Students are expected to form a group comprising between 4

Question

Tasks:

• Students are expected to form a group comprising between 4 to 5 students.
• The group has to identify a business entity which has the attributes of SME.
• Preliminary research pertaining to background of the company has to be undertaken by the group.
• The group should also identify an area of management accountingpracticeto be researched on, which include but it is not limited to:
  • Product costing (Job Order Costing and Process Costing)
  • Overhead costing (ABC)
  • Budgeting and budgetary controls (including flexible budgeting and standard costing)
• Once the group has selected the management practice, it shall learn in detail the entity's practice and later provide appropriate recommendations to improve the selected management accounting practice of the entity.
• Recommendations must also consider the concept of holistic(falah - comprehensive success) in undertaking business activities.
• Finally the group is expected to report in the form of video presentation and written report as scheduled in the course outline.The report should include a simulation of the selected management accounting practice in the entity if it were to be implemented in the entity.