Accounting techniques related to inventory and comment

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Reference no: EM132309797

Outcomes Assessed:

1. Apply accounting techniques related to inventory, labour, and overheads.

2. Use different costing techniques such as marginal, absorption, job and batch costing

Company Selected - Arabian Industries manufacturing

ASSIGNMENT TASK

You are required to select a manufacturing business based in Oman, collect the below mentioned information, analysethem wherever requiredand submit a report.

1. General description of the chosen company (History, nature of the business and why you have chosen this firm/company for your study etc)

2. Identify the manufacturing and non-manufacturing overheads of the company.

3. a.Inquire the method of overheads allocation used by the chosen company and
b. Summarise reasons for selection of the method.
c. Critically evaluate the method based on its merits and demerits.

4.
a. Comment on the techniques used in the company related to: Inventory Accounting

b. Labour Accounting
5. a. Identify type of costing techniques used at this company and
b. Critically evaluate the effectiveness/ suitability of this technique.

FURTHER GUIDELINES for completing this assignment:

1. Students are expected to write a general description of the company (in detail) which should include, but not limited to :
a) History of the Company
b) Nature of business it is in
c) Why chose this Business

2. Students are expected to visit the company and collect information about the below and make a report:
a) Manufacturing overheads of the company and
b) Non-manufacturing overheads of the company and
c) Explain them in details; Why you believe they are Manufacturing & Non-manufacturing overheads, for the selected company

Students are expected to write why do they believe those are Manufacturing & Non-manufacturing overheads, for the selected company.

3. Students are also expected to know the
a) Method of overhead allocation used by the company and
b) Reasons why the company has selected that specific method.
c) Finally critically evaluate the method using with a detailed account of its merits and demerits.

4. Find out the below used in the chosen company
a) Accounting techniques related to inventory and Comment/explain
b) Accounting techniques related to labour and Comment/explain

5. You visit the company and the factory manager to
a) Identify type of costing techniques used at this company and
b) Then critically evaluate the effectiveness/ suitability of this technique by yourself.
c) Give your reasons for that

6. Students should note that Clear Writing, Referencing and formatting.

Reference no: EM132309797

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Reviews

len2309797

5/21/2019 11:45:24 PM

2. Assignment should be completed individually and not in groups. 3. This assessment would be weighted to 20% towards the final marks. 4. The report should have a table of contents, answers to the questions and appropriate references. 5. Use Harvard style of referencing to do this assignment. 6. The report must have a cover page indicating the module title, name of student, name of faculty and date of submission. 7. The report should be done in Word, font size 12, font style Times New Roman, text color black, colors can be used ONLY in appendices, if required.

len2309797

5/21/2019 11:44:57 PM

Assessment Grading Criteria 90-100% Outstanding Exceptionally detailed and original response to the assignment, with critical use of independently sourced contextual material. Outstanding demonstration of linked understanding of relevant theory, concepts and models. Extremely well structured with high level of analysis. No obvious errors in referencing or grammar or syntax as appropriate. 80-89% Excellent Very full, independent response to the assignment with totally relevant material which is well beyond any module input, demonstrating independent study. Excellent understanding of relevant theory, concepts and models. Very clear logical structure. Very few errors in referencing or grammar or syntax as appropriate.

len2309797

5/21/2019 11:44:47 PM

6. Students should note that Clear Writing, Referencing and formatting will be awarded another 10 Marks for this assignment. 7. Total number of words should not exceed 1800.

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