MODULE CODE Assessment CW1 – A report into selected aspects of capital appraisal and long term decision making.

Module leader: R Mason;

Task Production of a Business Report Nature of submission Turnitin Format of submission Report – 2,000 words Weighting 50% Submission date Submission feedback date Within 4 weeks of submission date Submission method Turnitin dropbox Learning outcomes tested

1. Assess and critically evaluate alternative short-term and long-term sources of business finance and apply working capital management techniques to manage short-term finances. 2. Identify the role and purpose of financial management function in modern organizations and assess the impact of business environment on financial management.

Malpractice The department takes academic misconduct seriously. Please read and make sure you understand: https://www.edgehill.ac.uk/registry/assessment-and-results/academic-malpractice/

Extensions Extensions are only permitted for a limited number of circumstances.

The department extension policy is described in detail here:

https://learningedge.edgehill.ac.uk/webapps/blackboard/content/listContentEditable.jsp?c ontent_id=_2437906_1&course_id=_189198_1&mode=reset

Assessment brief

Scenario

Having recently graduated you are employed as a trainee accountant in the finance department of a large organisation. The Director of Finance has asked for a report considering asset investment decisions and capital rationing: the company is considering a major capital investment decision, a replacement of its fleet vehicles and the DOF wants to see any advantages of purchasing over leasing capital assets by the organisation in the environment of risk and uncertainty caused by Brexit.

Requirement: Write a report using examples considering the evaluation of the choice between borrowing to purchase and leasing an asset. Your report should consider the following aspects of investment appraisal. How might the before and after tax costs of debt affect the debt decision? How might the decision be considered in an environment where capital availability is limited? What factors should be considered in making a capital investment in an environment of risk and uncertainty?

Assessment Criteria

Criteria Significance level 1 Analysis: Depth of research and analysis: • Report displays a thorough understanding and analysis of the question • Use of examples to support discussion • Correct calculations where appropriate • Knowledge and understanding of the relevant theory
30%
2 Knowledge and comprehension of theoretical concepts to practical situations. Report shows: • Understanding and critical application of theoretical concepts to relevant issues • Effective analysis of appropriate business theory and concepts • Evidence of wider reading and research o Journals/CDROM/Internet o Business text books o Professional manuals
40% 3 Communication and presentation: • Presented in an appropriate report format. • Concise and focused writing style Displaying an absence of typographical and grammatical errors • Harvard Referencing is used effectively. • Appropriate bibliography is included. • Use of tables, graphs appendices to convey data/statistics 30%

Grading indicators (what we are looking for)

Topic knowledge
Does the subject when looked at a document indicate that you have developed a good knowledge of the topic and what this means to your research question. 0-10% Absence 10-20% Relies on single brief descriptive account of a single concept linked to chosen topic, related theoretical models, theories or more generally management/marketing theory. 20-30% Relies on single descriptive account of the chosen topic, related theories and theoretical models or more generally management/marketing theory. 30-40% Relies on descriptive account of a limited range of chosen topics and related theoretical models or more generally management/marketing theory. 40-50% Relies on descriptive account of a limited range of descriptive understanding of chosen topic and theories, frameworks and models as applied to chosen context. 50-60% Adequate understanding but largely descriptive understanding of chosen topic and theories, frameworks and models as applied to chosen context. 60-70% Demonstrates a good understanding of the chosen topic and associated theory and concepts by illustrate this with clear linkages between the two. Makes use of current academic thinking in this area. 70-80% Demonstrates a largely consistent and sophisticated understanding of the chosen topic and associated theories, frameworks and models. Able to make strong linkages to chosen topic. Good use of current academic thinking in this area which is largely application rather than description. Able to offer some novel conclusions about what this means for future of chosen topic. 80-90% Demonstrates a consistent and sophisticated understanding of the chosen topic and associated theories, frameworks and models. Able to make strong linkages to chosen topic. Excellent use of current academic thinking in this area which is significantly application and analysis rather than description. Able to offer significant novel conclusions about what this means for future of chosen topic. 90%-100% Demonstrates a consistent and sophisticated understanding of the chosen topic and associated theories, frameworks and models. The work is underpinned with a systematic use of seminar works for chosen topic. Able to make strong linkages to chosen topic. Excellent use of current academic thinking in this area which is virtually all application and analysis. Able to offer significant and theoretically sound novel conclusions about what this means for future of chosen topic.