HI5017 Managerial Accounting Assignment Help Holmes

HI5017 MANAGERIAL ACCOUNTING T1, T2, T3 ASSIGNMENT HELP, HOLMES AUSTRALIA

In a very generalized sense, businesses own a lot of information and data in a very loose and unstructured format. To simplify, organize, and manage this data and to use the data to achieve the company’s objectives is very important as per HI5017 Managerial Accounting.

The study of simplification and organization of information in a systematic manner is known as HI5017 Managerial Accounting.

“Managerial Accounting is one of the modules which is taught under Master of Professional Accounting (MPA) by Holmes Institute, Australia under the code HI5017.”

Managerial Accounting is a master’s level module and carries three credit points. It is a typically practical unit and a compulsory (i.e. core) module. The duration of Managerial Accounting lasts for one trimester.

HI5017 Managerial Accounting is a module that has its assignments to be submitted electronically (online) and failure or late submission of the assignment would lead to penalties. The students can also be asked to do supplementary assignments who fail to secure 50% in the previous assignments for the module Managerial Accounting by Holmes Institute, Australia.

All the requirements that have been listed in the assignment of Managerial Accounting have to be met. A student who doesn’t submit supplementary assignments after being assigned will not secure a grade above 50% in this course named Managerial Accounting by Holmes Institute, Australia.

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Planning, organizing, and analyzing information systematically for decision-making is the aim of Managerial Accounting. Formulating such information is taught under this unit of Managerial Accounting.

Type of assessments in HI5017 Managerial Accounting

this is a post-graduate course that consists of a tri semester system. There will be assessments for every semester. Every trimester has 3 credit points.

• Assignment T1
• Assignment  T2
• Assignment T3

Students learning outcomes assessment done by this below assessment methods

• Tutorial solutions
• Individual assignment
• Group assignment 30% of the total assessments
• End of study period examination

What Makes HI5017 Managerial Accounting Important

HI5017 Managerial Accounting solves a variety of purposes like internal decision making, Managerial Accounting involves planning, controlling, and evaluating the data in a structured manner. Businesses can achieve its goal only when the decisions are taken in the right direction. In Managerial Accounting various techniques and concepts are covered which help in this decision-making.

These techniques include budgeting, costing, etc. which are necessary for the good performance of a business. HI5017 Managerial Accounting is a very essential unit by the Holmes Institute, Australia.

THE STRUCTURE OF THE HI5017 MANAGERIAL ACCOUNTING COURSE

Managerial Accounting is meant for helping students understand the importance of structuring, organizing, and planning important information for the achievement of short-term goals.

It has the following salient features:

• Managerial Accounting foundation and Costing terminology: learning the basics and terms used in the module
• Costing manners and costing types: Understanding and figuring out the important factors that drive cost and estimation of cost in Managerial Accounting.
• The value of job: Figuring out how much a job should cost through the usage of a proper systematic format.
• Service, overhead, operation costs: Calculating the amount of cost for factors that help the company to grow.
• Budgeting and Budgetary control: Fixing a budget based on previous transactions and costs incurred. This helps in planning how much should be spent in a particular time period.
• Standard costing and control: The estimation of how much the product is going to cost in the future.
• Conventional and contemporary costing: learning the difference between earlier methods of managerial accounting and modern improvements and methods.
• Decision making: How to base decisions based on data that has already been structured and formatted.

The intention of HI5017 Managerial Accounting as a unit is to help students wrap their heads around the management of business from a practical perspective. Students will understand the importance of measuring and analysis of financial information in the unit Managerial Accounting.

Managerial Accounting will also give an insight into the difference between financial and non-financial transactions. The same will be based upon the nature of the same.

Managerial Accounting gives a lot of practical experience in managing information. The things that will be learned in the HI5017 module Managerial Accounting is given below.

HI5017 MANAGERIAL ACCOUNTING OUTCOME OF LEARNING

On the successful completion of the unit, HI5017 Managerial Accounting students will learn the following.

• Understand and simplify Managerial information and figuring out the scope of this information for making decisions.
• planning, control, and decision-making in the main operations of a business as well as capital allotment of resources.
• Formulate a budget on the operating aspect of a business and to differentiate between its major types.
• Finding the relationship involved between the operations budget and the types of it.
• Making use of the information that has already been formulated to take major decisions for the business. This is done by analyzing the data that has been structured through Managerial Accounting.
• Show the usage of major aspects of cost behavior, cost budgeting, operational budgeting, etc. for the growth of the company through the Managerial Accounting process.

Therefore, these HI5017 Managerial Accounting outcomes of learning help a student gain practical experience in the management of a business. It makes a student equipped in the above-stated areas. Managerial Accounting is a trimester unit made for understanding the financial aspect of a business. Managerial Accounting also involves decision-making after analyzing each part of the information necessary.

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 SAMPLE QUESTIONS FOR HI5017 MANAGERIAL ACCOUNTING  

 QUESTION: Prepare an ABC report of a business with the following specification:

 Purpose of the ABC model

1. An explanation of how the ABC model aligns with the current goals and strategies of the company. This explanation should include:
2. i) An identification of the company’s mission and objectives; and
3. ii) An identification of the company’s corporate strategies
4. iii) An explanation of how the ABC model assists in achieving the company’s strategies.
5. c) Provide at least two (2) recommendations about the implementation of the ABC model for your company based on your research findings.
6. d) Apart from the ABC model, suggest one other management accounting tool suitable for your company and justify it.

Answer: ABC is the model that employs the method of assignment of costs involved in various sectors like indirect, overhead, etc.