Posted: September 15th, 2022

FNSACC507 Provide management accounting information Assessment

Assessment Details
Qualification Code/Title
Assessment Type Assessment -02 -Project Time allowed
Due Date Location AHIC Term / Year
Unit of Competency
National Code/Title FNSACC507 Provide management accounting information
Student Details
Student Name Student ID
Student Declaration: I declare that the work submitted is my own, and has not been copied or plagiarised from any person or source. Signature: ____________________________
Date: _____/______/__________
Assessor Details
Assessor’s Name
RESULTS (Please Circle) SATISFACTORY NOT SATISFACTORY
Feedback to student:
………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
Student Declaration: I declare that I have been assessed in this unit, and I have been advised of my result. I am also aware of my appeal rights.
Signature: _______________________________
Date: ______/_______/___________
Assessor Declaration: I declare that I have conducted a fair, valid, reliable and flexible assessment with this student, and I have provided appropriate feedback.
Signature: ________________________________________
Date: ______/_______/___________

Instructions to the Candidates
? This assessment is to be completed according to the instructions given below in this document.
? Should you not answer the tasks correctly, you will be given feedback on the results and gaps in knowledge. You will be entitled to one (1) resubmit in showing your competence with this unit.
? If you are not sure about any aspect of this assessment, please ask for clarification from your assessor.
? Please refer to the College re-submission and re-sit policy for more information.
? If you have questions and other concerns that may affect your performance in the Assessment, please inform the assessor immediately.
? To be deemed competent for this unit you must achieve a satisfactory result with tasks of this project along with a satisfactory result for the other assessment (Written Assessment)
? This is an Open book assessment which you will do in your own time but complete in the time designated by your assessor. Remember, that it must be your own work and if you use other sources then you must reference these appropriately.
? This is Individual Assessments. Once you have completed the assessment, please provide the Hard copy of the Assessments to your Trainer/ Assessor.
? Plagiarism is copying someone else’s work and submitting it as your own. Any Plagiarism will result in a mark of Zero.

Project 1
Task 1
Investigate and report (5 pages) on an organisation’s method of allocating electricity costs. You can use any organisation with which you are familiar.
Consider the following:
1. Does the organisation allocate the total cost of electricity?
2. If so, what is the basis for the allocation of the total cost of electricity incurred for a period?
3. Calculate the percentage and cost of the total cost for each allocation.
Complete a report that you could provide to management about your findings and include within it an executive summary. Make recommendations to management about the appropriateness of the methods of allocating costs and provide reasons for your conclusions within the report.
Task 2
Report (5 pages) on the different types of budgets that provide management accounting information that might be used by organisations.
Prepare a list under the headings:
Title of report/ budget.
1. Department/ area to which the budget is applicable.
2. Primary function of the budget.
3. Supported by data from which departments/ area.
4. Users including those outside of management.
Identify and collect 10 samples of reports and budgets. Make a list of these reports/ budgets, their primary function and the person or department for whom they are prepared.

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