Fluent Essays

All requirements in the file attached Similarity less than 15\%Turnitin report neededF end_term_final_gac4010_ffm_writ2_l4b1_v1_august_2020.pdf Unformatted Attachment Preview FACULTY OF BUSINESS AND MANAGEMENT STUDIES UNDERGRADUATE BUSINESS PROGRAMME ACADEMIC YEAR 2019-2020, Semester 2 August - 2020 Writ2 Programme Title: BMS, MM, BE Module Title: Finance For Managers Module Code: GAC4010 Assessment Method: Coursework Level: 4 Block: 1 Module Credits: 20 Weighting: 50\% Submission Date: 23rd June 2020 Word Count: 3,000 Examiner(s): Ms Sonia Shibila Allen Version: 1 Gulf College – Faculty of Business and Management Studies – In academic Affiliation with CARDIFF SCHOOL OF MANAGEMENT A.        B.  Written work A signed declaration that the work is your own (apart from otherwise referenced acknowledgements) must be included after the reference page of your assignment Each page must be numbered. Where appropriate, a contents page, a list of tables/figures and a list of abbreviations should precede your work. All referencing must adhere to School/Institutional requirements. A word count must be stated at the end of your work. Appendices should be kept to the minimum and be of direct relevance to the content of your work. All tables and figures must be correctly numbered and labelled. Other types of coursework/assignments Where coursework involves oral presentations, discussions, poster presentations, etc., specific instructions will be provided by your module leader/team. --------------------------------------------------------------------------------------------------------------------------------------------Rewrite below part just after the References of your assignment. WORK DECLARATION I, [Name of Student], hereby declare that the uploaded Coursework through Turnitin is my own work. I affirm that this has been researched and completed in accordance with the college rules and regulations on plagiarism. I acknowledge the advice given by the module tutors on proper referencing to avoid plagiarism and the rules on the academic unfair practice. I acknowledge that I read and understand the plagiarism guide written at the end of this assessment. Any academic misconduct will be handled according to the rules and regulations of the university. [Name of Student] Pg. 2 Version 1 General instructions Coursework must be submitted online through Turnitin before due date. An acknowledgement will be given to you by your teacher upon presentation of the finance clearance. This is your receipt, keep it. The only circumstance in which assignments can be uploaded late via Turnitin is if a Mitigating Circumstances (MC) form is submitted at the same time. In these circumstances work may be submitted within five (5) working days. Make sure to secure MC form and submit the same to the concerned staff. Write the number of words used, excluding references, at the end of your assignment. Provide the list of sources you used at the last page of your assignment with proper label ‘References’. You may include diagrams, figures etc. without word penalty. The number of words will be + or – 10\% of the total words allowed. A work declaration must be included just after the reference page of your assignment. This ensures that you prepare your work in good faith. Any form of collusion and/or academic unfair practice will be dealt with according to the pertinent rules and regulations of the partner university. Please read carefully the plagiarism guide. Assessment Details This Coursework comprises 50\% of the total assessments marks and will develop the following skills:    Proven ability to think and write an assignment Accurately completing all accounting work related to the context of the assignment Improve calculation skill and analysing a range of accounting information In addition, the assessment will test the following learning outcomes:    Demonstrate understanding of and evaluate the role of costs, cost classification and cost behaviour in the financial decision making process; Demonstrate understanding of the use of costs in pricing decisions and the external factors affecting price; Describe the need for and apply the principles of working capital control. Pg. 3 Version 1 Assessment Task 1. “Cost accounting is a form of managerial accounting that aims to capture a companys total cost of production by assessing the variable costs of each step of production as well as fixed costs.” Required to: a. Discuss the cost classification by behavior giving your own examples for each. Also, explain how these costs change with change in the level of activity. b. Explain the role of demand and cost in pricing decisions. 20 marks 10 marks 2. “Marginal costing is the technique of presenting cost data wherein variable costs and fixed costs are shown separately for managerial decision making.” Required to: Explain the application of Marginal costing in Selection of Product Mix by giving your own numerical example. 20 marks 3. “A break even chart is a chart that shows the sales volume level at which total costs equal sales.” Required to: Provide your own data and construct a Break even chart and find the Break-even point in units and in Omani rials. 30 marks 4. Working capital is the amount of a companys current assets minus the amount of its current liabilities which is a strong measure of a company’s liquidity. Required to: Discuss the ways to better manage the working capital in a business concern. 20 marks Total 100 marks Additional instructions:  In Question 1, the student needs to give a brief introduction which explains the meaning of cost and then answer the questions a. and b. Student can include graphs as well.  In Question 2, the student needs to give a brief introduction on Marginal costing, explaining in brief the different applications of Marginal Costing and then explain the application of Marginal costing in Selection of Product Mix by giving his/her own numerical example.  In Question 3, the student needs to give a brief introduction on Break even chart and then provide numerical data based on which he/she have to prepare the Break even chart and calculate the break-even point in units and in Omani rials. Pg. 4 Version 1  In Question 4, the student needs to give a brief introduction on meaning of working capital and working capital management. Then explain any 7 ways to better manage the working capital in a business concern.  At least five (5) references from different sources in Harvard Referencing style.  As the assignment is based on numbers and calculations along with theory, the word count for each question is not specified. Provide content according to the marks allotted as per the marking scheme. The overall word count should be equivalent to 3,000 words. ***END OF ASSIGNMENT TASK*** Pg. 5 Version 1 GAC4010 - Finance For Managers AY: 2019-2020 / Semester 2 Marking Scheme Question No. 1. Description a. Meaning of cost 2 marks Cost classification on behavior with examples 13 marks Explanation on how these costs change with change in the level of activity 5 marks 20 marks b. Explanation on the role of demand and cost in pricing decisions. ( 4 points each 2.5 marks) 10 marks Marks Allocated 30 marks 2. Meaning of Marginal costing 2 marks Brief explanation on different application of Marginal Costing 4 marks Numerical example explaining Selection of Product Mix application 14 marks 20 marks 3. Introduction on Break even chart 3 marks Numerical data 5 marks Break even chart 12 marks Calculation of BEP in units and OMR (each 5 marks)10 marks 30 marks 4. Meaning of working capital and working capital management.(each 3 marks)6 marks Ways to better manage the working capital in a business concern. (any 7 ways each 2 marks) 14 marks Total Pg. 6 Version 1 20 marks 100 Plagiarism 1. Plagiarism, which can be defined as using without acknowledgement another person’s words or ideas and submitting them for assessment as though it were one’s own work, for instance by copying, translating from one language to another or unacknowledged paraphrasing. Further examples of plagiarism are given below: Use of any quotation(s) from the published or unpublished work of other persons, whether published in textbooks, articles, the Web, or in any other format, which quotations have not been clearly identified as such by being placed in quotation marks and acknowledged. Use of another person’s words or ideas that have been slightly changed or paraphrased to make it look different from the original. Summarising another person’s ideas, judgments, diagrams, figures, or computer programmes without reference to that person in the text and the source in a bibliography or reference list. Use of services of essay banks and/or any other agencies. Use of unacknowledged material downloaded from the Internet. Re-use of one’s own material except as authorised by the department. 2. Collusion, which can be defined as when work that has been undertaken by or with others is submitted and passed off as solely as the work of one person. This also applies where the work of one candidate is submitted in the name of another. Where this is done with the knowledge of the originator both parties can be considered to be at fault. 3. Fabrication of data, making false claims to have carried out experiments, observations, interviews or other forms of data collection and analysis, or acting dishonestly in any other way. Plagiarism Detection Software (PDS) As part of its commitment to quality and the maintenance of academic standards, the University reserves the right to use Plagiarism Detection Software (PDS), including Turnitin. Such software makes no judgment as to whether a piece of work has been plagiarised; it simply highlights sections of text that have been found in other sources. The use of plagiarism detection software fulfills two functions. The first is to enhance student learning (i.e. as a developmental tool); the second is to guard against and identify unfair practice in assessment. Further information and guidance can be found in the University’s policy on the Use of Plagiarism Detection Software. Pg. 7 Version 1 ... Purchase answer to see full attachment