Accounting in Context and Budgetary Control Assignment 2022

Higher Nationals
Assignment Brief – BTEC (RQF) Higher National Diploma
in Business (Business Management)
Student Name /ID Number Nguyen Quoc Anh – Harry
Unit Number and Title Unit 5: Accounting Principles
Academic Year 2021/2022
Unit Assessor Nguyen Lan Phuong & Ha Phuoc Vu
Assignment Number and
Title
Accounting in Context and Budgetary Control (1 of 2)
Issue Date 25 November 2021
Submission Date 19 December 2021
IV Name
Date
Submission Format:
The submission is in the form of a portfolio of evidence compiled from the evidence produced for two
assignments that include the following.
A blog that should make use of headings, sub-sections, columns and appropriate business- related images
and illustrations. This format offers the opportunity to present academic and theoretical information in a
practical, contextualised and creatively written way. The recommended word limit for the case study is
1,500–2,000 words, although you will not be penalised for going under or exceeding the total word limit. All
work must be supported with research and referenced correctly using the Harvard referencing system (or
alternative referencing system). You will need to provide a bibliography using the Harvard referencing
system (or an alternative referencing system). Inaccurate use of referencing may lead to issues of
plagiarism if not applied correctly.
You will also submit a memorandum with an accompanying Excel spreadsheet (raw data will be
supplied by your tutor). You will insert sections of your spreadsheet into the memorandum. The
recommended word limit for the memorandum is 1,000–1,500 words, although you will not be
penalised for going under or exceeding the total word limit. Referencing for both submissions should
use the Harvard system (or an alternative system).

Unit Learning Outcomes:
LO1 Examine the context and purpose of accounting.
LO4 Prepare budgets for planning, control and decision making using spreadsheets.
Transferable skills and competencies developed
• Reasoning and analytical skills
• Written communication using a range of media
• Manipulation and interpretation of data using spreadsheets
• Effective communication of relevant information across the organisation and to appropriate
stakeholders
• Creation and interpretation of information, showing how that information can be used most
effectively to add value to an organisation.
Vocational scenario
Organisation
Deloitte is a multinational professional service company that undertakes extensive business consultancy
work for their client base. They have a central London head office and regional offices in the UK in
Birmingham and Southampton. Last year, the group turnover was £200 m with 25 per cent deriving from
non-UK markets, principally in Southeast Asia. They have a small regional office in Vietnam. The firm
also has a policy of taking on smaller niche clients, where they feel there is potential for fast growth.
Role
You have recently joined the firm as a Graduate Trainee attached to their UK SME (Small and Medium
Enterprises) Unit, offering accountancy and financial services to businesses that typically have a turnover
ranging from £0.5 m to £15 m. As part of your ongoing training, you have been asked to undertake some
activities.
Assignment activity and guidance

Your supervisor, one of the firm’s Key Account Managers, has asked you to prepare a blog that will be
used to market and promote its accounting services to new and existing clients. The working title you
have been given for the blog is ‘The role of accounting in an organisation’. The blog must be presented
as an online blog in an engaging and practical way, covering relevant academic theory, making use of,
for example, headings, images and illustrations. Your blog should include the following, but is not limited
to:
• the purpose and scope of accounting in complex operating environments
• a critical evaluation of the accounting function in informing decision making and meeting
stakeholder and societal needs and expectations
• the main branches of accounting and job skillsets and competencies
• accounting systems and the role of technology in modern-day accounting
• issues of ethics, regulation and compliance and the extent to which they are constraints or threats
to the organisation.
Having completed the first activity, you have now been asked to work with a hospitality and catering
startup business that your firm has just taken on as a client. The business is particularly in need of
support and guidance with budgeting and how it can be used to inform efficient resource allocation and
support effective control and decision making.
The founder of the business is investing £100,000 of their own capital and has also secured a business
loan of £50,000.
(Note: students are to be provided with raw budget data in spreadsheet format, which they will then
manipulate and model.)
You have been asked to prepare a memorandum that includes the following.
Production of a 12-month cash budget that makes use of variance analysis to show the
impact of the different individual scenarios below:
1. discounting prices by 20 per cent, which in turn increases sales volume per month by 10 per cent
2. increasing the marketing budget by 10 per cent per month, which in turn generates an additional
20 per cent in sales revenue
3. offering suppliers one-month’s trade credit
4. reducing rental/property related costs by 15 per cent per month.
• An evaluation of the role that budgets play in the effective planning and control of resources in an
organisation such as your client’s. This will include both benefits and any limitations of using
budgets and the extent to which they can help identify problems and corrective actions.
• An outline of a range of budgetary control solutions, with justification, to support organisation
decision making and ensure efficient and effective deployment of resources.
Recommended Resources
Please note that the resources listed are examples for you to use as a starting point in your research –
the list is not definitive.

Weblinks
Accounting Coach courses. Available at:
https://www.accountingcoach.com/accounting-basics/explanation
The Association of Chartered Certified Accountants ACCA). Available at: https://www.
accaglobal.com/gb/en.html
Chartered Institute of Management Accountants. Available at: https://www.cimaglobal.
com/
Indeed Career Guide to Memo Writing. Available at:
https://www.indeed.com/career-advice/careerdevelopment/memo-writing-guide
HubSpot. How to write a memo: Templates & examples. Available at: https://blog.hubspot.
com/marketing/how-write-memo
HN Global
HN Global (2021) Reading Lists. Available at: https://hnglobal.highernationals.com/learningzone/
reading-lists
HN Global (2021) Student Resource Library. Available at: https://hnglobal.highernationals.
com/subjects/resource-libraries
HN Global (2021) Textbooks. Available at: https://hnglobal.highernationals.com/textbooks
Textbooks
Dyson, J R - Accounting for non-accounting students, 8th Edition (Pearson Education, 2010)
Dyson, J R & Ellie, F - Accounting for non-accounting students, 10th Edition (Pearson Education, 2020).
Atrill, P. & McLaney, E. (2018) - Accounting and Finance for Non-Specialists. 11th Ed. Harlow: Pearson
Brewer, P C; Garrison, R H; Noreen, E W – Introduction to Managerial Accounting, 5th Edition
(Mcgraw-Hill Irwin, 2010)
Pearson Education 2021
Higher Education Qualifications
Assignment Brief
Learning Outcomes and Assessment Criteria
Pass Merit Distinction
LO1 Examine the context and purpose of accounting
Pearson Education 2021
Higher Education Qualifications
Assignment Brief

D1 Critically evaluate the role of
accounting in informing decision
making to meet organisational,
stakeholder and societal needs
within complex operating
environments.
P1 Examine the purpose of the
accounting function within an
organisation.
P2 Assess the accounting
function within the organisation
in the context of regulatory and
ethical constraints.
M1 Evaluate the context and
purpose of the accounting function
in meeting organisational,
stakeholder and societal needs and
expetations.
LO4 Prepare budgets for planning, control and decision making using spreadsheets
P6 Prepare a cash budget
from given data for an
organisation using a
spreadsheet.
P7 Discuss the benefits and
limitations of budgets and
budgetary planning, and control
for an organisation.
M4 Identify corrective actions to
problems revealed by budgetary
planning and control for effective
organisational decision making.
D3 Justify budgetary control
solutions and their impact on
organisational decision making
to ensure efficient and effective
deployment of resources.

Higher Nationals RQF
STUDENT ASSESSMENT SUBMISSION AND DECLARATION
When submitting evidence for assessment, each student must sign a declaration confirming that the work is their own.
Student name:
Nguyen Quoc Anh – Harry
Assessor name:
Ms Lan Phuong
Issue date:
25 November, 2021
Submission date:
19 December, 2021
Submitted on:
19 December, 2021
Programme:
Pearson BTEC Level 5 Higher National Diploma in Business (Business Management)
Unit:
Unit 5: Accounting Principle
Assignment number and title:
AP1: Accounting in Context and Budgetary Control (1 of 2)
Plagiarism
Plagiarism is a particular form of cheating. Plagiarism must be avoided at all costs and students who break the rules, however
innocently, may be penalised. It is your responsibility to ensure that you understand correct referencing practices. As a university
level student, you are expected to use appropriate references throughout and keep carefully detailed notes of all your sources of
materialsfor material you have used in your work, including any material downloaded from the Internet. Please consult the
relevant unit lecturer or your course tutor if you need any further advice.
Student Declaration
Student declaration
I certify that the assignment submission is entirely my own work and I fully understand the consequences of plagiarism. I
understand that making a false declaration is a form of malpractice.
Student signature: Nguyen Quoc Anh Date: 19 December, 2021
Higher Nationals RQF
Pearson Education
Higher Education QualificationsPearson Education
Higher Education Qualifications

Resubmission Feedback:
Grade: Assessor Signature: Date:
Internal Verifier’s Comments:
Signature & Date:
Feedback: Student to Assessor
Signature & Date:
* Please note that grade decisions are provisional. They are only confirmed once internal and external moderation has taken place
and grades decisions have been agreed at the assessment board.

Submission author:
Assignment title:
Submission title:
File name:
File size:
Page count:
Word count:
Character count:
Submission date:
Submission ID:
Digital Receipt
This receipt acknowledges that Turnitin received your paper. Below you will find the receipt
information regarding your submission.
The first page of your submissions is displayed below.
Nguyen Quoc Anh
Assignment 1
ap
AP_Assignment_1_QuocAnh_Harry_QT20-_g_p.pdf
3.27 M
41
7,362
44,418
25- Dec-2021 07:49PM (UTC +0700)
1734664279
Copyright 2021 Turnitin. All rights reserved.