Managing Financial Resources and Decisions
1. Understand the sources of finance available to a business 2. Understand the implications of finance as a resource within a business 3. Be able to make financial decisions based on financial information 4. Be able to evaluate the financial performance of a business. Outcomes To achieve each outcome a learner must demonstrate the ability to: Understand the sources of finance available to a business (LO 1) LO 1.1 identify the sources of finance available to a business LO 1.2 assess the implications of the different sources LO 1.3 evaluate appropriate sources of finance for a business project Understand the implications of finance as a resource within a business (LO 2) LO 2.1 analyse the costs of different sources of finance LO 2.2 explain the importance of financial planning LO 2.3 assess the information needs of different decision makers LO 2.4 explain the impact of finance on the financial statements Be able to make financial decisions based on financial information (LO 3) LO 3.1 analyse budgets and make appropriate decisions LO 3.2 explain the calculation of unit costs and make pricing decisions using relevant information LO 3.3 assess the viability of a project using investment appraisal techniques Be able to evaluate the financial performance of a business (LO 4) LO 4.1 discuss the main financial statements LO 4.2 compare appropriate formats of financial statements for different types of business LO 4.3 interpret financial statements using appropriate ratios and comparisons, both internal and external
BTEC Higher National Diploma in Business
Unit 2: Managing Financial Resources and Decisions Regent College 4
Programme: BTEC Higher National Diploma in Business Unit Number: 2 Unit Title: Managing Financial Resources and Decisions Module Tutor: Azmat Firdous | Khyati Patel Email: Azmat.Firdous@regentcollege.uk.com
Assignment Number: 1. Carry Out an Investment Appraisal Part 1
Distribution Date: 16/10/2013 Submission Date: 15/11/2013
Assessment Format: Produce a report to present to the Finance Director of your chosen company. The report must be written in professional manner and properly referenced. The report should comply with the word count of 500 with +/- 10% margin. You may use tables and diagrams to support your report to illustrate the text. Word count excludes the index, headings, information contained in tables, references and bibliography.

Following a strategic review, as a newly appointed assistant to the Financial Director, you are required to carry out a detailed Investment Appraisal for your chosen organisation. In the first part of your report,
? Identify the sources of finance available to the business and analyse the costs of different sources of finance (LO 1.1, 2.1) ? Assess the implication of the different sources identified above (LO 1.2)
Assessment Type: Individual
BTEC Higher National Diploma in Business
Unit 2: Managing Financial Resources and Decisions Regent College 5
Programme: BTEC Higher National Diploma in Business Unit Number: 2 Unit Title: Managing Financial Resources and Decisions Module Tutor: Azmat Firdous | Khyati Patel Email: Azmat.Firdous@regentcollege.uk.com
Assignment Number: 1. Carry Out an Investment Appraisal Part 2
Distribution Date: 16/10/2013 Submission Date: 31/01/2014
Assessment Format: Produce a report to present to the Finance Director of your chosen company. The report must be written in professional manner and properly referenced. The report should comply with the word count of 3000 with +/- 10% margin. You may use tables and diagrams to support your report to illustrate the text. Word count excludes the index, headings, information contained in tables, references and bibliography.

Taking in to consideration the sources for your chosen organisation you have identified in your first report, produce an Investment Appraisal is to decide on whether a particular Investment is beneficial or detrimental to the company’s future. In your report,
? Explain the importance of financial planning and assess the information needs of different decision makers (LO 2.2, 2.3) ? Evaluate the appropriateness of the sources of finance for a Business Project (LO 1.3) ? explain the impact of finance on the financial statements (LO 2.4)

? To choose investment options and design their appropriate costing discuss the main financial statements and compare appropriate formats of financial statements for different types of business (LO 4.1, 4.2)
? Interpret financial statements using appropriate ratios and comparisons, both internal and external. Consider the Payback Method, The Accounting Rate of Return and the
Assessment Type: Individual
BTEC Higher National Diploma in Business
Unit 2: Managing Financial Resources and Decisions Regent College 6
Discounted Cash flow. (LO 4.3) Comment on which method you feel is most appropriate and analyse the implications behind your final decision on which Investment proposal to follow.
? Analyse a suitable budget and make appropriate decisions. Explain the budget and the pricing of the product using the calculation of unit costs (3.1, 3.2)
? Assess and evaluate the assess the viability of a project using investment appraisal techniques (LO 3.3)
Note: It is important that students chose a company which they can obtain financial data. You must reference the sources of information and must not create figures to justify reasons.

BTEC Higher National Diploma in Business
Unit 2: Managing Financial Resources and Decisions Regent College 7
Assessment Criteria:
P1-P13 Pass Criteria M1-M3 Merit Criteria D1-D3 Distinction Criteria
To Achieve a Pass
To gain a pass grade you must attempt all three assignments and you must satisfy the pass criteria as outlined below.
LO 1.1 identify the sources of finance available to a business (P1) LO 1.2 assess the implications of the different sources (P2) LO 1.3 evaluate appropriate sources of finance for a business project (P3) LO 2.1 analyse the costs of different sources of finance (P4) LO 2.2 explain the importance of financial planning (P5) LO 2.3 assess the information needs of different decision makers (P6) LO 2.4 explain the impact of finance on the financial statements (P7) LO 3.1 analyse budgets and make appropriate decisions (P8) LO 3.2 explain the calculation of unit costs and make pricing decisions using relevant information (P9) LO 3.3 assess the viability of a project using investment appraisal techniques (P10) LO 4.1 discuss the main financial statements (P11) LO 4.2 compare appropriate formats of financial statements for different types of business (P12) LO 4.3 interpret financial statements using appropriate ratios and comparisons, both internal and external (P13)

BTEC Higher National Diploma in Business
Unit 2: Managing Financial Resources and Decisions Regent College 8
To Achieve a Merit
To gain a merit grade you must achieve all the pass criteria and in addition you must satisfy the criteria as outlined below.
Identify and apply strategies to find appropriate solutions through effective judgement (M1)
Select/design and apply appropriate methods/techniques. You are judged on the application of relevant theories and techniques and the justification for their application (M2)
Present and communicate appropriate findings. This includes the use the appropriate structure and approach with coherent, logical development of principles/concepts for the intended audience (M3)
To Achieve a Distinction
To gain a Distinction grade you must achieve all the pass criteria and all the merit criteria and in addition you must satisfy the criteria as outlined below.
Use critical reflection to evaluate own work and justify valid conclusions including realistic improvements which have been proposed against defined characteristics for success. (D1)
Demonstrate convergent / lateral/creative thinking by showing evidence on receptiveness to new ideas and effective thinking in unfamiliar contexts. (D2)
Take responsibility for managing and organising activities including accommodating the unforeseen and recognising the importance of interdependence. (D3)
Your subject tutor will be able to give you general guidance and feedback on improving your work however it is your responsibility to seek feedback from the subject tutors on the above criteria for you to achieve the intended grades.

BTEC Higher National Diploma in Business
Unit 2: Managing Financial Resources and Decisions Regent College 9
Support materials
Textbooks Cox D and Fardon M — Management of Finance (Osborne Books, 2003) ISBN: 1872962238
Dyson J R — Accounting for Non-Accounting Learners (Pitman, 2003) ISBN: 0273646834
Journals and newspapers
The financial and mainstream press can provide useful background reading, and can also be a useful source of case studies and financial information. Copies of published financial reports are available from companies themselves, or via The Financial Times (a free online ordering service is available).
Websites
The professional accounting bodies all have websites with lots of useful information and links. The Financial Times website includes a free service providing copies of financial reports. Biz/ed provides a wealth of useful resources aimed at learners and teachers.
www.aat.co.uk The Association of Accounting Technicians www.accountingtechnician.co.uk Accounting Technician magazine www.bized.ac.uk provides case studies appropriate for educational purposes www.ft.com The Financial Times
BTEC Higher National Diploma in Business
Unit 2: Managing Financial Resources and Decisions Regent College 10
Plagiarism and Collusion
When producing the assignments, Learners must not copy any material whole or part from fellow students intentionally or unintentionally. Any materials including phrases, paragraphs, diagrams, tables, charts or graphics copied from books, journals, web sites or any other sources must be properly referenced according to the Harvard referencing system. Even if the words are changed or altered learners must clearly reference the source. Learners are required to produce a ‘Turn-it-in’ originality report for any coursework, essays submitted for assessment. Any assignments submitted without a ‘Turn-it-in’ report will be refused and returned without marking.
Collusion: Unless stated otherwise, you must not produce assignments in collaboration with fellow students where the assessment is based on the individual work. Such material will be refused by the assessor and you will receive no grade. You must not share your individual assignments with fellow students and in an event both lender and the receiver will be disqualified for the assessment.
Plagiarism and Collusion is seriously dealt with in accordance with the regulations at Regent College and any learner who fails to produce an original piece of work may be disqualified of taking the assessment and may have to repeat the unit.
Please visit the link http://www.regentcollegelondon.com/Policies.asp to read our Academic Misconduct Policy for further information on above. You can also access this policy by accessing VLE.
Extension and Late Submission
Please visit the link http://www.regentcollegelondon.com/Policies.asp to read our Assessment Policy in order to acquire information concerning the above matter. You can also access this policy by accessing VLE.
Attendance and Punctuality
Attending all your sessions is vital for your studies. We expect students to attend 100% of your classes. Please visit the link http://www.regentcollegelondon.com/Policies.asp to read our Attendance Policy for further information on above. You can also access this policy by logging on to VLE.
General Guidance
This unit is assessed on 100% coursework including your active participation in lessons. You must submit both assignments to receive an overall grade.
BTEC Higher National Diploma in Business
Unit 2: Managing Financial Resources and Decisions Regent College 11
You should plan well in advance on how to tackle this assignment. You should seek knowledge outside the classroom lectures and activities to gain maximum learning outcome. You should access recommended supporting materials as suggested and use the knowledge in your assignments.
BTEC Higher National Diploma in Business
Unit 2: Managing Financial Resources and Decisions Regent College 12
Programme: BTEC Higher National Diploma in Business Unit Number and Title: Unit 2, Managing Financial Resources and Decisions Module Tutor: Azmat Firdous | Khyati Patel Learner name:
Information/feedback on assessment and grading criteria
Assessment criteria (Pass-P)
Achieved
Evidence
Feedback
LO 1.1 identify the sources of finance available to a business (P1)
Yes/No
LO 1.2 assess the implications of the different sources (P2)
Yes/No
LO 1.3 evaluate appropriate sources of finance for a business project (P3)
Yes/No
LO 2.1 analyse the costs of different sources of finance (P4)
Yes/No
LO 2.2 explain the importance of financial planning (P5)
Yes/No
LO 2.3 assess the information needs of different decision makers (P6)
Yes/No
LO 2.4 explain the impact of finance on the financial statements (P7)
Yes/No
Feedback Sheet
BTEC Higher National Diploma in Business
Unit 2: Managing Financial Resources and Decisions Regent College 13
LO 3.1 analyse budgets and make appropriate decisions (P8)
Yes/No
LO 3.2 explain the calculation of unit costs and make pricing decisions using relevant information (P9)
Yes/No
LO 3.3 assess the viability of a project using investment appraisal techniques (P10)
Yes/No
LO 4.1 discuss the main financial statements (P11)
Yes/No
LO 4.2 compare appropriate formats of financial statements for different types of business (P12)
Yes/No
LO 4.3 interpret financial statements using appropriate ratios and comparisons, both internal and external (P13)
Yes/No

BTEC Higher National Diploma in Business
Unit 2: Managing Financial Resources and Decisions Regent College 14
Grading criteria (Merit-M; Destination-D)
Achieved
Evidence
Feedback
Identify and apply strategies to find appropriate solutions through effective judgement (M1)
Yes/No

Select/design and apply appropriate methods/techniques. You are judged on the application of relevant theories and techniques and the justification for their application (M2)
Yes/No

Present and communicate appropriate findings. This includes the use the appropriate structure and approach with coherent, logical development of principles/concepts for the intended audience (M3)
Yes/No

Use critical reflection to evaluate own work and justify valid conclusions including realistic improvements which have been proposed against defined characteristics for success. (D1)
Yes/No

BTEC Higher National Diploma in Business
Unit 2: Managing Financial Resources and Decisions Regent College 15
Demonstrate convergent / lateral/creative thinking by showing evidence on receptiveness to new ideas and effective thinking in unfamiliar contexts. (D2)
Yes/No

Take responsibility for managing and organising activities including accommodating the unforeseen and recognising the importance of interdependence. (D3)
Yes/No

Assessor’s general comments:
Assessor’s Signature: ……………………………………………………………………………………………………….
Print Name: ………………………………………………………………………………………………….
Date: ……………………………..