Fluent Essays

Part 2 only see file attached .............................................................................................................................. .docx Unformatted Attachment Preview This assignment is comprised upon two parts. The first part is about subsidiary books and their importance for the business. The second part is about the importance of financial ratios for managers in analyzing financial health of a company followed by ratio analysis of the chosen companies. Submission Deadline Marks and Feedback Before 6pm on: 15 working days after deadline (All Levels) 02/06/2020 Click or tap to enter a date. Module title & code Introduction to Financial Accounting (AC03-1) Assignment number and title Assessment 2. Subsidiary books & Ratio Analysis Assessment type 2 (Individual) Weighting of assessment 50\% Module learning outcomes • Explain relevant accounting concepts and conventions to record, classify and summarize business transactions. • Prepare, analyse and interpret financial statements using accounting information for decision making. What am I required to do in this assignment? Quality of decisions depends upon the process of preparing and analyzing the company’s financial statements. In this process the sub-division of the journal into various books, recording transactions of similar nature plays an important role in producing timely, specific and accurate information which is subsequently transferred to concerned accounts in the ledger. The final ledgers are used to prepare trial balance, which is used to formulate financial statements. The analysis of financial statements through ratios helps stakeholders to assess the financial health of a business for making timely decisions. In view of the above discussion you are required to write a report covering the following aspects mentioned in Part1 & Part 2 below: Part 1 • Discussion on the importance of different subsidiary books for maintaining the business records. • Discussion on different types of cashbooks, its contents and importance for the business. • Discussion on the importance of bank reconciliation statement and the reasons for which it is prepared. Part 2 • Discuss the importance of financial ratios for managers in analyzing financial health of a company. • Download income statements and Statement of financial positions of any two industrial/manufacturing companies from MSM and extract 3 year’s information to calculate 1) profitability [Gross Profit & Net Profit ratio], 2) liquidity [Current ratio, Quick ratio] and 3) Working Capital management ratios [Debtors turnover, Creditors turnover, Inventory turnover] and analyze them graphically for each company individually using MS Excel. • Considering above analysis summarize your findings with rationale for their increase or decrease over the period. • Conclusion in the context of chosen companies. Deliverables Submission At the time of submission, you need to make sure that the assignment is your own and all the sources have been acknowledged. Is there a word limit (Number of Words ± 10\%)? 2000 Words What do I need to do to pass? (Threshold Expectations) • • • • Discuss the importance of different subsidiary books for a business. Discuss different types of cash books, their contents and importance for a business. Discussion on bank reconciliation statement and the reasons for which it is prepared. Apply graphical analysis by using MS excel to analyze the increase / decrease of ratios of chosen companies. How do I produce high quality work that merits a higher grade? • Brief introduction focusing the importance of subsidiary books in the present-day context. • Discussion on different types of cash books, their usage and importance for a business. • • Discussion on bank reconciliation statement and the reasons for which it is prepared. Discuss the importance of financial ratios for managers in analyzing financial health of a company. • Download income statements and Statement of financial positions of any three manufacturing companies from MSM and extract 3 year’s information to calculate 1) profitability, 2) liquidity and 3) Working Capital management ratios and analyze them graphically for each company individually using MS Excel. • Considering above analysis summarize your findings with rationale for their increase or decrease over the period. • Conclusions. How does assignment relate to what we are doing in scheduled sessions? Shareholders’ wealth maximization is the main goal which every organization wants to pursue with. The goal of wealth maximization cannot be fulfilled without investing resources judiciously. Therefore, decision quality depends upon the quality of information produced and presented in the form of financial statements. In this regard subsidiary books, and ratio analysis play very important role. 2 3 How will my assignment be marked? Your assignment be marked according to the threshold expectations and the criteria on the following page. You can use them to evaluate your own work and estimate your grade before you submit. No Criterion Weighing (\%) Sub Standard / No Attempt (0 Marks) There is no evidence for information search/ Tasks are incomplete. Information 1 Search Poor (20 Marks) Sources not used to support substantive assertions or argument. Information search is not adequate. Very limited resources are used to discuss the tasks. 20 \% Limited and uncritical use of a restricted range of sources No evidence understanding issues. 2 Understanding & Analysis 20\% of the Limited evidence of understanding the issues. Satisfactory (40 Marks) Good (50 Marks) Very Good (60 Marks) Excellent (70 Marks) Outstanding (100 Marks) Information search is evident. There is an attempt to address some tasks. All the tasks lack proper focus in discussion. Relevant information search is evident, but not adequate. Very good usage of variety information from various sources. Contents are properly paraphrased. The usage of information can be better if it relates to the context. Excellent application of the relevant information from variety of sources. Excellent usage and quoting of the literature at relevant discussions. All the tasks are discussed astutely with proper focus. Exceptional use of a wide range of appropriate and current sources, focusing on research based reviews indicating personal research and critical awareness of their status and relevance. Although the information supports the task, some of them are not properly analysed and lack paraphrasing at some areas. General understanding of the various issues. Some reference to related theoretical background is evident. There is a good attempt to address the tasks. All the tasks are discussed but one or two tasks lack focus or clarity. All tasks are discussed properly. Use of a wide range of appropriate sources, indicating critical awareness of their status and relevance. Good understanding of the various issues. Majority of the tasks show evidence of good understanding of related appropriate theoretical background. Evidence of very good understanding of relevant theory and research in all tasks. Evidence of excellent understanding of relevant theory and research. Reference to appropriate theoretical background provides support to the discussion. Some illustrations that support the theoretical background are evidenced in the discussions. Evidence of exemplary understanding of relevant theory and research. Reference to appropriate theoretical background provides support to the discussion. Illustrations are provided that amplify the theoretical background. Lack of analysis of information. No discussion is evident. The discussed tasks are completely out of focus. Task are not properly addressed. Limited evidence of critical evaluation of material. 3 Application and Analysis Poor analysis of information. Although there is evidence for some discussion, they are discrete and lacking focus. It does not reflect critical application of the concepts to the case. 35\% The report is unorganized to the point of being virtually unreadable. Lacks cohesion and orderly flow. 4 Presentation and structure The assignment has unacceptable failings in structuring and / or clarity of written expression The report is difficult to read due to overwhelming errors or misspellings (15\%) Use of a range of appropriate sources. but without critical evaluation, or missing some significant items Evidence of a general critical stance. Evidence of limited critical evaluation in some areas, with some lost opportunities or misunderstandings. There is good evidence for critical analysis and reasoning in some areas. Evidence of critical evaluation in some areas, although some material not evaluated. Use of a wide range of appropriate sources with some critical awareness of their status and relevance Very good application of the information to the case. There is evidence for in-depth analysis of data. However, all tasks are not consistent in analysis and can be presented in a better manner. Excellent analysis of the information and precise application to the case. Critical reasoning is evident while discussion of all the tasks. Critical reasoning is consistently evident across the discussions. The tasks have exemplary discussion and detailed narration. Evidence of thorough critical appreciation and evaluation of relevant theory and research and a systematic and creative attempt to relate it to the topic Evidence of good critical appreciation and evaluation of relevant theory and research and a systematic attempt to relate it to the topic Though discussion of the ideas is clear, a coherent flow of thought is not evident. The report is unorganized, but can be read. Poor flow of the report structure. The assignment has failings in structuring and / or clarity of written expression, which impair its capacity to communicate Frequent compositional errors or misspellings, but the report can be read Evidence for a coherent presentation is evident, but lacks uniformity throughout the essay. The report is somewhat organized. The flow is not coherent and needs improvement. While the assignment has some failings in structuring and / or clarity of written expression, these do not impair its capacity to communicate. The report is well organized. There is orderliness in the structure. Coherence is also evident but there is still scope for improvement. A generally wellstructured and expressed assignment, that communicate clearly. Well executed. Few grammar or writing errors. Reads easily. Is fairly well organized The report is well organized with a cohesive discussion. The structure of the report is excellent. An assignment whose clear structure and expression significantly enhances its argument The structure is exemplary. Execution is excellent. Discussions are free of grammar or writing errors. A clear layout augments the presentation. Excellent overall organisation of the report. Reads easily. Is well organized More than occasional errors or misspellings. 5 The references do not clearly comply with the basic requirements of HARVARD STYLE format. 5 Conclusion & References (10\%) The references do not clearly comply with the basic requirements of HARVARD STYLE format. The references are inadequate to support the literature used in the report. Sources used show limited relevance and currency. The report shows some compliance to HARVARD STYLE referencing, but shows many errors. Very few references quoted which are inconsistent with the amount of literature used in the report. Some sources of information are relevant while others are dated. The report demonstrates a basic level of HARVARD STYLE referencing, but still contains major deficiencies. No sophistication is evident i.e. Websites do not follow Harvard Referencing style. The report demonstrates a solid understanding of the basic elements of HARVARD STYLE formatting. In-text citations if presented at relevant areas will lend more appropriateness to the report. Majority of the sources are relevant and current. Sources used to support the discussions are relevant and current. The report demonstrates excellent HARVARD STYLE formatting skills. Intext citations are presented at relevant areas. Consistent use of relevant and current sources that enhance the discussions. Accurate use of Harvard Referencing style. Student recognizes the concept of intellectual property, can defend him / herself if challenged, and can properly incorporate the ideas / published works of others into their own work building upon them. Skillful use of credible, relevant and current sources of information that augments quality of discussion. 6 ... Purchase answer to see full attachment