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7AC002 Accounting and Financial Management:UWBS038g Assessment Briefing

7AC002 Accounting and Financial Management:UWBS038g Assessment Briefing Module assessment detail (approved at validation as amended by module modification)

Module code & title 7AC002 Accounting and Financial Management
  Module Learning outcomes: Tick (ü)if tested here
LO1 Analyse and interpret financial statements from the perspectives of different stakeholders  ü
LO2 Critically analyse the role and function of financial information in the management of a business  ü
LO3 Critically analyse the issues and debates concerning the financing and investment decisions of firms  ü
LO4
Assessment types Weightings (%)
Individual report  100 ü
Assessment type, weighting and LOs tested by this assessment indicated in the shaded area above by a ü Important requirements(Delete where appropriate, if other please provide detail) Mode of Working:                                 individual Presentation Format:                             report Method of Submission:                                     Paper Submission to MX student Office Mark required to pass this coursework: 50% (Complete following detail)
Hand in date& time 11th May 2016 12o’clock
Date & method by which you will receive feedback Detailed via emailGeneral feedback via in class discussion  
Resit/retrieval date 19th July 2015
Assessment limits: No more than: 6000 words, excluding appendices   
  Do clearly state your student number when submitting work but do not indicate your name. Always keep a copy of your work. Always keep a file of working papers (containing, for instance, working notes, copied journal article and early drafts of your work, etc.) that show the development of your work and the sources you have used.You may need to show this to tutor at some point so notes should be clear and written in English. This is an important requirement. There may be circumstances where it is difficult to arrive at a mark for your work. If this is so you may be asked to submit your file within 3 working days and possibly meet with your tutor to answer questions on your submission. Explanation of submission requirements and further guidance  
  • Assessmentsare subject to a word limit to ensure consistency of approach across all modules. Your work should not exceed the limit indicated (excluding references and appendices). Do not feel that you have to “achieve” this word count in your work. What is important is that the work satisfies the stated learning outcomes which are articulated through the assessment criteria (see following page).
  • Care is taken to ensure that work has been marked correctly. Checks are conducted by both a second lecturer and an independent expert from outside the University on batches of work.
  • Your work will not be returned to you but you will receive detailed feedback explaining how your mark has been arrived at and how your work could have been improved upon.
  • Always use the Harvard style referencing system. The University’s Learning Information Services have produced a series of guides covering a range of topics to support your studies and develop your academic skills including a guide to Harvard referencing http://www.wlv.ac.uk/lib/skills_for_learning/study_guides.aspx
  • Expensive or elaborate bindings and covers for submissions are not required in most instances. (Refer to guidelines however in the case of dissertations).
  • The Business School has a policy of anonymous marking of individual assessments which applies to most modules. You should not identify yourself directly in the work you submit and you may need to use phrases such as “the author of this assignment ….”in the detail of your submission.
Avoid academic misconduct Warning: Collusion, plagiarism and cheating are very serious offences that can result in a student being expelled from the University.  The Business School has a policy of actively identifying students who engage in academic misconduct of this nature and routinely applying detection techniques including the use of sophisticated software packages.
  • Avoid Collusion. The Business School encourages group working, however to avoid collusion always work on your own when completing individual assessments. Do not let fellow students have access to your work at any stage and do not be tempted to access the work of others.  Refer to your module tutor if you do not understand or you need further guidance.
  • Avoid Plagiarism. You must use available and relevant literature to demonstrate your knowledge of a subject, however to avoid plagiarism you must take great care to acknowledge it properly.Plagiarism is the act of stealing someone else’s work and passing it off as your own. This includes incorporating either unattributed direct quotation(s) or substantial paraphrasing from the work of another/others.  For this reason it is important that you cite all the sources whose work you have drawn on and reference them fully in accordance with the Harvard referencing standard. (This includes citing any work that you may have submitted yourself previously).  Extensive direct quotations in assessed work is ill advised because it represents a poor writing style, and it could lead to omission errors and a plagiarism offence could be committed accidentally.
  • Avoid the temptation to “commission” work or to cheat in other ways. There are temptations on the internet for you to take “short cuts”. Do not be tempted to either commission work to be completed on your behalf or search for completed past academic work.
When you submit your work you will be required to sign an important declaration that the submission is your own work, any material you have used has been acknowledged and referenced, you have not allowed another student to have access to your work, the work has not been submitted previously, etc.   Assessment Brief/Task The detailed requirements for this task are as follows:
There are three equally weighted parts to this assignmentPart 1 You are to select a PLC that has a listing on a recognised stock exchange of your choiceand agree this with the module tutor. You are required to produce a Financial Analysis of the company based upon the following ratios for the company for the years 2014 and 2013   Return on Capital Employed Operating Profit Margin Gross Profit Margin Gearing Interest Cover Current Ratio   (you will need to show all relevant workings and supporting documentation). Your analysis will be based upon the ratios calculated and utilising any background industry/company information you think is relevant.   Part 2 Your chosen company is seeking to purchase land and building which represents 20% of its Net Assets Employed. As accountant you are required to make a proposal as to how the company might access the finance necessary. This might be from internal or external sources but must be based upon the company performance and capital structure. You should justify your choice.   Part 3 You are to discuss the question whether the budgeting process is still fit for purpose in the modern environment?  
The following information is important when:
  • Preparing for your assessment
  • Checking your work before you submit it
  • Interpreting feedback on your work after marking.
Assessment Criteria The module Learning Outcomes tested by this assessment task are indicated on page 1. The precise criteria against which your work will be marked are as follows: The proportions of the assignment should be
  1. Comparison of company performance with industry based upon ratios calculated (33%)
  2. Justification of the choice of a type of finance based upon an analysis of the different sources of finance available to your company (33%)
  1. Analytical discussion of the relevance of the budgeting process to the current commercial and industrial environment (33%)
  Performance descriptors Performance descriptors indicate how marks will be arrived at against each of the above criteria. The descriptors indicate the likely characteristics of work that is marked within the percentage bands indicated.
Criteria Distinction 70-100% Merit 60-69% Pass 50-59%  Fail 40-49% Fail 0-39%
Financial Analysis of Company(33%) Assignment produces an excellent analysis of the company’s performance which includes relevant ratios , which have been explained as to their role, comparisons provided and proposed reasons for changes, differences with comparisons and means of improvement Assignment produces a very good analysis of the company’s performance which includes most of the relevant ratios , explanations of their roles, comparisons, proposed reasons for change, differences with comparisons and means of improvement Assignment produces an analysis of the company’s performance which is based on a sufficient number of the relevant ratios , explanations of their roles, comparisons and proposed reasons for change, differences with comparisons and means of improvement Assignment produces a limited analysis of the company’s performance which misses some of the key elements and supporting detail. Assignment produces a limited analysis of the company’s performance which misses most of the key elements and supporting detail.
Analysis and justification of the sources of finance available and how they might relate to the company’s situation (33%) Assignment produces an excellent analysis of the Sources of finance available and their relevant/appropriateness to the company. This critical analysis uses a wide range of relevant theories. Assignment makes an excellent case for the choice of finance chosen Assignment produces a thorough analysis of the Sources of finance available and their relevant/appropriateness to the company. This critical analysis uses a wide range of relevant theories. Assignment makes a robust case for the choice of finance chosen Assignment produces a good analysis of the Sources of finance available and their relevant/appropriateness to the company. This critical analysis uses a range of relevant theories. Assignment makes a solid case for the choice of finance chosen
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