(Gbike/Helen) urgent due on Thursday morning 220209/11/ please follow case study with all business structure highlighted with title page , content page , and clear structure and check presentation format.
ASSIGNMENT INSTRUCTIONS Assessment Coursework Assessment code: 010 Academic Year: 2020/21 Trimester: 2 Module Title: Business Finance Module Code: MOD003319 Level: 4 Module Leader: Nidhi Gogia Weighting: 50% Word Limit: 2500 This excludes bibliography and other items listed in rule 6.75 of the Academic Regulations: http://web.anglia.ac.uk/anet/academic/public/academic_regs.pdf Assessed Learning Outcomes 1-3 Submission Deadline : This assignment must be received no later than 14:00 on Friday 27th November 2020 http://web.anglia.ac.uk/anet/academic/public/academic_regs.pdf WRITING YOUR ASSIGNMENT: This assignment must be completed individually. You must use the Harvard referencing system. Your work must indicate the number of words you have used. Written assignments must not exceed the specified maximum number of words. When a written assignment is marked, the excessive use of words beyond the word limit is reflected in the academic judgement of the piece of work which results in a lower mark being awarded for the piece of work (regulation 6.74). Assignment submissions are to be made anonymously. Do not write your name anywhere on your work. Write your student ID number at the top of every page. Where the assignment comprises more than one task, all tasks must be submitted in a single document. You must number all pages. SUBMITTING YOUR ASSIGNMENT: In order to achieve full marks, you must submit your work before the deadline. Work that is submitted late – up to five working days after the published submission deadline - will be accepted and marked. However, the element of the module’s assessment to which the work contributes will be capped with a maximum mark of 40%. Work cannot be submitted if the period of 5 working days after the deadline has passed (unless there is an approved extension). Failure to submit within the relevant period will mean that you have failed the assessment. Requests for short-term extensions will only be considered in the case of illness or other cause considered valid by the iCentre Adviser. Please contact
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[email protected] http://web.anglia.ac.uk/anet/academic/public/academic_regs.pdf 1.1 Case Study – T shirts Ltd You are a finance trainee for a company of Vests plc and have been asked by your marketing manager to review the business of your key competitor T-shirts plc and to assist her with helping the marketing team understand financial information. You know that T-shirts plc is struggling in the current economic climate and that other expenses have risen as a result of an aggressive advertising campaign to stimulate sales. Your sales manager has informed you that T-shirts plc increased the credit terms given to their customers from 30 days to 60 days in an attempt to attract more business. The rate of interest on the bank overdraft in 2019 is significantly higher than the rate of interest on the loan. 1.2. Task Prepare a 2,500 word business report for your manager providing analysis and business advice following the requirements below. Presentation and format: Business report with a title page, contents page and clear structure. It must be written in an appropriate business tone with appropriate Harvard reference where necessary. Note no introduction is required. No marks will be awarded for an introduction. 5 marks Part 1: Business Performance Analysis: 40 marks total To support your analysis for this part you will need to calculate and use appropriate ratios using the course definitions. You need to show all ratio calculations workings which should be placed in the appendices to your report. 1.1. Statement of Profit or Loss Analyse and comment on the financial performance of T-shirts Ltd using the case study information and exhibit 1. Your analysis should critically evaluate all the lines of the Statement of Profit or Loss. 20 marks 1.2. Statement of Financial Position Analyse and comment on the financial position of T-shirts Ltd using the case study information and exhibit 1. Your analysis should critically evaluate all the lines of the Statement of Financial Position. 20 marks Part 2: Understanding Financial Information & Management of Cash: 25 marks 2.1. Explain the concept of accrual accounting versus cash accounting, including the benefits and any limitations of each, with examples from this case study where relevant. 15 marks 2.2. What is meant by Profit and Cash flow and how they are different. 10 marks Part3: Budget techniques and Company Finance: 30 marks 3.1. Define Budget and explain purposes of preparing a budget. 15 marks 3.2. What might be the main benefits of forming a limited company and listing it on a stock exchange. 15 marks The word limit of 2,500 words excludes numerical tables, bibliography and appendices. To assist you with this task you have been supplied with the following information: Exhibit 1: Extracts from T-shirt Ltd’s Financial Statements for 2019, including the Statement of Profit or Loss, and the Statement of Financial Position. 1.3. Assessment Submission Structure Part 1: Business Performance Analysis 1.1 Statement of Profit or Loss 1.2 Statement of Financial Position Part 2: Understanding Financial Information & Management of cash 2.1 Accruals vs cash accounting 2.2 Profit vs Cash flows Part 3: Budget and Company Finance 3.1 Meaning and Purposes of Budget 3.2 Benefits of forming a limited company and getting it registered on a stock exchange Appendices Supporting calculations Bibliography as required Exhibit 1: Extracts from T-shirt Ltd’s Financial Statements for 2019 Summary Statement of Profit & Loss for the years ended 31 December 2019 2018 £000 £000 Revenue 1,366 2,101 Cost of sales (751) (840) Gross profit 615 1,261 Other expenses (1,009) (820) Profit before interest and tax (394) 441 Finance costs (106) ( 69) Profit / (loss) for the year ( 500 ) 372 Summary Statement of Financial Position as at 31 December 2019 2018 £000 £000 ASSETS Non-current Assets Property, Plant and Equipment 1,274 1,282 Current Assets Inventories 121 89 Trade and other receivables 305 218 Cash and cash equivalents 0 45 426 352 Total Assets 1,700 1,634 EQUITY AND LIABILITIES Equity Share Capital 310 310 Retained Earnings 0 500 Total Equity 310 810 Non-current Liabilities Long-term borrowings 921 688 921 688 Current Liabilities Trade payables 151 136 Bank overdraft 318 0 469 136 Total Liabilities 1,390 824 Total Equity and Liabilities 1,700 1,634 End of case study