ASSESSEMENT Unit: Unit 2 Managing Financial Resources and Decisions Learning Hours: 60 Hours Sel!

!"learning #ours: $0 #ours %ourse: HND &usiness Ter': Lecturer: Mrs (eri!ier: Learners Na'e Registration Nu')er Learners Declaration: * certi!+ t#at t#e ,or- su)'itted !or t#is unit is '+ o,n: Signed: Hand out Date: Su)'ission Date: T#e Follo,ing Sections to )e co'.leted )+ t#e assessor: %enter Na'e: %enter Nu')er: /lease note t#at t#e assessors signature )elo, denotes con!or'ation t#at #e0s#e #as in no ,a+ in!luenced t#e outco'e o! t#e assess'ent: Assessors Na'e: Assessors Signature: Has t#e unit )een *nternall+ (eri!ied1 Date o! 3eri!ication: *nternal 3eri!iers signature: *nternal 3eri!iers assign'ent )rie!: 20N

Unit 4utco'es 4utco'e E3idence !or t#e criteria to .ass Feed)acAssessors decision *nternal 3eri!ication

Tas-: * /5 E6.lore t#e sources o! !inance a3aila)le !or t#e )usiness /5 5" *denti!+ t#e sources o! !inance a3aila)le !or t#e )usiness /5 2 assess t#e i'.lications o! t#e di!!erent sources /5 7" select a..ro.riate sources o! !inance !or t#e )usiness .ro8ect /2 5 assess and co'.are t#e costs o! di!!erent sources o! !inance /2 2 e6.lain t#e i'.ortance o! !inancial .lanning 2 7 descri)e t#e in!or'ation needs o! di!!erent decision 'a-ers 2 : Descri)e t#e i'.act o! !inance on t#e !inancial state'ents /7 5" anal+9e )udgets and 'a-e a..ro.riate decisions /7 2" calculate unit costs and 'a-e .ricing decisions using rele3ant in!or'ation /7 7" assess t#e 3ia)ilit+ o! a .ro8ect using in3est'ent a..raisal tec#ni;ues /: 5 E6.lain t#e .ur.ose o! t#e 'ain !inancial state'ents /: 2 descri)e t#e di!!erences )et,een t#e !or'ats o! !inancial state'ents !or di!!erent t+.es o! )usiness /5 5

/5 2 /5 7

/2 Anal+9e t#e i'.lication o! !inance as a resource ,it#in t#e )usiness

/2 5

/2 2

/2 7

/2 :

/7 Ma-e !inancial decisions )ased on !inancial in!or'ation

/7 5 /7 2

/7 7

/: Anal+9e and e3aluate t#e !inancial .er!or'ance o! a )usiness

/: 5 /: 2

/: 7anal+se !inancial state'ents using a..ro.riate ratios and co'.arisons< )ot# internal and e6ternal Merit grades a,arded Distinction grades a,arded
M5 M2

/: 7

M7

D5

D2

D7

An+ ot#er co''ents:

=rade gi3en )+ t#e tutor: /ass Merit Tutors Signature: Date: *( =rading %#ec-: Agree Disagree *( signature: Date: Students !eed)ac-:

Distinction

%o''ents i! an+: Modi!+ grade to

Student Signature:

Date:

Notes: 5 Use a standard re.ort structure 2 >ord".rocess t#e re.ort 7 Use Nor'al scri.t : Use Har3ard re!erencing s+ste'

? 6 @ A

$ 50 55 52 57 5: 5?

56

/roduce an acade'ic re.ort< detailing a)o3e issues ,it# ,ord li'it o! :000 ,ords %o'.lete t#e title .age and sign t#e state'ent o! aut#enticit+ Su)'it t#e docu'ent in a !older in t#e !or' o! a !ile Su)'it t#e ,or- to Mrs Na9ia t#e ad'in o!!icer and sign t#e su)'ission !or' o! t#e college Late su)'ission ,ill )e acce.ted onl+ to .rior .er'ission ,it# a 8usti!ia)le reason Late su)'ission 'ust )e ,it# t#e late su)'ission !or' %ollusion and /lagiaris' 'ust )e a3oided Start eac# ans,er on a ne, .age Hig#lig#t eac# ;uestion clearl+ /ages s#ould )e nu')ered Assign'ent s#eet s#ould )e attac#ed in t#e !ront &i)liogra.#+ at t#e end o! t#e assign'ent All ,or- s#ould )e co'.re#ensi3el+ re!erenced and all sources 'ust )e ac-no,ledged !ull+< as )oo-s and 8ournals< ,e)sites etc"" Tr+ to gi3e t#e .age nu')ers< .u)lis#ers details and +ear o! .u)lication ,it# t#e aut#ors su..ort Use a co''on !or'at !or t#e ;uestions as - *ntroduction Banal+9e t#e ;uestion C - Under.inning Dno,ledge B,rite a)out t#e rele3ant t#eor+0.ointsC - A..lied -no,ledge - %onclusion Bsu''ari9ing t#e ,#ole scenario -ee.ing in 3ie, .ass< 'erit< distinction criteria C

Assign'ent =uidelines 5 2 7 : ? 6 T#is assign'ent is designed to #el. +ou ac#ie3e a 'erit or distinction During +ou structured *ndi3idual stud+ BS*SC < +ou are re;uired to ans,er eac# ;uestion a)o3eB4utco'es assess'ent criteriaC ,#ic# #as )een co3ered se.aratel+ in res.ecti3e lessons Re!er t#e #andouts !or )etter ideas Use t#e co'.uter to researc# reco''ended ,e)sites and ,ord .rocess +our assign'ent Follo, t#e guidelines gi3en a!ter e3er+ class and t#e tutor ti. notes Stud+ t#e 'erit and distinction descri.tors )elo, to ensure t#at +our ,or- de'onstrates co'.liance in order !or it to )e considered !or t#eir res.ecti3e a,ards

Assign'ent !or t#e .ur.ose: Mrs S Dotta ,ants to start a Su),a+ !ast !ood centre in En!ield loc- S#e a..roac#ed t#e En!ield )usiness centre to see- so'e ad3ice relating to !ranc#ising< !inancial re;uire'ents< Hr .lanning< 'ar-eting etc

S#e #as collected all t#e in!or'ation and is 3er+ co'!orta)le ,it# all t#e ot#er as.ects S#e needs so'e ad3ice relating to t#e !inancial resources and .lanning T#e Franc#ise ,it# esta)lis#'ent cost< seed ca.ital and ,or-ing ca.ital is ,or-ing to around 700000 .ounds S#e #as @0000.ounds ,it# #er !or i''ediate in3est'ent T#e )alance 270000 s#e needs to )orro,ed 2ou are t#e !inancial ad3isor !or Mrs S -otta /re.are a re.ort ans,ering t#e !ollo,ing ;ueries T#e re.ort s#ould not e6ceed :000 ,ords Tas- 5 /5 E6.lore t#e sources o! !inance a3aila)le to a )usiness 1.1 Identify the sources of finance available for the business. 1.2 Assess the implications of the different sources 1.3 Select appropriate sources of finance for the business project. Tas- 2 /2 Anal+9e t#e i'.lications o! !inance as a resource ,it#in a )usiness 2.1 Assess and compare the costs of different sources of finance. 2.2 Explain the importance of financial planning and design a financial plan for the business. 2.3 escribe the information needs of different decision ma!ers. 2." escribe the impact of finance on the projected financial statements. Tas- 7 /7 Ma-e !inancial decisions )ased on !inancial in!or'ation 7 5 #repare a budget and ma!e appropriate decisions. 3.2 $alculate %nit cost for any t&o products of your choice and ma!e pricing decisions using relevant information. 'his &ill help her to prepare the unit costs for other products. 3.3 Assess the viability of the project to her by using investment appraisal techni(ues. Tas- : /: Anal+9e and ad3ice #o, to e3aluate t#e !inancial .er!or'ance o! t#e )usiness ".1 Explain the purpose of the main financial statements ".2 Explain the purpose for choosing the format by describing the differences bet&een the formats of financial statements for different types of business ".3 Analy)e the projected financial statement using appropriate ratios and comparisons* both internal and external.

Assess'ent =rid indicating t#eir .ass< 'erit and distinction: Student Na'e: *dentit+ Nu')er: Unit: 4utco'es0criteria: *ndicati3e /ossi)le

Feed)ac-

c#aracteristics /5 Explore the sources of finance available to the business /2 Analy)e the implications of finance as a resource &ithin the business /7 +a!e financial decisions based on financial information /: Analy)e and advice ho& to evaluate the financial performance of the business Merit Descri.tion: M5 *denti!+ and a..l+ strategies to !ind a..ro.riate solutions As .er t#e assess'ent criteria s.eci!ied !or .ass Do

e3idence Tas- 5

Tas- 2

Do

Tas- 7

Do

Tas- :

M2 Select0 design and a..l+ a..ro.riate 'et#ods0 tec#ni;ues

. ,elevant theories and techni(ues have been applied. . Effective judgments have been made. . $omplex problems &ith more than one variable have been explored. . an effective approach to study and research has been used. . A range of methods and techni(ues has been applied. . A range of sources of information used. . 'he selection of methods and techni(ues justified. . $omplex information-data have been synthesi)ed and processed. .Appropriate learning methods- techni(ues applied. . Appropriate structure and approach has been used. . .ogical and coherent arguments have been presented . 'echnical language accurately used. . A range of methods of presentation has been used.

M7 /resent and co''unicate a..ro.riate !indings

. Appropriate media used. . /amiliar and unfamiliar contexts have been used. . It is appropriate for familiar and unfamiliar audiences.

Distinction Descri.tion: D5 Use critical re!lection to e3aluate o,n ,or- and 8usti!+ 3alid conclusion

D2 Ta-e res.onsi)ilit+ !or 'anaging and organi9ing acti3ities

D7 De'onstrate con3ergent< lateral and creati3e t#in-ing

. Synthesis has been used to generate and justify valid conclusions . 'he validity of results has been judged . Self0criticism of approach has ta!en place. . Evaluation has ta!en place using defined criteria . ,ealistic improvements have been proposed against defined characteristics for success. Autonomy-independence demonstrated Substantial activities-projects or investigations have been planned* managed and organi)ed. 'he unforeseen has been accommodated. 'he importance of interdependence has been recogni)ed. Ideas generate and decisions ta!en Self evaluation has ta!en place $onvergent and lateral thin!ing have been applied $apacity for innovation and creative thought has been used. ,eceptiveness to ne& ideas has demonstrated. %nfamiliar contexts have been applied.

Unit 2: Managing Financial Resources and Decisions Learning Hours: 150(60+90) Mondays: 9.30am -12.30pm Taug ! ours: 60 "emes!er: ## $on!a%! ours: 90 &T'$ Hig er (a!iona) * H1 Description of Unit

T is uni! is designed !o gi+e )earners a ,road unders!anding o- ! e .ays in . i% -inan%e is managed .i! in a ,usiness organi/a!ion. Learners .i)) )earn o. !o e+a)ua!e ! e di--eren! sour%es o- -inan%e0 %ompare ! e .ays in . i% ! ese are used and .i)) )earn o. !o use -inan%ia) in-orma!ion !o ma1e de%isions. #n%)uded .i)) ,e %onsidera!ion o- de%isions re)a!ing !o pri%ing and in+es!men!0 as .e)) as ,udge!ing. 2ina))y0 )earners .i)) )earn !e% ni3ues -or ! e e+a)ua!ion o- -inan%ia) per-orman%e. Learning outcomes 1. '4p)ore ! e sour%es o- -inan%e a+ai)a,)e !o a ,usiness 2. 5na)y/e ! e imp)i%a!ions o- -inan%e as a resour%e .i! in a ,usiness. 3. Ma1e -inan%ia) de%isions ,ased on -inan%ia) in-orma!ion 6. 5na)y/e and e+a)ua!e ! e -inan%ia) per-orman%e o- a ,usiness. Content Lesson 7)an 8a!e Ti!)e o- ! e Topi% 1. 1690190: #n!rodu%!ion 2. 2190190: Termino)ogies0 #n!rodu%!ion !o de,i!0 %redi!0 ,oo1s oprimary en!ry0 a%%oun!s and )edgers0 !ria) ,a)an%e0 -ina) a%%oun!s. 3. 2:90190: Lea+e (.i! permission) 6. 0690290: "our%es o- 2inan%e0 ;ange o- sour%es0 " or! !erm sour%es. 5. 1190290: Long !erm sour%es o- -inan%e 6. 1:90290: 5na)y/e ! e imp)i%a!ions o- -inan%e0 %os! o- di--eren! sour%es o- -inan%e <. 2590290: 2inan%ia) p)anning 0 %as ,udge!0 -un%!iona) ,udge!s0 :. 0390390: 8e%ision ma1ing0 margina) %os!ing as a !oo) o- de%ision ma1ing. 9. 1090390: $os!ing and pri%ing de%isions 10. 1<90390: #n+es!men! appraisa)= !radi!iona) me! ods 11. 2690390: 8is%oun!ing me! ods: (7>0 #;; 12. 3190390: &oo1s o- a%%oun!s0 ?ourna)0 )edger0 Tria) &a)an%e 13. 1690690: Trading a%%oun!0 pro-i! and )oss a%%oun!0 &9" 16. 2190690: $as -)o. s!a!emen!. 15. 2:90690: #n!erpre!a!ion -or di--eren! !ypes o- ,usiness. 16. 0590590: 7repara!ion -or di--eren! !ypes o- ,usiness 1<. 1290590: ;e+ision. 1:. 1990590: 7resen!a!ion 19. 2690590: 2eeda%1 20. 290690: 5ssignmen! su,mission.

"uppor! ma!eria)s Te4!,oo1s $o4 8 and 2ardon M * Managemen! o- -inan%e (@s,orne &oo1s) #"&(: 1:<296223: 8yson A ; * 5%%oun!ing -or (on- 5%%oun!ing Learners (7i!man0 2003)

Be,si!es ....aa!.%o.u1 T e 5sso%ia!ion o- 5%%oun!ing Te% ni%ians

....a%%oun!ing!e% ni%ian.%o.u1 5%%oun!ing Te% ni%ian maga/ine ....,i/ed.a%.u1 ....-!.%om 7ro+ides %ase s!udies appropria!e -or edu%a!iona) 7urpose T e 2inan%ia) Times