Assessment 1 - Personal Financial Plan and Financial Performance Assessment Overview

Assessment 1 - Personal Financial Plan and Financial Performance Assessment Overview

Task description

You are to develop a personal financial plan (which may comprise creating a risk profile, cash budget, an assessment of borrowing capacity or plans for future wealth creation) and analyse the financial health of two listed firms using published financial statements.

This is an authentic assessment because preparing a budget and building a sound credit history are essential life skills. Financial statement analysis is a technique used by stakeholders to assess the past and current performance of a company before making investment decisions.

Length

There aretwoparts to this assessment.

Part A: 400 words +/-10% plus a personal budget (word length includes any in-text referencing).

Part B: 250 words +/-10% plus financial ratios, graphs and some interpretation (word length includes any in-text referencing).

Weighting - 30% overall

Learning outcomes measuredLearning outcome 1: Apply knowledge of foundational accounting and financial principles and practices to issues and problems relevant to personal and business finance.

Learning outcome 2: Use software to classify and analyse a range of financial data for decision-making in personal and organisational financial contexts.

Task description;Assignment 1 (Part a) | Your Credit at Risk

Learn how to budget so that you can build a sound credit history.

Description: YOU DECIDE how much you can afford to borrow for a 2-week trip to Japan. With the aid of your personal cash budget, compute how much you can borrow whilst not jeopardising your ability to access the debt market in the future. Trade-offs and sensitivities/uncertainties must be considered.

Weight: 15%

Format: Excel File

Due date: 11.59pm Friday 12th April 2024

Assignment 1 (Part b) Choosing an Investment Wisely

Description: YOU DECIDE which business to invest in. You have just won a major lotto prizeand have $1million dollars to invest. You have narrowed your choices down to 2 companies

KMD Brands and Premier Investments. Using the published financial statements, decide

which company has performed best in terms of creating wealth for shareholders.

Weight: 15%

Format: Excel file

Due date: 11.59pm Friday 12th April 2024