How would the stakeholders of a company, listed on the London Stock Exchange, make use of the published annual report and accounts?
2024-10-23 14:23:13
Assessment Brief 1
Programme title:
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Foundation Year in Business and Law
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Module name:
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Contemporary Issues in Accounting
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Assessment title:
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How would the stakeholders of a company, listed on the London Stock Exchange, make use of the published annual report and accounts?
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Module code:
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U10473
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Class start date:
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23rd September 2024
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Class end date:
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19th January 2025
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Module leader:
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Internal verifier:
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Submission deadline:
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27th November 2024, time: 2 pm
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Assessment type:
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Individual Essay
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Weight:
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40% (2000 words)
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Brief Module Overview
This module will provide you with an understanding of understand the importance of financial and of management accounting in running a business effectively, and to gain an appreciation of the current issues in accounting.
Module Aims
To introduce students to the purpose and basic mechanics of accounting in both theory and practice.
Assessment 1 – Essay
QUESTION TO BE ADDRESSED
How would the stakeholders of a company, listed on the London Stock Exchange, make use of the published annual report and accounts?
GUIDANCE
You should focus on the statement of profit or loss, the statement of financial position and the cash flow statement. References to the other published information are also encouraged.
PURPOSE OF THE ASSIGNMENT
This assignment provides an opportunity for you to reflect on your knowledge of accounting and its relevance to a wide selection of users.
The essay should be informative, easy to follow, and delivered in an interesting and clear manner. You should be able to demonstrate the extent of your understanding of the basic theory and practice of FINANCIAL accounting in the modern context, and its value to business and the wider community.
Module Learning Outcomes
By the end of this module students should be able to:
No
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Learning outcomes
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1
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Demonstrate an understanding of basic theory and practice of financial and management accounting and its basic terms and concepts.
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2
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Explain the value of financial and management accounting processes to a business.
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5
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Demonstrate an understanding of the current contemporary issues affecting the accounting discipline.
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Submitted work is normally marked and returned within three weeks (during term time) of the submission deadline. All modules are moderated/second marked internally by staff and confirmed by external examiners. All marks are provisional until they are confirmed by the relevant module board.
Assessment Criteria
Essay – the essay will contribute 100% to the overall grade (2,000 words). It will be assessed using the following weighting:
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25%
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Clarity of expression
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25%
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Addressing the question
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25%
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Content & range of knowledge
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25%
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Conclusions
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Please note that diagrams, quotes, appendices, and tables do not constitute part of the word allocation. A copy of the assessment grading for the essay can be found in Appendix 1.
Submitting Assignments
Cover Sheet – you MUST attach a completed cover sheet with your essay.
Presentation – your individual assignment should be word-processed. Line spacing should be one and-a-half-spaced, with at least an inch (2 cm) margin, and font size should be no smaller than 12 point, Times New Roman, or 11-point Arial. Your student number should appear on each page and pages should be numbered.
Description/Guidance
Assessment Title:
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How would the stakeholders of a company, listed on the London Stock Exchange, make use of the published annual report and accounts?
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Delivery Method:
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Individual Essay
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Type/Format:
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Report by MS Words
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Word Count:
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2000 words (Please note that diagrams, quotes, appendices, and tables do not constitute part of the word allocation)
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Weight:
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40% marks
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Submission method:
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CCCU Turnitin
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Basic Guidelines:
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Complete the set reading and complete all required preparation for lectures and seminars. Ensure that your assessments are submitted on
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time and that guidance is sought in a timely manner, if required, beforehand.
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Assessment criteria:
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Essay – the essay will contribute 100% to the overall grade (2,000 words). It will be assessed using the following weighting:
• 25% Clarity of expression
• 25% Addressing the question
• 25% Content & range of knowledge
• 25% Conclusions
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Assessment Marking/Grading Criteria
Criterion
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100-80:
Excellent
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79-70:
Very Good
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69-60:
Good
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59-50:
Sound
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49-40:
Satisfactory
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39-20:
Fail
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19-0:
Fail
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Referencing System
The business students are required to use Harvard as the standard referencing convention.
Learning Materials/Resources:
Essential Resources:
Core textbook – Dyson, J. and Franklin, E. (2020), Accounting for non-accounting students (10th ed.), Pearson Education Limited: Harlow.
Recommended Resources:
Journals, magazines & academic articles related and relevant to the subject:
You are expected to keep abreast of current academic theory and the events affecting accounting practice in organisations and societies. This may be via published and academic journals, newspapers, trade magazines etc.
- www.bbc.co.uk
- Financial Times
- Accountancy Age (Journal)
- Journal of Corporate Accounting & Finance
- Publications by “Big four” accounting firms – PWC, Deloitte, Ernst & Young, KPMG
- Publications by Professional Accounting Bodies – ACCA, CIMA, CIPFA, ICAEW.
Websites:
You are expected to keep abreast of news and developments concerning accounting practice. Websites you need to use and be aware of are:
Please note that the format and order of this reading list is for illustrative purposes only. Additional sources can also be found in Library services. Students are requested to submit a single alphabetical order bibliography list containing all sources used for each piece of work submitted. For guidelines on the required Harvard referencing style please refer to: http://www.canterbury.ac.uk/library/docs/harvard.pdf
This handbook should be read in conjunction with other sources:
Appendix 1 – Essay CCCU Assessment Grading Criteria: Foundation Year/Level 0
CRITERION
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100-80
Excellent
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79-70
Very good
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69-60
Good
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59-50
Sound
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49-40
Satisfactory
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39-20
Fail
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19-0
Fail
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A. KNOWLEDGE & UNDERSTANDING
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1. Knowledge and
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Shows systematic
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Demonstrates an
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Shows an accurate
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Sound but
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Selection of theory
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Knowledge of key
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There is a lack of
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application of
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and accurate
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accurate, systematic
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understanding of
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descriptive
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is satisfactory, and
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theories is
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relevant subject-
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subject and theories
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knowledge and
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understanding of
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key subject-specific
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knowledge of key
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terminology, facts
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inaccurate and/or
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specific theory.
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understanding of
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key theories.
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theories, which ae
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theories with
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and concepts are
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incomplete. Choice
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key theories beyond
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Appropriately
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appropriately
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appropriate
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handled accurately,
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of theory
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what has been
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selected theoretical
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integrated within
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application; the
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but application and
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inappropriate.
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taught. Theories are
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knowledge is
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the context of the
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work is balanced
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understanding are
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Application and/or
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consistently and
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applied in the
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assessment task.
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towards the
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generalised and
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understanding is
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appropriately
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assignment.
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descriptive rather
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limited.
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very limited.
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applied in the
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than the critical or
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assignment.
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analytical.
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D. TRANSFERABLE SKILLS
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16. Clarity of
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Fluent writing style,
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Fluent writing style,
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Language generally
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Meaning is clear but
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Meaning is largely
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The meaning is
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The meaning is
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expression (incl.
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appropriate to
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appropriate to the
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fluent and
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language not always
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clear, but language
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often unclear with
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unclear throughout.
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accuracy, spelling,
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assignment.
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assignment,
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expressive.
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used fluently.
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choices include
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frequent errors in
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Errors in spelling,
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grammar,
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Grammar, spelling,
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grammar, spelling,
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Grammar, spelling,
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Grammar, spelling
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errors which detract
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grammar, spelling,
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grammar,
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punctuation, and
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and numeracy are
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and numeracy are
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and numeracy are
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and/or numeracy
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from the style and
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and/or numeracy.
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punctuation and/or
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numeracy)
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highly accurate.
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accurate.
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accurate.
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are mainly accurate.
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fluency. Accuracy of
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numeracy make
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spelling, grammar,
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interpretation
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punctuation, and
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challenging for an
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numeracy allows
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assessor.
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understanding but
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needs to be
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improved.
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