Answer Sheet HOMEWORK #2 Course Name: Finance for Managers II Course Code: ATHE5OB5 Student Name: _____________________ Student Code: ______________________ Total Score (0-100): __________________ ...

Scenario

You are working as a junior accountant within the financial department of a large retail business.

As part of your training your line manager has asked you to complete the following tasks and put your work in your training file.

Activity 2.1

AC2.1: Compare and contrast the financial statements of different types of organisations

Please write your answer here (keep the original formatting)…….

TO BE FILLED IN BY THE STUDENT:

Word Count: ___________

Explain why the Assessment Criteria are achieved or not

NOTE: To earn a full score a student should cover all the following:

·Financial statements of different kind of organizations (sole traders, partnerships, Private Limited Companies, I.e.- Income statement, Statement of financial position-, Public Limited Companies - annual reports, i.e., General corporate information, accounting policies, Income statement, Statement of financial position, statement of cash flows, notes to the financial statements, chairperson’s and directors’ reports, auditor’s report).

Assessment Criterion

Achieved*

Yes/No

Please add comments here

Score

(0 to 100)

*NOTE FOR PROFESSOR:Assessment criterion is achieved, “YES”, ONLY if the student’s answer is 100% correct according to ATHE requirements (all indicative content is covered, command verb is addressed correctly, the answer demonstrates understanding and depth, the task is done the way it is asked, references are properly used). Professor should address in the comments box what a student is missing to get the full score. Please, apply the same logic for assessing other tasks.

Activity 2.2

AC2.2: Provide an interpretation of the financial statements for a specific named organisation.

Please write your answer here (keep the original formatting)…….

TO BE FILLED IN BY THE STUDENT:

Word Count: ___________

Explain why the Assessment Criteria are achieved or not

NOTE: To earn a full score a student should cover all the following:

·In order to carry out the interpretation the learners should download a set of financial statements (Statement of Financial Position, Income Statement and Cash Flow Statement) for a specific named organisation of their choice, which provides the learners with sufficient scope to complete a meaningful interpretation of the information.

Assessment Criterion

Achieved*

Yes/No

Please add comments here

Score

(0 to 100)

*NOTE FOR PROFESSOR:Assessment criterion is achieved, “YES”, ONLY if the student’s answer is 100% correct according to ATHE requirements (all indicative content is covered, command verb is addressed correctly, the answer demonstrates understanding and depth, the task is done the way it is asked, references are properly used). Professor should address in the comments box what a student is missing to get the full score. Please, apply the same logic for assessing other tasks.

Activity A

A2M1: Review the ethical requirements associated with financial statements of Third Sector organisations

Please write your answer here (keep the original formatting)…….

TO BE FILLED IN BY THE STUDENT:

Word Count: ___________

Explain why the Assessment Criteria are achieved or not

NOTE: To earn a full score a student should cover all the following:

·The review of the ethical requirements for the financial statements of third sector organisations which should be comprehensive. The learners should refer to a range of different Third Sector organisations.

Assessment Criterion

Achieved*

Yes/No

Please add comments here

Score

(0 to 100)

*NOTE FOR PROFESSOR:Assessment criterion is achieved, “YES”, ONLY if the student’s answer is 100% correct according to ATHE requirements (all indicative content is covered, command verb is addressed correctly, the answer demonstrates understanding and depth, the task is done the way it is asked, references are properly used). Professor should address in the comments box what a student is missing to get the full score. Please, apply the same logic for assessing other tasks.

Activity B

B2D1: Assess how a specific organisation’s financial statements meet the needs of its stakeholders

Please write your answer here (keep the original formatting)…….

TO BE FILLED IN BY THE STUDENT:

Word Count: ___________

Explain why the Assessment Criteria are achieved or not

NOTE: To earn a full score a student should cover all the following:

·Refer to the financial statements of a named organisation. The assessment must judge how they meet the needs of different stakeholders in the organisation.

Assessment Criterion

Achieved*

Yes/No

Please add comments here

Score

(0 to 100)

*NOTE FOR PROFESSOR:Assessment criterion is achieved, “YES”, ONLY if the student’s answer is 100% correct according to ATHE requirements (all indicative content is covered, command verb is addressed correctly, the answer demonstrates understanding and depth, the task is done the way it is asked, references are properly used). Professor should address in the comments box what a student is missing to get the full score. Please, apply the same logic for assessing other tasks.