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CENTRE FOR POST GRADUATE STUDIES

Limkokwing University of Creative Technology

Department : Course Name : Commence Date: Submission Date: Lead Lecturer: E-mail :

Centre for Post Graduate Studies MBA 10st April 2013 3rd May 2013 Theang Kok Foo kftheang@yahoo.com

Group Assignment @40%

Learning Outcome (LO) Mapping

Task
LO1 Analyse and interpret financial and managerial report for decision making. #1, #2, #3, #4

Blooms Taxonomy

LO2

Understand the basic concepts used in the preparation of financial statements. Critically assess the information relayed by financial reporting. Use financial information for financial and corporate strategy purposes.

#1, #2, #3

Cognitive domain: Evaluation [High Order of Thinking Skills] Affective domain: Characterisation

LO3

#2, #3, #4

LO4

#1, #2, #3, #4

MBF 1213 Managerial Accounting MBA Major Module April / May 2013 Assignment 2

CENTRE FOR POST GRADUATE STUDIES


Limkokwing University of Creative Technology YOUR TASK: CASE STUDY: Using flexible budget in Financial Planning, Controlling and Decision Making 1. Prepare a flexible budget for a proposed company. 2. Prepare a financial analysis report based on the flexible budget prepared. 3. Prepare an oral presentation for the flexible budget and its related analysis INSTRUCTION TO PAIR ASSIGNMENT This assignment, which carries 40 % of the total marks for the module, is compulsory for candidates attending the LUCT MBA programme. The general assessment criteria are Substance, Originality of work, Presentation, Use of illustrations / examples, where appropriate and will be assessed based on the illustrated grading scheme. Independent research on the relevant topics is necessary and students are to support their opinion(s) with references. Special consideration would be given to students who demonstrate an indepth analysis of the task. Candidates who simply regurgitate their answers from sources may risk getting a poor mark and may risk failing the paper if outright plagiarism is detected. Any similarities between individual assignments will result in a fail grade. The presentation format should be following the latest version of LUCTs ASSIGNMENT AND PROJECT PAPER GUIDEBOOK Writing and presenting the academic assignment and project paper for Masters Degree Students. Students are advised to retain a photocopy of your course assignment.

OBJECTIVE The objective of this assignment is to appraise students capabilities of understanding the preparation and usage of cash budget in financial planning controlling and decision making.

MBF 1213 Managerial Accounting MBA Major Module April / May 2013 Assignment 2

CENTRE FOR POST GRADUATE STUDIES


Limkokwing University of Creative Technology

EXPECTED OUTCOME The students group assignment paper The students presentation

GROUP ASSIGNMENT PAPER SUBMISSION INFORMATION (20% OF FINAL GRADE) Students are supposed to meet the submission deadline. Late submissions will be subject to certain mark deduction. You must submit the work in accordance to the assignment paper guidebook. Any required time extension would be considered case by case. All assignments must be typed and printed out. Hand written assignments are not acceptable. Students are required to place the grading scheme immediately after the report cover sheet. The group project paper will carry 20% of final grade.

PRESENTATION INFORMATION (20% OF FINAL GRADE) Oral presentation of the project paper will be held during the lecture on Friday, 21st September 2012. The presentation will carry 20% of final grade. Students will be assessed individually on his / her presentation.

SPECIFIC INFORMATION Utilising updated extra information is welcome. All references must follow the Harvard referencing system.

RULES AND REGULATIONS This is a group assignment of 4 or 5 members in a group. To ensure participation from every member, oral presentation will be assessed on an individual basis. This project must be between 10 to 20 pages (excluding appendices). On the front cover of the assignment, you are required to list the names of the group members in alphabetical orders, write your index numbers. Kindly take note of the assessment criteria and attach it to your report. Do NOT let others see your analysis

MBF 1213 Managerial Accounting MBA Major Module April / May 2013 Assignment 2

CENTRE FOR POST GRADUATE STUDIES


Limkokwing University of Creative Technology

Do NOT e-mail your assignment to anyone. If someone cheats by using your work, you will be penalised. Copying from other resources is plagiarism and the student would get zero for that subject.

MARKING CRITERIA Giving proper answers to the questions and profoundly discussing relevant issues. Asking appropriate and precise questions in the interview that address major issues of the required areas of analysis. Proper English academic writing and the overall presentation of the assignment. Referencing and utilising suitable resources. The marking scheme and Examiners Comment sheets to be attached with your report submission behind the cover page.

MBF 1213 Managerial Accounting MBA Major Module April / May 2013 Assignment 2

CENTRE FOR POST GRADUATE STUDIES


Limkokwing University of Creative Technology MBF 1213 Managerial Accounting Grading Scheme (To be attached and placed behind assignment cover paper)
DISCUSSION AREA GUIDELINES / MARKING CRITERIA WEIGHT AGE (%) 25 F <40
Inadequate understanding & interpretation of task or misconception of the assignment task

D 40-54
Marginally demonstrate understanding of question or very basic understanding of the task

C 55-69
Sufficient/ Satisfactory understanding & interpretation of task

B 70-79
Good understanding & interpretation of the task. Task completed successfully without major error

A 80-100
Very good understanding & interpretation of the task. Task completed successfully without major error

Award

Task No. 1a

Demonstrate the ability to estimate various costs items for a business and subsequent uses of cost information in the preparation of business budget.

Task No. 2

Demonstrate the understanding and interrelation between budgeting techniques and subsequent uses of budget in financial decision.

25

Inadequate understanding & interpretation of task or misconception of the assignment task Inadequate understanding & interpretation of task or misconception of the assignment task Inadequate understanding & interpretation of task or misconception of the assignment task

Marginally demonstrate understanding of question or very basic understanding of the task Marginally demonstrate understanding of question or very basic understanding of the task Marginally demonstrate understanding of question or very basic understanding of the task sources

Sufficient/ Satisfactory understanding & interpretation of task

Good understanding & interpretation of the task. Task completed successfully without major error Good understanding & interpretation of the task. Task completed successfully without major error Good understanding & interpretation of the task. Task completed successfully without major error

Very good understanding & interpretation of the task. Task completed successfully without major error Very good understanding & interpretation of the task. Task completed successfully without major error Very good understanding & interpretation of the task. Task completed successfully without major error

Task No. 3

Demonstrate the understanding of CVP calculation and the application of CVP analysis in business operation.

25

Sufficient/ Satisfactory understanding & interpretation of task

Task No. 4

Demonstrate an overall understanding of the role of budget in corporate financial planning, controlling and decision making.

25

Sufficient/ Satisfactory understanding & interpretation of task

Total

100

MBF 1213 Managerial Accounting MBA Major Module April / May 2013 Assignment 2

GROUP PROJECT Preparation and Using of Budget in Financial Planning, Controlling and Decision Making Ideas Development Malaysia (IDM)
Learning objectives By the end of this case study you should be able to: Demonstrate the interrelationship between cost estimation techniques and subsequent uses of cost information in the preparation of budget; Demonstrate the understanding and interrelation between budgeting techniques and subsequent uses of budget in financial decision; Demonstrate the understanding of budget in financial decision making process. Background Name of company: Idea Development Malaysia (IDM) Location: Synopsis You have recently joined Idea Development Malaysia (IDM) as the finance manager. The company is very well known in retail business and it was among the first in Malaysia to operate and manage different chains businesses in various shopping malls in Malaysia. The company is currently having RM2 million in surplus cash and it is planning to open a retail outlet in the newly completed shopping mall by the name of Centre Mall which is located in the town centre of Kuala Lumpur. Your management team has provided you with the basic information summarized here: Scope: To open a new retail outlet at Centre Mall, Bukit Bintang, Kuala Lumpur Size: The retail outlet has a total of 200 retail lots and each lot is approximately 500 square feet. The management of the shopping mall has specified that you may choose to pay a fix rental of RM50 per square feet or a flexible rate of 30% on sales revenue. The company has not decided on how many lot they want to rent but you are allowed to rent more than one lot if it is in line with your business strategy and within the budget. Kuala Lumpur, Malaysia

Required: 1. Prepare a financial estimation for the proposed business. Your estimation shall include, but not limited to the following: a. Business operation plan. b. Estimated initial setup costs. c. Estimated monthly fixed overhead d. Estimated monthly variable overhead 2. Prepare a quarterly budget for the proposed business for the first year of operation. Comment on the cash flow of the company. 3. Prepare an analysis for the proposed business. The analysis shall include: a. Cost-Volume-Profit analysis for the proposed business. b. Cost-Volume-Profit analysis for the proposed business with a targeted annual profit of RM500,000. Comment on whether this target is achievable. 4. Prepare a recommendation to the management of the company based on your analysis above. Include an exit plan if the business does not work out to be as good as estimated. 5. Prepare an oral presentation based on item 1, 2, 3 and 4 above.