ASSIGNMENT: The submission is in the form of an individual numerical/written report. This should be written in a concise, formal business style using single spacing and font size 12. You are required to make use of headings, paragraphs and subsections as appropriate, and all work must be supported with research and referenced using the Harvard referencing system. Provide working notes wherever required. The document must be submitted to turnitin in word document. Please provide a bibliography using Harvard referencing system if you referred any sources for theoretical parts or questions. The numbers/numerical statements and calculations must be neatly/clearly shown so that the assessor assess the work of the learner appropriately.LO3 Explain the use of planning tools used in management accounting LO4: Compare ways in which organisations could use management accounting to respond to financial problems (All the information in the word file)
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The submission is in the form of an individual numerical/written report. This should be written in a concise, formal
business style using single spacing and font size 12. You are required to make use of headings, paragraphs and
subsections as appropriate, and all work must be supported with research and referenced using the Harvard
referencing system. Provide working notes wherever required. The document must be submitted to turnitin in word
document. Please provide a bibliography using Harvard referencing system if you referred any sources for theoretical
parts or questions. The numbers/numerical statements and calculations must be neatly/clearly shown so that the
assessor assess the work of the learner appropriately.
Unit Learning Outcomes:
LO3 Explain the use of planning tools used in management accounting
LO4: Compare ways in which organisations could use management accounting to respond to financial
Learning Outcomes and Assessment Criteria
LO3 Explain the use of planning tools used in management accounting
P4 Explain the advantages and
disadvantages of different types of
planning tools used for budgetary
LO4: Compare ways in which organisations could use management
accounting to respond to financial problems
Compare how organisations are
adapting management accounting
systems to respond to financial
Assignment Brief and Guidance:
Blue Berry Company is a medium sized sports equipment manufacturing company. The following are the most
recent financial statements of the company.
Statements of profit or loss for the year ended 31st December
OMR IN â??000â??
Cost of sales
Profit before taxation
Profit after taxation
Statements of financial position as at 31st December
Equity and Liabilities
Ordinary share capital (OMR 1 per share)
10% Loan notes
Loans and other borrowing
Total Equity and liabilities
Other relevant information:
A. Benchmarks â?? Average data for companies similar to Blue Berry Company
Ratio for financial year ended December
2017 profit ratio
Net profit ratio
Return On Capital Employed (ROCE)
B. The following budgeted information is available of Blueberry company budget manual, no change in
actual units & budgeted units produced and sold:
OMR in â??000â??
Cost of sales
C. Blueberry company is making a plan for the six months ended 31st Dec 2018 for two types of sports
equipment â??A1â?? and â??A2â?? and are considering following planning tools â??(Budgets ,pricing and costing
,strategic planning ).
Budgets and pricing for two types of sports equipment â??A1â?? and â??A2â?? which uses the same raw
materials, Raw material â??ABC and Raw material â?? XYZ for the six months ended 31st Dec
2018 are given below:
One unit of â??A1â?? uses 5 pieces of Raw material -ABC and 12 pieces of Raw material â??XYZ.
One unit of â??A2â?? uses 6 pieces of Raw material -ABC and 6 pieces of Raw material â??XYZ.
Estimated cost of Raw material -ABC OMR 3 per piece and of Raw material -XYZ OMR 9 per piece.
The sales budget for 2018 comprises 50,000 units of sports equipment â??A1â?? and 30,000 units of â??A2â??;
Finished goods in stock at 1 July 2018 will be 10,000 units of â??A1â?? and 4,000 units of â??A2â?? and the
company plans to hold inventories of 3,000 of each product at 31 December 2018.
Inventories of raw material are 4,000 pieces of Raw material -ABC and 2,000 pieces of XYZ at 1st
July 2018 and the company plans to hold 5,000 pieces of Raw material -ABC and 4,000 pieces of XYZ
respectively at 31 December 2018.
The warehouse and stores managers have suggested that a provision should be made for damages and
deterioration of items held in store, as follows:
1. Finished Good: product A1- loss of 400 units, product A2- loss of 200 units.
2. Raw Material: Raw material -ABC- loss of 600 pieces and XYZ: loss of 100 Pieces.
Blue Berry Company- management accounting department staff can use PESTEL analysis, SWOT
analysis, Balance Scorecard and Porterâ??s Five forces Analysis in making strategic plan for the year
As a member of Management accounting team of Blue Berry Company you are required to evaluate
how planning tools for accounting respond appropriately to solving financial problems to lead
organisations to sustainable success. For this following points are required :
1. The advantages and disadvantages of different types of planning tools used for budgetary control at
Blue Berry Company.
2. To analyze the use of different planning tools and their application for preparing and forecasting
material purchase budget for Blue Berry Company.
( For analysis and evaluation you are required to use financial information (C) given in other relevant
information of scenario 1 )
3. To compare ways in which organizations could use management accounting to respond to financial
4. Analyse how, in responding to financial problems, management accounting can lead organisations
to sustainable success.
For (3 & 4) You are required to use financial information given in scenario 1 with other relevant
information A & B).
(When comparing ways in which organizations could use management accounting to respond to
financial problems you should consider benchmarks, key performance indicators and budgetary
targets to identify variances and problems, financial governance to monitor strategy, management
accounting skill sets and effective strategies and systems.)
(For details refer to Grades given in page 2 of the assignment)
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