UKAM4033 MANAGEMENT ACCOUNTING III MAY 2021

UNIVERSITI TUNKU ABDUL RAHMAN

FACULTY OF ACCOUNTANCY AND MANAGEMENT
ACADEMIC YEAR 2021/2022
BACHELOR OF ACCOUNTING (HONOURS)
UKAM3043 MANAGEMENT ACCOUNTING III
GROUP ASSIGNMENT (20%)

OBJECTIVES
The objectives of the assignment are as follow:
• To test the students’ understanding on the emerging issues and practices of management
accounting;
• To familiarize students with the issues in management accounting.
• To build and instil the teamwork skills
• To apply student-centred learning approach
• To synthesize the students’ understanding on sustainable development;
• To enable students to enhance their interpersonal, written, analytical and critical thinking
skills by providing an avenue to seek and evaluate information for research report
writing;
• To develop and instil teamwork among the students in completing the assigned tasks.

REQUIREMENTS
1. Formation of groups
Students are required to form their own groups of 5 – 6 members. All members in
each group are expected to contribute in producing the group assignment.
** Group Assignment members to be updated in Microsoft Teams designated file
created in Group Assignment channel.
The selection of the group members MUST be from the same tutorial group that
the students attend. After the formation of groups, each group leader shall submit
the names of the group members before the end of week 2.
Any question related to group assignment should be directed to lead lecturer. All
assignments will be centralized marked by the lead lecturer. IT IS THE
STUDENT’S RESPONSIBILITY TO FIND A GROUP AND THIS
RESPONSIBILITY IS NOT TRANSFERABLE.
It is the responsibility of the group lead to submit this assignment on behalf of the
whole group, thus only ONE submission per group.
2. Format
The written assignment must be typed. Your assignment must not be more than 12
pages (excluding infographics, references, and appendix), with 1.5 spacing, font size of
12 and format in Times New Roman and justified alignment.
Infographic to be made based on the three (3) main points mention under the question
requirement in Appendix 1. Therefore, you will have maximum of three (3) pages of
infographic for the assignment. You are allowed to use any type of applications or
software available which can be download online for free. For example, PowerPoint,
Canva, Piktochart etc. Creation of infographic will be based on the group creativity.
Non familiarity with the word processing and infographic application is not an
acceptable excuse for not completing the assignment on time.

The assignment should include the following:

1. Cover sheet (Refer to Appendix I).
2. Marking scheme for group assignment. Refer to Appendix II.
3. Table of content
4. The report text
5. Infographic
6. Any references used, shall follow American Psychological Association (APA)
style of referencing.
All pages in the report should be numbered except for the cover page, marking scheme
and table of contents. A copy of the marking scheme (Appendix II) must be attached
immediately after the cover page of the assignment.

SUBMISSION DATE
Please submit your completed assignment (in pdf version) the latest by Monday, 19 July
2021, before 12.00 pm. You are encouraged to submit earlier and late submission will be
penalized through deduction of marks.
The assignment group representatives are required to submit the assignment in the designated
folder in WBLE.

Late Submission Penalty Clause

Deadline for submission of assessment item(s) is to be strictly adhered to. No extension of
time will be allowed except in extenuating circumstances, e.g. medical reasons. Students who
wish to apply for extension of time for submission of assessment item(s) after the due date
shall put in writing the request together with validated documentary evidence to support the
application to his/her class tutor. The lead lecturer may consider and grant such extension of
due date for the assessment.

2
Any assessment item required by the Coursework Assessment which is submitted after the
due date, without an approved extension, will be penalized. A penalty of 10% reduction of
the maximum mark applicable to the assessment item(s) will be levied for each day of late
submission. Weekends and Public Holidays are counted as one (1) day late. Assessment
item(s) submitted more than seven (7) days after the due date will be awarded with zero (0)
marks.

Plagiarism
Plagiarism is defined as the submission or presentation of work, in any form, which is not
one's own, without acknowledgment of the sources. If a student obtains information or ideas
from an outside source, that source must be acknowledged. Another rule to follow is that any
direct quotation must be placed in quotation marks and the source immediately cited.
Plagiarism is also defined as copy of all or part of the work of another student(s) of current or
previous batch of this University or another higher learning institution.
The University's degree and other academic awards are given in recognition of the candidate's
personal achievement. Plagiarism is therefore considered as an act of academic fraudulence
and as an offence against University discipline.

3
 Appendix I

MAY 2021
ASSIGNMENT TASKS:

Based on a research conducted by World Bank Group in 2018, Malaysian Small Medium
Enterprise (SME) companies manage to leverage the usage of information and
communication technologies, whereby 80% of business are utilising computers and
smartphones and more than 70% are using internet in managing their business operation.
However, only half of them are fully digitizing their business or even use cloud based
accounting that may significantly improve their business performance.

The current crisis of Covide-19 has put intense pressure towards business especially SMEs to
digitize their business model and products. Low numbers of digitalization adoption among
the business have contribute to lower productivity and efficiency within current operation. As
in the first week of movement control order (MCO) 1.0, 70% of SMEs disclose to have 50%
drop in their business performance. However, there are some of the SMEs manage to
progress well during the same period. For an instance, online grocery shopping increased by
144% meanwhile food delivery platform like GrabFood and Foodpanda show improvement
of order by 30%.

Judging from the current situation, there are rooms for SMEs to explore more on digital
transformation and integrating their business with cloud based accounting.

Required:
Create a comprehensive report on the digital transformation and integration with cloud-based
accounting by SMEs.
Your report needs to have the following point as your main discussion.

1. Describe the digital transformation by Malaysian SMEs in term of trends,

opportunities and challenges in order for them to strategically manage and sustain
their business.

2. Adoption of cloud-based accounting not only impact the overall business performance
but also to the accountant dealing with it. Elaborate on the possibility of having cloud-
based accounting integration, specifically on the implication, the benefits and
challenges that will be face by the accountant.

3. One of the tools of strategic management accounting is kaizen costing. How it can be
use to help SMEs to improve the efficiency and effectiveness of their organization
and minimize the probability of not achieving their expected profit when doing the
transformation and integration.

The above discussions should be supported by relevant academic articles and journals.
Students are required to be as creative as they can in writing the essay on the topic. There is
no limit (except the number of pages) as to what should be written.
 Appendix I

UNIVERSITI TUNKU ABDUL RAHMAN

FACULTY OF ACCOUNTANCY AND MANAGEMENT

BACHELOR OF ACCOUNTING (HONOURS)

ACADEMIC YEAR 2021/2022

YEAR 3 SEMESTER 1

UKAM 3043 MANAGEMENT ACCOUNTING III

Lecturer: ………………………..

Submitted by:

Tutorial group: …………………

Group Member:

Name ID No Contact No

1……………………….. ……………… ………………..

2……………………….. ……………… ………………..

3……………………….. ……………… ………………..

4……………………….. ……………… ………………..

5……………………….. ……………… ………………..

6……………………….. ……………… ……………….

Date of submission: ……………. / 50 marks

 Appendix II

UNIVERSITI TUNKU ABDUL RAHMAN

FACULTY OF ACCOUNTANCY AND MANAGEMENT
ACADEMIC YEAR 2021/2022
MAY 2021
UKAM3043 MANAGEMENT ACCOUNTING III
BACHELOR OF ACCOUNTING (HONOURS)
ASSIGNMENT MARKING SCHEME

No Guideline criteria Mark Mark

Allocate Awarded
d
1. Introduction 4

I. Describe the digital transformation by Malaysian SMEs

2. in term of trends, opportunities and challenges in order 10
for them to strategically manage and sustain their
business

II. Adoption of cloud-based accounting not only impact

the overall business performance but also to the
accountant dealing with it. Elaborate on the possibility 10
of having cloud based accounting integration,
specifically on the implication, the benefits and
challenges that will be face by the accountant?

III. One of the tools of strategic management accounting is

kaizen costing. How it can be use to help SMEs to 10
improve the efficiency and effectiveness of their
organization and minimize the probability of not
achieving their expected profit when doing the
transformation and integration
3. Infographic of written report in (2) 10
4. Originality, depth of research, readability 3

5. References and attachments 3

6. Deduction due to late submission or others

Total 50
 Appendix II

Comments:_________________________________________________________________
__________________________________________________________________________