This is a solution of Unit 1 Managing Financial Resources And Decisions Assignment in which we discuss Developing business

Unit 1 Managing Financial Resources and Decisions Assignment

HNC Assignment Brief

QualificationUnit number and titleUnit Code
Pearson BTEC Level 4 HNC  Diploma in BusinessUnit2 : Managing Financial Resources

and Decisions

 H/601/0548
LevelCredit Value
415
Student name 

Assessor name : Peter Keeley

AssignmentDate issued/Drafts Submission dates for formative feedbackFinal Submission date for summative assessment
Task127/01/2016         15/02/2016 11th April 2016

Via Turnitin on Moodle before 23:59PM

Task 227/01/201629/02/2016
Task 327/01/201618/03/2016
Task 427/01/201628/03/2016
All Tasks27/01/201604/11/2016
Assignment titleBusiness Report on Managing Financial Resources and Decisions
Learning Outcome 

Learning Outcome

Assessment CriteriaIn this assessment you will have the opportunity to present evidence that shows you are able to:Task no. 

Evidence

(Page no)

LO1Understand the sources of finance available to a business. 

 

AC 1.1

Identify the sources of finance available to a businessTask 1

 

 

 

 

5
AC 1.2

 

 

AC 1.3

Assess the implications of the different sources of finance to a business. .

 

Evaluate appropriate sources of finance for a business project

Task 1

 

Task 1

5
LO2Understand the implications of finance as a resource within a business.

 

AC 2.1Analyse the costs of different sources of finance.Task 25
AC 2.2Explain the importance of financial planning.Task 25
AC 2.3Assess the information needs of different decision makers.Task 25
AC 2.4Explain the impact of finance on the financial statements..Task 25
LO3Be able to make financial decisions based on financial informationAC 3.1Discuss the main financial statements.Task 36
AC 3.2Compare appropriate formats of financial statements for different types of business.Task 47
AC 3.3Assess the viability of a project using investment appraisal techniques.Task 36
LO4Be able to evaluate the financial performance of a business.AC 4.1Discuss the main financial statements.Task 47
AC 4.2Compare appropriate formats of financial statements for different types of business..Task 47
AC 4.3Interpret financial statements using appropriate ratios and comparisons, both internal and external.Task 4

7

Learner declaration
I certify that the work submitted for this assignment is my own and research sources are fully acknowledged.

Student signature:                                                               Date:

Unit Aim

The unit aim is to provide learners with an understanding of where and how to access sources of finance for a business, and the skills to use financial information for decision making.

Unit Abstract

This unit is designed to give learners a broad understanding of the sources and availability of finance for a business organisation. Learners will learn how to evaluate these different sources and compare how they are used.

They will learn how financial information is recorded and how to use this information to make decisions for example in planning and budgeting.

Decisions relating to pricing and investment appraisal are also considered within the unit. Finally, learners will learn and apply techniques used to evaluate financial performance.

Pearson BTEC Level 4 HNC in Business (QCF)

                                                                Unit 2: Managing Financial Resources

and Decisions

HNC Assignment Brief

Unit number and titleUnit2: Managing Financial Resources and Decisions

 

QualificationPearson BTEC Level 4 HNC Diploma  in Business
Start date28th September 2015
Deadline/hand-in11th April 2016
AssessorPeter Keeley
 
Assignment titleManaging Financial Resources and Decisions of Businesses
Purpose of this assignment: Aim is to provide learners with an understanding of where and how to

access sources of finance for a business, and the skills to use financial information for decision making.

This assignment consists of two parts i.e. Part A and Part B

Present your work in the form a business report for part A and B.

Suggested word limit for all tasks 3500 words (+/- 10%). Please note that there is no penalty if you exceeded the word limit and this is only for your guidance.

Scenario for Part: A

For Task 1:

You work as a graduate trainee for ABC finance Ltd, who provide a range of services for clients. One of your duties is the preparation of business plans. A client Freddy Patel intends to start a new business as a Sole Trader on 1 June 2016.

For Task 2

Freddy is to rent a small workshop where he intends to manufacture and sell high quality sports jackets based upon a unique design that the company has patented. He anticipates the following as likely to happen:

  1. Freddy is financing his business using £50,000 of his own savings and £25,000 in the form of a business loan [interest rate = 10%] and an agreed overdraft facility of £45,000 and an agreed overdraft facility of £45,000 [interest rate 2 % per month],  Other data:
  1. Set up costs – Machinery must be bought at a cost of £30,000 in the first month. He must also buy a van, which will cost £24,000 payable in 12 equal monthly instalments starting from January.
  1. Rent of premises will cost £2,000 per month payable quarterly in advance.
  1. Manufacturing – Freddy intends to work flat out and make 400 jackets per month. At present he can import the materials he needs at a cost of £60 per jacket. The materials needed for each month are to be bought monthly on one month’s credit.  Read more : Imperial College London Assignment Help
  1. Freddy expects to make no sales in the first month, which thereafter will rise by 100 each month to a maximum of 400 per month. He is confident that he can sell all that he makes for £100 per jacket. However, he realises that he will have to offer 2 months credit to customers.
  1. Freddy will have to employ certain staff and this amount to £3,600 per month, payable one month in arrears.
  1. Other running costs are estimated by Freddy to be roughly £1,700 per month.
  1. Freddy expects to make drawings of £2,000 per month.
  1. Freddy has been advised that the assets are likely to lose 20% of their value in the first year.
  1. The business loan plus 12% interest must be repaid 13 months after the business starts.

For Task 3:

 Freddy is considering investing in a labour saving machine. The associated costs and savings associated with this machine is given below. You are required to use 2 investment appraisal techniques and to assess the viability of the machine. You are to explain the significance of your findings.

 Data For Task 3 :

Machine 1 – This machine will have an immediate cost of £10,000, it will last 4 years and result in a labour saving cost of £3,000 per annum. The cost of capital is assumed to be 10%.

 TASKS to complete

 Task 1: (LO1: AC1.1, 1.2, 1.3 ):      Understand the sources of finance available to a business

Complete this task using the following scenario:

You work as a graduate trainee for ABC finance Ltd who provide a range of services for clients. One of your duties is the preparation of business plans. A client Freddy Patel intends to start a new business on 1 June 2016 as a Sole Trader.

1.1: Identify the sources of finance available to a business like Freddy Patel.  You need to do research in order to identify sources of finance.[ AC 1.1]

1.2: Assess the implications of the different sources of finance to a business like Freddy Patel. [AC 1.2]

1.3: Evaluate appropriate sources of finance for a business research project like Freddy Patel. [AC 1.3]

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