ACT202: Management Accounting- Behaviour & Communication Issue Related to Budgeting & Performance Evaluation- Accounting Assignment Help
PART A – The first part requires you to prepare a basic master budget. The general description and the datafor the assignment is to be obtained from the associated assignment data file. This file is in MS Excel format andrequires you to enter your student number to generate the assignment data. The data generated is unique toeach student. The basic format and requirements of the assignment are the same for each student, however the
different data sets will result in a substantially different solution for each student.
The data file for this assignment is available on the ACT202 Learnline site in the same section from where you obtained this document.
If you are unable to access this file in MS Excel format, then please contact the Lecturer who will provide you with a copy of the data in PDF format.
All that is required for this part is the Budget Schedules. They can be produced in any format that you feel isconvenient however the final submission must be in readable3 PDF format.
PART B – The second part requires you to write a brief report addressing the Sales Manager’s concerns, usingsome of the concepts covered in Topic One of this unit specifically and concepts covered in Topics 2 to 5 moregenerally, AND the information provided on the Cost Structures identified in the budget prepared for Part A and inthe data provided in the data file for this assignment, and any additional calculations using that existing data thatyou feel are relevant. Your report should also include a discussion of the impact of the Production Manager’s intended investment in new manufacturing capacity. Support your report with relevant calculations.
The answer for this part will not be significantly affected by the accuracy or otherwise of your answer to Part A. The appropriateness (or otherwise) of this report will be based on the analysis you undertake using the data youproduce in Part A and the additional calculations you provide for this part.
PART C – The third part requires you to research a behavioural and communication issue related to budgetingand performance evaluation. You are required to refer to the outcomes of Parts A & B to illustrate your answer.An effective budget converts the goals and objectives of an organization into data. The budget serves as ablueprint for management’s plans. The budget is also the basis for control. Management performance can be
evaluated by comparing actual results with the budget.
Thus, creating the budget is essential for the successful operation of an organization.
Finding the resources to implement the budget – that is, moving from a starting point to the ultimate goal – requires the extensive use of human resources. How managers perceive their roles in the process of budgeting isimportant to the successful use of the budget as an effective tool for planning, communicating, and controlling.
Discuss the behavioural implications of planning and control when a company’s management employs:
An imposed budgetary approach
A participative budgetary approach
Illustrate your discussion with reference to your report for Part B, discussing how the Sales Manager and the Production Manager might respond to the various outcomes of Part B, if the budget had been imposed andcontrast that with how they might respond (if differently) had the budget been prepared using a participativebudgetary approach.