QUALIFI ASSESSMENT DOCUMENT
Unit Name Financial Awareness
Unit Reference BUS 1.3
No of Credits 20 Credits
Page 2 of 13
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
Page 3 of 13
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.
Page 4 of 13
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.
Page 5 of 13
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.
Page 6 of 13
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.
Page 7 of 13
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.
Page 8 of 13
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.
Page 9 of 13
Distinguished Excellent Good P
