Qualification Unit number and title
Qualification Level 4 Diploma in Business Management Financial Awareness
Student please provide Evidence Page No. of your assignment
Learning Outcome Assessment Criteria
Task Number
Evidence Page No.
1. Explore the nature and use of financial information.
1.1. Discuss the need for financial information, its purpose, limitations and the main stakeholders interested in the information. 1.2. Identify accounting arrangements and conventions used by organizations.
2. Investigate the principles and standards used to produce accounting and financial information.
2.1. Explain how accounting frameworks and regulation influence accounting and financial arrangements. 2.2. Explain the uses of published financial information. 2.3. Explain how an organization uses management accounting practices.
3. Examine financial commentary that interprets and analyses published financial information.
3.1. Explain the main items commented on and explain their importance. 3.2. Identify trends in published accounting information.
Note: For Severn Business College Use Only 2 | P a g e
Assignment
Unit aim
The overriding aim of the module is to provide the learner with the necessary knowledge to be able to critically evaluate the financial systems, processes and procedures in their own organizations. Learners will gain understanding of accounting conventions, appreciate measurement for efficiency, profitability and solvency, and the different demands made by different stakeholders. Learners will gain understanding of financial commentary.
Scenario or vocational context
You have just been appointed in a new company as a Financial Director (choose an organization of your choice or preferably your own place of work), during the first meeting with the Chief Executive Officer (CEO), he explained to you that the structure of the company is very strong. The company is, at the moment, at the financial planning stage where you, as the Financial Director, have to submit a report on the Financial awareness that will be most beneficial for the company in the current climate.
You are asked to write clear, concise, and accurate notes on the following 3 tasks in the form of a report. It requires that you give definitions; critical analysis; identification of theories and practical examples where possible.
Your report should include all the answers of Task 1, Task 2 & Task 3 questions.
Task 1 (this provides evidence for 1.1, 1.2)
1.1. Discuss the need for financial information, its purpose, limitations and the main stakeholders interested in the information.
1.2. Identify accounting arrangements and conventions used by organizations.
Task 2 (this provides evidence for 2.1, 2.2, 2.3)
2.1. Explain how accounting frameworks and regulation influence accounting and financial arrangements. 2.2. Explain the uses of published financial information. 2.3. Explain how an organization uses management accounting practices.
Task 3 (this provides evidence for 3.1, 3.2)
3.1. Explain the main items commented on and explain their importance. 3.2. Identify trends in published accounting information.
Note: For Severn Business College Use Only 3 | P a g e
What you must hand in for assessment
Task 1: Report
Task 2: Report
Task 3: Report
Submission Guidelines
Assignment must include: Assignment Front Sheet (filled assignment front sheet & filled evidence page number) + Assignment (answers to all assessment criteria and properly numbered) + Plagiarism Report (submit plagiarism report) + Declaration Form (student declaration and result form)
Title Unit Name and Course Name. Presenter’s information Full Name & Student Reference Number. Submission Deadline Assignment Length No restriction on the word limit (suggested 5000 words)
Methodology
The student needs to demonstrate an awareness of the methodological tools in the form of documented process that contains procedures, definitions and explanations of techniques used to collect, store, analyze and present information. It may be that qualitative methods, including the analysis of interviews, are appropriate. Alternatively the student’s approach may involve forecasting or statistical, financial or econometric modelling. In other cases the student may be combining methodologies as his/her research is basically the analysis of the principles of methods, rules, and postulates employed by a discipline. Basically, the student needs to specify the approach he/she feels will be most appropriate.
Bibliography/ References
Please list down “works cited” within the framework of an enumerative bibliography — a list of references to key articles and texts. Verify each reference carefully; the references must correspond to the citations in the text. The list of references should start on a new page and be listed alphabetically by the last name of the author(s) and then by year, chronologically. Only the first author’s name is inverted. List all authors’ full names and avoid using et al. The name of each author and the title of the citation should be exactly as it appears in the original work.
Tables/Charts
Make sure all tables and charts are referenced in the text. Give each table and chart a title and number consecutive with the order it is mentioned in the text. Notes for tables and charts are independent of Notes in the rest of the paper and should be ordered using lowercase letters, beginning with the letter a (including the Source note, which should be listed first). The sequence runs from left to right, top to bottom. The order of the notes as they appear below the tables or charts are (1) Source, (2) general notes to the table or chart, if any and (3) letter notes.
Times scale/Research
Please follow the timetable on moodle. Since each student is encouraged to develop his/her own timescale the effort at the Assessor/ Faculty level is to subject them to
Note: For Severn Business College Use Only 4 | P a g e
Planning random periodical checks in the view of their submission deadline. Style Sheet Harvard Reference /APA/ Chicago Manual of Style/ MLA Handbook
Formatting
Use Microsoft Word and keep your formatting very simple. Single/double-spaced, semi-block or full-block lay-out 12 Arial/Times Roman (Italicize or boldface wherever necessary)
Biographical notes
If possible, please explain your background and credentials as it relates to the work you are presenting on. This is not a request for your résumé.
Additional Details
For specific questions on formatting, use the APA/ Chicago Manual of Style/ MLA Handbook as a guide for notes, citations, references, and table presentation.
Supplementary Text and Reading:
Kelly M., Williams M., (2015) BUSN 7, Accounting: Decisions by the Number, Chapter 8, Cengage Atrill P and McLaney E (2012) Accounting an Introduction 6e, Pearson Education Bamber, M., Parry, S., Accounting and finance for Managers, Kogan , 2014 Weetman, P., (2013) Financial and management accounting, 6th ed Edition, Pearson. Holmes, G., Sugden, A., Gee, P., Holmes, G., (2008) Interpreting company reports and accounts, 10th Edition, Financial Times Prentice Hall Elliott, B., Elliott, J., (2015) Financial accounting and reporting, 17th edition Edition, Pearson, 2015
Checklist
Your assignment must be handed in with a Declaration Form (student declaration and result form).
Your work must be referenced and any quotations clearly sources. Assignment must be hand in with a Plagiarism Report.
All Assessment Criteria must be answered and properly numbered. You must hand in your own work for assessment for all task.
You must include an Assignment Front Sheet (filled assignment front sheet and filled evidence page number).
