Explain frequently used accounting terminology.

COURSEWORK TEMPLATE

Coursework Brief:

Assessment Requirements

Your formative coursework brief relates to the ICAEW’s Without Question film which is available to view via the ‘recorded sessions’ tab on the MANG1001 BlackBoard site. Assume that Year 1 in the film is 2016 and Year 2 is 2017.

It is now 2020 and you are working for Rapston Hotels as a financial accountant. After a turbulent 2016 and 2017 the Bialto Beach project has gone ahead and the hotel is now operating. A publish set of accounts for Bialto Beach Limited have been prepared (see Appendix 1). Before accounts are finalised you are required to undertake two tasks:

Several transactions (see Appendix 2) have not been accounted for in the publish accounts. Please review these transactions and update the Bialto Beach accounts if appropriate, please provide a commentary justifying why / why not you have chosen to update the accounts for each transaction. You have also been asked to identify what else needs to be added to the publish accounts in order to make them ready for submission to Companies House.
Rapston Hotel’s are interested in purchasing another hotel chain, easyHotel Plc. You have been asked to undertake a financial statement analysis using the most recent set of accounts of easyHotel Plc to assess whether it would be a good acquisition for Rapston Hotels. A reminder that Rapston Hotel’s financial performance and position is almost exactly the same as the InterContinental Hotel Group’s, however Rapston Hotels are about 25% of the size of IHG (please download the easyHotel Plc and IHG Plc financial statements to help you undertake your analysis).

When answering both tasks you should be mindful of the events and themes within the film as well as events that have affected the tourism and hospitality sector from 2016 to date.

A reminder that any resources used when compiling the report should be referenced using the Harvard Referencing system. You will find more information about Harvard referencing on the BlackBoard site.
Assessment criteria
Task 1 – 45%
Task 2 – 45%
Introduction, conclusion, structure, grammar and presentation of written report – 10%
Learning Outcomes:
Undertaking this coursework assignment will help you demonstrate the majority of the modules leaning outcomes, including:
Knowledge and understanding
Having successfully completed this coursework you will be able to demonstrate knowledge and understanding of:
A1. The main users of financial statements and their needs.
A4. Basic principles and accounting concepts underlying the preparation of financial statements.
Subject specific intellectual and research skills
Having successfully completed this coursework you will be able to:
B2. Recognise and discuss measurement problems arising in Financial Accounting
B3. Explain frequently used accounting terminology.
B6. Develop intellectual skills associated with analysing, recording, communicating and evaluating financial information, using both qualitative and quantitative techniques, for stewardship and decision making.
Transferable and Generic Skills
Having successfully completed this coursework you will be able to:
C1. Demonstrate learning, numeracy, problem solving and written communication skills.
C2. Show developed self-management skills.

AE1 – Marking Grid

Percentage 0 – 24 25 – 39 40 – 49 50 – 59 60 – 69 70 – 79 80 – 100
Degree Class Fail Compensatable Fail* Third class Class 2.2 Class 2.1 First Class First class
Task 1 – 45%
Inadequate evidence of knowledge. Little or no ability to use research effectively.

Limited and patchy evidence of knowledge and understanding. Patchy evidence of appropriate use of research.

Inconsistent evidence of knowledge and understanding of basic concepts. Research applied with some consistency. Evidence of sound knowledge and understanding of basic concepts. Effective but unimpressive use of research.
Good evidence of knowledge of basic concepts. Good use of research to support their explanations. A comprehensive and thorough awareness of basic concepts. Confident use of research to support their explanations. Exceptional evidence of knowledge of basic concepts. Outstanding use of research to support their explanations.
Task 2 – 45% Inadequate evidence of knowledge. No or inappropriate evidence of reading. Little or no ability to use research effectively.

Limited and patchy evidence of knowledge and understanding. Limited evidence of reading. Patchy evidence of appropriate use of research.

Inconsistent evidence of knowledge and understanding of basic concepts. Some evidence of reading the literature. Research applied with some consistency. Evidence of sound knowledge and understanding of basic concepts. Appropriate use of sources to show understanding of concepts. Effective but unimpressive use of research.
Good evidence of knowledge of basic concepts. Evidence of extensive reading. Literature used to support central explanations. Good use of research to support their explanations. A comprehensive and thorough awareness of basic concepts. As expected with 2.1 level and evidence of comprehensive reading that extends beyond core texts and resources. Confident use of research to support their explanations. Exceptional evidence of knowledge of basic concepts. As expected with 2.1 level and evidence of comprehensive reading that extends beyond core texts. Outstanding use of research to support their explanations.
Structure, grammar and presentation of written report – 10% Very poor presentation. Content often/mostly inarticulate. Mostly incomprehensible. Sometimes confusing and inarticulate. Often incomprehensible. Significant deficiencies in presentation and expression. Inconsistent and poor use of language. Some deficiencies in presentation and content are apparent. Competent but some inconsistencies apparent. Mostly well presented and expressed. Clear and appropriate use of language. Very well presented and expressed. Confident and very good use of language. Very competent presentation and fluent use of expression. Confident and very good use of language.

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