FINANCIAL MANAGEMENT & CONTROL  

UNIVERSITY OF SUNDERLAND

LEVEL                                                             M

 

MODULE:                                         FINANCIAL MANAGEMENT & CONTROL

 

ASSIGNMENT CODE:                    PGBM01

                                                                   

Submission Date:             1^st February, 2021 (by 2pm)

 

You should submit your assignment electronically by uploading it to the Canvas Turnitin Submission area under Assignments, prior to the deadline shown above. 

The assignment should be submitted as a WORD file

Assessment weight:                100% of module

 

Outcomes Assessed:               All module learning outcomes, knowledge and skills, are assessed in this assignment.

This assessment is in two parts, please answer all elements.

 

Please note that this is an individual assignment and the policy of the University on “Policy on Cheating, Collusion and Plagiarism” applies.

 

Please write your Tutor’s name clearly on the front of the assignment.

 

Part A – Marine Time Plc2

 

You are a financial analyst at Marine Time Plc; a public limited company specialising in manufacturing and distributing medical equipment. The Board of Directors have looked into the financial statements of the company for the last two years and have raised concerns regarding both the company’s profitability and liquidity. The financial statements of Marine Time for the last two years are given below:

 

Statement of Comprehensive Income for the year ended 31 December

 

	2020			2019
	£000	£000		£000	£000
Revenue		19,345			17,890
Less: Cost of sales:
Opening Inventory	1,000			1,185
Manufacturing costs	10,340			7,855
	11,340			9,040
Less: Closing Inventory	(1,480)			(1,000)
		(9,860)			(8,040)
Gross profit		9,485			9,850
Less: Expenses
Selling & distribution expenses	2,225			1,795
Administrative expenses	985			965
Bad debts written off	565			480
		(3,775)			(3,240)
Operating profit		5,710			6,610
Less: Interest payable		(2,160)			(1,565)
Profit before tax		3,550			5,045
Less: Income tax		(990)			(875)
Profit after tax		2,560			4,170
Less: Dividends paid		(1,980)			(2,225)
Retained profit for the year		580			1,945

 

 

Statement of Financial Position as at 31 December

 

	2020			2019
		£000			£000
ASSETS Non-Current Assets (net)
Land and building		15,115			12,250
Equipment		2,350			1,815
Motor vehicles		1,175			680
		18,640			14,745
Current Assets
Inventory		1,480			1,000
Trade Receivables		2,650			2,115
Cash		0			675
		4,130			3,790
Total Assets		22,770			18,535
EQUITYAND  LIABILITIES
Equity
Ordinary shares of £1 each		8,010			8,010
Retained earnings (reserves)		2,150			1,570
		10,160			9,580
Non-current liabilities
Loan stock		(9,300)			(6,400)
Current liabilities
Trade Payables		1,925			1,655
Taxation		1,025			900
Bank overdraft		360			0
		3,310			2,555
Total Equity and Liabilities		22,770			18,535

 

Required: （notes：红色部分字体很重要）

 

1. Prepare a report for the Board of Marine Time Plc. that evaluates the performance of Marine Time Plc in relation to profitability, liquidity, gearing, efficiency (asset utilisation)  and investor potential. Your report must be supported by the calculation of relevant ratios in the five evaluation areas mentioned above.                                                                                                                                                                                                                                                                               (30%)

 

1. Calculate the Working Capital Cycle in days for Marine Time Plc based on the information above, assuming 365 days, for the years 2020 and 2019 AND briefly comment on the company’s liquidity position in 2020 compared to 2019. (round to the nearest day)                                                                                                                                                                                                                              (10%)

 

1. Critically evaluate the limitations of using ratio analysis for both cross-sectional and time-series comparisons.                                                                                                                                                                                                                                                                                                                                                                                                                       (10%)

 

All calculations should be clearly shown including all appropriate workings, and should be made to the nearest £000 or two decimal places where required.

 

Total for Part A: 50%

 

Part B

 

Required:

 

Critically evaluate and contrast the use of traditional budgeting methods in today’s contemporary business environment with another method of your choice. Illustrative examples including numerical or case studies may be used                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    (50%)

Total for Paper: 100%

 

仔细读题，写作重点提示在下一页

Notes: 2,000 words overall. (plus or minus 10%)

1. To obtain a high mark, you should:

1. Make your report concise, precise and well presented and structured;
2. Draw logical conclusions from accounting information;
3. Synthesise information in a coherent and useful way;
4. Show evidence of key text and background reading;
5. Incorporate your knowledge into an integrated piece of work;
6. Demonstrate critical understanding of financial management.

1. Harvard standard referencing is required for the report

 

1. 1. For structural issues, please refer to the standard structure (Harvard standard referencing is required for the report)

Cover title page with the module 、name、name ID

Directory include pages

Introduction (please combine the definition introduction of this course, not just the report introduction)

Text partA, add title (subtitle) to each subtitle (strongly request to focus on week4, 5, 6, 7)

Q1……(If there is an error in the calculation result of the ratio, please recalculate and analyze, each item needs to be analyzed, and then give your own conclusion after analysis, including the argument summary) week4, 5

Q2……(Need to have working capital cycle calculation table display and analysis) week5, 6

Q3……(analysis required) week6, 7

Body partB,

Q1. Add title (analysis and demonstration required)

Conclusion and recommendation

References

Appendices (Appendices Q1 and Q2 calculation process, the number of words is not counted, refer to the calculation process shown in the courseware)

2、

part A: 1, 2, 3 strongly request to see the courseware, there are detailed explanations and demonstration examples, please refer to

part A: 1, 2, 3 strongly request to see the courseware, there are detailed explanations and demonstration examples, please refer to

part A: 1, 2, 3 strongly request to see the courseware, there are detailed explanations and demonstration examples, please refer to

3. It is strongly required to read all the courseware before writing, and try to use the books recommended by the teacher (pgbm01→units→Key Module Reading Materials) for references.

Link: https://canvas.sunderland.ac.uk/

Account number: bh70cx code: Lqq121314..

4. Carefully read the assignment Required above

 

ASSESSMENT CRITERIA AT THE LEVEL OF THE TARGET AWARD                                                                                                                             

 

Generic Assessment Criteria – Postgraduate

These should be interpreted according to the level at which you are working and related to the assessment criteria for the module

		Categories
	Grade	Relevance	Knowledge	Analysis	Argument and Structure	Critical Evaluation	Presentation	Reference to Literature
Pass	86 – 100%	The work examined is exemplary and provides clear evidence of a complete grasp of the knowledge, understanding and skills appropriate to the Level of the qualification.  There is also ample excellent evidence showing that all the learning outcomes and responsibilities appropriate to that Level are fully satisfied. At this level it is expected that the work will be exemplary in all the categories cited above. It will demonstrate a particularly compelling evaluation, originality, and elegance of argument, interpretation or discourse.
	76-85%	The work examined is outstanding and demonstrates comprehensive knowledge, understanding and skills appropriate to the Level of the qualification.  There is also excellent evidence showing that all the learning outcomes and responsibilities appropriate to that level are fully satisfied. At this level it is expected that the work will be outstanding in the majority of the categories cited above or by demonstrating particularly compelling evaluation and elegance of argument, interpretation or discourse.
	70 – 75%	The work examined is excellent and is evidence of comprehensive knowledge, understanding and skills appropriate to the Level of the qualification.  There is also excellent evidence showing that all the learning outcomes and responsibilities appropriate to that level are satisfied  At this level it is expected that the work will be excellent in the majority of the categories cited above or by demonstrating  particularly compelling evaluation and elegance of argument, interpretation or discourse.
	60 – 69%	Directly relevant to the requirements of the assessment	A substantial knowledge of relevant material, showing a clear grasp of themes, questions and issues therein	Comprehensive analysis – clear and orderly presentation	Well supported, focussed  argument which is clear and logically structured.	Contains  distinctive or independent thinking; and begins to formulate an independent position in relation to theory and/or practice.	Well written, with standard spelling and grammar, in a readable style with acceptable format	Critical appraisal of up-to-date and/or appropriate literature.  Recognition of different perspectives.  Very good use of a wide range of sophisticated source material.
	50 – 59%	Some attempt to address the requirements of the assessment: may drift away from this in less focused passages	Adequate knowledge of a fair range of relevant material, with intermittent evidence of an appreciation of its significance	Significant analytical treatment which has a clear purpose	Generally coherent and logically structured, using an appropriate mode of argument and/or theoretical mode(s)	May contain some distinctive or independent thinking; may begin to formulate an independent position in relation to theory and/or practice.	Competently written, with only minor lapses from standard grammar, with acceptable format	Uses a good variety of literature which includes recent texts and/or appropriate literature,  including a substantive amount beyond library texts.  Competent use of source material.
	40 – 49%	Some correlation with the requirements of the assessment but there is a significant degree of irrelevance	Basic understanding of the subject but addressing a limited range of material	Some analytical treatment, but may be prone to description, or to narrative, which lacks clear analytical purpose	Some attempt to construct a coherent argument, but may suffer loss of focus and consistency, with issues at stake stated only vaguely, or theoretical mode(s) couched in simplistic terms	Sound work which expresses a coherent position only in broad terms and in uncritical conformity to one or more standard views of the topic	A simple basic style but with significant deficiencies in expression or format that may pose obstacles for the reader	Evidence of use of appropriate literature which goes beyond that referred to by the  tutor.  Frequently only uses a single source to support a point. Weak use of quotation

 

 

 

Fail	35 – 39%	Relevance to the requirements of the assessment may be very intermittent, and may be reduced to its vaguest and least challenging terms	A limited understanding of a narrow range of material	Largely descriptive or narrative, with little evidence of analysis	A basic argument is evident, but mainly supported by assertion and there may be a  lack of clarity and coherence	Some evidence of a view starting to be formed but mainly derivative.	Numerous deficiencies in expression and presentation; the writer may achieve clarity (if at all) only by using a simplistic or repetitious style	Barely adequate use of literature.  Over reliance on material provided by the tutor.
		The evidence provided shows that the majority of the learning outcomes and responsibilities appropriate to that Level are satisfied.
	30 – 34%	The work examined provides insufficient evidence of the knowledge, understanding and skills appropriate to the Level of the qualification.  The evidence provided shows that some of the learning outcomes and responsibilities appropriate to that Level are satisfied.  The work will be weak in some of the indicators.
	15-29%	The work examined is unacceptable and provides little evidence of the knowledge, understanding and skills appropriate to the Level of the qualification.  The evidence shows that few of the learning outcomes and responsibilities appropriate to that Level are satisfied. The work will be weak in several of the indicators.
	0-14%	The work examined is unacceptable and provides almost no evidence of the knowledge, understanding and skills appropriate to the Level of the qualification.  The evidence fails to show that any of the learning outcomes and responsibilities appropriate to that Level are satisfied. The work will be weak in the majority or all of the indicators.