Reference no: EM133136359 , Length: word count:2500

Business Finance and Economics

Assignment task

The assignment requires a written report that addresses key aspects in relation to Business Finance and Economics taught in the module, such as the economic factors that determine the competitive environment of an organisation, the role and importance of accounting and financial reporting in terms of planning, control and decision-making. In addition, the report requires a numerical element that offers a solution to a set of key financial ratios and demonstrates an understanding of these in terms of organisational performance. The report must include relevant theories, concepts and formulas from which a solution will be offered.

Learning outcome 1: Explain how micro- and macroeconomics impact on the competitive environment of an organisation;

Learning outcome 2: Demonstrate knowledge of the role of accounting within the organisation with respect to both reporting and decision-making aspects;

Learning outcome 3: Explain the structure and terms used within the main financial statements;

Learning outcome 4: Interpret management accounting techniques for planning, control and decision-making within the organisation;

Learning outcome 5: Calculate the main accounting ratios and explain their significance in terms of organisational performance.

Task requirements

OVERVIEW

Written assignment, 2,500 words

Following the Assignment Brief and Guide, address each of the 5 questions / elements of the assignment and use appropriate theories, concepts and formulas to demonstrate your understanding of the key concepts involved.

Address the following five questions / elements within the specified word limit:

1) Outline the external and internal determinants of business performance and distinguish whether these are micro- or macroeconomic. (500 words)

2) Explain the role and importance of accounting with respect to decision-making within an organisation. (500 words)

3) Distinguish between the major financial statements and explain the layout and terms used within each Statement. (450 words)

4) Using the information from the statements of financial position (balance sheets) and income statements (profit & loss accounts) below, calculate and interpret the following ratios for XYZ Plc for the years ended March 31 2019 and 2020, respectively: (400 words)

a) Operating Profit Margin
b) Gross Profit margin
c) Current Ratio
d) Acid Test Ratio
e) EPS (Earnings Per Share)

5) Define management accounting and discuss how this is important for planning, control and decision- making within an organisation. (500 words)

Attachment:- Assignment Brief.rar