AC 03 1 Modern College of Business Subsidiary Books & Ratio Analysis Part 2 only see file attached …………………………………………

AC 03 1 Modern College of Business Subsidiary Books & Ratio Analysis Part 2 only

see file attached

……………………………………………………………………………………………………………… 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