Business Finance
- Subject Code :
MOD003319
- University :
aru london Exam Question Bank is not sponsored or endorsed by this college or university.
- Country :
United Kingdom
ASSIGNMENT INSTRUCTIONS
Assessment | Coursework (Business Brief) |
Assessment code: | 010 |
Academic Year: | 2024/2025 |
Trimester: | 2 |
Module Title: | Business Finance |
Module Code: | MOD003319 |
Level: | 4 |
Module Leader: | Kyriakos Kyriakopoulos |
Weighting: | 50% |
Word Limit: | Equivalent of 2,000 words. This excludes bibliography and other items listed in rule 6.83 of the Academic Regulations. |
Assessed Learning Outcomes | LO1 - Knowledge and Understanding - Understand the concepts of traditional capital budgeting and sources of finance. LO2 - Knowledge and Understanding -Explain the context within which financial accounting information is prepared and used. |
Submission Deadline: | Please refer to the deadline on the VLE |
WRITING YOUR ASSIGNMENT:
- This assignment must be completed
- All courses of study must use the Harvard referencing system for written assessments, apart from LLB/LLM courses where OSCOLA should be applied. Please see the below link for guidance:
- Your work must indicate the number of words you have used. Written assignments must not exceed the specified maximum number of words. When a written assignment is marked, the excessive use of words beyond the word limit is reflected in the academic judgement of the piece of work which results in a lower mark being awarded for the piece of work (regulation 6.74).
- Assignment submissions are to be made Do not write your name anywhere on your work.
- Write your student ID number at the top of every
- Where the assignment comprises more than one task, all tasks must be submitted in a single document.
- You must number all
SUBMITTING YOUR ASSIGNMENT:
- In order to achieve full marks, you must submit your work before the deadline. Work that is submitted late if your work is submitted on the same day as the deadline by midnight, your mark will receive a 10% penalty. If you submit your work up to TWO working days after the published submission deadline it will be accepted and marked. However, the element of the modules assessment to which the work contributes will be capped with a maximum mark of 40%.
- Work cannot be submitted if the period of 2 working days after the deadline has passed (unless there is an approved extension). Failure to submit within the relevant period will mean that you have failed the
- Requests for short-term extensions will only be considered in the case of illness or other cause considered valid by the Director of Studies Team. Please contact DoS@london.aru.ac.uk. A request must normally be received and agreed by the Director of Studies Team in writing at least 24 hours prior to the deadline. Students will need to provide evidence to support their extension See rules 6.64-6.73:
- Exceptional Circumstances: The deadline for submission of exceptional circumstances in relation to this assignment is no later than five working days after the submission date of this Please contact the Director of Studies Team - DoS@london.aru.ac.uk. Students will need to provide evidence to support their EC claim. See rules 6.112 6.141:
Assignment Brief
Task 1
- a) Alison Ltd produces and sells a single product. Jean, the accountant, has prepared the following budgeted Income Statement for the 6 months April to September 2025:
April | May | June | July | August | September | |
Sales | 32,000 | 35,000 | 42,000 | 41,000 | 53,000 | 63,000 |
Cost of sales: | ||||||
Materials | 19,500 | 21,350 | 26,000 | 24,100 | 32,300 | 39,000 |
Labour | 4,000 | 4,400 | 4,200 | 5,300 | 6,400 | 7,550 |
Heat and light | 2,400 | 2,200 | 1,450 | 1,500 | 1,400 | 2,700 |
Office expenses | 740 | 660 | 720 | 830 | 950 | 1,060 |
Depreciation | 1,200 | 1,200 | 2,000 | 2,000 | 2,000 | 2,000 |
Total costs | 27,840 | 29,810 | 34,370 | 33,730 | 43,050 | 52,310 |
Profit | 4,160 | 5,190 | 7,630 | 7,270 | 9,950 | 10,690 |
Jean also provides the following additional information:
- The cash balance at 1 April 2025 is expected to be 4,000 on
- All sales are made on Experience in the past has shown that 60% of debtors pay in the month after sales have been made and 40% pay in the second month following the sale. Sales in the months of February 2025 and March 2025 are expected to be 28,000 and 30,500 respectively.
- Material purchases are made on credit; creditors allow one month's credit. Purchases for the month of March 2025 are expected to total 19,000.
- Wages and offce expenses are paid in the month in which they are
- Alison Ltd will be replacing a piece of machinery in May 2025. The new machine costs 120,000 and the old machinery will be sold for a scrap value of 5,000 in May 2025. Payment for the new machine is to be made in two equal instalments in July and August 2025.
- Heat and light is paid quarterly, in arrears, on 30th June and 30th September
- Tax will have to be paid in September 2025 amounting to 4,200.
Required:
a) Prepare the cash budget for the six months from April to 2025.
35 marks
b) Explain the courses of action that can be taken to improve the current situation.
10 marks
Task 2
Explain the purposes of budgeting. 25 marks
Task 3
Below is a list of users of accounting information. From that list, choose 5 types of users and explain how financial information is relevant to each user.
- Owners (shareholders)
- Managers
- Lenders
- Suppliers
- Employees
- Customers
- Competitors
- Government
- Auditors
- Investors
20 marks
Task 4
Academic Skills: Appropriate format, language and use of Harvard Referencing
10 Marks
ARU GENERIC ASSESSMENT CRITERIA AND MARKING STANDARDS: LEVEL 4 the
Transition stage
Level 4 introduces students to HE. Students are expected to demonstrate relevant skills and competencies; to be articulate in expressing ideas orally; and to be coherent and structured in terms of written or other media. Forms of expression at this level may be descriptive or imitative, but students are expected to demonstrate an increasing understanding of the theoretical background of their study and the analytic competence to explore it, as well as its relationship, where appropriate, to particular skills. Students are expected to develop an awareness of strengths and weaknesses in their skill sets | |||
Mark Bands | Outcome | Characteristics of Student Achievement by Marking Band for ARUs Generic Learning Outcomes (Academic Regulations, Section 2) | |
Knowledge & Understanding | Intellectual (thinking), Practical, Affective and Transferable Skills | ||
90- 100% | Achieves module outcome(s) | Exceptional information base exploring and analysing the discipline, its theory and ethical issues with extraordinary originality. | Exceptional management of learning resources, complemented by assured self- direction/exploration. Exceptional structure/accurate expression. Demonstrates intellectual originality and imagination. Exceptional practical/professional skills. |
80- 89% | Outstanding information base exploring and analysing the discipline, its theory and ethical issues with clear originality | Outstanding management of learning resources, complemented by assured self- direction/exploration. An exemplar of structured/accurate | |
expression. Demonstrates intellectual originality and imagination. Outstanding practical/professional skills | |||
70- 79% | Excellent information base, exploring and analysing the discipline, its theory and ethical issues with considerable originality. | Excellent management of learning resources, complemented by self- direction/exploration. Structured/ accurate expression. Excellent academic/intellectua l and team/practical/ professional skills | |
60- 69% | Good information base; explores and analyses the discipline, its theory and ethical issues with some originality | Good management of learning resources with some self- direction. Structured and mainly accurate expression. Good academic/intellectua l skills and team/practical/ professional skills | |
50- 59% | Sound information base that begins to explore and analyse the discipline and its ethical issues but is still mainly imitative | Sound use of learning resources and input to teamwork. Some lack of structure/accuracy in expression. Acceptable academic/intellectua l skills and sound practical/ professional skills |
40- 49% | A marginal pass in module outcome(s) | Adequate information base; omissions in understanding of major/ethical issues. Largely imitative | Adequate use of learning resources with no self-direction. Some input to teamwork. Some diffculty with structure and accuracy in expression. Some diffculties with academic/intellectua l skills and developing practical/ professional skills |
30- 39% | A marginal fail in module outcome(s). Satisfles default qualifying mark | Limited information base; limited understanding of discipline and its ethical dimension | Limited use of learning resources. No self-direction, little input to teamwork and difficulty with structure/accuracy in expression. Weak academic/intellectua l skills. Practical/professional skills are not yet secure |
20- 29% | Fails to achieve module outcome(s). Qualifying mark not satisfled | Little evidence of an information base. Little evidence of understanding of discipline and its ethical dimension. | Little evidence of use of learning resources. No self-direction, with little evidence of contribution to teamwork. Very weak academic/intellectua l skills and significant difficulties with structure/expression. Little evidence of practical/professional skills |
10- 19% | Deficient information base. Deficient understanding of discipline and its ethical dimension. | Deficient use of learning resources. No attempt at self- direction with inadequate contribution to teamwork. Deficient academic/intellectua l skills and major difficulty with structure/expression. Deficient practical/professional skills | |
1- 9% | No evidence of any information base. No understanding of discipline and its ethical dimension. | No evidence of use of learning resources nor understanding of self- direction; no evidence of contribution to teamwork. No evidence academic/ intellectual skills and incoherent structure/ expression. No evidence of practical/ professional skills | |
0% | Awarded for: (i) non-submission; (ii) dangerous practice and; (iii) in situations where the student fails to address the assignment brief (e.g.: answers the wrong question) and/or related learning outcomes | ||
