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
Qualification | Unit number and title | Unit Code | |||
Pearson BTEC Level 4 HNC Diploma in Business | Unit2 : Managing Financial Resources and Decisions | H/601/0548 | |||
Level | Credit Value | ||||
4 | 15 | ||||
Student name | Assessor name : Peter Keeley | ||||
Assignment | Date issued/ | Drafts Submission dates for formative feedback | Final Submission date for summative assessment | ||
Task1 | 27/01/2016 | 15/02/2016 | 11th April 2016 Via Turnitin on Moodle before 23:59PM | ||
Task 2 | 27/01/2016 | 29/02/2016 | |||
Task 3 | 27/01/2016 | 18/03/2016 | |||
Task 4 | 27/01/2016 | 28/03/2016 | |||
All Tasks | 27/01/2016 | 04/11/2016 | |||
Assignment title | Business Report on Managing Financial Resources and Decisions | ||||
Learning Outcome | Learning Outcome | Assessment Criteria | In this assessment you will have the opportunity to present evidence that shows you are able to: | Task no. | Evidence (Page no) |
LO1 | Understand the sources of finance available to a business. |
AC 1.1 | Identify the sources of finance available to a business | Task 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 | ||
LO2 | Understand the implications of finance as a resource within a business.
| AC 2.1 | Analyse the costs of different sources of finance. | Task 2 | 5 |
AC 2.2 | Explain the importance of financial planning. | Task 2 | 5 | ||
AC 2.3 | Assess the information needs of different decision makers. | Task 2 | 5 | ||
AC 2.4 | Explain the impact of finance on the financial statements.. | Task 2 | 5 | ||
LO3 | Be able to make financial decisions based on financial information | AC 3.1 | Discuss the main financial statements. | Task 3 | 6 |
AC 3.2 | Compare appropriate formats of financial statements for different types of business. | Task 4 | 7 | ||
AC 3.3 | Assess the viability of a project using investment appraisal techniques. | Task 3 | 6 | ||
LO4 | Be able to evaluate the financial performance of a business. | AC 4.1 | Discuss the main financial statements. | Task 4 | 7 |
AC 4.2 | Compare appropriate formats of financial statements for different types of business.. | Task 4 | 7 | ||
AC 4.3 | Interpret 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 title | Unit2: Managing Financial Resources and Decisions
| |
Qualification | Pearson BTEC Level 4 HNC Diploma in Business | |
Start date | 28th September 2015 | |
Deadline/hand-in | 11th April 2016 | |
Assessor | Peter Keeley | |
Assignment title | Managing 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:
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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