Qualifi Level 4 BUS403 Financial Awareness Assignment Brief: Financial Information and Commentary Tasks (Malta)

Qualifi Level 4 Diploma in Business Management: BUS403 Financial Awareness (M/507/1584) Assignment Brief

BUS403 Financial Awareness is a 20-credit unit of the Qualifi Level 4 Diploma in Business Management. You can use your own workplace or take the role of Financial Manager at a small private limited company that sells worldwide. The brief has three tasks: a formative 600-word report on the nature and use of financial information, a 550-word investigation into accounting principles, frameworks and management accounting, and an 850-word analysis of published financial commentary and trends.

• Qualification: Qualifi Level 4 Diploma in Business Management
• Unit: BUS403 – Financial Awareness
• Unit Reference: M/507/1584
• Qualification Reference (RQF): 601/6048/2
• No of Credits: 20 Credits

Unless stated elsewhere, learners must answer all questions in this document.

BUS403 Learning Outcomes and Assessment Criteria

BUS403 Assignment Question and Scenario

Scenario

Learners may use their own employment context to write an assignment based on assessment tasks. Assessment tasks are learning outcomes of the unit associated with Assessment Criteria. You are required to generate sufficient evidence on assessment criteria to meet learning outcomes of the unit within the rules, regulations and standards to achieve credits of the unit.

If you are not in employment, please use the following scenario.

Consider you are working as a Financial Manager of a small-medium sized private limited organisation, which deals with its customers all over the world to sell its products and services. Your role includes financing decisions which are mainly concerned with the acquisition of funds to be used for investing and financing day-to-day business operations. In the role of financial manager, you are evaluating the financial condition, business operations and the performance of the company by considering performance indicators of an industry and ensure that shareholders’ interest is protected all the times. You are given a task by Directors to critically evaluate, investigate, and examine the financial systems, processes and procedures of the company and suggest improvement of the financial position of the company.

Task 1 (Formative) – 600 words

Write a report in which you explain the nature and use of financial information. You must include the following:

• A discussion of why financial information is needed, its purpose, and the main stakeholders interested in the information.
• An identification of the different accounting arrangements and conventions used by organisations.

Formatting: 500-700 words. Use an appropriate referencing system for formatting and citations.

Task 2 (Summative) – 550 words

Write a short investigation into the principles and standards used to produce accounting and financial information. Your answer must include:

• An explanation of how accounting frameworks and regulation influence accounting and financial arrangements. (AC 2.1)
• An outline of the uses of published financial information. (AC 2.2)
• An explanation of how an organisation uses management accounting practices. (AC 2.3)

Assessment Criteria

Assessment of this learning outcome will require a learner to demonstrate that they can:

• 2.1 Explain how accounting frameworks and regulation influence accounting and financial arrangements.
• 2.2 Explain the uses of published financial information.
• 2.3 Explain how an organisation uses management accounting practices.

Formatting: 500-600 words. Use an appropriate referencing system for formatting and citations.

Task 3 (Summative) – 850 words

Write your own interpretation of a piece of financial commentary that interprets and analyses published financial information. Your answer must contain:

• An explanation of the main items considered, and of their importance to the article. (AC 3.1)
• An identification of the recent trends in published accounting information. (AC 3.2)

Assessment Criteria

Assessment of this learning outcome will require a learner to demonstrate that they can:

• 3.1 Explain the main items commented on and explain their importance.
• 3.2 Identify trends in published accounting information.

Formatting: 800-900 words. Use an appropriate referencing system for footnotes and citations.

Get Expert Help with Qualifi BUS403 Financial Awareness

BUS403 rewards clear, applied explanations rather than textbook lists. Name real stakeholders and the decisions they make with financial information, connect IFRS and local reporting rules to what a company actually publishes, and in Task 3 choose a recent financial article about a listed company so you can point to specific figures and trends. Keep to each word limit and reference every source.

If the deadline is close, our urgent assignment help can support you. You may also want to see the Y/650/1914 Management Accounting brief and the Qualifi BUS503 Business Development brief from the Level 5 diploma.