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Slides on Assignment Workshop
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Table of Content
Description Slide No.1. General Details 3
2. Contents of the Assignment 4-6
3. Presentation of Assignment 7-11
4. Useful Tips for the Assignment 12-16
5. Referencing 17-19
6. Missing the Deadline for the Assignment 20
7. Academic Integrity 21
8. Use of Discussion Forum for Q & A 22
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Assignment- General Details
• Due Date: 26 May 2012 (Monday) at 2pm.
• 2 students in a Group
• Per Group
– Submit a soft copy in Turnitin – Submit a hard copy in the allocated box outside the
Business Division office at Block E Level 2
• Weightings: 30% of overall assessment
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Contents of the Assignment
• Assignment Cover Sheet
• Memorandum to Boss
• Report Cover
• Table of Content
• Executive Summary
• Introduction
• Current Conventional Costing System
• Proposed Activity Based Costing System
• The costs considerations of adopting Activity Based
Costing system
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Contents of the Assignment (cont’d)
• Address the issues raised by Mr. Ali Hamid in this paragraph found in
the case:“ I really cannot understand this. We have intentionally included a meager 20% mark-up on
production cost in the bid, as we see the potential of working with the Urbanites.
Most young Malaysians are working an average of twelve hours daily. They simply do not have the
time to cook. However, they are sick with eating hawker food every day. They would truly value a
simple home cooked meal. The Urbanites, with its unique homely relaxed setting, and menu offerings
of traditional Malaysian home cooked dishes, is all set to grow in a big way in all Malaysian towns.
Although the small mark-up seems hardly enough to cover our operating expenses, the order from
The Urbanites would give us the volume that we need in the long run, and greater economies of scale
This is the breakthrough into the kopitiam market that we have been waiting for.
KampungPap has won the bid. Their price is 10% lower than ours. Looking at our costing, I do not seehow KampungPap could have priced it that low. KampungPap must have gone nuts.
Furthermore, our plant is one of the most newest and efficient in the industry. Can someone please
tell me what is happening here?
Perhaps we should just go with the retail market and forget about the kopitiam market…..” 5
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Contents of the Assignment (cont’d)
• Advise Mr Alex Gan on the ethical dilemma that he is
facing
• Recommendations
• Conclusions- summary of main issues.
• Appendices
• Reference List
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Presentation of the Assignment
• Must be in REPORT format (with proper paragraphs,
Headings and Sub-headings).
• Looks professional (fit for submission to an employer).
– Appropriate font size (Times Roman or Arial at least 11)
– Free from grammar and spelling errors.
– Proper margin and line spacing (Check specifications inlisted in MIB)
• All detail calculations and workings are to be put strictly in the
Appendix
•Do not exceed word count limit- Penalty will be imposed ifexceed limit.
• Satisfy Harvard referencing requirements.
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All detail calculations in Part A must be in Appendix
Product CostCurrent System
Direct materials $2.40
Direct Labour $4.00
Manufacturing overhead $1.60
Total manufacturing cost per DVD $8.00
Example:
• Compute the per unit cost of DVD under the current system
Product Cost
ABC
System
Direct materials $2.40
Direct Labour $4.00
Manufacturing overhead $0.60
Total manufacturing cost per DVD $7.00
• Compute the per unit cost of DVD under the ABC system
What do we find in the Body of the Report?
Example:The current conventional system over-cost the DVD. Using Activity Based Costing , the cost of the
DVD is only $7, while it is $8 under the current system
In Appendix
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Presentation of Assignment (cont’d)
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More Examples…:
• Compute the gross profit per unit cost of DVD under the current system
• Compute the gross profit per unit cost of DVD under the ABC system
In Appendix
Current System
Sale price per DVD $12.00
Less Manufacturing cost per DVD $8.00
Gross Profit per DVD $4.00
ABC System
Sale price per DVD $12.00
Less Manufacturing cost per DVD $7.00
Gross Profit per DVD $5.00
What do we find in the Body of the Report?
Example:
The DVD is more profitable than its appears under the current system. Under ABC, thegross profit is $5, but under the current system, it is $4. 9
Presentation of Assignment (Cont’d)
All detail calculations in Part A must be in Appendix
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An overview of the proposed activity based costing system.
See Exhibit 5.3 page 172 of Text Book
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(Note: The overview diagram of the proposed ABC will be presented in the Body of the
Report-Under the Proposed ABC System Section.)
Presentation of Assignment (Cont’d)
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RM100,000
100,000
RM1
Example: Proposed ABC System
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(Note: The example given
here is not based on the
facts of the case in the
Assignment. This example is
simply “made-up”, to give
you an idea of the
expectations of this
Assignment ).
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• The focus of the assignment is on application of case facts
and the results of your computations.
– You need to focus your report on NyonyaPap and its
circumstances at all times.
– Do not make general comments (as found in textbooks and
other sources), but instead apply them to NyonyaPap.
– If and where you do not apply your report to the specifics
of NyonyaPap, you will receive zero marks.
(See examples provided in Slide 13-14)
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Useful Tips for The Assignment
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Example:
• We found this statement from our textbook:
“A conventional costing system uses one or few cost allocation bases. The problem
with this system is that costs is broadly averaged”
• If we simply re-produce this statement and put it in our assignment as follows:
“NyonyaPap uses a conventional costing system. A conventional costing system uses
one or few cost allocation bases. The problem with this system is that costs is broadly
averaged”
You will get “ZERO marks” because you did not apply to the case.
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(Note: The example given here is not based on the facts of the case in the Assignment.
This example is simply“made-up”, to give you an idea of the expectations of this
Assignment ).
Useful Tips for The Assignment (Cont’d)
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Example:
• We found this statement from our textbook:
“A conventional costing system uses one or few cost allocation bases. The problem
with this system is that costs is broadly averaged”
• If we apply this statement and put it in our assignment:
“NyonyaPap uses a conventional costing system (Hongren et al. (2009), page 100-101). The system uses machine hours to allocate manufacturing overhead costs.
Overhead is allocated based on $1.87 per machine hour. The problem with using
machine hours, a unit level costs driver, is that costs is broadly averaged (Accounting
On-line (2011))
In this case, marks will be awarded.
√
√
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(Note: The example given here is not based on the facts of the case in the Assignment.
This example is simply “made-up”, to give you an idea of the expectations of this
Assignment ).
Useful Tips for The Assignment (Cont’d)
This figure is extracted from our
calculations in the Appendix
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Common errors- Deductions of marks will be made for …
• Assignment which is not in report format
• No headings & subheadings
• Did not use case facts
• Detail calculations are put in the body of report, as opposed to in the
Appendix
• No page numbers.
• Word count is not disclosed at the end of the report .
• Improper presentation of numbers:E.g. RM2015.50 or RM100000000
Numbers are to be presented as:RM 2,015.50 or RM2 015.50
RM1,000,000 or RM1 000 000
• Omit in-text referencing in the write-up of the report or Omit Reference List.15
Useful Tips for The Assignment (Cont’d)
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Use the Assessment Feedback Rubric As A Guide to check on How Marks are Awarded or Deducted..
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NOTE: We need to use IN-TEXT REFERENCING (HARVARD) for all sections
of Part B
Example:
Discuss the weaknesses of the existing costing system
“A conventional costing system uses one or few cost allocation bases. The
problem with this is ……..” (Hongren et al. (2009), pages 100-101) or
(Accounting on line (2011))
• If we copied directly from a book (including the text book or internet,
our in-text reference will appear as:
• If we have paraphrase from a book (including the text book or internet, ourin-text reference will appear as:
The current costing system uses machine hours as the cost allocation base.
The problem with this is … (Hongren et al. (2009), page 100-101) or
(Accounting On-line (2011))17
REFERENCING
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REFERENCING (Cont’d)
1. Charles T. Horngren, Walter T. Harrison, Jr. & Suzanne Oliver, (2009) Accounting, (8th
Edition), Upper Saddle River, N.J: Pearson/Prentice Hall.
Online Resources
1. Accounting Online. (2005). Debits and credits [Online]. October 2005. Available from:
http://www.accounting-online.org.uk/upload/pdf/Debits_Credits_(final).pdf.
[Accessed: 20th September 2011]
Example- In our report, the following in-text referencing are found:
The current costing system uses machine hours as the cost allocation base. The
problem with this is … (Hongren et al. (2009), page 100-101) or (Accounting On-line
(2011))
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NOTE: All references made in in-text referencing must be recorded in the ReferenceList
REFERENCE LIST- Example
Books
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REFERENCING (Cont’d)
1. Charles T. Horngren, Walter T. Harrison, Jr. & Suzanne Oliver, (2009) Accounting, (8th
Edition), Upper Saddle River, N.J: Pearson/Prentice Hall.
2. Neville, C. (2007). The Complete Guide to Accounting Maidenhead: Open University Press.
Online Resources
1. Accounting Online. (2005). Debits and credits [Online]. October 2005. Available from:
http://www.accounting-online.org.uk/upload/pdf/Debits_Credits_(final).pdf. [Accessed: 20th
September 2011]
2. Batts, Shelly. (2007). Accounting in Action. [Online] April 24th 2007. Available from:
Accountingblogs.com http://accountingblogs.com/elementary/2007/04/income -statement_1.php . [Accessed: 2nd September 2011].
Example: In our report, the following in-text referencing are found:
The current costing system uses machine hours as the cost allocation base. The
problem with this is … (Hongren et al. (2009), page 100-101) or (Accounting On-line
(2011))
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NOTE: The Reference List should comprise of ALL resources that we have read orreferred to. It may also include resources which we have read, but have not made anyreferences to in our report.
REFERENCE LIST- Example
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Missing Deadline for the Assignment
• Penalty will be imposed for late submission
– If within 24 hours after the published deadline,a mark of more than 50% for the assessed piece
of work will be reduced to 50%.
A mark of 50% or less will stand.
– If after the 24 hour window, assignments will not be
accepted. A mark of “ZERO” will be awarded
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Plagiarism –What is the Penalty if Caught?
The Groupwho allowed
his work to be
copied
The Group
that copied
Both group members will be awarded “ZERO” marks
The dishonest act will be recorded in the students’
record
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• Checks will be conducted for plagiarism
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Use the Discussion Forum on TIMeS to post
any questions that you may have
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( Note: Check the Discussion Forum from time-to time for useful responses and
tips for the Assignment).