How important does the Owner-Manager or the Manager believe cost information are to the Business’s success? Explain.

• All work must be submitted on Blackboard by the due date, along with a completed Assignment Cover Page. • The assignment must be in MS Word format, with no spacing, 12-pt Arial font and 2 cm margins on all four sides of your page with appropriate section headings and page numbers. • Reference sources must be cited in the report’s text and listed appropriately at the end in a reference list using Harvard referencing style. • It is the student’s responsibility to submit the work to ensure that the work is her/his work. Incorporating another’s work or ideas into one’s work without appropriate acknowledgement is an academic offence. Students should submit all assignments for plagiarism checking on Blackboard before final submission in the subject. For further details, please refer to the Unit Outline and Student Handbook. Adapted Harvard Referencing Holmes has now implemented a revised Harvard approach to referencing: 1. Reference sources in assignments are limited to sources which provide full text access to the source’s content for lecturers and markers. 2. The Reference list should be located on a separate page at the end of the essay and titled: References. 3. It should include the details of all the in-text citations, arranged alphabetically A-Z by author surname. In addition, it MUST include a hyperlink to the full text of the cited reference source. For example: P Hawking, B McCarthy, A Stein (2004), Second Wave ERP Education, Journal of Information Systems Education, Fall, HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T1 2021 Page 2 of 9 • http://jise.org/Volume15/n3/JISEv15n3p327.pdf 4. All assignments will require additional in-text reference details which will consist of the surname of the author/authors or name of the authoring body, year of publication, page number of contents, paragraph where the content can be found. For example, “The company decided to implement an enterprise wide data warehouse business intelligence strategies (Hawking et al, 2004, p3(4)).” Non – Adherence to Referencing Guidelines Where students do not follow the above guidelines: 1. Students who submit assignments which do not comply with the guidelines may be required to resubmit their assignments or incur penalties for inadequate referencing. 2. Late penalties will apply per day after a student or group has been notified of a resubmission requirement. Students whose citations are fake will be reported for academic misconduct. HI5017 MANAGERIAL ACCOUNTING INDIVIDUAL ASSIGNMENT T1 2021 Individual Assignment Specifications Assignment Task: You are required to collect primary data and conduct a literature search in this assignment. Part A (15 marks) Have a conversation with an Owner-Manager of a business in Australia or a Manager in an organisation such as a Bank, Retail Store, Restaurant, Hotel, Factory etc. Ask the Owner-Manager or the Manager the following questions: i) Does the business collect and use cost information for planning and control purposes? How often? ii) Who is responsible for the collection of cost information? Be as specific as possible. iii) What type of cost information does the business collect? Provide examples incl. types of reports.iv) How important does the Owner-Manager or the Manager believe cost information are to the Business’s success? Explain.: Write a summary of the results of the interview. The content of the interview summary must include: • date of the interview, • the name and title of the person interviewed, • name and location of the Business, • type of Business (service, merchandising/retail, manufacturing) and a brief description of the goods/services provided by the Business, (1.5 mark) and • responses to questions (i) (iv) above. Part B This question is related to Part A (12 marks) Choose one peer-reviewed journal article (from any country) on the: Use of Cost Information in a real-life organisation (i.e. a case-based empirical study). The article should be published between 1990 2020. Choose your article only after you have accessed and reviewed several relevant articles, and then choose the best article that will answer the questions below. Questions: 1. Based on your chosen journal article, briefly summarise the types of cost information and the use of cost information for planning and control purposes. 2. Based on your chosen journal article, did the Owner or Manager(s) in the study use similar cost information as discussed in Part A? Why or why not? Include examples in your answer from your journal article. 3. Based on your chosen journal article, how useful was the accounting information to the internal users (Owner or Manager(s)) in the organisation? Discuss with examples from your journal article. 4. Based on your literature findings and interview findings (from Part A), state two key lessons that would inform contemporary organisations about the practical use of cost information.