How would the stakeholders of a company, listed on the London Stock Exchange, make use of the published annual report and accounts?

Assessment Brief 1

Programme title:

Foundation Year in Business and Law

Module name:

Contemporary Issues in Accounting

Assessment title:

How would the stakeholders of a company, listed on the London Stock Exchange, make use of the published annual report and accounts?

Module code:

U10473

Class start date:

23rd September 2024

Class end date:

19th January 2025

Module leader:

 

Internal verifier:

 

Submission deadline:

27th November 2024, time: 2 pm

Assessment type:

Individual Essay

Weight:

40% (2000 words)

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

Learning outcomes

1

Demonstrate an understanding of basic theory and practice of financial and management accounting and its basic terms and concepts.

2

Explain the value of financial and management accounting processes to a business.

5

Demonstrate an understanding of the current contemporary issues affecting the accounting discipline.

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:

25%

Clarity of expression

25%

Addressing the question

25%

Content & range of knowledge

25%

Conclusions

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:

How would the stakeholders of a company, listed on the London Stock Exchange, make use of the published annual report and accounts?

Delivery Method:

Individual Essay

Type/Format:

Report by MS Words

Word Count:

2000 words (Please note that diagrams, quotes, appendices, and tables do not constitute part of the word allocation)

Weight:

40% marks

Submission method:

CCCU Turnitin

Basic Guidelines:

Complete the set reading and complete all required preparation for lectures and seminars. Ensure that your assessments are submitted on

 

time and that guidance is sought in a timely manner, if required, beforehand.

Assessment criteria:

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 

Assessment Marking/Grading Criteria

Criterion

100-80:

Excellent

79-70:

Very Good

69-60:

Good

59-50:

Sound

49-40:

Satisfactory

39-20:

Fail

19-0:

Fail

1

 

 

 

 

 

 

 

2

 

 

 

 

 

 

 

3

 

 

 

 

 

 

 

4

 

 

 

 

 

 

 

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

100-80

Excellent

79-70

Very good

69-60

Good

59-50

Sound

49-40

Satisfactory

39-20

Fail

19-0

Fail

A. KNOWLEDGE & UNDERSTANDING

1. Knowledge and

Shows systematic

Demonstrates an

Shows an accurate

Sound but

Selection of theory

Knowledge of key

There is a lack of

application of

and accurate

accurate, systematic

understanding of

descriptive

is satisfactory, and

theories is

relevant subject-

subject and theories

knowledge and

understanding of

key subject-specific

knowledge of key

terminology, facts

inaccurate and/or

specific theory.

 

understanding of

key theories.

theories, which ae

theories with

and concepts are

incomplete. Choice

 

 

key theories beyond

Appropriately

appropriately

appropriate

handled accurately,

of theory

 

 

what has been

selected theoretical

integrated within

application; the

but application and

inappropriate.

 

 

taught. Theories are

knowledge is

the context of the

work is balanced

understanding are

Application and/or

 

 

consistently and

applied in the

assessment task.

towards the

generalised and

understanding is

 

 

appropriately

assignment.

 

descriptive rather

limited.

very limited.

 

 

applied in the

 

 

than the critical or

 

 

 

 

assignment.

 

 

analytical.

 

 

 

D. TRANSFERABLE SKILLS

16. Clarity of

Fluent writing style,

Fluent writing style,

Language generally

Meaning is clear but

Meaning is largely

The meaning is

The meaning is

expression (incl.

appropriate to

appropriate to the

fluent and

language not always

clear, but language

often unclear with

unclear throughout.

accuracy, spelling,

assignment.

assignment,

expressive.

used fluently.

choices include

frequent errors in

Errors in spelling,

grammar,

Grammar, spelling,

grammar, spelling,

Grammar, spelling,

Grammar, spelling

errors which detract

grammar, spelling,

grammar,

punctuation, and

and numeracy are

and numeracy are

and numeracy are

and/or numeracy

from the style and

and/or numeracy.

punctuation and/or

numeracy)

highly accurate.

accurate.

accurate.

are mainly accurate.

fluency. Accuracy of

 

numeracy make

 

 

 

 

 

spelling, grammar,

 

interpretation

 

 

 

 

 

punctuation, and

 

challenging for an

 

 

 

 

 

numeracy allows

 

assessor.

 

 

 

 

 

understanding but

 

 

 

 

 

 

 

needs to be

 

 

 

 

 

 

 

improved.

 

 

 

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