BUS403 Financial Awareness Assignment Brief

  • Qualification: Qualifi Level 4 Diploma in Business Management
  • Unit: BUS403 – Financial Awareness
  • Unit Reference: M/507/1584
  • Qualification Reference (RQF): 601/6048/2
  • No of Credits: 20 Credits

Unless stated elsewhere, learners must answer all questions in this document.

BUS403 Learning Outcomes and Assessment Criteria

When awarded credit for this unit, a learner will: Assessment of this learning outcome will require a learner to demonstrate that they can:
1. Explore the nature and use of financial information. 1.1 Discuss the need for financial information, its purpose, limitations and the main stakeholders interested in the information.
1.2 Identify accounting arrangements and conventions used by organisations.
2. Investigate the principles and standards used to produce accounting and financial information. 2.1 Explain how accounting frameworks and regulation influence accounting and financial arrangements.
2.2 Explain the uses of published financial information.
2.3 Explain how an organisation uses management accounting practices.
3. Examine financial commentary that interprets and analyses published financial information. 3.1 Explain the main items commented on and explain their importance.
3.2 Identify trends in published accounting information.

BUS403 Assignment Question and Scenario

Scenario

Learners may use their own employment context to write an assignment based on assessment tasks. Assessment tasks are learning outcomes of the unit associated with Assessment Criteria. You are required to generate sufficient evidence on assessment criteria to meet learning outcomes of the unit within the rules, regulations and standards to achieve credits of the unit.

If you are not in employment, please use the following scenario.

Consider you are working as a Financial Manager of a small-medium sized private limited organisation, which deals with its customers all over the world to sell its products and services. Your role includes financing decisions which are mainly concerned with the acquisition of funds to be used for investing and financing day-to-day business operations. In the role of financial manager, you are evaluating the financial condition, business operations and the performance of the company by considering performance indicators of an industry and ensure that shareholders’ interest is protected all the times. You are given a task by Directors to critically evaluate, investigate, and examine the financial systems, processes and procedures of the company and suggest improvement of the financial position of the company.

Task 1 (Formative) – 600 words

Write a report in which you explain the nature and use of financial information. You must include the following:

  • A discussion of why financial information is needed, its purpose, and the main stakeholders interested in the information.
  • An identification of the different accounting arrangements and conventions used by organisations.

Formatting: 500-700 words. Use an appropriate referencing system for formatting and citations.

Task 2 (Summative) – 550 words

Write a short investigation into the principles and standards used to produce accounting and financial information. Your answer must include:

  • An explanation of how accounting frameworks and regulation influence accounting and financial arrangements. (AC 2.1)
  • An outline of the uses of published financial information. (AC 2.2)
  • An explanation of how an organisation uses management accounting practices. (AC 2.3)

Assessment Criteria

Assessment of this learning outcome will require a learner to demonstrate that they can:

  • 2.1 Explain how accounting frameworks and regulation influence accounting and financial arrangements.
  • 2.2 Explain the uses of published financial information.
  • 2.3 Explain how an organisation uses management accounting practices.

Formatting: 500-600 words. Use an appropriate referencing system for formatting and citations.

Task 3 (Summative) – 850 words

Write your own interpretation of a piece of financial commentary that interprets and analyses published financial information. Your answer must contain:

  • An explanation of the main items considered, and of their importance to the article. (AC 3.1)
  • An identification of the recent trends in published accounting information. (AC 3.2)

Assessment Criteria

Assessment of this learning outcome will require a learner to demonstrate that they can:

  • 3.1 Explain the main items commented on and explain their importance.
  • 3.2 Identify trends in published accounting information.

Formatting: 800-900 words. Use an appropriate referencing system for footnotes and citations.

Get Expert Help with BUS403 Financial Awareness

This unit moves from basics to interpretation across three tasks. You must explain why financial information is needed and who uses it, show how accounting frameworks and regulation shape what companies publish, describe how management accounting is used, and then interpret a real piece of financial commentary and its recent trends. All of it has to fit tight word limits and be properly referenced, from a financial manager’s point of view.

The tutors at Malta Assignment Help can guide you through each assessment criterion of BUS403. Our MBA assignment help covers the finance and management accounting side, our essay writing service helps you interpret a financial article in your own words for Task 3, and our college assignment help supports Level 4 coursework, so your submission stays original and well referenced.