MANG1001 Financial Accounting 1

DELETE AS APPROPRIATE:

Each student should draft their report on Microsoft Word and submit it via Turnitin, a link will be provided on the MANG1001 BlackBoard site under the ‘Assessments’ tab.  Students who submit will receive feedback on their submission within the University’s 4 week turn around policy.

You will be able to access your individual feedback through the same Turnitin software that you use to submit your report.  Feedback outlining key tends and observations from students across the module will be given by a recorded lecture which you will be able to access using the ‘recorded sessions’ tab of the MANG1001 BlackBoard site.

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 draft set of accounts for Bialto Beach Limited have been prepared (see Appendix 1).  Before accounts are finalised you are required to undertake two tasks:

1.     Several transactions (see Appendix 2) have not been accounted for in the draft 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 draft accounts in order to make them ready for submission to Companies House.

2.     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:

A.  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.

B.  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.

C.  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

Word Limit: +/-10% either side of the word count (see above) is deemed to be acceptable. Any text that exceeds an additional 10% will not attract any marks. The relevant word count includes items such as cover page, executive summary, title page, table of contents, tables, figures, in-text citations and section headings, if used. The relevant word count excludes your list of references and any appendices at the end of your coursework submission.

You should always include the word count (from Microsoft Word, not Turnitin), at the end of your coursework submission, before your list of references.

Title/Cover Page: You must include a title/ cover page that includes: your Student ID, Module Code, Assignment Title, Word Count. This assignment will be marked anonymously, please ensure that your name does not appear on any part of your assignment.

References: You should use the Harvard style to reference your assignment. The library provide guidance on how to reference in the Harvard style and this is available from: http://library.soton.ac.uk/sash/referencing

Submission Deadline: Please note that the submission deadline for Southampton Business School is 16.00 for ALL assessments.

Turnitin Submission: The assignment MUST be submitted electronically via Turnitin, which is accessed via the individual module on Blackboard. Further guidance on submitting assignments is available on the Blackboard support pages.

It is important that you allow enough time prior to the submission deadline to ensure your submission is processed on time as all late submissions are subject to a late penalty.  We would recommend you allow 30 minutes to upload your work and check the submission has been processed and is correct. Please make sure you submit to the correct assignment link.

You will know that your submission has completed successfully when you see a message stating ‘Congratulations – your submission is complete…’. It is vital that you make a note of your Submission ID (Digital Receipt Number). This is a unique receipt number for your submission, and is proof of successful submission. You may be required to provide this number at a later date.  We recommend that you take a screenshot of this page, or note the number down on a piece of paper.  You should also receive an email receipt containing this number, and the number can be found after submitting by following this guide.  This method of checking your submission is particularly useful in the event that you don’t receive an email receipt.

You are allowed to test submit your assignment via Turnitin before the due date. You can use Turnitin to check your assignment for plagiarism before you submit your final version. See “Viewing Your Originality Report” for guidance.  Please see the Module Leader/lecturer on your module if you would like advice on the Turnitin Originality report.

The last submission prior to the deadline will be treated as the final submission and will be the copy that is assessed by the marker. 

It is your responsibility to ensure that the version received by the deadline is the final version, resubmissions after the deadline will not be accepted in any circumstances.

Important: If you have any problems during the submission process you should contact ServiceLine immediately by email at Serviceline@soton.ac.uk or by phone on +44 (0)23 8059 5656.

Late Penalties: Further information on penalties for work submitted after the deadline can be found here.

Special Considerations: If you believe that illness or other circumstances have adversely affected your academic performance, information regarding the regulations governing Special Considerations can be accessed via the Calendar: http://www.calendar.soton.ac.uk/sectionIV/special-considerations.html

Extension Requests: : Extension requests along with supporting evidence should be submitted to the Student Office as soon as possible before the submission date. Information regarding the regulations governing extension requests can be accessed via the Calendar: http://www.calendar.soton.ac.uk/sectionIV/special-considerations.html

Academic Integrity Policy: Please note that you can access Academic Integrity Guidance for Students via the Quality Handbook: http://www.southampton.ac.uk/quality/assessment/academic_integrity.page?.  Please note any suspected cases of Academic Integrity will be notified to the Academic Integrity Officer for investigation.

Feedback: Southampton Business School is committed to providing feedback within 4 weeks (University working days).  Once the marks are released and you have received your feedback, you can meet with your Module Leader / Module Lecturer / Personal Academic Tutor to discuss the feedback within 4 weeks from the release of marks date. Any additional arrangements for feedback are listed in the Module Profile.

Student Support: Study skills and language support for Southampton Business School students is available at: http://www.sbsaob.soton.ac.uk/study-skills-and-language-support/.