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FACI4024 Financial Accounting
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Coursework Assignment Brief Semester:Autumn 2016Module Code: FACI4024Module Title:Financial Accounting 1Programme:BSc (Honours) Level:4 Awarding Body: Plymouth UniversityModule Leader:Rita Davies Ukachi-LoisFormat:ReportPresentation: No Any special requirements: All work should be submitted to the Student Portal along with an acceptable Turnitin Report Word Limit: 2,000 words (with 10% plus or minus leeway)Deadline date for submission:Thursday 17 November 2016 (2 pm)Learning outcomes to be examined in this assessment:Explain the context, purpose and users of financial reporting.LO1Describe the qualitative characteristicsoffinancialinformation. LO2Percentage of marks awarded for the module:This assignment is worth 50% of the total marks for the moduleAssessment criteria:Explanatory comments on the assessment criteria Maximum marks for each section Knowledge and Understanding of Subject:Factual and conceptual knowledge and understanding; use of class materials; independent reading45%Cognitive/Intellectual Skills:Critical thinking; conceptualisation; creativity; synthesis, analysis and evaluation; application; problem solving and research/investigation.30%Graduate – Transferable, Employability and Practical Skills:Written, oral and presentation skills; interpersonal, group and teamwork skills; leadership skills; numeracy; digital skills; practical, professional and academic skills 25%Page 1 of 11
(including referencing/presentation etc.)Candidates must clearly label their ID Number on additional separate reference, formula or answer sheets. Assignment Task:You are required to research a company that would be your ideal company you would like to work for.You should write a report to the newly appointed chairperson of the companies, addressing the following issues:a)Identify six different groups of users of financial statements, who would be interested in these companies(ensure that both internal and external users are fairly represented). Provide a brief summary of these users and a brief description of the purposes for which they will use the financial statements.b)Obtain the latest five consecutive years of the published Income Statement andStatement of Financial Position (Balance Sheet) for this company; most importantly the company should be listed on the London Stock Market (these accounts should be included as an appendix to the coursework). Your analysis should include:A brief summary of the chosen company.Calculations of various ratios which will be used to analyse the company’s performance over the years, choosingat least threefrom profitability, liquidity, working capital and solvency ratio.Provide an analysis on each ratio calculated.Summarise your findings in the conclusion and make recommendations on your findings of the company’s performance.Total marks for assignment: 100Marking Scheme:What is expected within students’ answersPage 2 of 11
Ability to introduce the report, by including assignment objectives, companies selected, and financial statements obtained (the income statement and the statement of financial position should be attached in the appendices).Write a brief history of each company selected, to provide the reader with some background information about these companies.The description of the user groups and purposes for which they use the financial statements should demonstrate a clear understanding of the issues.Analysis and calculations of relevant and specific financial informationthat reflect the company’s performance from the perspective of each of the user groups identified should demonstrate the ability to relate theory to the real world. Arguments should be clearly summed up to reach a conclusion.Clear, professionalevidence of wide research should be provided.Marks AwardedIntroduction and relevance of materials10Identification of Users: Group of financial statement18Ratios: formula and calculations 16Ratio analysis – of the company(s) for the periods26Conclusion and recommendation10Presentation: Content style and originality10Clarity 5Format, referencing, bibliography 5Total marks 100Page 3 of 11
GENERIC ASSESSMENT MARKING CRITERIA LEVEL 4KNOWLEDGE & UNDERSTANDINGINTELLECTUAL & COGNITIVE SKILLSGraduate Skills: transferable, employability, practical and academic skills Factual and conceptual knowledge and understanding; use of class materials; independent reading Critical thinking; conceptualisation; creativity; synthesis, analysis and evaluation; application; problem solving and research/investigationWritten, oral and presentation skills; interpersonal, group and teamwork skills; leadership skills; numeracy; digital skills; practical, professional and academic skills (including referencing/presentation MARKINGBANDMODUL LEARNING OUTCOMESCLASSIFICATIONWEIGHTED AT 45%WEIGHTED AT 30%WEIGHTED AT 25%86 - 100%Achieved at this levelFIRST (1ST)Includes all required factual content, accurately summarised.Well developed, relevant, reasoned introduction and conclusions.Within word count or presentation time.Includes relevant factual content only.Clearly and logically structured material.Accurate spelling, grammar, punctuation, paragraphing.Accurate identification of relevant concepts, theories and/or principles, appropriate to this level.Information or data selectedfrom a good range of primary and secondary sources, and categorised, analysed or evaluated usingrelevant methods or techniques.Fluent, interesting writing style, appropriate to the assignment OR engaging, confident, audible and well-paced presentation.Excellent understanding of factual and conceptual material, relative to thislevel.Well developed, coherent arguments, referencing primary and secondary literature.Appropriate visual presentation, including font, spacing, margins, headings, graphics, images and appendices.Calculations are accurate, clearly set Well-developed integration of theory and practice, for Correct use of academic conventions, references and bibliography.Page 4 of 11
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