COURSEWORK QUESTION

Question 1 (20%)

Required:

Evaluate how a typical budgetary process is undertaken in a business organisation. Next critically evaluate Brewers (2020) article by discussing if the Zero-Based-Budgeting approach is the best way for companies to increase profits and then demonstrate with support from current literature how the performance of companies can improve in terms of planning, control and decision making. Lastly, critically evaluate the contributions which management accounting makes to organization budgetary control through computational techniques

Word limit is 1,500

(100 marks)

Please refer to the marks allotment sheet

Note:

Refer Appendix 1 for the marks allocation.

The total marks for this assignment is 20% of overall assessment for this module.

* The detailed marking criterias for the allocation of xx marks is provided in Appendix 1

LENGTH REQUIRED

1500 words +/- 10%. Any deviation from this will be penalized.

FORMATTING AND LAYOUT

• A Microsoft Office Word Document or other relevant applications as permitted by module lecturer/ typed using computer. Usage of typewriter or hand - written is STRICTLY not allowed.
• 12 font size, Time New Roman font and bold title and sub titles
• A4 sized paper
• Fully justified alignment
• 1 line spacing
• Margins of 1 at top and bottom; left and right

List of References

Brewer, R.G. (2020, October 2). Is This New Plan Finally Going to Turn Kraft Heinz Around? https://www.nasdaq.com/articles/is-this-new-plan-finally-going-to-turn-kraft-heinz-around-2020-10-02

Trentman, N. (2020, September 16). Kraft Heinz CFO Wants to Make Sure Cost Cuts Endure. Retrieved from: https://www.wsj.com/articles/kraft-heinz-cfo-wants-to-make-sure-cost-cuts-endure-11600296032

OBrien, M. (2020, October 29). Zero-Based Budgeting Revisiting: A Practical Guide for 2021. Retrieved from: https://www.netsuite.com/portal/business-benchmark-brainyard/industries/articles/cfo-central/zero-based-budgeting.shtml

Hirsch, L. (2019, February 22). Kraft Heinz 3G Capital faces reality: Brutal cost-cutting isnt enough CNBC. Retrieved from https://www.cnbc.com/2019/07/24/kraft-heinz-pulls-back-on-asset-sales-as-it-seeks-to-fix-a-broken-business.html

APPENDIX 1: ASSESSMENT CRITERIA

No.	Assessment Criteria	Weights	Marks Allotted by Lecturer
1.	Evaluate -how a typical budgetary process is undertaken in a business organisation.	20%
2.	Critically evaluate Brewers (2020) article - by discussing if the Zero-Based-Budgeting approach is the best way for companies to increase profits.	30%
3	Demonstrate with support from literature - how the performance of companies can improve in terms of planning, control and decision making.	30%
4	Critically evaluate - the contributions which management accounting makes to organization budgetary control through computational techniques	20%
	Total	100%
	Conversion	20%

Comments:
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Lecturer Signature		Date

*100 marks will be converted into 20% of the coursework weight.