06 Aug How would the stakeholders of a company, listed on the London Stock Exchange, make use of the published annual report and accounts?
Requirements:
Assessment Brief 1
Brief Module Overview
This module will provide you with an understanding of understand the importance of financial and of management accounting in running a business effectively, and to gain an appreciation of the current issues in accounting.
Module aims
To introduce students to the purpose and basic mechanics of accounting in both theory and practice.
Assessment 1 – Essay + Poster
QUESTION TO BE ADDRESSED
How would the stakeholders of a company, listed on the London Stock Exchange, make use of the published annual report and accounts?
GUIDANCE
You should focus on the statement of profit or loss, the statement of financial position and the cash flow statement. References to the other published information are also encouraged.
PURPOSE OF THE ASSIGNMENT
This assignment provides an opportunity for you to reflect on your knowledge of accounting and its relevance to a wide selection of users.
The essay should be informative, easy to follow, and delivered in an interesting and clear manner. You should be able to demonstrate the extent of your understanding of the basic theory and practice of FINANCIAL accounting in the modern context, and its value to business and the wider community.
The poster should be informative, easy to understand and visually appealing.
This assignment will assess Learning Outcomes 1, 2 & 5:
Demonstrate an understanding of basic theory and practice of financial and management accounting and its basic terms and concepts.
Explain the value of financial and management accounting processes to a business.
5. Demonstrate an understanding of the current contemporary issues affecting the accounting discipline.
Submitted work is normally marked and returned within three weeks (during term time) of the submission deadline. All modules are moderated / second marked internally by staff and confirmed by external examiners. All marks are provisional until they are confirmed by the relevant module board.
ASSESSMENT CRITERIA
Essay – the essay will contribute 80% to the overall grade (1,600 words). It will be assessed using the following weighting:
25% Clarity of expression
25% Addressing the question
25% Content & range of knowledge
25% Conclusions
Please note that diagrams, quotes, appendices and tables do not constitute part of the word allocation.
A copy of the assessment grading for the essay can be found in Appendix 1.
Formative Assessment – you will be given an opportunity for formative assessment for the essay. If you would like to take this opportunity for feedback, prior to summative submission, submit a draft to Turnitin, no later than 2pm, Sunday 6th August 2023.
Poster – the poster will contribute 20% to the overall grade. It will be assessed using the following weighting:
50% Presentation (visual)
50% Addressing the question
A copy of the assessment grading for the poster can be found in Appendix 2.
SUBMITTING ASSIGNMENTS
Cover Sheet – you MUST attach a completed cover sheet with your essay. See Appendix 3.
Presentation – your individual assignment should be word-processed. Line spacing should be one and-a-half-spaced, with at least an inch (2cm) margin, and font size should be no smaller than 12 point, Times New Roman, or 11-point Arial. Your student number should appear on each page and pages should be numbered.
Description/Guidance
Referencing system
The Business students are required to use Harvard as the standard referencing convention.
Learning Materials/Resources:
Essential Resources:
Core text book – Dyson, J. and Franklin, E. (2020) Accounting for non-accounting students (10th Ed.) Pearson Education Limited: Harlow
Recommended Resources:
Journals, magazines & academic articles related and relevant to the subject:
You are expected to keep abreast of current academic theory and the events affecting accounting practice in organisations and societies. This may be via published and academic journals, newspapers, trade magazines etc.
bbc.co.uk
Financial Times
Accountancy Age (Journal)
Journal of Corporate Accounting & Finance
Publications by “Big four” accounting firms— PWC, Deloitte, Ernst & Young, KPMG
Publications by Professional Accounting Bodies— ACCA, CIMA, CIPFA, ICAEW,
Websites:
You are expected to keep abreast of news and developments concerning accounting practice. Websites you need to use and be aware of are:
bbc.co.uk
http://www.cipfa.org.uk
Please note that the format and order of this reading list is for illustrative purposes only. Additional sources can also be found in Library services. Students are requested to submit a single alphabetical order bibliography list containing all sources used for each piece of work submitted. For guidelines on the required Harvard referencing style please refer to:
This handbook should be read in conjunction with other sources:
• Student Handbook: for programme academic information applying to all modules
• for generic student experience information
• Business School information
Appendix-1 Essay CCCU Assessment grading criteria: Foundation Year/Level 0
Appendix 2 – Poster CCCU Assessment grading criteria: Foundation Year / Level 0
Appendix-3 Cover Page
Student Assessment Submission and Declaration
When submitting evidence for assessment, you must sign a declaration confirming that the work is your own.
Plagiarism
Plagiarism is a form of cheating. Plagiarism must be avoided at all costs and students who break the rules, however innocently, may be penalised. It is your responsibility to ensure that you understand correct referencing practices. As a university level student, you are expected to use appropriate references throughout and keep carefully detailed notes of all your sources of materials for material you have used in your work, including any material downloaded from the Internet. Please consult the relevant unit lecturer or your course tutor if you need any further advice.
