How would the stakeholders of a company, listed on the London Stock Exchange, make use of the published annual report and accounts?
2024-07-06 23:43:41
Assessment Brief 1
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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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3rd June 2024
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Class end date:
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22nd September 2024
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Module lecturer:
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Internal verifier:
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Submission deadline:
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29th July 2024, time: 2 pm
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Assessment type:
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Individual Essay + Poster (One Word Document)
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Weight:
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50% (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 + Poster
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.
The poster should be informative, easy to understand and visually appealing.
Module Learning Outcomes
By the end of this module students should be able to:
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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.How would the stakeholders of a company, listed on the London Stock Exchange, make use of the published annual report and accounts?
Assessment Criteria
Essay – the essay will contribute 80% to the overall grade (1,600 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.
Poster – the poster will contribute 20% to the overall grade. It will be assessed using the following weighting:
• 50% Presentation (visual)
• 50% Addressing the question
A copy of the assessment grading for the poster can be found in Appendix 2.
Submitting Assignments
Cover Sheet – you MUST attach a completed cover sheet with your essay. See Appendix 3. 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
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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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Delivery Method:
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Individual Essay and Poster
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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 (Essay + Poster)
(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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50% 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 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 80% to the overall grade (1,600 words). It will be assessed using the following weighting:
• 25% Clarity of expression
• 25% Addressing the question
• 25% Content & range of knowledge
• 25% Conclusions
Poster – the poster will contribute 20% to the overall grade (400 words). It will be assessed using the following weighting:
• 50% Presentation (visual)
• 50% Addressing the question
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Assessment Marking/Grading Criteria
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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:Demonstrate an understanding of basic theory and practice of financial and management accounting and its basic terms and concepts.
http://www.canterbury.ac.uk/library/docs/harvard.pdf
This handbook should be read in conjunction with other sources:
Date and Validity of Assessment Brief:
June 2024. Valid for academic year 2024/2025.
Appendix 1 – Essay CCCU Assessment Grading Criteria: Foundation Year/Level 0
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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 and
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Demonstrates an
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Shows an accurate
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Sound but descriptive
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Selection of theory is
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Knowledge of key
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There is a lack of relevant
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application of subject
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accurate knowledge and
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accurate, systematic
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understanding of key
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knowledge of key
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satisfactory, and
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theories is inaccurate
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subject-specific theory.
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and theories
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understanding of key
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understanding of key
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subject-specific theories,
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theories with appropriate
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terminology, facts and
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and/or incomplete.
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theories beyond what has
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theories. Appropriately
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which ae appropriately
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application; the work is
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concepts are handled
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Choice of theory
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been taught. Theories are
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selected theoretical
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integrated within the
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balanced towards the
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accurately, but
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inappropriate.
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consistently and
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knowledge is applied in
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context of the
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descriptive rather than
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application and
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Application and/or
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appropriately applied in
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the assignment.
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assessment task.
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the critical or analytical.
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understanding are
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understanding is very
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the assignment.
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generalised and limited.
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limited.
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D. TRANSFERABLE SKILLS
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16. Clarity of expression
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Fluent writing style,
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Fluent writing style,
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Language generally fluent
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Meaning is clear but
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Meaning is largely clear,
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The meaning is often
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The meaning is unclear
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(incl. accuracy, spelling,
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appropriate to
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appropriate to the
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and expressive.
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language not always used
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but language choices
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unclear with frequent
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throughout. Errors in
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grammar, punctuation,
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assignment. Grammar,
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assignment, grammar,
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Grammar, spelling, and
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fluently. Grammar,
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include errors which
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errors in grammar,
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spelling, grammar,
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and numeracy)
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spelling, and numeracy
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spelling, and numeracy
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numeracy are accurate.
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spelling and/or numeracy
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detract from the style
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spelling, and/or
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punctuation and/or
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are highly accurate.
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are accurate.
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are mainly accurate.
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and fluency. Accuracy of
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numeracy.
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numeracy make
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spelling, grammar,
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interpretation challenging
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punctuation, and
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for an assessor.
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numeracy allows
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understanding but needs
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to be improved.
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Appendix 2 – Poster CCCU Assessment Grading Criteria: Foundation Year/Level 0
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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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PRESENTATION AND STYLE
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Presentation (visual)
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Message is presented clearly and imaginatively with strong visual impact.
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Presentation is clear and has strong visual impact.
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Presentation is clear and has some visual impact.
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Presentation has a generally sound structure, and visual tools
are used effectively.
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Visual aspect and/or structure of presentation is adequate but limited.
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Presented in a disorganised manner. Lacks appropriate
support from visual tools.
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Presentation is disorganised and/or incoherent and/or
medium is non/visual.
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