Managing Financial Resources and Decision

Managing Financial Resources and Decision;

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
1 of 1
Module leader
Mr Asare Amaning
Managing Financial Resources and Decisions
Objectives Of A Firm
Student name
Assessor (receiving the
Issue date
1st February 2014
Written Work:
2-7 June 2014
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 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
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
Submission dates TBA
Assignment Brief – continued
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
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
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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
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
Evidence checklist
We need to see:
Check this carefully to make
sure you hand in the right work
4 answers in essay format
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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.
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.
Study these
criteria carefully
to choose your
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
LO1. Understand the sources of
finance available to a business
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
using relevant information
3.3 assess the viability of a project using investment appraisal
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
types of business relative to the travel and tourism business
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Assignment Brief – continued
4.3 interpret financial statements using appropriate ratios and
comparisons, both internal and external.
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Assignment Brief – continued
Merit and distinction assessment criteria (contextualized)
Identify and evaluate
appropriate sources of
Finance for business
Select/design and
apply appropriate
Present and
appropriate findings
Use critical reflection to
evaluate own work and
justify valid conclusions
Take responsibility for
managing and
organising activities
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
Appropriate evaluation resource requirement to implement the new
Professor Nurun Nabi
5/02/ 2014
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.
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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
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