Experience of Working as an Assignment Team in Management Accounting

Running Head: Experience of Working as an Assignment Team
Management Accounting

Experience of Working as an Assignment Team 1
Introduction
In order to achieve high work efficiency, organisations often use employees that are
organised into the cross functional groups. While moving from classrooms to the corporate
world, we will be asked to work in the collaborative manner with the other members of the
teams created to achieve particular organisational goal. Therefore, it is necessary for us to
understand the importance of teamwork. Though, in the current times, working in the groups
have become quite common, it is necessary to assess each teamwork experience and to
identify the lessons learnt as a result of the assignments that involved collaborative
teamwork. In the further section, I will discuss my experiences of working with my own
project team. During the entire project I have gathered various positive experiences.
Learning from the team assignment
Our team has been created by our lecturer for the purpose of completion of assignment given
under the subject of management accounting. With the motive of assessing our
understanding on management accounting tools and techniques, our lecturer has given us a
case study related to the topic: preparations of various types of budgets for a cabinet
manufacturing concern. As a part of teamwork assignment I have been assigned the task of
preparation of sales (revenue) budget, production budget and the direct material budget for
both the categories of cabinets manufactured by the company in the given case study.
For the purpose of the assignment that required good amount of sincere efforts as a team, we
were asked to assimilate into the groups of three students. The assigned project was discussed
clearly by our professor before instructing us to start working on that and during the project
orientation class, the professor also assigned all the three of us our responsibilities in context
of our given project.