Up HND Bus U2 MFRD Apr2015
ASSESSMENT FRONT SHEET
Programme: HND BTEC Edexcel
Unit Number and Title: Managing Financial Resources and Decisions (Unit 2)
Unit Level: QCF Level 4
Module Tutor: Chisomje Ezeaku
Email: c.ezeaku@londonchurchillcollege.co.uk
Date Set: 27/04/2015
Key dates
Distribution date: 27/04/2015
Submission date: 03/07/2015
Return date: 4 weeks after submission
Introduction
This unit is designed to give learners a broad understanding of the sources and availability of finance for a business organisation. Learners will learn how to evaluate these different sources and compare how they are used.
They will learn how financial information is recorded and how to use this information to make decisions for example in planning and budgeting. Decisions relating to pricing and investment appraisal are also considered within the unit. Finally, learners will learn and apply techniques used to evaluate financial performance.
Specification of Assessment
ASSIGNMENT REQUIREMENT:
Using the case study above and relevant theories and literature, write an essay comprised of the following broad topics/sub-sections:
Requirement 1:
1.1 Why business needs finance and what are the available sources of finance to a business
1.2 Access and compare the implication of the different sources of finance
Case 1
A medium-sized engineering firm with an annual turnover of £2.5 million has decided to install a new piece of machinery to help improve its productivity. The equipment needs to be housed in a new building to be constructed on the site. The forecast cost of the building is £150,000 and the equipment £400,000.
Case 2
An individual has been made redundant after 20 years with a major organisation and has received a lump sum redundancy payment of £70,000. The individual is planning to set up a bookmakers and has identified a suitable premises valued at £180,000 near to a major town centre shopping precinct.
Case 3
A large plc is planning on moving a major
Programme: HND BTEC Edexcel
Unit Number and Title: Managing Financial Resources and Decisions (Unit 2)
Unit Level: QCF Level 4
Module Tutor: Chisomje Ezeaku
Email: c.ezeaku@londonchurchillcollege.co.uk
Date Set: 27/04/2015
Key dates
Distribution date: 27/04/2015
Submission date: 03/07/2015
Return date: 4 weeks after submission
Introduction
This unit is designed to give learners a broad understanding of the sources and availability of finance for a business organisation. Learners will learn how to evaluate these different sources and compare how they are used.
They will learn how financial information is recorded and how to use this information to make decisions for example in planning and budgeting. Decisions relating to pricing and investment appraisal are also considered within the unit. Finally, learners will learn and apply techniques used to evaluate financial performance.
Specification of Assessment
ASSIGNMENT REQUIREMENT:
Using the case study above and relevant theories and literature, write an essay comprised of the following broad topics/sub-sections:
Requirement 1:
1.1 Why business needs finance and what are the available sources of finance to a business
1.2 Access and compare the implication of the different sources of finance
Case 1
A medium-sized engineering firm with an annual turnover of £2.5 million has decided to install a new piece of machinery to help improve its productivity. The equipment needs to be housed in a new building to be constructed on the site. The forecast cost of the building is £150,000 and the equipment £400,000.
Case 2
An individual has been made redundant after 20 years with a major organisation and has received a lump sum redundancy payment of £70,000. The individual is planning to set up a bookmakers and has identified a suitable premises valued at £180,000 near to a major town centre shopping precinct.
Case 3
A large plc is planning on moving a major