Define and discuss the concept and importance of financial management

 Assessment Type (and weighting) Individual report – 100%
(2000 words)
Assessment Name Importance of Financial Management
Assessment Submission Date Saturday 15 January 2022 at 23:59
Learning Outcomes Assessed:
LO1: Demonstrate the skills and knowledge to interpret basic financial data.
LO2: Demonstrate the skills and knowledge to maintain basic financial records.
LO3: Illustrate how financial data analysis can aid decision making in business.
LO4: Demonstrate ICT skills in data manipulation.
Assignment Brief:
Produce a report based upon the Case Study provided to answer the following question:
Define and discuss the concept and importance of financial management. Using examples, describe and discuss the processes businesses might use to improve their financial performance.
Your report should include the following sections:-
Section 1
Introduction: Define and discuss the concept and importance of financial management
(10 marks)
Section 2
Describe and discuss the main financial statements and explain the use of ratios in financial management.
(20 marks)
Section 3
USING THE TEMPLATES PROVIDED:
i. Complete the Information on the ‘Business Review Template (Ensure that you
display your calculations for this detail).
ii. Using Excel produce an Income Statement for the Sample Organisation (see
Case Study). This should be included within your appendices.
iii. Using Excel complete the Balance Sheet
iv. Using the Case study information describe the profitability, liquidity and
efficiency of the company based on the results of ratio analysis.
(30 marks)
Section 4
Using examples from the case study describe and discuss the processes this business might use to improve their financial performance.
(30 marks)
Section 5
Your report should be written using proper English grammar and should be referenced appropriately. Each reference cited in the report must appear in the reference list at the end.
(10 marks)
Your report must include at least three books and two journal articles, the use of non-academic websites is not permitted.
Specific Assessment Criteria (See Page 3 for General Assessment Criteria)
Excellent (70%+): The report will be to a high standard. It will provide a comprehensive overview of the concept of management. Particular attention will be given to business objectives structures and roles. It will provide a detailed discussion of the main functions of a financial managers within businesses.It will show a clear discussion of the processes businesses might use to improve their performances and to mitigate risks. Referencing within the report will be excellent and used effectively throughout to support the points discussed.
Very Good (60-69%):The report will be to a very good standard. It will provide a very clear overview of the concept of management. Attention will be given to business objectives, structures and roles. It will provide a very good discussion of the main functions of a financial managers within businesses. It will show a very good discussion of the processes businesses might use to improve their performances and to mitigate risks. Referencing within text and list at end will be good
Good (50-59%): The report will be to a good standard. It will provide a clear overview of the concept of management. Attention will be given to business objectives, structures and roles. It will provide a good discussion of the main functions of a financial managers within businesses.. It will show a good discussion of the processes businesses might use to improve their performances and to mitigate risks. Referencing within text and list at end will be good
Satisfactory (40-49%): The report will be to a satisfactory standard. It will provide an overview of the concept of management. It will describe the business objectives, structures and roles. It will provide some discussion of the main functions of a financial managers within businesses.. It will show a some discussion of the processes businesses might use to improve their performances and to mitigate risks. Some references within text and list at end.
Unsatisfactory (Below 40%): Unable to meet the requirements of a pass grade.
Additional Submission Instructions:
You are required to submit a soft copy via “Turn-it-in UK” on the module Moodle page. The software will allow you to check your work against other material on the internet. It will also compare your work against other students work. You will be able to upload drafts of your written work into turn-it-in as many times as you wish before the deadline. You will not be able to overwrite the final submission after the deadline. You can only submit a single file.

General Assessment Criteria - Level HE3

Relevance Knowledge
Argument/Analysis
Structure
Presentation
Written English
Research/Referencing
Class I
(Exceptional
Quality) 80%+ As for Class 1(70-79%) but exceptional work that makes a contribution to the development of knowledge and understanding in the subject area

70-79%
Directly relevant to title. Addresses most or all of the implications and assumptions of the title. Demonstrates a comprehensive knowledge of theory and practice for this level. Demonstrates ability in the manipulation and transfer of subject material to demonstrate a solid understanding of the issues. Makes creative use of appropriate arguments and/or theoretical models. Contains some distinctive or independent thinking.
A comprehensive discussion of the material resulting in clear, logical conclusions. Coherently articulated and logically structured.
An appropriate format is used. The presentational style & layout is correct for the type of assignment.
Effective inclusion of figures, tables, plates (FTP).
A very well written
answer with standard spelling and grammar.
Style is clear, resourceful and academic.
All sources accurately cited in the text. A comprehensive reference list in Harvard Style is provided.
Class II/i
(Very Good Quality) 60-69% Directly relevant to title.
Addresses some of the implications of the issues addressed by the title. Demonstrates a sound knowledge of theory and practice for this level. Manipulates and transfers some material to demonstrate a clear grasp of the themes, questions and issues. Uses appropriate arguments or theoretical models.
Clear and valid discussion of the material. Clear, logical conclusions. For the most part coherently articulated and logically constructed.
An appropriate format is used. The presentational style & layout is correct for the type of assignment.
Effective inclusion of FTP. Well written with
standard spelling and grammar. Style is clear and academic.
All sources accurately cited in the text and an appropriate reference list in Harvard Style is provided.
Class II/ii
(Good Quality)
50-59% Generally addresses the title and its implications, but sometimes addresses irrelevant issues. Demonstrates an adequate knowledge of theory and practice for this level, with evidence of an appreciation of its significance. Provides a partly coherent argument, but lacking clear focus and consistency in places. Some issues lack clarity, or theoretical models expressed in simplistic terms.
Conclusions are fairly clear and logical. Adequate attempt at articulation and logical structure.
An acceptable format is used. The presentational style & layout is correct for the type of assignment.
Inclusion of FTP but lacks selectivity. Competently written with minor lapses in spelling and grammar. Style is readable and mainly academic.
Most sources accurately cited in the text and an appropriate reference list in Harvard Style is provided.
Class III
(Satisfactory Quality) 40-49% Some degree of irrelevance to the title. Superficial consideration of the issues. Demonstrates limited knowledge of theory and practice for this level, with intermittent evidence of an appreciation of its significance. A basic argument is evident but lacks clarity and coherence.
Issues are only vaguely stated.
Conclusions are not always clear or logical. Some attempt at articulation and logical structure.
An acceptable format is used. The presentational style & layout is largely correct for the type of assignment.
Inappropriate use of FTP or not used where clearly needed to aid understanding. Generally competent writing although intermittent lapses in grammar and spelling pose obstacles for the reader.
Style limits communication and tends not to be academic. Some relevant sources cited. Some weaknesses in referencing technique.
Borderline
Fail

35-39%
Some significant degree of irrelevance to the title is common. Onlythe most obvious issues are addressed at a superficial level and in unchallenging terms. Demonstrates weaknesses in knowledge of theory and practice for this level, with little evidence of an appreciation of its significance. Limited argument, which lacks clarity in places. Conclusions are neither clear nor logical. Poorly structured. Lack of articulation.
Format deficient. For the type of assignment the presentational style &/or layout is lacking.
FTP ignored in text or not used where clearly needed. Deficiencies in spelling and grammar makes reading difficult.
Simplistic or repetitious style impairs clarity.
Limited sources and weak referencing.
Fail
34%
Relevance to the title is intermittent or missing. The topic is reduced to its vaguest and least challenging terms. Demonstrates a lack of basic knowledge of either theory or practice for this level, with little evidence of understanding. Severely limited arguments. Lacks clarity.
Conclusions are sparse. Unstructured.
Lack of articulation. Format deficient For the type of assignment the presentational style &/or layout is lacking.
FTP as above. Poorly written with numerous deficiencies in grammar, spelling, expression and style. An absence of academic sources and poor referencing technique