Final-cost Accounting 2

MQA-01 :Tatacara Kelulusan Bagi Kursus Pengajian Institusi Pendidikan Tinggi Swasta(Pengendalian Kursus Pengajian 2008)-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Name of Course:LCCI Level 3 Group Diploma in Accounting Name of Institution:London Chamber of Commerce and Industry Examinations Board Title:Information on the Module

NAME OF MODULE

COST ACCOUNTING 2

MODULE CODE

ASE 3017

ACADEMIC STAFF

RATIONALE

This module is suitable for students who are working in ac cost accounting environment at a level that requires some depth of cost accounting knowledge and skills, as well as a basic understanding of cost accounting principles and practice. With these rationales in view, the syllabus is developed. This major core module is able to strengthen and enhance the academic programme. Students must pass this module.

SEMESTER & YEAR

Semester 3 Year 1

CREDIT VALUES

4.00 Credits

CONTACT HOURS

68 Hours/Semester (44 hours of lecture + 24 hours of tutorial + 0 hour of practical or demonstration)

NOTIONAL HOURS

160 Hours/Semester (68 hours of face to face contact with academic staff, and 48 hours of assessments)

STUDENT LEARNING TIME (SLT) FACE TO FACE (HOURS)OTHERS (HOURS)

TOTAL SLT/ CREDITS

LECTURE/ SEMINARTUTORIAL/ WORKSHOPPRACTICAL/VISIT/DEMOASSESSMENTS/ FINAL EXAM TOTAL GUIDEDINDEPENDENT LEARNING

TOTAL SLT44240141068160

CREDIT VALUE1.100.600.000.350.251.704.00

PREREQUISITE

Cost Accounting 1

OBJECTIVES

The objective of this module is to enable students to develop:

1. An understanding of advanced aspects of the processing of cost accounting information, including stock control2. An understanding of how cost accounting information can be used for the purpose of short-term planning, control and decision making within business organizations3. The ability to apply this understanding on cost accounting in a variety of business settings

LEARNING & SKILL OUTCOMES

Upon successful completion of this module, the student will be able to acquire the following learning and skill outcomes:

1. Describe the advanced aspects of the processing of cost accounting information2. Explain short-term planning control and decision making principles, techniques and processes3. Use and apply the cost accounting techniques in a variety of business settings

TRANSFERABLE SKILLS

Transferable skills are skills that are useful in many job situations. The employability skills such as communication, teamwork, problem solving, initiative and enterprise, planning and organising, self-management, learning and technology are integrated in this module. The following is a list of transferable skills integrated in this module:

1. Synthesise range of concepts, knowledge and skills and application of theories to practical realistic work situations such as 2. Perform and interact as an effective member of an interdisciplinary team and responsive to change and ability to multi-task in various given tasks 3. Demonstrate confidence in manipulating mathematical parameters and use information technology effectively.4. Gather and research information from a wide range of sources and learn independently and generation of evidence5. Demonstrate effective time management, leadership and negotiation skills and ability to innovate and work in a creative 6. Recognise and work within the limitations of their own personal and professional skills, able to work independently and communicate effectively, both orally and in writing7. Ability to reasons, questions, critique, analyse, solve problems, tackle complex and/or unpredictable situations and decision making skills

TEACHING-LEARNING STRATEGY

Teaching and Learning StrategiesThe teaching and learning strategy is designed to encourage a deep approach to learning with an emphasis on collaborative, evidence based and problem based learning suitable to industry through the use of teams (working teams) and problem solving. The teaching/learning strategy for this module has been designed to ensure that the program level learning outcomes will be acquired. Various forms of teaching strategy would be employed to provide stimulation and participation amongst students as part of the students-centred activities.

These will either one or combination which include group work and formal presentations, exercises, project, case studies, role plays, informal peer assessment, interactive handouts and experiential tasks. Lectures and seminars will introduce and develop ideas and group work allows students to consider material in more practical detail. A combination of lectures, seminars, tutorial, group work and oral presentations will be combined with private study, essay writing and case study (or similar) project which investigates key aspects of the module.

Teaching and Learning MethodsThe teaching and learning methods include self/team examination exercises, role play and case studies. The teaching and learning format is designed to emphasize methodology and to give students the opportunity to gain experience through the integration of theory and application. The teaching and learning processes will be facilitated by a series of lectures supported by tutorials, group and home-exercises sessions with information technology playing an increasingly important role. An extensive range of learning resources can be accessed through an online repository of lectures, handouts, and information and learning exercises.

Students will also be provided with self instructional materials which include module materials, module guide, textbook, activities, self-tests and practice exercise. Students and academic staffs will be guided by LCCI and be provided with comprehensive materials on the programme via student handbook, academic handbook, academic staff guide, student guide/workbook, lecture slides and various e-copies of academic support materials. Additional teaching-learning supports are also available at the


LCCI website. Students may download relevant information if needed once their password has been activated.

The methodology of the teaching and learning methods for this module are the combination of :

1. LecturesThe module will be delivered in the classroom. Comprehensive and self-sufficient learning materials will be provided to students by LCCI and LCCI Accredited Partner Centres if any. Students will be presented with factual information and theoretical models in lectures that will equip them for dealing with real live contemporary issues. Model, sample, pictures, and slide are used as presentation materials. Individual, group assignments and discussion is encouraged among the students.

The module also uses case studies to encourage students to explore issues by applying theoretical concepts and drawing upon and enhancing critical thinking and analytical skills. The case studies provide a framework for discussion, problem solving, and group interaction. It demonstrates how theoretical concepts can be applied to real world cases to provide effective solutions and for workplace application.

2. TutorialIssues are developed in more detail delivered to smaller numbers of students. As students progress through the programme, tutorials develop from tutor to student lead. Students will prepare for the tutorial using published literature from a variety of sources. The elements of problem based learning are developed to encourage and enable students to responsibility and autonomy for their learning. Exercises or work assignments given during the tutorials session provide forum for consolidation, extension work and self-exploration and the application of the theory using specific exercises will be underpinned by individual study and practice for which guidance will be given.

Tutorials will encourage students to develop their understanding of the module and interpersonal communication skills, provide an opportunity for students to ask questions and exchange ideas. These questions reinforce key material throughout the text and help students comprehend the concepts. The list of questions to be discussed during the tutorial sessions will be given to students by LCCI and LCCI Accredited Partner Centres if any.

3. Mini ProjectAcademic staff of the LCCI Accredited Partner Centres prescribes topics based on the syllabus. Students identify and select those topics, begin researching information in that field of knowledge. The library provides an excellent place to start as it will have material, from journals to reference books, to provide proper citations for the project.

Students can present the ideas through simple diagrams and explain during presentation, or even through extremely elaborate to demonstrate the mechanisms that occur in the topic of research. Lecturer monitors students progress through time management of projects.

4. Problem-Based Learning (PBL)In problem based learning (PBL) students use the problem case or


scenario to define learning objectives. Subsequently students do independent, self directed study before returning to the group to discuss and refine their acquired knowledge. Thus, PBL uses appropriate problems to increase knowledge and understanding. Group learning facilitates not only the acquisition of knowledge but also several other desirable attributes, such as communication skills, teamwork, problem solving, independent responsibility for learning, sharing information, and respect for others.

5. Self-Directed Learning Exercise (SDL)This involves giving the students a current research topic given by LCCI or LCCI accredited partner centre, a list of recent reviews and papers and then asking them to answer approximately questions pertaining to the selected topic. This is part of students home assignments and guided learning. Students will be given the list of questions for home assignments and guided learning. Self-directed learning is used for self-directed learning and includes: reading lecture notes and texts; using learning resources on the Web.

Module Implementation PlanThis module will be taught in a semester by the LCCI accredited partner centre and will be supported by directed study of textbooks, journal articles and computer assisted learning provided by LCCI. Each teaching session will commence with a short lecture introducing the topic followed by the number of problem based tasks. Students will spend the rest of the session working on further exercises relevant to the current topic. This will be a mix between individual and group tasks. Students will also be given work to complete outside the normal lectures sessions with some of this involved in the class based exercises. The student will be encouraged to use the library resources to seek further examples and applications and to use the computer facilities. Access to a computer and the internet is also highly recommended.

LCCI and/or LCCI accredited partner centre encourages Students to bring into class other articles, project, case studies, reading texts or share their experiences on the current topic. Intellectual skills such as critical analysis, synthesis and problem solving will be practiced through active learning processes within group learning activity. Independent thought and understanding of intellectual skills will be examined by questioning students in their student-led presentation, completing written examinations and problem-based exercises.

Students need between 160 to 180 learning hours to complete this module which includes direct contact hours as well as other time when students work is being supervised by the academic staffs.

Feed Back MethodsThe continuous feedback shall be given to students throughout the semester for this module in the following manner :-

Feedback Given to Students in Response to Assessed Work Individual written feedback on courseworkFeedback discussed as part of a lecture/tutorialIndividual feedback on request and model answer

Developmental Feedback Generated Through Teaching ActivitiesFeedback is given at presentations and during lecture/tutorial sessionsDialogue between students and staff in lecture/tutorialGroup critiques on work presentedResults of peer-marked tasksResults of in-class tests and quizzes


Feedback is a crucial part of the learning process and is taken very seriously on this module. Students will receive feedback from their work where possible within 3 working days from the academic staff of the LCCI accredited partner centre and students will be informed if this is any different. Students need to take note of all the feedback given and link this to actions for students learning. If students are not clear on the feedback need to make an appointment to see the academic staff of the LCCI accredited partner centre about this for further clarification.

If students are dissatisfied with the academic services given by the LCCI accredited partner centre, students may forward their requirements/ complains/ suggestions to LCCI Academic Office for clarification.

ASSESSMENT STRATEGY

Teaching, Learning and Assessment Strategies The teaching, learning and assessment strategies aim to reflect best practice and innovative thinking and research. The approach developed by LCCI is therefore for the teaching and learning aims to integrate applied and theoretical knowledge. Similarly, assessment processes shall test the students knowledge, their application and limitations. The assessment strategy is developed with the aim of testing the module's learning outcomes. Students will also be assessed internally by means of coursework/internal assessments and unseen final semester examination. LCCI requires that all students in this module will be externally assessed by means of the LCCI Global Examination.

Coursework and Internal Assessment Assessments for the coursework will be made on daily work, the ability to problem solve, reflective writing, observance of work procedures and attitude. Students will have written homework synthesizing material from class, developing critical thinking and study skills. This component of the assessment will require students to develop their understanding of one of the topics on the syllabus. Students will be expected to demonstrate in- depth knowledge and critical understanding of the associated theoretical and specific issues. As such, the assessment strategy is developed with the aim of testing the module's learning outcomes.

The coursework for this module will be presented for assessment in the form of two types of assignments:

1. In-Class Work Assignments In-class work assignments will be given based on the topics discussed in a class. Unless otherwise specified by the academic staff, in-class assignments have to be completed and submitted by the end of the class. The marks obtained in the in-class work assignments will not contribute to the final grade of the students.

2. Homework Assignments Questions for the homework assignment are set by LCCI accredited centres as part of the internal assessments. Due dates for all the homework assignment will be specified and normally the date is before the beginning of the final semester examination and must be submitted within the due date. The marks obtained in the homework work assignments will not contribute to the final achievements of the students.

The list of the in-class work assignments, homework assignments and final semester internal examination for this module are as follows :

1. In-Class Exercises A number of exercises demonstrating different skills and techniques will be done in the classroom. Students are expected to work the

ASSESSMENT STRATEGY

exercises individually or in a group and submit the work on the dates to be determined by the academic staff. Normally the questions given for the in-class exercises are short answer questions (SAQs). The SAQ may require students to practices their skills that are able to communicate specific messages in a professional manner.

The mark from the in-class exercises does not contribute to the final marks of the module. This is part of the mechanism of the feedback to the LCCI accredited partner centre (APC) so as to ensure that the students perform in the learning of this module and be prepared for the final external assessments.

2. Mini Projects/Research ProjectsThere will be a maximum of two mini/research projects related to the module given throughout the semester. These will be of larger scope and require more time than the assignments or exercises, and they will come in a variety of forms. The mini mini/research projects reports will allow students to demonstrate analytical and critical skills, to develop their information literacy and to practice their writing skills.

They will demonstrate a thorough understanding of the chosen question set by LCCI, its applicability to other areas, its importance in developing research, as well as its limitations. The length of the mini mini/research projects reports should not be more than 1,500 words. The topic of the mini mini/research projects may vary between students but whatever topic chosen by students, they are required to demonstrate the skills and knowledge on chosen topics. The mark from the mini/research projects internal assignments will not contribute to the final marks of the module.

3. Tutorial ReportsThe tutorial written reports is a way to monitor students activities during the class and when they are out class room. This tutorial written reports will comprises of learning outcomes based on the topic taught for the day/week, their class activities after each lesson, their group activities such as revision, assignment discussion, research work and individual learning/contribution toward the report are also included. The mark from the tutorial written reports assignments does not contribute to the final marks of the module.

4. Tests/Quizzes There will be a number of tests/quizzes based on the topics of the module. The tests/quizzes will cover material from lecture, exercises, assignments, projects, and the supplied notes. Test and quizzes will be given after 3 - 4 lessons are being taught; this is to ensure that the students understood the module content. The tests/ quizzes are one of the mechanisms of the feedback system so as to ensure that students understood the specific topics. The mark from the tests/ quizzes does not contribute to the final marks of the module.

5. Final Semester Internal Examination At the end of the semester students will be required to take a 1 hours long unseen written examination. Questions testing students theoretical and practical knowledge will either be augmented by shorter sections testing their understanding, which will be similar to issues addressed in tutorials, and lecture.

Types of Final Semester Internal Examination QuestionsThe final semester theory examination papers comprise of mainly short answer questions (SAQs), multiple choice questions (MCQ) and multiple essays questions (MEQ). For SAQ, marks will be awarded for

ASSESSMENT STRATEGY

the appropriateness of the method used as well as for the accuracy of the answer. Students should, however, be aware of the need for clear, intelligible and unambiguous answers. An answer must be comprehensible in order to gain marks. For MCQ and MEQ, the marks are distributed equally.

Final External LCCI Global Examination (Compulsory)At the end of the module, it is compulsory for students to appear for the LCCI Global Examination. Those appear for the LCCI Global Examination will be required to take a 3 hours long unseen written examination. Questions testing students theoretical knowledge will either be augmented by shorter sections testing their understanding, which will be similar to issues addressed in lectures. Some flexibility is appropriate in order to provide a suitable variety of questions and business contexts, and to maintain an appropriate balance of difficulty.

Each examination will include topics from most or all sections of the syllabus, or to more than one section. There will be 8 questions on the examination paper, of which any 5 of the questions need to be answered and each question will carry similar marks. The questions are set and mark by LCCI and not the LCCI accredited partner centre. The invigilation of the examination is undertaken by the appointed LCCI invigilators.

Sample Past Years External Examination Questions and Papers Sample examination papers and marking schemes are available on-line at the LCCI website. Academic staffs of the LCCI accredited centre are encourage to use these to give students practice of the type of questions they can expect to see in the examinations and also to build key examination techniques such as strong time management. Academic staffs of the LCCI accredited centre may also choose to divide these up into individual questions to use for progress testing or give students the whole paper to complete under timed conditions.

Students should also be made aware of the importance of justifying their answers and setting out their answers clearly, as marks are often lost in these areas. The marking schemes are provided so Academic staffs of the LCCI accredited partner centre can give accurate feedback on the student performance as they use these practice materials. A list of key examination tips and common examination vocabulary is also available at the website to aid students in their preparations for the examination.

LCCI Procedures for Global ExaminationThe examination papers will arrive in sealed packets with the name of the module and the number of papers. LCCI accredited partner centre must immediately check that the LCCI accredited partner centre have received the correct papers and then either email or fax back the required confirmation to LCCI. The papers must be placed in secure storage and the packets must not be opened before the examination.

Global examinations are marked centrally by LCCI. When students have undertaken a global examination the papers should be sent, along with the register for that examination, the examination paperwork and a copy of the seating plan, to LCCI marking syndicate. All papers should state clearly the student name as registered with LCCI, the student number and the centre at which the student is studying. Students scripts should be presented in LCCI student number order. This facilitates quick checking of attendance against total numbers on receipt of the papers by the LCCI Marking Syndicate. Examination InvigilationLCCI Accredited Partner Centre is required to invigilate the examination for

ASSESSMENT STRATEGY

this module according to LCCIs rules and regulations. This document also contains guidelines on the appointment and number of invigilators required. Please note that the academic staff(s) of the module being assessed must not invigilate the examination.

Invigilators will arrange the seating plan and check students details on arrival before instructing them where to sit. It is essential that invigilators also ensure that students do not bring additional items such as notes, mobile telephones and bags into the examination room. Once students are seated in the examination room, the invigilator will also be responsible for reminding students to read the instructions prior to the commencement of the exam and of the time remaining during the exam period. Paperwork relating to the examinations will arrive with the examination papers.

Members of staff who invigilate examinations will be required to complete all paperwork during examinations to confirm attendance of students and report any issues that arise. They should also check that full student details have been completed on all of the submitted scripts. Full details of all invigilator responsibilities can be found in the Examination Guidelines documents which are available at LCCI web site and each invigilator will need to become fully familiar with the processes described therein.

Overall Internal and External Assessment StrategyThe assessment strategy is based on the summative and formative assessments. Summative assessment is characterized as assessment of learning while formative assessment, which is assessment for learning. Formative assessment aids learning by generating feedback information that is of benefit to students and to academic staffs. Feedback on performance, in class or on assignments, enables students to restructure their understanding/skills and build more powerful ideas and capabilities.

The goal of formative assessment is to gather feedback that can be used by the academic staffs and the students to guide improvements in the ongoing teaching and learning context. These are low stakes assessments for students and academic staffs. Whereas the goal of summative assessment is to measure the level of success or proficiency that has been obtained at the end of an instructional unit, by comparing it against some standard or benchmark. Summative assessments are cumulative evaluations used to measure student growth after instruction and are generally given at the end of a module in order to determine whether long term learning goals have been met.

ASSESSMENT MATRIX

The assessment strategy for learning and skill outcomes for this module is based on the summative and formative assessments as follows:

MATRIX OF MODULE LEARNING OUTCOMES WITH ASSESSMENT METHOD AND BLOOMS TAXONOMY

COURSE/MODULE LEARNING AND SKILLS OUTCOMESSUMMATIVE

FORMA-TIVEBLOOM'S TAXONOMY OF ASSESSMENTS

ASSIGN-MENTFINAL EXAM

BT1BT2BT3BT4BT5BT6

Describe the advanced aspects of the processing of cost accounting information

Explain short-term planning control and decision making principles, techniques and processes

Use and apply the cost accounting techniques in a variety of business settings

Note : Bloom's taxonomy of assessments (BT) contains modules related to the knowledge (BT1), comprehension (BT2), application (BT3), analysis (BT4), synthesis (BT5) and evaluation (BT6) as shown in the tables above. TEACHING, LEARNING AND ASSESSMENT The teaching and learning methods used and the assessment techniques developed for this module are as follows:

SUMMARY OF THE TEACHING, LEARNING AND ASSESSMENT

POSSIBLE TEACHING AND LEARNING METHODSPOSSIBLE ASSESSMENT METHODS

Knowledge and understanding is developed through the following mechanism: Attending project briefings and critiques Personal research and individual study Attending lectures, tutorials by lecturer Attending lectures by guest speakers Using learning resources and the internet Group discussions Visit to related places to the module and observe scientific activities Participation in lectures, tutorials and other organised academic activities Directed and general reading related to the module matters selected by the lecturer Primary research using interviewing, surveys or case study approaches and the use of IT for secondary research

Knowledge & understanding is assessed by the following mechanism: Examinations Coursework Report writing Project work Ability to explain, identify, describe, discuss, draw upon (as appropriate) the ideas in the module in the context of the piece of assessment for the module Evidence of comprehensive reading in the module being assessed

Thinking skills are developed through the following mechanism: Preparation for examinations or major assignments such as the project Satisfactorily completing the continuous assessment process including essays, presentations, multiple choice assessment Critiques Problem solving Preparing tasks set for tutorials, seminars and workshops Analysing data

Thinking skills are assessed by the following mechanism: Ability to undertake problem solving Ability to develop, elaborate, redefine, propose alternatives, re-conceptualise, integrate, establish new connections between, the ideas in the module in response to the assessment for the module Ability to assess, judge, appraise, criticise (as appropriate) the ideas in the module in addressing the module's assessment. Observing presentations Ability to analyse data Group discussions Written assignments Ability to compare, examine, contrast, question, debate, distinguish between (as appropriate) the ideas in the module and how they are relevant to the piece of assessment for the module.

Practical skills are developed through the following mechanism: Case study Mini project Mock exercises Use of information technology Preparation of presentations on selected topics Completion of group based or individual assignments

Practical skills are assessed by the following mechanism: Simulation and demonstration activities Case study, mini project and role play Group and individual presentation Computer presentations Written report Ability to prepare an assignment using appropriate resources, including information technology, to addresses the issue or question in the assessment Evidence of logical planning & management of time in preparing the assessment.

General skills are developed through the following mechanism: Use of computers Report writing and project work Presenting ideas or arguments in a clearly structured manner Personal and team presentations Managing time so that assignment deadlines are met, whether working in groups or individually. Being able to produce clearly argued solutions when solving problem.

General skills are assessed by the following mechanism: Essays and reports Computer literacy Use of appropriate problem solving skills Verbal presentations Evidence of team or group working Ability to work in time constrained environments

ASSESSMENT METHODS & TYPES

Internal AssessmentsCoursework 1 : Tests and Quizzes Coursework 2 : Written Assignments Coursework 3 : Mini Project, Presentation and Participation Final Semester Examination External Final Global Examination (Compulsory)LCCI Final Global Examination

10%15%15% 60%

100%

Internal AssessmentsThe students will be evaluated throughout by continuous assessment in class sessions or assignments. Work related assignments will be given to the students. They will be encouraged to use the computer laboratories to get information from the internet and libraries. The usage of internet excess is most important for students to help them with their assignments. They will be ensured of apprisal made at the end of each module. These marks will contribute to part of the continuous assessment appraisal performed by the students. Their professional performance will also be evaluated together with their ability to communicate and work effectively as a team. The topics taught will be viewed holistically either from those included in the topic areas taught as well as from references from evidenced based practice knowledge, students research work related that was formal or informal. Teaching staff meets before and after the examinations to prepare and review examination questions and procedures. Internal and external teaching staffs are involved.

The module is carefully monitored in relation to modules being examined at the same time as well as against performance of students in the previous years. Feedback from students relating to their assessment is obtained by regular surveys.

The module will be internally assessed on the basis of coursework assignments provided during the semester (100%) to be completed before the end of the semester. Students must fulfill and satisfy the attendance requirement before being allowed to sit for the LCCI final examination. The marks obtained in the internal assessments will not determine the final achievements of the students. The assessment is more for the preparation of students before the students finally sit for the external assessments to be conducted by LCCI. Students will be expected to demonstrate a level of competences in relation to the module and the associated learning outcomes.

Coursework 1 (individual): Test and quizzes are given in class and normally done at the end of the 3-4 topics. This is part of the mechanism of the feedback so as to ensure that the students perform in the learning of this module.


Coursework 2 (individual): From the written assignments given, students are required to examine and assess the particular topic selected and report on the source, variety, variations, availability, specifications, uses and present an individual piece of written work not exceeding 1,000 words, excluding references and appendices. All written assignments will be evaluated using specified criteria appropriate for the specific assignment. A list of potential topics for the written assignments will be distributed in class at the beginning of the semester. Coursework 3 (group): The class will be divided into groups of 3 or 4 students to undertake the mini project. Each team will be expected to demonstrate their ability to explain the specific topics. The team will be expected to present the results of their analysis of the selected topics to their peers in a formal class environment. Each team will have access to the selected topics reports produced by the other teams. Mini project to be handed in 1 week after end of the project will require students to present orally and in writing. The presentation is the format of the role play acted in the class room environment. Project deliverable is a brief written report, 8-10 pages double spaced, not exceeds 1,500 words, excluding references, appendices and presentation material written in powerpoint format). The assessment will also include factors as facility of working in the team, problem solving ability, initiative, attitude, attendance and punctuality. Final Semester Examination: At the end of the semester students will be required to take a 1 hours long unseen written examination. Questions testing students theoretical and practical knowledge will either be augmented by shorter sections testing their understanding, which will be similar to issues addressed in tutorials, and lecture. The written examination will centre on the students knowledge, understanding & comprehension of the topics covered in this module. Content of examinations will be taken from assigned text readings. Questions for the Final Semester Examination: The final semester theory examination papers comprise of mainly short answer questions (SAQs), multiple choice questions (MCQ) and multiple essays questions. For SAQ, marks will be awarded for the appropriateness of the method used as well as for the accuracy of the answer. Students should, however, be aware of the need for clear, intelligible and unambiguous answers. An answer must be comprehensible in order to gain marks. For MCQ and MEQ, the marks are distributed equally. Attendance Requirement: Students must fulfil and satisfy the attendance requirement of 80% marks before being allowed to sit for the final semester examination. Student is expected to attend all class sessions except for a valid excuse that is communicated to the lecturer in a timely manner. Students are expected to be in the class on time and responsible for due dates regardless of attendance. Cheating and Plagiarism: Detailed guidance on what to do if the academic staffs uncover cheating or plagiarism while marking student scripts can be found in the Moderation Manual. It is vital that academic staffs follow the policy and grade student work accordingly, as if plagiarism which academic staffs have not documented is discovered by LCCI during moderation will have to require academic staffs to remark all work applying appropriate penalties and submit the original and a new sample for moderation. This is necessary to ensure that the whole cohort has been marked according the same standards and that academic staffs and LCCI do not scale the cohort based on an offence in one students work. Second Marking: It is always good practice to then get a colleague to second mark a sample of assignments. LCCI recommends that the sample includes scripts at or near borderline fail, merit and distinction boundaries. Where second marking uncovers a problem, this should


be discussed with the first marker and an agreed solution arrived at, possibly by either re-marking or scaling the marks. Everyone learns from receiving constructive feedback and it provides confidence that your marking is consistent and accurate. Passing Grade: A minimum of 50% of the aggregate marks will be required for a successful completion of the module. Otherwise students need to re-sit the module via examination. Nevertheless the marks and grades obtained from the internal assessments and a final semester examination does not contribute to the final marks of the module.

Compulsory Final External Assessments and ExaminationGlobal examination question papers are prepared and issues by LCCI. The question papers for the examination are send to LCCI accredited partner centres on the stipulated examination dates. All students examination papers are marked centrally by LCCI. Students will be required to take a 3 hours long unseen written examination on months predetermined by LCCI i.e. on the month of March, June, September and/ or December. LCCI accredited partner centre (APC) will receive global examination papers for all the students that have registered in plenty of time before the examination is due to take place. If APC have not received the examination papers one week prior to a given examination, APC should contact LCCI. The examination papers will arrive in sealed packets with the name of the module and the number of papers. APC must immediately check that the APC have received the correct papers and then either email or fax back the required confirmation to LCCI. The papers must be placed in secure storage and the packets must not be opened before the examination.

Global examinations are marked centrally by LCCI. When students have undertaken a global examination the papers should be sent, along with the register for that examination, the examination paperwork and a copy of the seating plan, to LCCI marking syndicate. All papers should state clearly the student name as registered with LCCI, the student number and the centre at which the student is studying. Students scripts should be presented in LCCI student number order. This facilitates quick checking of attendance against total numbers on receipt of the papers by the Marking Syndicate.

Model answers and past question papers are available from the LCCI website www.lcci.org.uk

External Examination Questions Papers The final semester examination shall be 3 hours closed book system. There will be 8 questions on the examination paper, of which any 5 of the questions need to be answered and each question will carry similar marks. The theory papers comprise of mainly short answer questions (SAQs) and multiple essays questions (MEQ).

Marking of External Examination Questions Papers Questions will not necessarily carry equal marks. Questions of different difficulty or different length will normally carry different marks. Marks will be awarded for the appropriateness of the method used as well as accuracy of the answer.

Marks will not normally be reserved for appropriate use of English, correct use of grammar, for a specific format of answer, or for presentation, except where specifically stated in the question. Students should, however, be aware of the need for clear, Intelligible, unambiguous answer. An answer must be comprehensible in order to gain marks.


The answers required will be predominantly of a quantitative nature but students will be expected to demonstrate their understanding of the module at an appropriate level. A positive marking approach is used. Although students will be penalised for initial calculation errors, they will gain marks for consequential own figures as long as the correct use of principles has been demonstrated.

Passing MarksPerformance in the module will be assigned one of four grades that is Distinction (>70%), Merit (60 69%), Pass (>40 59%) and Referred (

Documents

Final-cost Accounting 2