Money Concepts and Methods to Personal Financial Management Decisions - Management Assignment Help

Assignment Task:

Assessment description

In Continuous Assessment Part 1, you will focus on ideas and techniques introduced in Weeks 1 and 2. You will demonstrate your ability to construct personal financial budgets based on your analysis of personal financial information contained in the Assessment 1 Mini Case Study. You will also apply basic financial mathematics tools (i.e., those associated with  time value of money (TVM) concepts) to the analysis of problems dealing with personal cash flow decisions.  

Assessment aims 
This assessment will develop your knowledge of the personal financial planning process and your analytical and practical skills, preparing you to complete Assessment 2: preparation of a personal financial plan. The personal budgets that you are developing and basic financial mathematics you will be using are important tools in the personal financial planning process.  

By completing this assessment task, you will be able to: 
CO1. Demonstrate proficiency in the application of time value of money concepts and methods to personal financial management decisions.   

CO3. Formulate and use personal financial budgets as devices for the planning and control of personal finances.  

CO5. Demonstrate Business School Enterprise Skills in the context of the Financial Planning discipline: 

i) Self?management (foundation level); and 
ii) Problem Solving (foundation level). 

Assessment criteria 

1.  Demonstrates clear ability to use personal cash budgeting methods and appropriate  financial mathematics to inform personal financial decision making. 
2.  Demonstrates critical and analytical thinking in identifying and utilising appropriate  information from the mini case study and scenarios. 
3.  Both the written responses to tasks/questions and any supporting Excel workbook  calculations are organised and structured in a logical fashion.
4. The written responses evidence an understanding of both the context and purpose of the information being prepared for personal financial planning and decision making. 
5.  The written expression in the response of is of high quality (free from spelling, grammar  and language errors). 

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