Managing Financial Resources - Finance Management Assignment Help

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Assignment Task

 

Assessment Task: Additional Guidance
This document is provides additional guidance to assist students as they undertake MFR Assessment Task 1.
Note that the requirements for Assessment Task 1 are set out in the Unit Guide, and the information in this document is only intended to be supplementary to that.

Assessment Purpose
The underlying learning objective that we are seeking students to demonstrate is that you can read, understand, interpret and analyse the information contained in the General Purpose Financial Statements (GPFS) and in the associated notes of a chosen organisation, in order to make informed conclusions about its financial position
and financial performance.
Students are expected to be able to demonstrate proficiency in interpreting the key items on the Balance Sheet, Income Statement and Cash Flow Statement. You should be able to relate the financial information on these statement (and in any supporting notes) to the actual operational dynamics of the organisation. Thus, show application and interpretation. Draw meaning from the financial statements by providing a discussion and evaluation of the financial performance and position of the chosen organisation.

Financial analysis
You will notice that the name of the Task is Financial Statement Analysis. Thus, analysis is essential. Students are expected to use the financial analysis techniques referred to in Topics 3 and 4, and specifically must include some ratio analysis. You may choose to use the other analysis methods, such as vertical, horizontal or trend. Your choice should be driven by what will be useful in the analysis and in conveying your arguments. Analysis involves drawing meaning from the results and goes beyond stating what the results are or how they have changed.

Some further tips in relation to analysis:
• In your assessment, we would expect coverage of the main financial dimensions (per topic 3 and topic 4), but focus on those most relevant to the organisation. Your informed consideration of what you consider to be most relevant is also important as it demonstrates understanding of the financial dynamics of the organisation.
• Provide ratios (and possibly also trend, vertical or horizontal analysis) as evidence of the organisation’s performance in the financial dimensions.
• Provide theory/concept explanation to show that you know what information the financial ratios provide and what financial issues they illustrate.

 

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