BE113: Critically discuss why management accounting has become essential and relevant in the current business environment. Provide relevant examples as part of the illustration. Management Accounting 2 assignment
Module / Subject / School:
BE113 Management Accounting 2
University of Essex
Important notes and instructions
30% of the module mark
The business environment is changing rapidly, especially during the pandemic period, and companies are reinventing their business model to stay competitive in the industry. Critically discuss why management accounting has become essential and relevant in the current business environment. Provide relevant examples as part of the illustration.
[Total 100 marks]
Important notes and instructions
- The total word limit for this coursework is 1,500 words, excluding the title page, references and appendices.
- It must be typed using 12pt font and double-spaced.
- The coursework must be submitted via LMS canvas. Please refer to LMS canvas for the actual submission date.
- Before you submit the coursework, please ensure it is appropriately referenced with intext citations (author, year, page number, etc.) and according to Harvard referencing rules.
- The overall quality of your writing may affect your mark. Therefore, it would be best if you aimed to present your ideas in an organised manner and demonstrate coherence in your argument. A basic essay structure should include an introduction, a body, and a conclusion.
- This coursework invites you to reflect and provide your opinion/argument on the topic, which means there is no right or wrong answer. You are encouraged to carry out additional research by searching for relevant research articles, practitioner literature, published case studies, and news and media reports that can help you develop an opinion/argument on the topic.
What we score:
Our Writer’s Comment
This assignment tests students on their understanding of management accounting.
Based on the assignment requirements provided, here are some comments to help students score well on this assignment:
- Clarity and Focus (20 marks):
- Start your essay with a clear introduction that introduces the topic and sets the context for the discussion.
- Ensure that your essay stays focused on the question, which is to discuss why management accounting has become essential and relevant in the current business environment.
- Avoid going off-topic and maintain a coherent flow of ideas throughout the essay.
- Depth of Analysis (30 marks):
- Provide a thorough and critical analysis of the role of management accounting in the rapidly changing business environment, especially during the pandemic period.
- Use relevant theories, concepts, and examples to support your arguments.
- Consider the impact of management accounting on decision-making, cost control, performance measurement, and strategic planning in organizations.
- Relevant Examples and Illustration (20 marks):
- Support your arguments with relevant real-world examples of companies that have utilized management accounting to adapt to the changing business environment.
- Use case studies, news articles, or industry reports to illustrate how management accounting practices have helped companies stay competitive and make informed decisions.
- Research and Referencing (10 marks):
- Conduct additional research to find relevant sources such as research articles, practitioner literature, and published case studies to support your arguments.
- Ensure that all sources are appropriately referenced using the Harvard referencing style with in-text citations and a reference list at the end of the essay.
- Coherence and Structure (10 marks):
- Organize your essay with a clear structure, including an introduction, body paragraphs, and a conclusion.
- Use topic sentences and clear transitions to maintain coherence between paragraphs.
- Ensure that each paragraph focuses on a specific point related to the topic.
- Critical Thinking and Evaluation (10 marks):
- Demonstrate critical thinking by evaluating the strengths and weaknesses of management accounting in addressing challenges in the current business environment.
- Discuss any potential limitations or criticisms of management accounting practices and offer alternative perspectives if applicable.
- Grammar and Writing Style (5 marks):
- Proofread your essay for grammar, spelling, and punctuation errors.
- Use clear and concise language to convey your ideas effectively.
- Word Limit and Compliance (5 marks):
- Ensure that your essay does not exceed the specified word limit of 1,500 words, excluding title page, references, and appendices.
- Adhere to the formatting and submission guidelines provided in the instructions.
By adhering to these points and presenting a well-researched, coherent, and critical analysis of the role of management accounting in the current business environment, you can achieve a high score in this assignment. Remember to provide a balanced view with supporting evidence and examples to strengthen your arguments.
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