Coursework Assignment Brief
Semester:
Module Code: PM106
Module Title: Introduction to Accounting
Programme BSc (Honours)
Level:
Awarding Body:
Module Leader
Format: Report
Presentation: No
Any special requirements: All work should be submitted on the Student Portal along with an acceptable Turnitin Report. Each student should submit an individual report. This is NOT a group assignment.
Word Limit: 2,000 words (with 10% plus or minus leeway)
Deadline date for submission: 14th November 2014
Learning outcomes to be examined in this assessment Describe and analyse the role of accounting information in a business context.
Percentage of marks awarded for module: This assignment is worth 50% of the total marks for the module
Assessment criteria Explanatory comments on the assessment criteria Maximum marks for each section
Constructive critical analysis, introduction, conclusion • Relevant, accurate content, demonstrating research, as required by the assessment task.
• Coherent and clear discussion of the different forms of business
• Clear comparison between financial and management accounting
• Critical discussion of the different sources of finance 70%
Referencing Style • Full in-text referencing using the Harvard citation style.
• Structured reference list or bibliography using the Harvard referencing method 10%
Content, style, relevance, originality Clear demonstration of rigorous research from recognised authoritative sources. Audience focus; report format 10%
Introduction, conclusion and recommendation • Coherent and concise introduction, conclusion and clear recommendations
10%
Assignment Task:
Mr and Mrs Swanson are thinking of starting a business enterprise. They have saved up some money from their 20 years in employment and have decided to produce and sell biscuits and chocolates. They expect this to be a lifelong investment with a plan for rapid growth and expansion.
They know that there are different forms of businesses, each with its own benefits and limitations, but are unsure of the best one to adopt. They also require the aid of an in-house accountant to help with their day-to-day management decisions, but also unsure if a management accountant would be preferable to a financial accountant.
Since this is a lifelong investment, with plans for expansion, they would also like to know the sources of finance available to them. They have come to your accounting practice for advice and guidance on these issues.
As an accountant, you are required to write a report to Mr and Mrs Swanson explaining the issues below:
• Explain the different forms of business units (sole proprietorship, partnership, limited company) available, highlighting the benefits and limitations of each (20 marks)
• Explain financial accounting and management accounting, highlighting the differences between the two strands of accounting (20 marks)
• Explain the sources of finance available to a business owner, making distinctions between internal and external sources, short-term and long-term sources, equity and debt (30 marks)
• Style, layout, format and relevance (5 marks)
• Introduction, conclusion and Recommendation (15 marks)
• Referencing – Harvard Style (10 marks)
Total marks for assignment: 100
Standard marking system for use when marking coursework assignments – for all programmes at GSM.
Indicative Grade UK% marks Characteristics.
Distinction 70%+ Very high standard of critical analysis using appropriate conceptual frameworks.
Excellent understanding and exposition of relevant issues.
Clearly structured and logically developed arguments.
Good awareness of nuances and complexities.
Substantial evidence of well-executed independent research.
Excellent evaluation and synthesis of source material.
Relevant data and examples, all properly referenced.
Merit 60-69% High standard of critical analysis using appropriate conceptual frameworks.
Clear awareness and exposition of relevant issues.
Clearly structure and logically developed argument.
Awareness of nuances and complexities.
Evidence of independent research.
Good evaluation and synthesis of source material.
Relevant data and examples, all properly referenced.
Pass 50-59% Uses appropriate conceptual frameworks.
Attempts analysis but includes some errors and / or omissions.
Shows awareness of issues but no more than to be expected room attendance at classes.
Arguments reasonably clear but underdeveloped.
Insufficient evidence of independent research.
Insufficient evaluation of source material.
Some good use of relevant data and examples but incompletely referenced.
Pass 40-49% Adequate understanding of appropriate conceptual frameworks.
Answer too descriptive and or any attempts at analysis is superficial containing errors and omission.
Shows limited awareness of issues but also some confusion.
Arguments not particularly clear.
Limited evidence of independent research and reliance on a superficial repeat of class notes.
Relatively superficial use of relevant data sources and examples poorly referenced.
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