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The company decided to implement an enterprise wide data warehouse business intelligence strategies

Unit Title Managerial Accounting
Assessment Type Individual Assignment
Assessment Title Reflective Report
Purpose of the assessment (with ULO Mapping) The purpose of this assessment is to ensure each student is able to provide a critical reflection of their personal learning process, as it relates to fulfilling the learning outcomes of this unit. (ULO 1, 2 and 4).
Weight 10% of the total assessments
Total Marks 10
Word limit 1,000 words. Please use “word count” and include the word count in the assignment cover page.
Submission Guidelines • 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, no spacing, 12-pt Arial font and 2 cm margins on all four sides of your page with appropriate section headings and page numbers.
• It is the responsibility of the student who is submitting the work, to ensure that the work is, in fact, her/his own work. Incorporating another’s work or ideas into one’s own 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:
    Hawking, P., McCarthy, B. and Stein, A. (2004), Second Wave ERP Education, Journal of Information Systems Education, Fall,
    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:
  5. Students who submit assignments which do not comply with the guidelines may be required to resubmit their assignments or incur penalties for inadequate referencing.
  6. 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.
    Individual Reflective Report Specifications
    Assignment Task:
    In this reflective report, you will be discussing about your learning experience in this unit, the relevance of the unit material and assessments in the unit to your understanding of management accounting in general, and your understanding of how management accounting concepts and techniques assist managers in making decisions to real world business problems.
    Specifically, you are to provide reflections or comments on each of the following:
  7. Comment on what knowledge you have gained about managerial accounting and how will it be useful to you in your future? (4 marks)
  8. Comment on what you learned from the individual assignment. What was interesting, what was challenging and what did you learn from it? (3 marks)
  9. Comment on what you learned about the various management accounting concepts and techniques that will assist managers in making decisions to real world business problems. What concepts and techniques you found interesting and what did you learn from it? (3 marks)
    Assignment Structure:
    The reflective report should include the following components:
    a. Assignment Cover Page clearly stating your name and student number b. Table of contents
    c. A brief introduction or overview of what the assignment is about
    d. Body of the assignment with the written answers
    e. Conclusion
    f. List of References (if applicable) – follow the Holmes Adapted Harvard Referencing guidelines on pg. 1-2.
    Marking criteria:
    Marking criteria Weighting
  10. Comment on what knowledge you have gained about managerial accounting and how will it be useful to you in your future? 4%
  11. Comment on what you learned from the individual assignment. What was interesting and what did you learn from it? 3%
  12. Comment on what you learned about the various management accounting concepts and techniques that will assist managers in making decisions to real world business problems. What concepts and techniques you found interesting and what did you learn from it? 3%
    TOTAL Weight 10%
    Academic Integrity
    Holmes Institute is committed to ensuring and upholding Academic Integrity, as Academic Integrity is integral to maintaining academic quality and the reputation of Holmes’ graduates. Accordingly, all assessment tasks need to comply with academic integrity guidelines. Table 1 identifies the six categories of Academic Integrity breaches. If you have any questions about Academic Integrity issues related to your assessment tasks, please consult your lecturer or tutor for relevant referencing guidelines and support resources. Many of these resources can also be found through the Study Sills link on Blackboard.
    Academic Integrity breaches are a serious offence punishable by penalties that may range from deduction of marks, failure of the assessment task or unit involved, suspension of course enrolment, or cancellation of course enrolment.
    Table 1: Six categories of Academic Integrity breaches
    Plagiarism Reproducing the work of someone else without attribution. When a student submits their own work on multiple occasions this is known as self-plagiarism.
    Collusion Working with one or more other individuals to complete an assignment, in a way that is not authorised.
    Copying Reproducing and submitting the work of another student, with or without their knowledge. If a student fails to take reasonable precautions to prevent their own original work from being copied, this may also be considered an offence.
    Impersonation Falsely presenting oneself, or engaging someone else to present as oneself, in an in-person examination.
    Contract cheating Contracting a third party to complete an assessment task, generally in exchange for money or other manner of payment.
    Data fabrication and falsification Manipulating or inventing data with the intent of supporting false conclusions, including manipulating images.
    Source: INQAAHE, 2020
    Marking Rubric
    Excellent Very Good Good Satisfactory Unsatisfactory
    Comment on what knowledge you have gained about managerial accounting and how will it be useful to you in your future? (4 marks) (3.6 – 4 marks) Excellent comments on what knowledge you have gained about managerial accounting and how will it be useful to you in your future. (2.9 – 3.5marks) Very good comments on what knowledge you have gained about managerial accounting and how will it be useful to you in your future. (2.1 – 2.8 marks)
    Good comments on what knowledge you have gained about managerial accounting and how will it be useful to you in your future. (1.6 – 2 marks) Reasonable comments on what knowledge you have gained about managerial accounting and how will it be useful to you in your future. (0 – 1.5 mark) Unable to present proper comments on what knowledge you have gained about managerial accounting and how will it be useful to you in your future, or is confusing.
    Comment on what you learned from the individual assignment. What was interesting and what did you learn from it? (3 marks) (2.1 – 3 marks) Excellent comments on what you learned from the individual assignment. What was interesting and what did you learn from it. (1.9 – 2 marks) Very good comments on what you learned from the individual assignment. What was interesting and what did you learn from it. (1.6 – 1.8 marks)
    Good comments on what you learned from the
    individual assignment. What was interesting and what did you learn from it. (1.1 – 1.5marks) Reasonable comments on what you learned from the individual assignment. What was interesting and what did you learn from it. (0 – 1 marks) Unable to present proper comments on what you learned from the individual assignment. What was interesting
    and what did you learn from it, or is confusing.
    Comment on what you learned about the various management accounting concepts and techniques that will assist managers in making decisions to real world business problems. What concepts and techniques you found interesting and what did you
    learn from it (3 marks) (2.1 – 3 marks) Excellent comments on what you learned about the various
    management accounting concepts and techniques that will assist
    managers in making decisions to real world business problems. What concepts and techniques you found interesting and what did you learn from it.
    (1.9 – 2 marks) Very good comments on what you learned about the various
    management accounting concepts and techniques that will assist
    managers in making decisions to real world business problems. What concepts and techniques you found interesting and what did you
    learn from it
    (1.6 – 1.8 marks)
    Good comments on what you learned about the various
    management accounting concepts and techniques that will assist
    managers in making decisions to real world business problems. What concepts and techniques you found interesting and what did you learn from it
    (1.1 – 1.5marks) Reasonable comments on what you learned about the various
    management accounting concepts and techniques that will assist
    managers in making decisions to real world business problems. What concepts and techniques you found interesting and what did you
    learn from it
    (0 – 1 marks) Unable to present proper comments on what you learned about the various
    management accounting concepts and techniques that will assist
    managers in making decisions to real world business problems. What concepts and techniques you found interesting
    and what did you learn from it, or is confusing.
    Total Marks (10) /10

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As the new benefits manager at Riley Industries, you have decided to implement a high deductible health plan (HDHP) for the employees.

Case One:

As the new benefits manager at Riley Industries, you have decided to implement a high deductible health plan (HDHP) for the employees. You have heard that HDHPS has many benefits, such as substantial cost savings resulting from employees taking charge of their health. You have also heard there are disadvantages. How should you educate the employees of Riley Industries on HDHPS? What if the employees want to keep their previous insurance plans instead? Discuss the other advantages of HDHPS to both the employer and the employees, including how employees are able to promote better health through these plans. Name some other disadvantages of the plans, including the inability to save for possible deductibles costs. What is your opinion on companies moving toward HDHPS?

Case Two:

You are the CEO of kind heart hospital, which is located in a low-income area and has spent millions of dollars over the years on charity care patients. Unfortunately, this has placed your hospital in a tough financial position, because Medicare and Medicaid continue to reduce reimbursements for their patients and your percentage of commercial insurance patients (or patients who pay more than your cost) continues to decline. Discuss what you can do to continue to provide care to the needy but reduce the amount of the loss. Will national reform laws help your reimbursement or hurt it?

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Hire Purchase Act 1967 and decided cases

Advise Atiya on the following situations. Support your answer with relevant provisions in the Hire Purchase Act 1967 and decided cases.Atiya had entered into a hire purchase agreement with Adeeb Co. Ltd (ACL) for a second-hand car. Atiya agreed to settle the instalment within 3 years. After she paid the deposit, ACL handed the car to her. After a month, Atiya just realized that the car tax was not settled by ACL. She paid the car tax and claimed reimbursement from ACL. However, ACL refused to refund, as the car did not belong to them anymore.In the meantime, Atiya also claimed that the car was having an engine problem. However, Atiya was given the opportunity to test-drive the car a few times before she agreed to purchase it. Atiya dissatisfied with the explanation given by ACL.

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Yolanda and Zachary decided to restructure their small bookstore as a limited partnership, called “Y to Z’s Books, LP.”

Yolanda and Zachary decided to restructure their small bookstore as a limited partnership, called “Y to Z’s Books, LP.” Under their new arrangement, Yolanda contributed a new infusion of $300; she was named the general partner. Zachary contributed $300 also, and he was named the limited partner: Yolanda was to manage the store on Monday, Wednesday, and Friday, and Zachary to manage it on Tuesday, Thursday, and Saturday. Y to Z Books, LP failed to pay $800 owing to Vendor. Moreover, within a few weeks, Y to Z’s Books became insolvent.

Who is liable for the damages to Vendor?  Fully explain your answer