Financial Awareness

QUALIFI ASSESSMENT DOCUMENT
Qualification Qualifi Level 4 Diploma in Business Management
Qualification No (RQF) 601/6048/2
Unit Name Financial Awareness
Unit Reference BUS 1.3
No of Credits 20 Credits
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Introduction
Prior to attempting this coursework assignment, Learners must familiarise themselves with the following policies:
• Centre Specification
o Can be found at https://qualifi.net/qualifi-level-4-certificate-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
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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.
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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.
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Assignment Question
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. Therefore, prepare a report
based the following 3 tasks that will help Directors to set long-term strategic plan.
NOTE: Previous two years accounts are in the Appendix.
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Task 1 – 600 words
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.
Assessment Criteria
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.
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Task 2 – 850 words
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.
Assessment Criteria
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.
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Task 3 – 550 words
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.
Assessment Criteria
3.1: Explain the main items commented on and explain their importance.
3.2: Identify trends in published accounting information.
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Distinguished Excellent Good Proficient Basic Marginal Unacceptable
Criteria 80+ 70 60 50 40 30 0
Content
(alignment with
assessment criteria)
Extensive evaluation
and synthesis of
ideas; includes
substantial original
thinking
Comprehensive
critical evaluation
and synthesis of
ideas; includes
coherent original
thinking
Adequate
evaluation and
synthesis of key
ideas beyond basic
descriptions;
includes original
thinking
Describes main
ideas with evidence
of evaluation;
includes some
original thinking
Describes some of
the main ideas but
omits some
concepts; limited
evidence of
evaluation;
confused original
thinking
Largely incomplete
description of main
issues; misses key
concepts; no
original thinking
Inadequate
information or
containing
information not
relevant to the topic
Application of
Theory and
Literature
In-depth, detailed
and relevant
application of
theory; expertly
integrates literature
to support ideas and
concept
Clear and relevant
application of
theory; fully
integrates literature
to support ideas and
concepts
Appropriate
application of
theory; integrates
literature to support
ideas and concepts
Adequate
application of
theory; uses
literature to support
ideas and concepts
Limited application
of theory; refers to
literature but may
not use it
consistently
Confused
application of
theory; does not use
literature for
support
Little or no evidence
of application of
theory and relevant
literature
Knowledge and
Understanding
Extensive depth of
understanding and
exploration beyond
key principles and
concepts
Comprehensive
knowledge and
depth of
understanding key
principles and
concepts
Sound
understanding of
principles and
concepts
Basic Knowledge
and understanding
of key concepts and
principles
Limited and
superficial
knowledge and
understanding of
key concepts and
principles
Confused or
inadequate
knowledge and
understanding of
key concepts and
principles
Little or no evidence
of knowledge or
understanding of
key concepts and
principles
Presentation and
Writing Skills
Logical, coherent
and polished
presentation
exceeding
expectations at this
level; free from
errors in mechanics
and syntax
Logical, coherent
presentation
demonstrating
mastery; free from
errors in mechanics
and syntax
Logical structure to
presentation; makes
few errors in
mechanics and
syntax which do not
prohibit meaning
Orderly
presentation; minor
errors in mechanics
and syntax
Somewhat weak
presentation; errors
in mechanics and
syntax may interfere
with meaning
Confused
presentation; errors
in mechanics and
syntax often
interfere with
meaning
Illogical
presentation lacking
cohesion; contains
significant errors
that interfere with
meaning
Referencing
Advanced use of intext citation and
references
Mastery of in-text
citation and
referencing
Appropriate use of
in-text citation and
referencing
Adequate use of intext citation and
referencing
Limited use of intext citation and
referencing
Inadequate use of
citation and
referencing
Little or no evidence
of appropriate
referencing or use
of sources
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Instructor’s Comments
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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 comments.”
3. To arrive at a mark, total the boxes and divide by 5 to arrive at final mark.
Example:
D