Accounting Mastery Assignment 5000 Words

5000 words:

ACCOUNTING FOR NEXT GENERATION LEADERS




Module description
This module aims to provide next-generation leaders with a level of practical understanding that can be used in the workplace by covering a range of key areas in financial accounting, management accounting and finance in general. The module covers analysis and interpretation of financial statements of contemporary firms, cost classification, investment appraisal and budgeting affecting the financial behaviour of an organization.


Module Learning Outcomes

LO.1 Critically analyse Financial Accounting Principles to measure Bottom Line impact and develop competitive strategies.
LO.2 Critique the relevance and significance of Budgeting Process, Techniques and Methods in driving Organizational Performance.
LO.3 Evaluate Financial Statements and business performance using Ratio Analysis.
LO.4 Evaluate investment appraisal techniques to support decision-making.

Expectations

1. Materials Access
All learning materials are provided in the form of a module kit and can be accessed from the Learning Management system (LMS)

2. Learning Hours
Students need to be aware of their commitment requirements in regard to study time. In order to give you an indication of that, we have based the following information on the United Kingdom (UK) Higher Education Quality Assurance Agency guidelines. “The notional learning hours associated with qualifications, programmes and individual units of study are based on a broad agreement across institutions that students can expect to spend 10 hours learning on average in order to gain one academic credit unit” (QAA 2006).


3. Re-sit
If you do not secure a pass, please read closely the feedback and speak with your Course leader(s) or faculty. After consulting the feedback, close attention is essential to rework on the areas of weakness, and then resubmit the work at the next opportunity. As per the QAA requirements, only one REDO is allowed where the marks will be capped at a Pass.

4. Plagiarism
All forms of plagiarism are taken seriously, and any suspected cases will be investigated thoroughly. If a case is found proven then the work will be graded as a fail and the case will be reviewed by the academic committee.


5. Student appeals
There are no re-evaluations as the marks are graded and internally verified before release. However, as per our appeals policy, a student can make an appeal to the course leader which will be then reviewed by the academic committee (please check our academic policies and procedures manual for more information)

6. Assignment submission extensions
Students can apply for extensions via the LMS based on extenuating circumstances (if any) with evidence (proof) as per our extensions policy







General Guidelines

1. Complete the ‘ To be filled by the student section’ in the cover page
2. All assignments must be submitted as an electronic document in MS word via the LMS (Use 12 Times New Roman script with 1.5 spacing between lines)
3. The results are declared only if the student has met the mandatory attendance requirement of 75% and/or minimum 50 % under extenuating circumstances approved and ratified by the academic committee and the examination board
4. The assignment should not contain any contents with references cited from websites such as ukessays.com, styudymode.com, slideshare.net, scribd.com, Wikipedia but should contain references/citations from credible academic journal and articles.
5. Submit the assignment in MS word document with the file name being:
First Name Last Name _ Module Code
Example: John Smith_GM701





Checklist

Your assignment should meet the following requirements.
Please confirm this by ticking  the boxes before submitting your assignment

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I have filled the student Information columns above.
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The contents of my assignment have been submitted to Turnitin and I have attached the Turnitin report
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I have strictly followed Harvard Referencing Style and Citations.
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I acknowledge and adhere to the institution's AI Policy Statement, ensuring the ethical and responsible use of AI tools, and confirm that all my submissions will reflect originality and integrity.
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I declare that all websites and AI tools utilized during the preparation of this assignment comply with the AI Policy.


Ensure that there is a minimum of 12 academic articles correctly referenced including the intext citations in your assignment.

Assignment Task: Read the following Scenario and prepare a Formal Business & Financial Review Document with the guidelines provided.

Assignment – 100 Marks [6000 Words ( +/- 10%)

Scenario:

The assignment below will help you to review and critically analyse financial and management accounting principles, relevant accounting standards/ policies applicable, and apply the relevant knowledge to evaluate the overall business and management performance based on the current complex, volatile, competitive and uncertain economic/business environment by reviewing associated implications [restructuring, consolidation, acquisitions, cost management strategies, disposal of assets, innovations & impact of technological disruptions] within businesses.

You are required to present a Formal Business & Financial Review Document, that would contain a neatly designed Table of Contents to capture the main and sub-topics in an orderly fashion which should adhere to meeting the assessment standards and grading criterion:
Introduction: Choose a public listed corporation related to your current work domain or preferred area of industry. This section would require candidates to research relevant financial and operational performance of the organization by reviewing and understanding the 2018 & 2019 Annual Reports on the chosen public listed company. The facts and figures will help the candidate to answer below questions, and validate with relevant statistics.

1. Introduce the organization in the context of prevailing macro-economic and business conditions by discussing the vision, mission and planning strategies of the company. For the chosen organizations, evaluate the financial and operational performance of the organizations by reviewing the company’s annual performance (read through annual report for the year 2020 and 2021 for specific data) [10 marks].

2. Application of theory to practice [600 to 1200 words]: Demonstrate meaningful understanding of accounting policies and accounting standards and policies by critically reviewing academic and non-academic literature pertaining to its implications on the financial and macro-environment. Critically debate the use/ misuse of financial data in the practice of management accounting and financial accounting. With respect to Accounting Standard, students are required to present arguments and provide a meaningful explanation of Accounting Standards.

Discuss as how a plan and execution can lead to effective financial management in the chosen company. [25 marks].

3. Ratio Analysis & Financial Interpretations [2000 words]: For the question below, in addition to the chosen organization above, also select a competitor organization for the chosen company. Financial data for FY 2018 and 2019 for both the organizations will be used here.
Calculate two ratios each for liquidity, profitability, activity, capital structure and growth which should be critically interpreted and evaluated by comparing each ratio between the chosen and the competitor organization. Interpret each calculated ratio for both the organizations and comment on their business performance.
The interpretation should be supported with the critical analysis of the macro developments with impact of external operating environment on the performance of the organizations. Evaluate and recommend future strategies which will improve organizational sustainability. [25 marks].
4. Literature Review on Budgeting Practices [1700 words]: Carry out a critical analysis which exhibits a suitable understanding of current issues/concepts that are relevant for investigating existing practices of ‘Traditional Budgets’ versus ‘Modern Age’ types of alternative budgeting and techniques in large corporations.
Identify & contextualize budgeting approaches which lead to enhancing operational performance by linking these to the overall operational strategies & decision-making within large corporations.
Also, necessary critical debates must be produced to review the impact of ‘smarter’ technologies in the overall budgeting processes when examining forecasting and management control processes. [25 marks].
5. Investment Appraisal Techniques [700 words]: If you were a Director of a public listed company and had to present a significantly high value capital expenditure proposal to the CEO, how would you critically evaluate investment appraisal techniques that remain important when seeking an approval from the CEO.
Any capital expenditure involves protecting shareholder interests & maintaining a careful balance between risk and rewards, using the concept of ‘time value of money’, to study the impact of choices between discounted cash flows and non-discounted cash flow methods. Conduct a discounted and non-discounted cash flow analysis.
You are required to apply necessary knowledge and understanding when examining investment appraisal techniques to suggest, recommend and evaluate at least two popular investment appraisal techniques that can be used & considered by managers/decision-makers in the light of dynamic business & economic conditions. Examples can be used to support the explanations. [15 marks].

6. Presentation & References: You should present the whole document in methodical manner and should remain aligned to appropriately demonstrate correct application of the Harvard Referencing System (HRS).