UCBS7037 Financial Management Assessment Answers

Financial Management Module

Unit 1: Financial Accounting 1

  • Introduction to accounting and finance 
  • Measuring and reporting financial position 
  • Measuring and reporting financial performance

Unit 2: Financial Accounting 2

  • Measuring and reporting cash flows
  • Analyzing and Interpreting financial statement

Unit 3: Management Accounting 1                   (Mid-term Interim Assignment)

  • Relevant costs for decision making

Task:
The interim is to prepare the first year Profit and Loss Statement for the venture described in the paper (which also describes the final assessment); see also the note at the end of page 4 of the paper.

As you will have read, assessment for this modules, will be based on one piece of summative assessment (the final assessment) with more formative assessment built in to module delivery (class feedback at the end of each unit and after the interim assignment). This change was made for strong academic reasons and had formal approval from the very experienced External Examiners to the programme. To understand the rationale for the change, it is important to understand the difference between summative and formative assessment. Summative assessment is the assessment that contributes to the mark you will receive for the module. Formative assessment is assessment for learning; it is diagnostic and provides you with ongoing feedback that will support your learning throughout the module. In doing so, it supports you in completing your summative assessment.

Each unit of this module addresses particular topics (e.g. “Measuring and reporting financial position” in Unit 1) as you will see in the Syllabus. I will lead each unit with an exercise, which you are all invited to answer in the Forum. At the end of each unit the professor will give his/her answer and/or comments on the discussions. All students are required to make at least three meaningful contributions to the Forum discussions in the course of the term – related either to the specific exercises in each unit or to the feedback for the interim assignment.

Each unit of this module addresses particular topics (e.g. “Measuring and reporting financial position” in Unit 1) as you will see in the Syllabus. I will lead each unit with an exercise, which you are all invited to answer in the Forum. At the end of each unit the professor will give his/her answer and/or comments on the discussions. All students are required to make at least three meaningful contributions to the Forum discussions in the course of the term – related either to the specific exercises in each unit or to the feedback for the interim assignment.

At the end of Unit 3 you must upload your answer for the Interim Assignment. This is part of the required content of your final assessment paper, and full details of this assignment can be found in the instructions for the Assessment in Unit 6. If you have not completed the analysis needed for the assignment you must increase your focus on the final to avoid running out of time.

The interim assignment is a formative one that is designed to provide feedback to help as you complete your final assessment (which will account for 100% of the module grade); the interim assignment is therefore not graded, but feedback on your submission is key to the formative assessment.

You should upload your interim assignment paper to Turnitin; if the Turnitin score is high (e.g. >20%) you should ensure that you have not copied material that has not been correctly referenced, and double check that you want to include large amounts of copied material. It is important that you develop your own thoughts, based on reading from textbooks and peer-reviewed articles, not simply assemble a paper from other writers’ words.

Unit 6 is the Final Assignment in July.