Managing Financial Resources and Decision

Managing Financial Resources and Decision; ICON COLLEGE OF TECHNOLOGY AND MANAGEMENT Pearson BTEC Level 5 HND in Business (QCF) Unit 2: Managing Financial Resources and Decision QCF Session February 2014 Course work (Word limit 3500) HND Assignment Brief Programme title ML 955: Pearson BTEC Level 5 HND in Business Unit number and title Unit 4 Assignment number and title 1 of 1 Module leader Mr Asare Amaning Managing Financial Resources and Decisions Objectives Of A Firm Student name Assessor (receiving the work) Issue date 1st February 2014 Resubmission Y Deadline(s) Written Work: 2-7 June 2014 Deadline TBA Late submission: Work submitted after the deadline, and within 2 weeks of the deadline, will be capped at a pass grade unless extenuating circumstances applysee programme handbook for further information. Work submitted later than two weeks after the deadline will not be accepted. Feedback Feedback will be available within 3 weeks of the submission date. 4 tasks – all in essay format Task 1 Understand the sources of finance available to a business Task 2 Understand the implications of finance as a resource within the travel and tourism industry Task 3 Be able to make financial decisions based on management accounting information, such as budgets, variance analysis Task 4 Be able to evaluate the financial performance of a business. ©ICTM Submission dates TBA Assignment Brief – continued General Guidelines ? ? ? ? Introduction and background notes The work you submit must be in your own words. If you use a quote or a illustration from somewhere you must give the source. Include a bibliography at the end of your document. You must give all your sources of information. Make sure your work is clearly presented and that you use correct grammar. Wherever possible use a word processor and its “spell-checker”. Objectives Of A Firm The objectives of a company are to build around its customers and employees, and look for opportunities around the world to be recognised as a world class company. The company wants to be highly valued by its customers and all other stakeholders in order to increase the value of the business. By providing the best quality of goods and services at the best possible competitive price, the company will be able to expand its business to the next level. This will not only enable the company to achieve competitive advantages, but will also serve the primary purpose of its shareholders. What you must do Grading Criteria 2|P age Assignment Brief – continued You are required to fulfil the following four tasks in essay format by using the financial statement provided by your lecturer. Use relevant theory and apply in context of the financial statement provided. Total word limit is 3,500 words; your assignment should be at least 3,000 words in length, any calculation should show in the appendix and the must not form part of the required number of words. Task 1 (LO 1) You are a recent finance graduate from University of London and you have just been appointed as a junior consultant for a Financial Consulting Firm in the city. Your immediate manager has asked you to write a report on the sources of finance highlighting the three key sources in Short term, Medium term and Long term Task 2 (LO 2) a) You are required to analyse the impact the key sources mentioned above will have on the company’s financial statements (Income statement and the Balance Sheet) b) Financial planning is an important aspect of financial planning for any business, discuss Task 3 (LO 3) a) Identify and discuss the objectives of a budget and assess its importance generally with special emphasis in the small and medium size enterprise b) Net Present Value is a capital investment appraisal tool, you are required to discuss how management can use it to determine the viability of a capital investment Task 4 (LO 4) You are required to download 2012-13 financial statements of British Airways and assess and comment on its performance for the year using appropriate ratios for profitability, liquidity and efficiency. Detailed calculations of specific and relevant financial values and ratios must be included as an appendix and must not form part of the required number of words. Evidence checklist We need to see: Check this carefully to make sure you hand in the right work 4 answers in essay format Tick 3|P age Assignment Brief – continued How your work will be assessed 1. Your work will be assessed using the Grading Criteria statements which are shown below. 2. The Criteria which will be assessed on this assignment are shown in the section below labelled Grading Criteria and Learning Outcomes. These are shown against the tasks so that you know exactly which task(s) refer to which criteria. 3. In the assignment you will have the opportunity to achieve at all levels – Pass, Merit or Distinction – and your highest achievement for each of the Grading Criteria will count. Occasionally a particular task may offer restricted opportunities (i.e. the best grade anyone could achieve would be a Pass or Merit) in which case the maximum grade will be specified. 4. If the evidence you submit does not meet the requirements of a Pass in any of the Grading Criteria you will receive R grades and will need to consult your assessing tutor about resubmission or other opportunities to achieve the grades. 5. You will receive your tutor’s assessment of your grades, and feedback, on a separate Assignment Grading and Feedback Sheet where you will be invited to record your comments. Grading Criteria: Study these criteria carefully to choose your grade ? ? The following criteria indicate what is expected in order to achieve a Pass, Merit or Distinction. To gain a Pass in a BTEC HNC/HND Unit, you must meet ALL the Pass criteria; to gain a Merit, you must meet ALL the Merit and Pass criteria; and to gain a Distinction, you must meet ALL the Distinction, Merit and Pass criteria Learning outcomes Pass LO1. Understand the sources of finance available to a business 1.1 1.2 1.3 2.1 2.2 2.3 2.4 L02. Understand the implications of finance as a resource within the business any business environment identify the sources of finance available to a business assess the implications of the different sources evaluate appropriate sources of finance for a business project analyse the costs of different sources of finance explain the importance of financial planning assess the information needs of different decision makers explain the impact of finance on the financial statements LO3.Be able to make financial 3.1 analyse budgets and make appropriate decisions decisions based on financial 3.2 explain the calculation of unit costs and make pricing decisions information using relevant information 3.3 assess the viability of a project using investment appraisal techniques LO4. Be able to evaluate the 4.1 discuss the main financial statements financial performance of a 4.2 compare appropriate formats of financial statements for different business types of business relative to the travel and tourism business 4|P age Assignment Brief – continued 4.3 interpret financial statements using appropriate ratios and comparisons, both internal and external. 5|P age Assignment Brief – continued Merit and distinction assessment criteria (contextualized) M1 Identify and evaluate appropriate sources of Finance for business M2 Select/design and apply appropriate methods/techniques M3 Present and communicate appropriate findings D1 Use critical reflection to evaluate own work and justify valid conclusions D2 Take responsibility for managing and organising activities D3 Demonstrate convergent/lateral/creat ive thinking Internal verifiers Signature (IV of the brief) ? An effective approach has been used to select sources of finance using appropriate examples for the Financial City Financial Consulting Firm ? Relevant theories and tools have been applied in the process of costs of different sources of finance and evaluation of the information of financial decision making process. The student supported the report using a range of sources of information that has been used. In the report, an appropriate interpretation has been established to measure the performance of the business A coherent, logical development of financial decision making has been taken place is of evident throughout the report. Conclusions have been arrived at through synthesis of ideas and have been justified through practical examples from your chosen organisation while explaining the strategic context and ? ? ? ? ? ? ? ? Autonomy/independence has been demonstrated when choosing relevant the process of finances Activities have been managed taking into account, class attendance research and submission dates. Alternative evaluation has been taken place when selecting financial statement Appropriate evaluation resource requirement to implement the new strategy Professor Nurun Nabi Date 5/02/ 2014 Glossary: Analyse: Break an issue or topic into smaller parts by looking in depth at each part. Support each part with arguments and evidence for and against. (Pros and cons) Critically Evaluate/Analyse: When you critically evaluate you look at the arguments for and against an issue. You look at the strengths and weaknesses of the arguments. This could be from an article you read in a journal or from a text book. Discuss: When you discuss you look at both sides of a discussion. You look at both sides of the arguments. Then you look at the reason why it’s important (for) then you look at the reason why it’s important (against). Explain: When you explain you must say why it is important or not important. Evaluate: When you evaluate you look at the arguments for and against an issue. Identify: When you identify you look at the most important points. 6|P age Assignment Brief – continued Guide to student 1. Preparation guidelines of the Coursework Document a. All coursework must be word processed. b. Document margins must not be more than 2.54 cm (1 inch) or less than 1.9cm (3/4 inch). c. Font size must be within the range of 10 point to 12 point including the headings and body text. d. Standard and commonly used type face such as Arial should be used. e. All figures, graphs and tables must be numbered. f. Material taken from external sources must be properly refereed and cited within the text using Harvard referencing format. g. Do not use Wikipedia as a reference. h. Word limit must be strictly followed. 2. Plagiarism and Collusion Any act of plagiarism or collusion will be seriously dealt with according to the regulations. In this context the definition and scope of plagiarism and collusion are presented below: Plagiarism is presenting somebody else’s work as your own. It includes copying information directly from the Web or books without referencing the material; submitting joint coursework as an individual effort. Collusion is copying another student’s coursework; stealing coursework from another student and submitting it as your own work. Suspected plagiarism or collusion will be investigated and if found to have occurred will be dealt with according to the college procedure. (For details on Plagiarism & Collusion please see the student hand book) 3. Submission a. Initial submission of coursework to the tutors is compulsory in each unit of the course. b. Students must return their initial feedback copy of the coursework to their tutors. c. Student must check their assignments on Moodle site with plagiarism software TurnItIn. The student soft copy of assignment should remain in the Moodle site. d. Any computer files generated such as program code (software), graphic files that form part of the coursework must be submitted on a pen drive or CD together with the documentation to their tutors. 4. Good practice a. Make backup of your work in different media (hard disk, floppy disk, memory stick etc.) to avoid distress for loss or damage of your original copy. b. send the softcopy of your assignment to your personal email or upload to any online storage (dropbox, etc.) 5. Extension and Late Submission a. If you need an extension for a valid reason, you must request one using a coursework extenuation form available on the college VLE and submit to the respected Head of Departments. Please note that the tutors do not have the authority to extend the coursework deadlines and therefore do not ask them to award a coursework extension. The completed form must be accompanied by evidence such as a medical certificate in the event of you being sick. b. Late submission will be accepted and marked according to the college procedure. It is noted that late submission may result in lower grade or rejection (see assignment brief cover page and student handbook). 5. Submission deadlines Submission Dates: Initial submission: after lecture 4, every week learners required to submit Task as specified in the Course delivery schedule. Final Submission Date: Turnitin 7|P age PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET AN AMAZING DISCOUNT :)