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Assignment front sheet
Qualification | Unit number and title | ||
PearsonBTEC Level 5 HND Diploma Business | Unit 2: Managing Financial Resources andDecisions | ||
Student name | Assessor name | ||
MOUROUHAN ARIFOGLU | |||
Date issued | Completion date | Submitted on | |
24thFebruary 2014 | 20th June 2014 | ||
Assignment title | MANAGING FINANCE | ||
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Learning Outcome |
Learning outcome |
Assessment Criteria |
In this assessment you will have the opportunity to present evidence that shows you are able to: |
Task no. |
Evidence (Page no) |
LO1 | Understand the sources of finance
available to a business |
1.1 | identify the sources of finance available to a business |
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1.2 | assess the implications of the different sources |
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1.3 | evaluate appropriate sources of finance for a business project |
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LO2
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Understand the
implications of finance as a resource within a business |
2.1 | analyse the costs of different sources of
finance |
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2.2 | explain the importance of financial planning |
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2.3 | assess the information needs of different
decision makers |
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2.4 | explain the impact of finance on the financial statements |
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LO3 | Be able to make
financial decisions based on financial information |
3.1 | analyse budgets and make appropriate
decisions |
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3.2 | explain the calculation of unit costs and make pricing decisions using relevant information |
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3.3 | assess the viability of a project using
investment appraisal techniques |
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LO4 | Be able to evaluate the
financial performance of a business |
4.1 | discuss the main financial statements |
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4.2 | compare appropriate formats of financial
statements for different types of business |
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4.3 | interpret financial statements using
appropriate ratios and comparisons, both internal and external. |
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Learner declaration |
I certify that the work submitted for this assignment is my own and research sources are fully acknowledged.
Student signature: Date: |
In addition to the above PASS criteria, this assignment gives you the opportunity to submit evidence in order to achieve the following MERIT and DISTINCTION grades |
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Grade Descriptor |
Indicative characteristic/s |
Contextualisation |
M1Identify and apply strategies to find appropriate solutions |
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To achieve MI, have effective judgements and approach to study and research to identify and explain the sources of finance available to a business and implications of finance as a resource within a business. Part A Task |
M2 Select / design and apply appropriate methods / techniques |
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To achieve M2,apply range of methods and techniques and justify the methods and techniques to make financial decisions based on financial information and evaluate the financial performance of a business..Part BTask |
M3 Present and communicate appropriate findings |
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To achieve M3, you need to demonstrate coherent and logical development of principles and concepts and use appropriate structure and approach to make financial decisions based on financial information and evaluate the financial performance of a business.Part BTask |
D1 Use critical reflection to evaluate own work and justify valid conclusions |
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To achieve D1,justify conclusions through synthesis of ideas to identify and explainthe sources of finance available to a business and implications of finance as a resource within a business.
Part A Task |
D2 Take responsibility for managing and organising activities |
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To achieve D2, manage activities through properly planning and organizing to make financial decisions based on financial information and evaluate the financial performance of a business.
Part B Task |
D3 Demonstrate convergent /lateral / creative thinking |
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To achieve D3, demonstrate receptiveness to new ideas and take decisions to identify and explain the sources of finance available to a business and implications of finance as a resource within a business.Part A Task |
Assignment brief | |||||
Unit number and title | Unit 2: Managing Financial Resources and Decisions | ||||
Qualification | Pearson BTEC Level 5 HND Diploma in Business | ||||
Start date | 24th February 2014 | ||||
Deadline/hand-in | 20th June 2014 | ||||
Assessor | |||||
Assignment title | Managing Finance-Part 1 | ||||
Purpose of this assignment
For this assignment you need to produce a report. You are required to explain sources of finance available to a business and the implications of finance as a resource on the chosen organisation.
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Scenario:
Following a strategic review, as a newly appointed Finance Manager, you are required to produce a report to present to the Finance Director of your chosen company. |
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Task (LO 1.1,1.2,1.3,2.1,2.2,2.3,2.4) M1,D1,D3
Prepare a report and focus on sources of finance available to the business and discuss internal and external sourcesseparately. Assess the positive and negative implication of the different sources of financeidentified. Select a project that is typical to your organisationthen identify and discuss various sources of finance appropriate for that business project. You need research the costs of each of sources of finance you have identified.
Also, discuss the importance of financial planning and give detail of howthis financial planning undertaken. You also need to identify the information needs of internal and external decision makers.Finally, describe how different sources of finance identified can influence the appearance of the financial statements.
To achieve MI, have effective judgements and approach to study and research to identify and explain the sources of finance available to a business and implications of finance as a resource within a business
To achieve D1,justify conclusions through synthesis of ideas to to identify and explain the sources of finance available to a business and implications of finance as a resource within a business
To achieve D3, demonstrate receptiveness to new ideas and take decisions to identify and explain the sources of finance available to a business and implications of finance as a resource within a business
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Evidence checklist |
Summary of evidence required by student |
Evidence presented |
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Part A Task | A report that demonstrates the understanding for the sources of finance available to a business and the implications of finance as a resource within a business .The report must be written in professional manner and properly referenced. The report should comply with the word count of 2000 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. | ||||
Assignment brief Part B | |||||
Unit number and title | Unit 2: Managing Financial Resources and Decisions | ||||
Qualification | Pearson BTEC Level 5 HND Diploma in Business | ||||
Start date | 24th February 2014 | ||||
Deadline/hand-in | 20th June 2014 | ||||
Assessor | |||||
Assignment title | Managing Finance-Part 2 | ||||
Purpose of this assignment
For this assignment you need to produce a report. You are required to make financial decisions based on financial information and evaluate the financial performance of a business |
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Scenario:
Taking in to consideration the sources for your chosen organisation you have identified in your first report, produce an Investment Appraisal to decide on whether a particular investment is beneficial or detrimental to the company’s future and evaluate the financial performance of a business. |
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Task (LO 3:3.1, 3.2, 3.3, LO 4:4.1,4.2,4.3) M2, M3, D2
You need to analyse a suitable budget period at least six months and comment on performance and the behaviour over that that period .Also comment on what action should have been taken.
You need to give the formula and explain the link between unit costs and selling price decisions using relevantexample. Also explain the importance of information on fixed cost, variable cost and break even point.In addition, assess andevaluate the viability of a project using different investment appraisaltechniquesto ensure project is properly funded and it will be profitable.
You need to discuss the main financial statements by explaining what they contain, their purposes Andwho makes use of them. Describe and compare the formats (structure, content, detail) of main financial statements for different types of business.
Analyse three consecutive years of financial statements of your chosen organisation by using appropriate ratios and comparisons , (both internal and external)
To achieve M2, apply range of methods and techniques and justify the methods and techniques to make financial decisions based on financial information and evaluate the financial performance of a business.
To achieve M3, you need to demonstrate coherent and logical development of principles and concepts and use appropriate structure and approach to make financial decisions based on financial information and evaluate the financial performance of a business.
To achieve D2, manage activities through properly planning and organizing to make financial decisions based on financial information and evaluate the financial performance of a business.
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Evidence checklist |
Summary of evidence required by student |
Evidence presented |
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Part B Task | Develop a report to make financial decisions based on financial informationand evaluates the financial performance of a business. The report must be written in professional manner and properly referenced. The report should comply with the word count of 1500 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. | ||||
Achievement Summary
Qualification |
Pearson BTEC Level 5 HND Diploma in Business |
Assessor name |
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Unit Number and title |
Unit 2: Managing Financial Resources and Decisions |
Student name |
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Criteria Reference |
To achieve the criteria the evidence must show that the student is able to: |
Achieved? (tick) |
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LO 1 |
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1.1 |
identify the sources of finance available to a business | |||||||
1.2
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assess the implications of the different sources | |||||||
1.3 |
evaluate appropriate sources of finance for a business project | |||||||
LO 2 |
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2.1
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analyse the costs of different sources of finance | |||||||
2.2
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explain the importance of financial planning | |||||||
2.3
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assess the information needs of different decision makers | |||||||
2.4 |
explain the impact of finance on the financial statements | |||||||
LO 3 |
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3.1 |
analyse budgets and make appropriate decisions | |||||||
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 techniques | |||||||
LO 4 |
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4.1 |
discuss the main financial statements | |||||||
4.2 |
compare appropriate formats of financial statements for different types of business | |||||||
4.3 |
interpret financial statements using appropriate ratios and comparisons, both internal and external | |||||||
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Higher Grade achievements (where applicable)
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Grade descriptor
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Achieved? (tick) |
Grade descriptor |
Achieved? (tick) |
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M1: Identify and apply strategies to find appropriate solutions
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D1: Use critical reflection to evaluate own work and justify valid conclusions |
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M2: Select/design and apply appropriate methods/techniques
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D2: Take responsibility for managing and organising activities | |||||||
M3: Present and communicate appropriate findings
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D3: Demonstrate convergent/lateral /creative thinking | |||||||
Assignment Feedback
Formative Feedback: Assessor to Student
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Action Plan
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Summative feedback
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Feedback: Student to Assessor
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Assessor Signature
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Date |
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Student Signature
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Date |
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