Fluent Essays

Introduction to Business Accountingsolve with steps see guide lines .......................... campusm_cachefile_1590066049.073262.docx Unformatted Attachment Preview This assignment is about the application of different capital budgeting techniques on a given scenario in order to check the feasibility of an investment opportunity. 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 Business Accounting ( BC10-1) Assignment number and title Assessment 2. Business decision making Assessment type Individual report Weighting of assessment 50\% Module learning outcomes 1. 2. Knowledge and Understanding Identify and explain theoretical concepts of Financial and Cost Accounting along with various decision-making tools. Skills and Abilities Prepare the financial statements and analyse these statements using ratio analysis, along with application and use of various costing techniques to facilitate the decision-making process. What am I required to do in this assignment? An understanding of cost behavior is the key to many decisions in an organization in that by understanding how costs behave, a manager is better able to predict what costs will be under various operating circumstances. And the Cost – Volume- Profit (CVP) analysis is the analytical process that uses the understanding of cost behaviour in order to provide information for management decision-making. And after the analysis there will be budget, is a quantified plan of action for a forthcoming accounting period. In view of the above discussion you are required to write a report covering the following aspects mentioned in below: Part 1 • Discussion on different types of Cost behavior how a cost will react or change as changes takes place in the level of business activity. • Discussion on the importance of statement of cost of goods manufactured and the reasons for which it is prepared. • Discussion on the purpose of budgeting and steps in preparation of the budget. Part 2 Manufacturing company is planning to produce new product in the market and the information for each product is given below. Alpha Beta Delta 10 5 15 Material 20 per unit 5 per unit 15 per unit Labor 15 per unit 10 per unit 6 per unit Selling expanses 10,000 per month 3,000 per month 4,000 per month Administrative expanses 5,000 per month 5,000 per month 6,000 per month Selling Price Variable cost: Fixed cost: You are required to: • Discuss the importance of Cost – Volume- Profit (CVP) analysis in order to provide information for management decision-making. • From the above information which product should the company manufacture, summarize your findings with rationale. 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\%)? 1200 Words What do I need to do to pass? (Threshold Expectations) • • • • Discuss the different type of Cost behavior for a business. Discussion on importance of cost of goods manufactured and the reasons for which it is prepared. Discuss the importance of Cost – Volume- Profit and analysis the information given. Summarize the findings with rationale for the information given by using CVP. How do I produce high quality work that merits a higher grade? • • Brief introduction focusing of Cost behavior and the importance short-term decision making. Discussion on different types of Cost behavior. • Discussion on goods manufactured and the reasons for which it is prepared. • • Discuss the importance of budgeting and steps in preparation of the budget of a company. Discussion on different types of functional budgets. • Discussing the importance of (CVP) analysis in order to provide information for management decision-making • Summarize the findings with rationale for the information given by using CVP. • Conclusions. How does assignment relate to what we are doing in scheduled sessions? 2 • Apply the concepts of different cost classifications and budgets used in decision making. • Perform cost volume profit analysis of given data with an objective of aiding management decisions and prepare budgets. 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 1 Criterion Weighing (\%) Information 20 \% Search Sub Standard / No Attempt (0 Marks) There is no evidence for information search/ Tasks are incomplete. 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. Limited and uncritical use of a restricted range of sources 2 Understanding & Analysis 20\% No evidence understanding issues. 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. 3 Application and Analysis 35\% 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. 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. 4 Presentation and structure (15\%) The report is unorganized to the point of being virtually unreadable. Lacks cohesion and orderly flow. 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 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 5 Conclusion & References (10\%) The references do not clearly comply with the basic requirements of HARVARD STYLE format. 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