AS1 ACC2003 2425 Assignment Help Notes
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banhmi1986AS1 ACC2003 2425 Assignment Help Notes
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banhmi1986FireDance Ltd Budgeting Assignment
ACC2003
Question 1 (30%)
• You are required as the Firm’s Management
Accountant to prepare a production budget
that you can present to your team and to your
potential investors.
Question 1 How to improve your grade
1. Demonstrates an excellent degree of understanding of
budgeting.
2. Evidence of some research to provide accurate figures. I am
not expecting you to be an expert but the numbers should be
reasonable.
3. Information is presented clearly and accurately. Make sure
that the you have completed the back pages of the budget
and that the ‘Top sheet’ is auto calculated.
4. Very few errors
5. Notes are communicated clearly, write a brief not for each
cost code populated.
6. You DO NOT have to populate every cost code.
Question 2 (30%)
• Discuss the principles of Activity Based
Budgeting (ABB) and Zero-Based Budgeting
(ZBB), illustrate your answer with academic
references.
• Explain how ABB and ZBB are relevant to the
film industry and the advantages and
disadvantages that each would have to
FireDance Ltd.
Question 2 Possible answer structure
1. Discuss the principles of ABB, illustrate your answer with
academic references.
2. Explain how ABB is relevant to the film industry.
3. Explain the advantages and disadvantages to FireDance Ltd.
4. Discuss the principles of ZBB, illustrate your answer with
academic references.
5. Explain how ZBB is relevant to the film industry.
6. Explain the advantages and disadvantages to FireDance Ltd.
Question 2 How to improve your grade
1. Discuss the principles of ABB, illustrate your answer with academic references.
a) Demonstrate an excellent degree of understanding of ABB . You need to allocate quite a few
words to this. If you have used one or two sentences then this will not be enough to score well.
b) References are excellent quality. You need to have read at least 2 relevant academic papers. Use
Nelson or Google scholar.
2. Explain how ABB is relevant to the film industry.
a) Explanation is relevant to the industry with clear evidence of further research and of
understanding of the industry. You need to think about the film industry and explain how ABB is
a good tool to use – or not
b) A wide range of sources of information are used to support arguments. You can reference
Suzanne Pim. You can also reference other accountants who work in the industry (see YouTube
videos)
3. Explain the advantages and disadvantages to FireDance Ltd.
a) You can give examples from your own scenario.
4. Discuss the principles of ZBB, illustrate your answer with academic references.
5. Explain how ZBB is relevant to the film industry.
6. Explain the advantages and disadvantages to FireDance Ltd.
For ZBB use the same process.
Question 3 (30%)
• Evaluate the behavioural factors related to
budgeting.
• Focus on the conflicts may occur when using a
budget for both planning and control, illustrate
your answer with academic references.
• Suggest any likely problem areas for FireDance Ltd
and suggest ways to minimise the problems.
Question 3 Possible answer structure
1. Evaluate the behavioural factors related to budgeting.
2. Focus on the conflicts which may occur when using a budget for both
planning and control, illustrate your answer with academic references.
3. Explain any likely problem areas for FireDance Ltd and suggest ways to
minimise the problems.
Question 3 How to improve your grade
1. Evaluate the behavioural factors related to budgeting.
a) Show significant evidence of research on behavioural factors.
b) Include at least 2 high quality references.
c) Make sure that you focus on budgeting when discussing behavioural factors.
2. Focus on the conflicts which may occur when using a budget for both
planning and control, illustrate your answer with academic
references.
a) An excellent range of sources of information should be used to support youe
arguments.
3. Explain any likely problem areas for FireDance Ltd and suggest ways
to minimise the problems.
a) Watch the BBC session (week 5), think about creative people and what
motivates them.
b) Will employees be theory X or Y? Or relate to other theories
c) Consider communication as a solution (see BBC session)
Academic and professional (10%)
• Show evidence of knowledge of the media and
film industry.
• Use a wide range of sources to support your
arguments.
• Correct referencing.
• Include a professional contents page and page
numbers in your report. See assignment help for
how to do this
Submission Date
See NILE site for details
Turnitin
Any questions?
