Unit incorporating environmental measures. Where feasible your BSC should have specific measures / targets.
(50 marks)

Contribution of the assignment to the to overall module mark 50%. Approximate mark split indicated.
All sources and references should be shown.

Format:

This is an academic assignment. In terms of format, your work should be well structured, clearly presented and adequately referenced, making use of
suitable headings and sub-headings within the text. It is recommended that you also use page numbers and a table of contents page. A comprehensive
bibliography is expected. You may also make use of appendices where appropriate.
Assessment Guidelines
1. Academic writing
Your views / arguments should be based on relevant theoretical issues and be supported / justified by relevant academic references.

You are expected to provide a critical assessment of the topic area given, and to support your assessment/critique and/or recommendations with reference
to pertinent academic references.

2. Originality
Your work must of course be original and must make appropriate reference to all sources upon which it draws.
3. Information Technology
Your assignment must be word processed.
4. Relationship to learning outcomes
This assignment relates to the module three learning outcomes, namely:
(a) Apply principles of modern management accounting
(b) Evaluate behavioural issues relating to managerial performance
(c) Critically appraise new advanced management accounting initiatives; taking full account of their appropriateness and limitations

5. Grading criteria

For a mark of 70% and above:
 The discussion provides an exceptional critical evaluation of all of the main issues involved and provides a balanced and well presented discussion
incorporating consideration of all the views expressed in articles and other sources.

 The evaluation and critical analysis demonstrates both competence and understanding together with creativity and originality. The discussion also
arrives at a considered and balanced conclusion.

 Clear discussion on EMA and its importance

 Identified a suitable company and develop well balanced BSC.

 Appropriate referencing and presentation skills are illustrated

For a mark of 60% – 69%:
 The discussion provided a thorough and competent evaluation of the issues and provides a balanced and well presented discussion incorporating
consideration of all the views expressed in articles and other sources.

 A competent analytical approach is taken within the context of a balanced and well-presented discussion. There is also relevant referencing, with
the discussion containing no significant errors and/or omissions.

 Discussion on EMA and its importance

 Identified a suitable company and develop BSC for the company.

 Appropriate referencing and presentation skills are illustrated

For a mark of 50% – 59%:
 The discussion lacks any critical insight.

 No attempt is made to provide a critique of the views stated. Only limited consideration of all the views expressed is provided in the report, and
analysis is lacking.

 Reading and research whilst balanced appears nonetheless limited.

 Appropriate presentation skills are illustrated

For a mark of 40% – 49%:
 The discussion provides an adequate analysis of the issues. However the overall discussion is mainly descriptive and lacks any depth of analysis.

 In addition the assignment is somewhat unstructured with no critical comment provided.

 There is little evidence of reading/research, and concluding comments are somewhat limited and inconclusive.

 Limited presentation skills are illustrated

For a mark of 30% – 39%:
 The discussion fails to provide any adequate evaluation.

 The assignment is limited and unstructured and the analysis poor.

 There is little evidence of understanding with little or no evidence of reading/research.

 Poor presentation skills are illustrated