.0/msohtmlclip1/01/clip_image002.gif” alt=”B&W logo”>UNIVERSITY OF BOLTON
FACULTY OF WELL-BEING & SOCIAL SCIENCES
Business Management
Module: Business Finance,
BAM1001 (BAM1103)
Tutors: G. Clarke
Assignment Number: One (Weighting 50%) Semester 2, 2011-12
Assignment Title: Walker
Assignment Length: 2,500 words, adjusted for equivalent calculations
Issue Date: Week 5
Submission Deadline: Week 9
The assignment MUST be submitted into Turnitin before 5pm, Wednesday 25th April 2012, (Week 9).
Learning Outcomes
This assessment satisfies the following learning outcomes as specified in your module guide.
No.
Learning Outcomes
Assessment Criteria
1
Understand the sources and uses of finance and information.
Demonstrate in both numerical and written analysis a clear understanding of the sources and uses of finance and information in the business organisation
2
Define and apply financial terms adequately
Use basic financial terms in context with reasonable accuracy.
Please refer to the back of this document for penalties for late submission and grading descriptors. It is the candidates responsibility to familiarise themselves with the Universitys policies on plagiarism and use of unfair means contained within the Student handbook
Penalties for late Submission
Students who fail to submit assessments by the specified date (without an extension being granted or without accepted Mitigating Circumstances) will be subject to the following penalties:
Up to 5 calendar days late = 10 marks subtracted but if the assignment would normally gain a pass mark, then the final mark to be no lower than 40%.
Up to 10 calendar days late = 20 marks subtracted but if the assignment would normally gain a pass mark, then the final mark to be no lower than 40%.
More than 10 calendar days late = 1 mark awarded.
Grade Description Mark Classification
Work of Exceptional Quality High 80+ I
Middle 75-79 I
Low 70-74 I
Work of Very Good Quality High 67-69 II.i
Middle 64-66 II.i
Low 60-63 II.i
Work of Good Quality High 57-59 II.ii
Middle 54-56 II.ii
Low 50-53 II.ii
Work of Satisfactory Quality High 47-49 III
Middle 44-46 III
Low 40-43 III
Unsatisfactory Performance Borderline 35-39 BF
Clear Fail below 35 F
The definitions of the above criteria are:
Work of Exceptional Quality
Virtually all of the relevant information/skills accurately deployed. Excellent and exceptional grasp of theoretical, conceptual, analytical and practical elements. Very effective integration of theory, practice and information in relation to the objectives of the assessment. Substantial evidence of originality and creativity as appropriate to the subject.
Work of Very Good Quality
Most of the relevant information/skills accurately deployed. Good grasp of theoretical, conceptual, analytical, practical elements. Effective integration of theory, practice and information in relation to the objectives of the assessment. Significant evidence of originality and creativity as appropriate to the subject.
Work of Good Quality
Some of the relevant information/skills accurately deployed. Adequate grasp of theoretical, conceptual, analytical and practical elements. Fair integration of theory, practice and information in relation to the objectives of the assessment. Some evidence of originality and creativity as appropriate to the subject.
Work of Satisfactory Quality
Some omissions in the deployment of information/skills. Some grasp of theoretical, conceptual, analytical and practical elements. Limited integration of theory, practice and information in relation to the objectives of the assessment. Limited evidence of originality and creativity as appropriate to the subject.
Unsatisfactory Performance
Borderline Fail
Deficiencies or omissions in information, skills, theoretical, conceptual, practical elements. Limited integration of these in relation to the assessed work’s objectives. Some relevant content and marginal evidence of skills, knowledge or creativity which could, in the light of overall performance, constitute the basis for a pass grade in the examiners’ judgement.
Clear Fail
Little evidence of the information, skills, theoretical, conceptual, analytical, creative or practical elements relevant to the assessment. Mainly irrelevant and/or incorrect information provided. Scant evidence of understanding of the requirements of the assessment.
Module: Business Finance BAM 1001/BAM1103
Assignment Number: One
Assignment Title: Walker
This assignment is designed to assess your ability to use and apply terminology and/or techniques in the area of financial accounting.
Task 1: Case study (30 Marks)
Refer to Appendix 1.
Required:
In a report for the attention of James Brennandiscuss the significance of alternative forms of finance available to him and the importance of the nature of the business entity in the process. Your report should relate to aspects considered in the module and core text book.
30 marks
Your report should be 750 words and adopt the format (essential sections only) available from BISSTO:
http://data.bolton.ac.uk/bissto/studyskills/report/standard.htm
Task 2: (60 marks)
Refer to Appendix 2
Required:
a) Using ONLY the data provided in the initial Trial Balance, prepare an income statement for the year ended 30 September and a balance sheet as at that date for Joe.
10 marks
b) Update the income statement and balance sheet showing the effect of the further information. Your workings must be clearly presented in the revised accounts and supporting notes/calculations.
25 marks
c) Discuss, with reasons, which accounting concepts and conventions you have used in the preparation of the financial statements. Your discussion should be 600 words. Each concept requires a clear reference.
25 marks
The spreadsheets must be inserted into a single word document and all sections must be visible.
Task 3: (10 marks)
Presentation, style language and accurate referencing
10 marks
Appendix 1
Case study
Extracts, from BBC News website 14th February 2012:
Former college business lecturer James Brennan had fallen out of love with his profession and was facing redundancy in July. A self-confessed “average Joe”, he had a mortgage to pay, a family to support and credit card bills to service. Three months later he was running his own DIY car and bike servicing garage, stemming from his life-long love of motorsports.
……….
“I’m breaking even but I’m not paying myself a wage yet. Luckily I have a very supportive family around me and hopefully this will take off.”
Specialist business insurer Hiscox suggests that 17% of small businesses in 2011 were set up following one or more of their owners being made redundant.
………..
BBC (2012) The Coventry lecturer who practices what he preached. BBC News Website, 14 February 2012. [Online]. Available from: < http://www.bbc.co.uk/news/uk-england-birmingham-17017361> [Accessed 16 February 2012].
Appendix 2
Walker runs a business as a plumber. The trial balance, and additional information, of the business as on 31 December 2011 was as follows:
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UNIVERSITY OF BOLTON
FACULTY OF WELL-BEING & SOCIAL SCIENCES
Business Management
Module: Business Finance BAM 1001 (BAM1103)
I have Assignment Control Sheet
General
Completed all tasks
Submitted my work, in a single file, to Turnitin
Put the following in the Turnitin submission/title:
When you upload your work you will also be asked to enter a name for the assignment. You should enter your user student number, username and class tutors name e.g.:
1012xxxx_WSS2GHx_A Tutor
Shown my student number on the front sheet and, where appropriate, in the main body of the assignment (not used my name)
Kept a copy of the assignment for my own records
Assignment
Written no more than 1500 words.
Put my student number as a footer on each page
Provided accurate short references in the main body and using the Harvard system. See BISSTO via: http://www.bolton.ac.uk/bissto/
Presented text in my own words, any quotations/extracts are fully referenced