Cost Accounting – COAC216

Type of Assessment: Assessment 3 – Group Report (Maximum 5 students in a group)
Length/Duration:
2,000 words (excluding executive summary, table of content, heading & subheading, references, appendix & tables)
Unit Learning Outcomes
addressed:

1. Discuss various approaches to performance evaluation and control in
   various types of organisations.
2. Discuss the changing role of management accounting.
3. Select devise and apply different types of cost allocation and explain
   their different roles for supporting strategic managerial decision
   making.
4. Critically evaluate the uses of managerial accounting information for
   strategic decision making in various business contexts.

ASSESSMENT DESCRIPTION:
Students are required to work in a group of 5 students for a presentation and a written report. Students must
register for their group with the lecturer in week 4 and are not allowed to change group members without the
lecturer’s permission.
Scenario:
Part Task Mandatory Online Training Course
1
 Based on the extensive research conducted
by the group members on the various
existing/new business models, provide an
introduction and of selecting a particular
business model for your business rationale
(i.e. why do you think the business model
you selected is viable)?
 Graphically represent your business model
using Business Canvas Model. Briefly
explain all the components of your business
canvas Model. Your discussion in this
section should not be a general discussion
rather it should purely be based on the
business Model you selected.
A mandatory Part 1 online training
course and resources available in
Moodle. Every member must
complete the Part 1 training course.
2
 Develop objectives, vision, mission, and
value statement for your business model.
 Briefly explain the strategy map and
provide a strategy map for your potential
business.
 Conduct the value chain analysis. Analyse
where your organisation would be located
on the value chain.
A mandatory Part 2 and 3 online
training course and resources are
available in Moodle. Every member
must complete the Part 2 training
course.
Bob Warne and Rickey Symonds have just graduated from Kent Institute Australia and planning
to start a start-up business. Bob and Rickey have $250,000 to start a business, which means that
business setup cost plus the estimated loss until the business reaches the break-even point
cannot exceed $250,000. Based on the allocation of $250,000, each group is required to perform
the following tasks:
Kent Institute Australia Pty. Ltd.
Assessment Brief ABN 49 003 577 302 CRICOS Code: 00161E RTO Code: 90458
Version 2: 11th October, 2019 Page 3 of 8 TEQSA Provider Number: PRV12051
 As performance management is critical to
any business, develop a balance scorecard
for your proposed business and
recommend the relevant key performance
indicators. Proposed indicators should be a
mix of lag, lead, objective, subjective,
financial, non-financial, internal & external
indicators. A maximum of 16 indicators (4 in
each perspective) may be recommended.
(Detailed instructions are provided in Part 2
online training course)
3
 Conduct the break-even analysis for the
proposed business. Provide the calculations
for break-even point (in terms of units &
dollar value). This section should specifically
concentrate on the calculations and should
include numerical discussion on estimated
operation costs (not setup cost) and
revenue, categorisation of fixed and
variable cost, calculation of contribution
margin, calculation of BE in unit/service and
BE in the dollar, overall comment on BE of
your business model. Do not include any
general discussion on the meanings of the
various terms used in the calculation of
break-even point. (A detailed procedure
will be given in Part 3 online training
course)
 Comment on the overall feasibility of the
business. Your comment should specifically
concentrate on the economic, technical &
operational feasibility. Also, explain why
conducting feasibility analysis is important
in determining the potential success of the
business.
Kent Institute Australia Pty. Ltd.
Assessment Brief ABN 49 003 577 302 CRICOS Code: 00161E RTO Code: 90458
Version 2: 11th October, 2019 Page 4 of 8 TEQSA Provider Number: PRV12051
Each group is required to present their work through a presentation and a written report. The details
are as follow:
Task Description Due Date Weighting
Presentation
– MS
PowerPoint
Format
Goal:
Convince your audience that your business model is
the best.
Requirements for presenting groups:
Photocopy your BMC in A4 (with your group
number clearly written) enough to give at least one
copy to each group (e.g. if there are 10 groups, your
group need to print 10 copies of your BMC) and
give to your lecturer on the presentation day;
Duration: 10 minutes
No of presenters: 5 people
PPT Slide: Business Idea, Objectives, mission vision
& value statement, Business Model Canvas,
Balanced scorecard, Value chain analysis, Break
Even Analysis should be included (must be included
in the presentation slides as a minimum
requirement)
Requirements for participating groups:
Actively listen to other groups’ presentation and
give $500 stickers (total 20 stickers available per
group) to the business models that your group want
to invest.
The business model that gets the most stickers will
be awarded as the Best Business Model.
Week 9-
During
tutorial
hour (report
submissionWeek 10
Sunday
11.59 pm
5%
Kent Institute Australia Pty. Ltd.
Assessment Brief ABN 49 003 577 302 CRICOS Code: 00161E RTO Code: 90458
Version 2: 11th October, 2019 Page 5 of 8 TEQSA Provider Number: PRV12051