Managing Financial Resources and Decisions
ASSIGNMENT:Managing Financial Resources and Decisions
1. Carry Out an Investment Appraisal Part 2
Produce a report to present to the Finance Director of your chosen company. The report must be written in professional manner and properly referenced. The report should comply with the word count of 3000 with +/- 10% margin. You may use tables and diagrams to support your report to illustrate the text. Word count excludes the index, headings, information contained in tables, references and bibliography.
Assessment Type: Individual
Taking in to consideration the sources for your chosen organisation you have identified in your first report, produce an Investment Appraisal is to decide on whether a particular Investment is beneficial or detrimental to the company’s future. In your report,
? Explain the importance of financial planning and assess the information needs of different decision makers (LO 2.2, 2.3)
? Evaluate the appropriateness of the sources of finance for a Business Project (LO 1.3)
? explain the impact of finance on the financial statements (LO 2.4)
? To choose investment options and design their appropriate costing discuss the main financial statements and compare appropriate formats of financial statements for different types of business (LO 4.1, 4.2)
? Interpret financial statements using appropriate ratios and comparisons, both internal and external. Consider the Payback Method, The Accounting Rate of Return and theDiscounted Cash flow. (LO 4.3) Comment on which method you feel is most appropriate and analyse the implications behind your final decision on which Investment proposal to follow.
? Analyse a suitable budget and make appropriate decisions. Explain the budget and the pricing of the product using the calculation of unit costs (3.1, 3.2)
? Assess and evaluate the assess the viability of a project using investment appraisal techniques (LO 3.3)
Note: It is important that students chose a company which they can obtain financial data. You must reference the sources of information and must not create figures to justify reasons.
P1-P13 Pass Criteria M1-M3 Merit Criteria D1-D3 Distinction Criteria
To Achieve a Pass
To gain a pass grade you must attempt all three assignments and you must satisfy the pass criteria as outlined below.
LO 1.1 identify the sources of finance available to a business (P1)
LO 1.2 assess the implications of the different sources (P2)
LO 1.3 evaluate appropriate sources of finance for a business project (P3)
LO 2.1 analyse the costs of different sources of finance (P4)
LO 2.2 explain the importance of financial planning (P5)
LO 2.3 assess the information needs of different decision makers (P6)
LO 2.4 explain the impact of finance on the financial statements (P7)
LO 3.1 analyse budgets and make appropriate decisions (P8)
LO 3.2 explain the calculation of unit costs and make pricing decisions using relevant information (P9)
LO 3.3 assess the viability of a project using investment appraisal techniques (P10)
LO 4.1 discuss the main financial statements (P11)
LO 4.2 compare appropriate formats of financial statements for different types of business (P12) LO 4.3 interpret financial statements using appropriate ratios and comparisons, both internal and external (P13)
Support materials Textbooks
Cox D and Fardon M — Management of Finance (Osborne Books, 2003) ISBN: 1872962238
Dyson J R — Accounting for Non-Accounting Learners (Pitman, 2003) ISBN: 0273646834
Journals and newspapers
The financial and mainstream press can provide useful background reading, and can also be a useful source of case studies and financial information. Copies of published financial reports are available from companies themselves, or via The Financial Times (a free online ordering service is available).
The professional accounting bodies all have websites with lots of useful information and links. The Financial Times website includes a free service providing copies of financial reports. Biz/ed provides a wealth of useful resources aimed at learners and teachers.
www.aat.co.uk www.accountingtechnician.co.uk www.bized.ac.uk
The Association of Accounting Technicians
Accounting Technician magazine
provides case studies appropriate for educational
The Financial Times
To Achieve a Merit
To gain a merit grade you must achieve all the pass criteria and in addition you must satisfy the criteria as outlined below.
Identify and apply strategies to find appropriate solutions through effective judgement (M1) Select/design and apply appropriate methods/techniques. You are judged on the application
of relevant theories and techniques and the justification for their application (M2)
Present and communicate appropriate findings. This includes the use the appropriate structure and approach with coherent, logical development of principles/concepts for the intended audience (M3)
To Achieve a Distinction
To gain a Distinction grade you must achieve all the pass criteria and all the merit criteria and in addition you must satisfy the criteria as outlined below.
Use critical reflection to evaluate own work and justify valid conclusions including realistic improvements which have been proposed against defined characteristics for success. (D1)
Demonstrate convergent / lateral/creative thinking by showing evidence on receptiveness to new ideas and effective thinking in unfamiliar contexts. (D2)
Take responsibility for managing and organising activities including accommodating the unforeseen and recognising the importance of interdependence. (D3)
Your subject tutor will be able to give you general guidance and feedback on improving your work however it is your responsibility to seek feedback from the subject tutors on the above criteria for you to achieve the intended grades.
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