ACFI6004 : Finance and Accounting for Business - Accounting and Finance Assignment Help

Assignment Task:

Task:

Learning Outcomes assessed

1. Use basic accounting terminology and techniques to prepare and analyse published financial   accounting information
2. Demonstrate an ability to prepare basic management accounting information
3. Critically assess the techniques and processes used in accounting
4. Communicate financial information both orally and in the written form

Objectives 

Both tasks account for 100% of the marks for this module.

In the calculations task (20%) you will demonstrate how to calculate and prepare basic management accounting information using budgeting, ratio analysis and investment appraisal techniques

In the report task (80%) you will demonstrate how to interpret the numbers to make the information useful for managers and investors.

Both tasks encourage research and financial analysis. It also develops and demonstrates an understanding of the decisions based on budgeting, investment appraisal techniques and ratio analysis.

Calculations Task (20%).

Required:

1. Using the provided financial statements of Carpetright Plc for the year ended 27 April 2019, you are required to select and calculate an appropriate set of ratios to assess the business.                                                                                                                                                                                    6 marks

You should clearly show all the formulae and calculations. The figures should be rounded to two decimal places.  

2. Braemar Council wishes to evaluate an investment in machinery used in manufacturing of new type of heating system. “Inverter”.  The “Inverter” would enable the Braemar Council to address the increasing demand for eco-friendly heating systems in housing and business sectors.  The Braemar Council is not sure which Machine to invest in. They have the option to choose from 3 different machines.  Life of the machines and the purchase prices are as follows.

In each case the initial investment represents the purchase of plant and equipment whose residual value will be 20% of initial cost, receivable in addition to the net cash flow, at the end of the life of the project. Forecast sales volume, selling price and other costs are as follows;

The machine B and C have only recently been introduced to the market and has not been fully tested in operating conditions. Because of the higher risk involved, the appropriate discount factor for the machine B and C is believed to 12% per year, 2% higher than the discount rate for Machine A.

Requirement

For each of the three projects:

1. Calculate the accounting rate of return (based on the average investment method).                                                                                                                                                         3 marks
2. Calculate the payback period.                                                                                             1.5 marks
3. Calculate the net present value.                                                                                       3 marks

3. Prepare Braemar council’s cash budget from July 2020 to October 2020 from the following budgeted data.

The following additional information is available:

1. 35% of the customers pay cash and the remainder take 1 month to pay.
2. 45% of the purchases are paid for after 1 month and the remainder in 2 months’ time.
3. Wages are paid in the current month.
4. Other overheads are paid after 2 months.
5. Capital expenditure is paid in the following month.
6. Opening cash balance for July was £2,800 overdraft.

                                                                                                                                                                                   6.5 marks

Additional Guidance

1. Clearly show all the calculations and the formulae used in your calculations and it should be done MANUALLY rather than copying figures from websites.

2. You must not depend on the disclosed ratios in the annual reports. You are required to prepare these ratios on your own.

Report writing Task (80%);

Required

1. Using a selection of the ratios calculated in the calculations task, comment on the profitability of Carpetright Plc and discuss how the cash operating cycle can be improved to increase the profitability of Carpetright plc?                                                                                                                   40 marks
2. Braemar is a thriving and diverse town, an important commercial and cultural centre and home to over 100,000 people living in more than 35,000 households. The population has grown by 12% over the last 11 years and is expected to continue to grow. Braemar Council provides a wide variety of services including public health, traffic, parking, schools, parks and animal management.  2017/18 was a challenging year for Braemar Council. National reductions in government grant funding, coupled with in-year service demands, led to a £2.2m budget deficit. Panels have been established to decide on the type of budget council should use that can provide more accurate and up to date financial information to assist decision making.  Your role is to write a report to the panel briefly explaining different types of budgets, which type of the budget you think is most suitable for the council and why?

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