Management Accounting for Performance Enhancement
Management Accounting for Performance Enhancement
The overall assessment strategy for this module includes two tasks.
|Task 1||– Phase Test||30%|
|Task 2||– Individual Assignment||70%|
Task 1 – Phase Test (1 hour)
The test assesses your knowledge and skills on processing and applying cost information in problem solving and enhancing performance of businesses. The test will take place on 20th April 2020. Two practice questions based on past papers are provided in this Module Guide and will be used for revision purposes.
A summary of the overall performance of the students will be provided through the Blackboard.
Task 1 Brief
|Assessment title:||Phase Test|
|It is a closed-book test and NO materials are allowed to be brought|
|Format:||into the examination hall. You have to bring in your own calculators|
|to use in the examination|
|Length of phase test:||1 hour|
Task 2 – Individual Assignment
The assignment is designed to assess students’ achievement of the learning outcomes covered by the Module and provide both formative (constructive comments support their knowledge development) and summative (contributes to the overall assessment) feedback.
The assignment must be submitted to Individual Assignment Submission Portal on the “Assessments” folder of the Blackboard site by 3 pm on the due date (12th May 2020).
Late submissions up to 24 hours after the deadline will be capped at 50%. Submissions more than 24 hours after the deadline will be regarded as a failure to submit and will be awarded 0%.
Extensions can only be given by your Students Support Officers, not the module tutors, and then only for valid reasons. Last minute requests for an extension due to poor time management will normally be declined.
Detailed criteria for evaluating and marking your assignment are provided with the assignment.
Task 2 Brief
|Strategic Management Accounting and Marks and Spencer (M&S)|
|Submission date||12.05.2020 before 3.00 p.m.|
|Format:||Written assignment to be submitted online. Students have to upload|
|a word document either in doc or pdf format.|
|2800 +/- 10%|
|Markers will stop reading after the + 10% point and the grade will be|
|Word count:||based on what the marker has read up to this point. Tables and|
|Appendices should be used to provide data and information as|
|reference points. They should not be used to present new|
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Title: Strategic Management Accounting and Marks and Spencer (M&S)
You are required to:
- Using ONE theoretical model of your choice, analyse the current business strategy of Marks and Spencer. (10 marks)
- Analyse how the key factors embedded in Marks and Spencer’s business environment might have influenced and driven the company to adopt the business strategy that you have analysed in (A). (20 marks)
- Marks and Spencer states that “Plan A is our way to help build a sustainable future by being a business that enables our customers to have a positive impact on wellbeing, communities and the planet through all that we do“. (https://corporate.marksandspencer.com/sustainability)
Using relevant theoretical frameworks, critically evaluate Marks and Spencer’s business operations and corporate social activities. In your view, do you consider Marks and Spencer has delivered its corporate responsibility commitments towards the society? (30 marks)
- Critically evaluate how the balanced scorecard concept and system can help Marks and Spencer to drive and measure performance and deliver its corporate responsibility commitments. (30 marks)
- The standard of academic writing, presentation and referencing. A bibliography must be submitted as part of your assignment. (10 marks)
Suggested guidelines for completing the assignment
There is no one best way to prepare this assignment. The mark awarded to your coursework will depend on the literature and examples you use to elaborate and support your evaluation, analysis and discussion and how well you structure and write up your evaluation /analysis/ discussion.
The mark allocation aims to help you allocate effort/words between various sections. Nevertheless, please do not use the weighting rigidly when it comes to developing your argument. The four sections are interlinked and thus your discussion/analysis/evaluation for various sections should be fully integrated. The degree of cohesion will affect the result of your coursework.
Please read the detailed breakdown of assessment criteria and suggestions for successful completion of the assignment.
SMAPE Individual Assignment – Marks and Spencer: Assessment criteria
- Using a theoretical model of your choice, analyse Marks and Spencer’s current business strategy. (10% weighting)
- Choose and apply ONE suitable theoretical model, such as the Strategy Clock, Porter’s Generic Strategy Model, Ansoff or Lynch’s models, to analyse Marks and Spencer’s current business strategy.
- Use appropriate examples to support and elaborate your analysis.
- We look at the quality of your analysis. You should NOT just describe what Marks and Spencer has been doing or simply copy Marks and Spencer’s strategy from the Internet or annual reports. You need to USE the materials to support your analysis.
- Analyse how the key factors embedded in Marks and Spencer’s business environment might have influenced and driven the company to adopt the business strategy that you have analysed in (A). (20% weighting)
- Apply appropriate theoretical framework(s) to analyse Marks and Spencer’s business environment (including broad, industry and/or internal environment).
- Using the findings from your environmental analysis, analyse how the KEY environmental factors MIGHT HAVE driven Marks and Spencer to adopt their current business strategy. You may put the whole environmental analysis in the appendices but use the most important bits to support your discussion. In Part (B), your analysis must focus on the most influential factors facing Marks and Spencer, not every factor in the business environment.
- Use appropriate practical examples to elaborate and support your analysis.
- Your analysis of Marks and Spencer’s strategy and business environment must be fully integrated if you aim at a high mark. Basic description of generic environmental factors will not add value to your analysis.
(C) Using relevant theoretical frameworks, critically evaluate Marks and Spencer’s business operations and corporate social activities. In your view, do you consider Marks and Spencer has delivered on their corporate responsibility commitments? (30% weighting)
You must evaluate Marks and Spencer’s operations and corporate social activities by using relevant theoretical frameworks, such as:
- Milton Friedman – the Profit Maximisation view;
- Charles Handy – the Stakeholder view;
- Davies and Pitt-Watson – The New Capitalists view
You can refer to the Module Guide, Seminar 3 materials.
You should not just list what Marks and Spencer has done.
Based upon the outcomes of your evaluation, you should give your own view on whether or not you see Marks and Spencer has delivered on their corporate responsibility commitments.
- Critically evaluate how the balanced scorecard concept and system can help Marks and Spencer to drive and measure performance and deliver on their corporate responsibility commitments. (30% weighting)
- Apply the balanced scorecard concept to Marks and Spencer and evaluate how the BSC approach/system can direct effort and resources and drive performance.
- You need to relate your evaluation to Marks and Spencer’s business strategy (the one you have analysed in Section A) and their corporate responsibility activities and commitments (those you have evaluated in Section C).
- Give examples of goals/objectives and the related measures to each of the four perspective of Marks and Spencer’s BSC to support your evaluation. You can draw up a sample BSC for Marks and Spencer. It is insufficient just submitting a sample BSC; you must to discuss the details.
- Since it is an evaluation, you should not forget to discuss any KEY barriers that may hinder the successful implementation of the BSC system at Marks and Spencer.
- The standard of academic writing, presentation and referencing. (10% weighting)
- Clearly structure, develop and present your argument leading to appropriate conclusions.
- Correct referencing and a bibliography is provided.
- Good standard of academic writing. You must edit your work.
- SHU provides Study Skills Drop-in sessions at the Bridge at the Library to help students improve their standard of academic writing. You should make use of the support. Good knowledge must be properly communicated to the readers through a high standard of academic writing.
SMAPE Individual Coursework – Marks and Spencer – Feedback Rubric
|Criteria||Weighting||0-39%||40-49%||50-59%||60-69%||70-79%||80% or above|
|Using ONE theoretical||10%||No evaluation of the||Poor evaluation of the||Some basic evaluation||A good evaluation of||A very good evaluation||An Excellent and|
|model of your choice,||strategy of Marks and||strategy of Marks and||of the strategy of||the strategy of Marks||of the strategy of||insightful evaluation of|
|analyse the current||Spencer using an||Spencer using an||Marks and Spencer||and Spencer using an||Marks and Spencer||the strategy of Marks|
|business strategy of||appropriate theoretical||appropriate theoretical||using an appropriate||appropriate theoretical||using an appropriate||and Spencer using an|
|Marks and Spencer||model.||model.||theoretical model.||model.||theoretical model.||appropriate theoretical|
|Analyse how the key||20%||No analysis of the Marks||Poor analysis of the||Some basic analysis of||A good analysis of the||A very good analysis of||An excellent analysis of|
|factors embedded in||and Spencer’s internal||Marks and Spencer’s||the Marks and||Marks and Spencer’s||the Marks and||the Marks and|
|Marks and Spencer’s||and external||internal and external||Spencer’s internal and||internal and external||Spencer’s internal and||Spencer’s internal and|
|business environment||environment using||environment using||external environment||environment using||external environment||external environment|
|might have influenced||appropriate theoretical||appropriate theoretical||using appropriate||appropriate theoretical||using appropriate||using appropriate|
|and driven the||frameworks.||frameworks.||theoretical||frameworks.||theoretical||theoretical|
|company to adopt the||No discussion of how the||A little discussion of||frameworks.||A good discussion of||frameworks.||frameworks.|
|business strategy that||strategy of Marks and||how the strategy of||Some basic discussion||how the strategy of||A very good discussion||An excellent discussion|
|you have analysed in||Spencer has driven by the||Marks and Spencer has||of how the strategy of||Marks and Spencer has||of how the strategy of||of how the strategy of|
|(A).||identified environmental||driven by the identified||Marks and Spencer has||driven by the identified||Marks and Spencer has||Marks and Spencer has|
|factors||environmental factors.||driven by the identified||environmental factors.||driven by the identified||driven by the identified|
|environmental factors.||environmental factors.||environmental factors.|
|Using appropriate||30%||No evaluation of Marks||Poor evaluation of||Some basic evaluation||A good evaluation of||A very good evaluation||An excellent evaluation|
|theoretical||and Spencer’s business||Marks and Spencer’s||of Marks and||Marks and Spencer’s||of Marks and||of Marks and|
|framework/s critically||operations and corporate||business operations and||Spencer’s business||business operations||Spencer’s business||Spencer’s business|
|evaluate Marks and||social activities. No||corporate social||operations and||and corporate social||operations and||operations and|
|Spencer’s business||reference to appropriate||activities without clear||corporate social||activities with clear||corporate social||corporate social|
|operations and||theoretical framework/s.||reference to||activities without clear||reference to||activities with clear||activities with clear|
|corporate social||appropriate theoretical||reference to||appropriate theoretical||reference to||reference to|
|activities. In your view,||framework/s.||appropriate theoretical||framework/s.||appropriate theoretical||appropriate theoretical|
|do you consider Marks||framework/s.||framework/s.||framework/s.|
|and Spencer has|
|delivered on their|
|Criteria||Weighting||0-39%||40-49%||50-59%||60-69%||70-79%||80% or above|
|Critically evaluate how||30%||No application of the||Poor application of the||Some basic application||A good application of||A very good application||An excellent|
|the balanced scorecard||balanced scorecard||balanced scorecard||of the balanced||the balanced scorecard||of the balanced||application of the|
|concept and system||concept to evaluate how||concept to evaluate||scorecard concept to||concept to evaluate||scorecard concept to||balanced scorecard|
|can help Marks and||the BSC can drive||how the BSC can drive||evaluate how the BSC||how the BSC can drive||evaluate how the BSC||concept to evaluate|
|Spencer to drive and||performance and allocate||performance and||can drive performance||performance and||can drive performance||how the BSC can drive|
|measure performance||resources to achieve||allocate resources to||and allocate resources||allocate resources to||and allocate resources||performance and|
|and deliver on their||Marks and Spencer’s||achieve Marks and||to achieve Marks and||achieve Marks and||to achieve Marks and||allocate resources to|
|corporate||business strategy (the||Spencer’s business||Spencer’s business||Spencer’s business||Spencer’s business||achieve Marks and|
|responsibility||one you have analysed in||strategy (the one you||strategy (the one you||strategy (the one you||strategy (the one you||Spencer’s business|
|commitments.||Section A) and their||have analysed in||have analysed in||have analysed in||have analysed in||strategy (the one you|
|corporate responsibility||Section A) and their||Section A) and their||Section A) and their||Section A) and their||have analysed in|
|activities and||corporate responsibility||corporate||corporate||corporate||Section A) and their|
|commitments (those you||activities and||responsibility activities||responsibility activities||responsibility activities||corporate|
|have evaluated in Section||commitments (those||and commitments||and commitments||and commitments||responsibility activities|
|C).||you have evaluated in||(those you have||(those you have||(those you have||and commitments|
|Section C).||evaluated in Section C).||evaluated in Section C).||evaluated in Section C).||(those you have|
|Examples of||evaluated in Section C).|
|goals/objectives and the||Examples of||Examples of||Examples of||Examples of|
|related measures to each||goals/objectives and||goals/objectives and||goals/objectives and||goals/objectives and||Examples of|
|of the four perspectives||the related measures to||the related measures||the related measures||the related measures||goals/objectives and|
|for Marks and Spencer||each of the four||to each of the four||to each of the four||to each of the four||the related measures|
|are not provided.||perspectives for Marks||perspectives for Marks||perspectives for Marks||perspectives for Marks||to each of the four|
|and Spencer are not||and Spencer are not||and Spencer are||and Spencer are||perspectives for Marks|
|provided.||provided.||provided.||provided.||and Spencer are|
|The||standard||of||10%||Very poor standard of||Poor standard of||Some basic standard of||A good standard of||A very good standard||An excellent standard|
|academic||writing,||academic writing,||academic writing,||academic writing,||academic writing,||of academic writing,||of academic writing,|
|presentation||and||presentation and||presentation and||presentation and||presentation and||presentation and||presentation and|
Passing the Module overall
To pass the module you will need to achieve a minimum of 50% from the weighted average mark of the two assessment tasks. Below are some examples to illustrate the calculation of the overall module mark.
E.g. 1 First sit: Individual Assignment – 60%, Phase Test – 50%, Overall: 57%; Pass module
E.g. 2 First sit: Individual Assignment – 54%, Phase Test – 42%, Overall: 50%; Pass module
If in the first attempt you do not achieve an overall 50%, you will be referred. Re-assessment is on a “task-for-task” basis, i.e. you only retake the task on which you do not get 50%. The mark for each referral task will be capped at 50%, but the module overall mark is not capped at 50%. Following examples explain the outcomes of various combinations.
E.g. 3 First sit: Individual Assignment – 50%, Phase Test – 20%, Overall – 41%; Referred – resit Phase Test
On referral of Phase Test: if
Phase Test – 50%, Overall – 50%; Pass module
Phase Test – 60%, capped at 50%, Overall: 50%; Pass module
Phase Test – 30%, Overall – 44%; Fail module
E.g. 4 First sit: Individual Assignment – 30%, Phase Test – 20%, Overall: 27%; Referred – resit Individual Assignment and resit Phase Test
On referral: if
Individual Assignment – 60%, capped at 50%; Phase Test – 55%, capped at 50%, Overall; 50%; Pass module
Individual Assignment – 60% capped at 50%, Phase Test – 40%, Overall; 47%; Fail module
A Referred and deferred assessment will consist of:
- Phase Test – 30% of the module assessment weighting. The referred Phase Test will mirror the first Phase Test in terms of format/structure and duration.
- Individual Assignment -70% of the module assessment weighting. The referred written individual assignment will be an assessment of 2,800 words and the task specifications will appear on the Referral Blackboard site.
Guidance on referencing
Sheffield Hallam University is now using APA 6* referencing style in order to extend the choice of online tools and apps you can use to make referencing easier. Find out about APA referencing and the range of apps and online tools for quick and easier referencing at https://libguides.shu.ac.uk/referencing.
Instructions to students for submission of coursework
Turnitin – portals are posted on Blackboard, under the “Assessments” folder
You can use the “Turnitin – Draft” portal to assess how correctly you have referenced your sources. You can submit to this Turnitin “Draft Submission” portal more than once.
You must submit the final version of your assignment to the “Individual Assignment Submission Portal” portal. You can only submit ONCE to this portal. After a file is submitted to the FINAL Portal, it will be stored in the central database. Staff cannot delete the file after the submission.
Guidance on how to use Turnitin is posted on the SMAPE Blackboard site.
- Your assignment must include a cover page which shows your name, student number and course name.
- You must submit the assignment on-line by using the Individual Assignment Submission Portal posted on the SMAPE Blackboard site, Assessments folder.
- You ALSO need to submit your whole assignment to Turnitin Final Portal posted on Blackboard, Assessment folder before the deadline.
- You should not leave the work and submission to the last minute. Technical problems which delay your submission are not considered as valid reasons for an extension or explanations for why you miss the deadline. Missing the deadline means that you will obtain 0% for this coursework.
- You must save your work carefully in more than one place because memory sticks and laptop computers can be corrupted, lost or damaged.
Online submission: The submission point will be available on the Blackboard site for this module where you need to upload your work.
Turnitin submission: The Turnitin tool is available on the Blackboard site for this module and you can upload your work as many times as necessary to Turnitin before you upload the final version by the submission deadline.
You should submit your work before 3pm.
Your assessment feedback & feed-forward for the module and how you can access it.
Summative feedback must be provided to all students. Summative feedback will be provided during seminar session including how the assignment work compared to the marking criteria. Feedback on the submitted assignment will be given in the rubric as shown above.
Receiving student feedback for this module and how will this be used?
By listening to what you tell us we can work together to further enhance your student experience. Feedback from students will be obtained via the normal channels and/or mechanisms e.g. on-going dialogue throughout the module, student representatives, the staff-student meeting etc. The teaching team will work with course reps to gather feedback at an early – mid point and produce a set of action points in relation to this feedback. At the end of the module, students will be invited to complete the School’s Module Evaluation Questionnaire, the results of which inform the final Module Review and Action plan.