M/507/1584: Qualifi Level 4 Certificate in Business Management - Financial Awareness - Report Writing - Business Management Assignment Help

Assignment Task:

1. Achieve the criteria, via the 
1.1 Identify and analyse the impact of the resources of change on the organisation.
1.2 Explain positive and negative implications for making the change.
1.3 Evaluate organisation plans and arrangements and their fitness to accommodate the change.

2. Task Assigned with the
2.1. Provide reasons and recommendations to support a team approach to managing change. 
2.2 Consider options for an organisation that needs to make changes. 
2.3. Evaluate options and provide reasons to select a particular option, or set of options.

3. list of Required Evidence:
3.1 Produce plans that prepare the organisation for change and support implementation.
3.2. Monitor and evaluate the change implementation.
3.3 Review the successes and/or failures of the change process.

Purpose of this Assignment    
This assignment provides the learner with an understanding of the importance of corporate culture in an organisation’s success, and the managerial skills to influence the achievement of that culture.    

TASK 1:
(A) Identify the stakeholders of financial information of the company that you chose and explain what would be their information needs.

(B) Identify a few accounting principles and conventions used by the company in the preparation of their financial reports.

( Assessment Criteria 1.1 and 1.2)
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.

TASK 2:
(A) Explain the role played by the International Accounting Standards Board (IASB) and how do the International Financial Reporting Standards (IFRS) strengthen the accountability and transparency of the company.

(B) Explain a few uses of published accounting information of the company, including the use of management accounting practices.

( Assessment Criteria 2.1, 2.2 and 2.3) 
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.

TASK 3:
(A) Identify and explain the items on the Balance Sheet and Income Statement of the company. State your comments detailing the importance of the major items. 

Identify and explain the trends that you observe in the financial performance and financial condition of the company.

(Items to consider in the Income Statement would be Sales, Cost of Goods sold, Gross Profit, operating expenses or some items within operating expenses and the Net Income. Areas to consider from the Balance Sheet would be Total Assets, current assets, current liabilities, long term debt.
You may use ratios like NPM, GPM & ROE to analyse the profitability. You may use Debt ratios to analyse the debt position and Receivables in days to explain and identify trends in the company.)

(Assessment Criteria 3.1 and 3.2)
3.1 Explain the main items commented on and explain their importance.
3.2. Identify trends in published accounting information.

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