GREENWICH SCHOOL OF MANAGEMENT
PROFORMA FOR UNDERGRADUATE WORK ASSIGNMENT
BSc(Hons) Level 5
Title of Module
Management Accounting
Lecturer
Matthew OHara
Phillip Pryce
Ben Ukaegbu
Assessment Task
Set up an New Business
Assessment Format
Business Report to a Bank Manager
Word limit
Max. 1500
You will be submitting to TurnitIn and there will be no printed copy of the assignment.
Learning outcomes to be examined in this assessment
1. Understand the scope and purpose of management accounting.
2. Analyse the nature and structure of financial costs and problems of calculating them.
3. Identify methods of calculating present and future profitability of business organisations, and how financial risks of change can be evaluated.
Assessment criteria
Explanatory comments on the assessment criteria
Maximum marks for each section
Content, style, relevance, originality
Relevant, accurate content, demonstrating research, as required by Assessment Task above. Great emphasis will be placed on originality work which is clearly students own.
See assignment for specific allocation of marks
Format, referencing, bibliography
Full text referencing and bibliography preferably using the Harvard citation method
See assignment for specific allocation of marks
Constructive critical analysis, introduction, conclusion
Identifying and demonstrating an understanding of the relevant law and policies. Demonstrating the ability to analyse their impact of legislation on businesses generally.
See assignment for specific allocation of marks
ASSIGNMENT
Your assignment requires you to provide a formal business report max 1500 words, to your Bank Manager regarding the launch of a new business manufacturing goods to the UK. To support your choice of business you will select to sell 2 different items. The word count excludes appendices. You must include within the appendices: and all relevant supporting business research documentation.
Your final submitted report and appendix is to be submitted using the student portal. It should clearly show your student number only (no names) be submitted no later than 30th November 2012. Late submissions will not be marked. Any extenuating circumstances should follow proper procedures. Marks will be returned via the student portal within two weeks of the deadline.
In the report:
Section A:
· State your chosen business and what products (ideally 2 complementary products) you intend to sell. Provide in your own words, background as to the general price of goods available in the London area. (max 250 words), Marks 10%
· Marks will be awarded for innovation, originality of approach, report format, relevant references and quotations from suppliers and all business expenses, their websites, etc., competitive benchmarking and supporting calculations. You will need to show your research in this area. Marks 10%
Section B:
o Clearly identify a target selling price for your companys products using supporting arguments from your research of the current market and any other source.
Marks 10%
o Produce a per unit cost statement for each product, a breakeven point with underlying assumptions to support your figures.
Marks 10%
o Prepare a Five Year Budget Income Statement using marginal costing principles
Marks 20%
o Undertake a five year net present value appraisal of your new business, state your initial investment costs and use your marginal profit as cash flows.
Marks 20%
o Provide suitable recommendations for the business and a conclusion
Marks 10%
Section C:
o Indentify and discuss one issue that your business could undertake to improve environmental sustainability using suitable measures to aid your discussion.
Marks 5%
o Reflecting on your overall learning experience briefly discuss what you have gained from undertaking the tasks in this assignment (max 250 words or 1 page).
Marks 5%
Total 100%
· State any assumptions you feel necessary to support your report.
· DUE DATE for submission: 30th November online TurnitIN.