Assessment Guide/Coursework. Summary This is Group work. (groups of 4)Weighting: 100%Word count: 2,500Submission deadline: 23 April 2021 Learning outcomes evidenced by this assignment Learning Outcomes for the module Demonstrate an understanding of the context within which accounting operates and through which it relates to the business environment.Explain the nature and purpose of cost and management … Continue reading “Learning Outcomes for the module | My Assignment Tutor”
Assessment Guide/Coursework. Summary This is Group work. (groups of 4)Weighting: 100%Word count: 2,500Submission deadline: 23 April 2021 Learning outcomes evidenced by this assignment Learning Outcomes for the module Demonstrate an understanding of the context within which accounting operates and through which it relates to the business environment.Explain the nature and purpose of cost and management accounting.Describe costs by classification and behaviour and understanding of basic cost and management accounting techniques.Explore and interpret underlying concepts, methods, analytical tools and principles in the assessment of business and financial problems including, where appropriate, handling numerical or other data.Explore the costing techniques studied within the module, discuss critically the assumptions made, and interpret the results obtained.Prepare financial reports for user groups.Demonstrate an understanding of the financial implications of various facets of the accountant’s work.Work individually and in small group to reach a cogent judgement appropriate for use in reports.-Demonstrate appropriate use of technology to communicate effectively in writing using Word processing and using Excel spreadsheets to carry out calculations. Submission procedure Students can only submit electronically via Turnitin (which will be available nearer the deadline for submission). NO hard copy submissions will be accepted at the School of Business and law helpdesk.The School of Business and Law has a zero tolerance on late work: 1 minute late will be marked as late submission and will be dealt with accordingly.Students cannot submit their work in separate pieces, only one file as their last submission will overwrite their previous ones. Return of feedback and marked work Feedback will be given in writing to students and orally during seminars and tutor’s student hours. Details of the task Blasphemy Ltd operates in the United Kingdom (UK) and sells Product A, a perishable food item, which is ordered from suppliers. They also specialise in the manufacture and sale of Product B, . As a recently established company, they are seeking a team of financial accountants to assist with their financial and management accounting procedures. The company’s management has heard about key terms in both Financial and management Accounting, As a new Accountant within the Financial and Management Accounting department at Blasphemy Ltd, the CFO has asked you to prepare a report for the next board meeting. Discuss the books of prime entry in details, and provide examples of each. (10 marks)Briefly discuss the following terms: (a). Trial balance and provide an example(5 marks) (b). Briefly discuss statement of the financial statements and provide examples of each. (20 marks) (c). Differentiate between financial and management accounting. (10 marks) Discuss the advantages and disadvantages of business entities. (20 marks)(a) Discuss the classification of costs by illustrating them with diagrams.(10 marks) (b). Discuss the difference between absorption costing and marginal costing approaches and provide examples of each. (10 marks) Special note: You are advised to use academic sources to support your arguments. Please make full reference to any sources you use since failure to do so may be regarded as plagiarism and would imply severe consequences. Please refer to the Referencing section below for more information and advice. Assignment instructions Structure You have been asked to produce a report. It should contain the following: Title Page, including the given title in full.Abstract (No more than 50 words)Contents PageIntroductionMain body, which should also be organised under appropriate headings.Conclusion & recommendationsAppendices, which should be numbered.Make sure you refer your reader to them as required.Word count; excluding appendices and references list. Presentation Your work should be word processed in accordance with the following: Font style, Times New Roman, font size 121.5 line spacing.The page orientation should be ‘portrait’Margins on both sides of the page should be no less than 2.5 cmPages should be numberedYour name should not appear on the script. Your student number should be included on every page Skills advice Refer to your material provided in your skills modules to make sure that you have conformed to academic conventions. Pay particular attention to: Your introduction,Your conclusion,The use of headings and/or signpost wordsParagraph structure Do refer to Info skills at http://writeitright.uelconnect.org.uk/home/and http://infoskills.uelconnect.org.uk/ Referencing The university expects students to use Harvard referencing as specified in the book Cite them Right. Refer to http://www.uel.ac.uk/lls/support/harvard.htmfor further advice and a link to an online version of Cite them RightYou should be careful to include citations within your work as well as a reference list at the end. Unreferenced work will fail. Word count Your word count should not include your abstract, contents, references list or appendices. You should provide your word count at the end of your report. Exceeding the word count by more than 10% will result in a penalty of 10% of your marks for your work. If your work is significantly shorter, then you will probably have failed to provide the level of detail required. Submission to Turnitin of work submitted for assessment Our policy on the use of Turnitin recognises the educational desirability that all of our students should enjoy the opportunity to self-submit their work to Turnitin (before submitting for assessment). We also recognise that Turnitin Originality Reports will sometimes assist in the identification of plagiarised work submitted for assessment. Work that is submitted to Turnitin generates a Turnitin originality report, showing which parts of it have been reproduced from which sources. The system compares submissions to material that is to be found: on the world-wide web; in its database of previous submissions; and in its growing number of databases of published articles. You should not assume that a Turnitin originality report with a low similarity index is evidence that the piece of work concerned is free from plagiarism. Our policy provides that a Module Leader may decide, in accordance with the policy of School of Business and Law, that all student submissions for a particular component of assessment should be submitted to Turnitin, provided that the relevant Module Guide includes a notice to that effect. Notice is hereby given that all submissions of reports for this Module must be submitted to Turnitin. Detailed guidance on how to submit your work to Turnitin will be made available on this Module’s Moodle site. If you fail to submit your report to Turnitin, in accordance with the guidance on the Moodle site, you will be awarded a mark of 0 for the component. Please submit your work to the right Turnitin link. Submission to a wrong link may result in the work being awarded a mark of 0. Moreover, wrong submission could lead to very high similarity index when the student corrects it later, which again might imply severe consequences. If you have any questions about Turnitin, you should go to “Frequently Asked Questions” at http://www.nlearning.co.uk/faqsearch.php?sol=turnitin. If you have any further questions, please email the Head of Student Compliance and Responsibilities, admin (admin@uel.ac.uk). Submission The material that you submit to Turnitin will be marked. The deadline applies so you are advised not to submit after 11.00p.m, because it could take some time for your submission to upload, and the delay could cause the work to be received after 11.59. A late submission will receive a mark of 0. Please be aware that the Turnitin site will advise you that late submissions are accepted. This is only for the purposes of allowing students who are claiming extenuation to submit their work. Please read the material in the submission folder and make sure that you attach the front page and the feedback sheet as requested and save the document using the format for the name of the document as specified. Module name and codeTutor’s nameGroup nameStudents’ names and ID1.2.3.4. Assessment criteria Total marksMarks obtainedIntroduction5Discuss the books of prime entry in details, and provide examples of each.10Briefly discuss the following terms: a). Trial balance5(b). Briefly discuss statement of the financial statements and provide examples of each.20(c). Differentiate between financial and management accounting.10Discuss the advantages and disadvantages of business entities.20(a) Discuss the classification of costs by illustrating them with diagrams.10(b). Discuss the difference between absorption costing and marginal costing approaches and provide examples of each.10Conclusion/Recommendation5Referencing5Presentation and Structure5Total marks100Name &Total marks 1st marker. General comments:Name &Total marks agreed 2nd markerGeneral comments Grading criteria used to assess work These give you an overview of the required standard, although not all the criteria would apply to each assessment task. General guidelines for standards expected at different levels of study.GradeLevel 4Level 5First (70% or above)Thorough understanding of relevant ideas. Clear and well referenced argument. Coherent structure.Ideas critically analysed. Argument is clear, succinct and well supported. Evidence of a wide range of reading and some independent thought.Upper Second (60-69%)Sound understanding. Well written and relevant argument. Appropriately referenced.Critical consideration of relevant ideas. Arguments are precisely defined and appropriately referenced. The work is structurally sound and well written.Lower Second (50-59%)Evidence of understanding and independent reading. Adequate referencing, but some unsubstantiated material. Weaknesses in spelling, structure & grammar.Reasonable understanding of the relevant concepts, but some inconsistencies in application. Arguments are referenced, but disjointed. Poor structure, spelling or grammar.Third (40-49%)Indication of some understanding, but poor application of ideas. Minimal referencing. Generally weak structure.Generally descriptive work with limited evidence of a critical consideration of ideas. Inadequate referencing. Weaknesses in structure, spelling and grammar.Fail (below 40%)Irrelevant or poorly analysed material. Indication of weak grasp of concepts. Inadequate structure. Poor grammar and spelling.Uncritical. Poorly referenced. Argument indicates little use of relevant literature. Chaotic structure and generally badly written. Extenuating circumstances Extenuating circumstances are circumstances which: impair your examination performance in assessment or reassessment, orprevent you from attending for assessment or reassessment, orprevent you from submitting assessed or reassessed work by the scheduled date If you need to apply for extenuating circumstances please find the relevant information at:www. HYPERLINK “http://www.uel.ac.uk/qa/documents/extenuatingcircumstances.doc”uel HYPERLINK “http://www.uel.ac.uk/qa/documents/extenuatingcircumstances.doc”.ac.uk/qa/documents/ HYPERLINK “http://www.uel.ac.uk/qa/documents/extenuatingcircumstances.doc”extenuatingcircumstances HYPERLINK “http://www.uel.ac.uk/qa/documents/extenuatingcircumstances.doc”.doc Student appeals Students who wish to appeal against Field and Award Boards decisions can find the relevant information at: http://www.uel.ac.uk/qa/qualityass_appeals.htm
