Qualifi Level 4 Diploma BUS403 Financial Awareness (M/507/1584) Assessment Brief 2026

BUS403 Assessment Brief

Introduction

Prior to attempting this coursework assignment, Learners must familiarise themselves with the following policies:

• Centre Specification can be found at https://qualifi.net/qualifi-level-4-diploma-in-business-management/
• Qualifi Quality Assurance Standards
• Qualifi Quality Policy Statement

Plagiarism and Collusion

In submitting the assignment Learner’s must complete a statement of authenticity confirming that the work submitted for all tasks is their own. The statement should also include the word count.

Your accredited study centre will direct you to the appropriate software that checks the level of similarity. Qualifi recommends the use of https://www.turnitin.com as a part of the assessment.

Plagiarism and collusion are treated very seriously. Plagiarism involves presenting work, excerpts, ideas or passages of another author without appropriate referencing and attribution.

Collusion occurs when two or more learners submit work which is so alike in ideas, content, wording and/or structure that the similarity goes beyond what might have been mere coincidence

Please familiarise yourself on Qualifi’s Malpractice and Maladministration policy, where you can find further information

Referencing

A professional approach to work is expected from all learners. Learners must therefore identify and acknowledge ALL sources/methodologies/applications used.

The learner must use an appropriate referencing system to achieve this. Marks are not awarded for the use of English; however, the learner must express ideas clearly and ensure that appropriate terminology is used to convey accuracy in meaning.

Qualifi recommends using Harvard Style of Referencing throughout your work.

Appendices

You may include appendices to support your work, however appendices must only contain additional supporting information, and must be clearly referenced in your assignment.

You may also include tables, graphs, diagrams, Gantt chart and flowcharts that support the main report should be incorporated into the back of the assignment report that is submitted.

Any published secondary information such as annual reports and company literature, should be referenced in the main text of the assignment, in accordance of Harvard Style Referencing, and referenced at the end of the assignment.

Confidentiality

Where a Learner is using organisational information that deals with sensitive material or issues, they must seek the advice and permission from that organisation about its inclusion.

Where confidentiality is an issue, Learners are advised to anonymise their assignment report so that it cannot be attributed to that particular organisation.

Word Count Policy

Learners must comply with the required word count, within a margin of +10%. These rules exclude the index, headings, tables, images, footnotes, appendices and information contained within references and bibliographies.

When an assessment task requires learners to produce presentation slides with supporting notes, the word count applies to the supporting notes only.

Submission of Assignments

All work to be submitted on the due date as per Centre’s advice.

All work must be submitted in a single electronic document (.doc file), or via Turnitin, where applicable.

This should go to the tutor and Centre Manager/Programme Director, plus one hard copy posted to the Centre Manager (if required)

Marking and grades

Qualifi uses a standard marking rubric for all assignments, and you can find the details at the end of this document.

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

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

Justified alignment

Single-spaced

12pt Times New Roman font

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)

Formatting

500-600 words

Justified alignment

Single-spaced

12pt Times New Roman font

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.)
• An identification of the recent trends in published accounting information. (AC 3.2)

Formatting:

800-900 words

Justified alignment

Single-spaced

12pt Times New Roman font

Use an appropriate referencing system for footnotes and citations

Awarding Classification/Grading

All unit grading is shown on the qualification transcript.

Fail – 0-39%

Pass – 40%-59%

Merit – 60% – 69%

Distinction 70%+

All units will be internally assessed through written assignment, internally marked by the QUALIFI approved centre and subject to external quality assurance by QUALIFI.

Directions:

1. For each of the criteria listed in the first column, circle one box in the corresponding column to the right which best reflects the student’s work on this particular assessment activity (e.g., project, presentation, essay).
2. Provide specific feedback to a student about each of the criteria scores he/she earned by writing comments and suggestions for improvement in the last row titled “Instructor’s commen ts:

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