Respond to all four questions below on a new, blank word processing document, 1 paragraph minimum per question (such as MS Word). Example Question 1A, Question 1B, etc.
Develop each answer to the fullest extent possible, discussing the nuances of each topic and presenting your arguments logically.
In addition, include citations from the class content resources in weeks 1- 4 to support your arguments. (Posted below and in the attachments due to password required readings.
Each answer should be robust and developed in-depth.
You are expected to demonstrate critical thinking skills, as well as an understanding of the issues identified. Some questions may also require personal reflection and practical application. Your responses will be evaluated for content as well as grammar and punctuation.
All writing must be your original work. PLEASE do not copy or quote anything. Sources are just that, a reference. Once you locate the information, read and interpret the data. What does it mean to you? Type your own thoughts and own words. Then, include in-text citations to support your ideas. This is not a research paper.
FORMAT:
Include a Cover Page with Name, Date, and Title of Assignment.
Do not include the original question, only the question number.
Each response should be written in complete sentences, minimum 1 paragraph per question, double-spaced, and spell-checked. Use 12-point Times New Roman font with 1-inch margins on all sides. Include page numbers according to APA formatting guidelines.
In addition, you will want to include citations in APA format at the end of each answer. Include a minimum of 3 references for each answer.
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Question 1:
(A) Discuss the evolution of the HR role from administrative to strategic. What internal and external factors were involved in this transition? Rank and discuss the top three skills needed by HR professionals to be effective as strategic business partners. Provide your rationale with supporting evidence.
(B) Reflect on the HR function in your current organization or an organization you have worked for in the past. Evaluate the HR role in the organization and discuss the alignment between HR priorities and the organizational strategy (do not name the organization). Did you see evidence of a strategic focus? Support your position with specific examples.
Question 2:
(A) Discuss how an organization’s diversity strategy can support the business strategy. Provide at least three specific examples and explain why and how they support organizational success.
(B) Consider the organization you work for or one you have worked for in the past and evaluate the diversity program. How was it effective and how did it support the strategic goals of the organization? If it was not effective, explain what factors made it ineffective.
Question 3:
Some organizations follow a lengthy, complex selection process, whereas in other organizations the process may be more streamlined. Some may view the longer and more complex selection process to be more valid.
(A) What are the advantages and disadvantages of using a lengthier process versus a more streamlined (shorter) one? Consider the perspectives of both the job seekers and the organization and the tradeoffs between efficiency and effectiveness. As a job seeker, what process would you prefer to follow and why?
(B) Consider the selection process for an organization where you were ultimately hired. How would you describe the process from a candidate perspective? Do you believe it was effective? Why or why not?
Question 4:
(A) Discuss the interrelationships between recruiting, selection, and retention. Why is it important to consider employee retention in the selection process? How would you evaluate your organization’s recruiting and selection programs? What specific metrics would you use to measure the success of these programs?
(B) Assume the role of a human resource manager tasked with developing a new employee retention strategy. How would you appeal to generational differences in the workplace? Propose two ideas and discuss why you believe they would be effective
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Supplemental Resources: Week 1 to 4 (Main Readings will be in the attachments)
- Chapter 1 "Chapter 1 - The Role of Human Resources" in Human resource management. Retrieved from http://www.saylor.org/site/textbooks/HumanResourceManagement.pdf
- Chapter 2 "Developing and Implementing Strategic HRM Plans" in Human resource management. Retrieved from http://www.saylor.org/site/textbooks/HumanResourceManagement.pdf
- Lobell (2021). What HR Professionals Are Looking Forward to in 2021 (shrm.org)
- Bersin (2021). 2021 and Recruitment - Human Resources Today
- Leonard (2019) Contemporary Issues faced by Human Resource Managers Today- Chapter 3 - Diversity and Multiculturalism in Human resource management. Retrieved from http://www.saylor.org/site/textbooks/HumanResourceManagement.pdf
- The U.S. Equal Employment Opportunity Commission’s “Overview of the U. S. Equal Employment Opportunity Commission” (HTML) Retrieved from: http://www.eeoc.gov/eeoc/index.cfm (U.S. EEOC government Web site)
- The U.S. Equal Employment Opportunity Commission’s “Laws Enforced by the EEOC” Retrieved from http://www.eeoc.gov/laws/statutes/index.cfm (EEOC government Web site listing and describing laws enforced by EEOC)
- The U.S. Equal Employment Opportunity Commission’s “Types of Discrimination” Retrieved from http://www.eeoc.gov/laws/types/index.cfm (EEOC Web site)
- Washington and Patrick (2018) 3 Requirements for a Diverse and Inclusive Culture
- Schooley (2022). Anti-Discrimination Laws in the Workplace
- Discrimination and Harassment in the Workplace (ncsl.org)
- Chapter 4 "Recruitment" in Human resource management. Retrieved from http://www.saylor.org/site/textbooks/HumanResourceManagement.pdf
- Chapter 5 "Selection" in Human resource management. Retrieved from http://www.saylor.org/site/textbooks/HumanResourceManagement.pdf
- Vulpen (n.d.) 14 HR Metrics Examples
- Schneider (2018). 11 HR Metrics every Manager Should Know
- Sullivan (2017). Top 10 HR and TA Metrics
- Juneja (n.d). Understanding Job Analysis
- Juneja (n.d.). Role of Job Analysis in Hiring Practices
- Juneja (n.d). Purpose of a Job Description
- Juneja (n.d). Job Description and Job Specification
- Albright (2021). New Ideas For Your Recruitment Strategy in 2021
-
- Chapter 6 "Compensation and Benefits" in Human resource management. Retrieved from http://www.saylor.org/site/textbooks/HumanResourceManagement.pdf
- Chapter 7 "Retention and Motivation" in Human resource management. Retrieved from http://www.saylor.org/site/textbooks/HumanResourceManagement.pdf
- Rice University (n.d). Employee Compensation and Benefits Retrieved from OpenStax Employee Compensation and Benefits, Employee Compensation and Benefits, OpenStax CNX. Sep 18, 2018 https://opentextbc.ca/businessopenstax/chapter/employee-compensation-and-benefits/
- The Best Ways to Reward Employees (n.d). Retrieved from http://www.entrepreneur.com/article/75340 (A short article on how to reward employees
- Whitehurst (2018). Why aren't we more invested in our work?
- Juneja (n.d). Purpose of a Job Analysis
- Juneja (n.d). Job Analysis Process
- Juneja (n.d). Job Design
- Juneja (n.d). Employee Retention
- Juneja (n.d). Importance of Employee Retention
- Juneja (n.d). Total Rewards Management
- Juneja (n.d). Motivation and Rewards
- Juneja (n.d). Job Analysis Methods
- Juneja (n.d). Issues in Job Design
- Juneja (n.d). Approaches to Job Design
- Juneja (n.d). Factors affecting Job Design
- Juneja (n.d). Employee Retention Strategies
- Juneja (n.d). Role of Motivation in Employee Retention
- Juneja (n.d). Employee Engagement and Employee Retention
- Juneja (n.d). Leadership: Intrinsic vs Extrinsic Motivation
- Gendelman (2016). 11 Employee Perks
https://bit.ly/3OLUQFc
Monday, 4 July 2022
Sunday, 3 July 2022
Required Readings from the Textbook - Managerial Accounting: The Cornerstone of Business Decision Making:
Chapter 12: Capital Investment Decisions
Length of Initial Postings: Students will read the assigned textbook chapters from the Managerial Accounting textbook each week. Then they will then post three (3) substantive postings that they found interesting in each assigned textbook chapter. For example, if there are two (2) chapters assigned for Week 2, students will read each chapter and provide three (3) substantive postings for each individual chapter (total of 6 substantive initial postings for Week 2).
Initial Postings Must be Substantive: In order for each individual initial posting to be substantive, the students will provide, in their own words, a paragraph that is a minimum of four (4) sentences long for each topic (3 topics/paragraphs per textbook chapter). The posting paragraph must inform or even teach the reader about the concept they found interesting in their own words. Therefore, for each textbook chapter, the student will provide a minimum of three (3) full substantive paragraphs in their own words on different topics they found interesting or new. Remember that postings must be in the student's own words - do not provide quotes!
https://bit.ly/3yE3MGZ
Chapter 12: Capital Investment Decisions
Length of Initial Postings: Students will read the assigned textbook chapters from the Managerial Accounting textbook each week. Then they will then post three (3) substantive postings that they found interesting in each assigned textbook chapter. For example, if there are two (2) chapters assigned for Week 2, students will read each chapter and provide three (3) substantive postings for each individual chapter (total of 6 substantive initial postings for Week 2).
Initial Postings Must be Substantive: In order for each individual initial posting to be substantive, the students will provide, in their own words, a paragraph that is a minimum of four (4) sentences long for each topic (3 topics/paragraphs per textbook chapter). The posting paragraph must inform or even teach the reader about the concept they found interesting in their own words. Therefore, for each textbook chapter, the student will provide a minimum of three (3) full substantive paragraphs in their own words on different topics they found interesting or new. Remember that postings must be in the student's own words - do not provide quotes!
https://bit.ly/3yE3MGZ
Required Readings from the Textbook - Managerial Accounting: The Cornerstone of Business Decision Making:
Chapter 13: Emerging Topics in Managerial Accounting
Length of Initial Postings: Students will read the assigned textbook chapters from the Managerial Accounting textbook each week. Then they will then post three (3) substantive postings that they found interesting in each assigned textbook chapter. For example, if there are two (2) chapters assigned for Week 2, students will read each chapter and provide three (3) substantive postings for each individual chapter (total of 6 substantive initial postings for Week 2).
https://bit.ly/3P2XANQ
Chapter 13: Emerging Topics in Managerial Accounting
Length of Initial Postings: Students will read the assigned textbook chapters from the Managerial Accounting textbook each week. Then they will then post three (3) substantive postings that they found interesting in each assigned textbook chapter. For example, if there are two (2) chapters assigned for Week 2, students will read each chapter and provide three (3) substantive postings for each individual chapter (total of 6 substantive initial postings for Week 2).
https://bit.ly/3P2XANQ
1. Using 500-700 words discuss Immanuel Kant's Ethical Theory i.e., deontology and how it may apply to modern policing ethical practices. In doing so, describe the theory of deontology and provide some historical background pertaining to Kant (born 1724 - died 1804). No direct quotes should be used in the response.
2. Using 500-700 words discuss some of the peer-reviewed research findings pertaining to why individuals behave unethically. In doing so, discuss using critical thinking what the academic literature has to say and apply that information toward police officer unethical conduct. No direct quotes should be utilized in the response.
Both Answers require the essay response given should reflect upper-level undergraduate writing in accordance with current APA standards. The essay response is to include a minimum of 3 peer-reviewed scholarly sources listed in proper APA format with in-text citation(s) in proper APA format. In-text citations are to correspond to a source in proper APA format listed after the essay response.
https://bit.ly/3IaK8p0
2. Using 500-700 words discuss some of the peer-reviewed research findings pertaining to why individuals behave unethically. In doing so, discuss using critical thinking what the academic literature has to say and apply that information toward police officer unethical conduct. No direct quotes should be utilized in the response.
Both Answers require the essay response given should reflect upper-level undergraduate writing in accordance with current APA standards. The essay response is to include a minimum of 3 peer-reviewed scholarly sources listed in proper APA format with in-text citation(s) in proper APA format. In-text citations are to correspond to a source in proper APA format listed after the essay response.
https://bit.ly/3IaK8p0
A key aspect of applying various therapeutic approaches in Gestalt Group Therapy has to do with different experimentation. Gestalt therapy likes to focus on moving from talking about issues to creating actions for change. Experiments allow group members to practice these new behaviors in a safe and trusting environment.
Review some of the techniques/experiments in chapter 11 as listed below and CHOOSE ONEfor this assignment.
- Experiments with Internal Dialogues
- Making the Rounds
- Fantasy Approaches
- Rehearsal
- The Exaggeration Technique
- Dream Work in Groups
1) Choose an Experiment - From the list above, choose one of these experiments to conduct with a "client." While it would be nice for you to practice with a small group of individuals, you are only required to practice one of these techniques with one individual. So find another willing friend, family member, or coworker to be your fake client! Some of these exercises might require that you use a "group," such as Making the Rounds. Reminder that it is important to practice applying these types of theories instead of simply reading about them!
2) Conduct Mock Experiment - Please know that you are on the Honor System to ensure that you conduct an actual mock experiment in this Advanced level Direct Practice concentration where experience and practice are key!
- Practice introducing the experiment to your "client" and explain what they will be doing and why
- Complete Gestalt experiment of your choice from the list
- Provide appropriate feedback to your client
- Then practice closing your session by recapping and summarizing what was learned
3) Report on Your Experience - Provide a written summary of your experience in APA format. - 30 points
- Provide insight into your client such as their age, gender, occupation, etc. but no name should be given.
- Make sure you have headers to clearly identify and clarify the different sections covered.
- Cite your information within your paper when you reference information you used from the text as I will be looking to see where you took the information learned and applied it to your experiences.
- Your summary should identify what you did, how it went, and your thoughts/reflections on the process as well as your performance. Did it go well? Where there areas you could improve on? Did you like the experiment? Do you feel it would be beneficial? Is there anything your would change? How would you use this with an entire group versus just an individual?
- part 2
- As you read last week, our services have changed drastically since the Pandemic began. Many agencies and individual Social Workers began conducting teletherapy for the first time. There have of course been positive and negatives to moving to remote services. Listen to the following guidelines for implementing teletherapy and then post a 150 word reaction/response to the Discussion Board (DB). In addition to your general reactions/thoughts, be sure to answer the following questions:- What do you think are the advantages of teletherapy for our clients?
- As a remote student, do you think services are effective when delivered remotely?
- What are some of the major concerns or disadvantages of teletherapy?Ep.52: Tips for Successfully Implementing TeletherapyPlease remember Discussion Board Posts are considered academic writing and will be evaluated as such. Your response should be in paragraph form. Also remember to use complete sentences, proper grammar, and capitalization. This is not a text message board.
https://bit.ly/3bMEnC2
Review some of the techniques/experiments in chapter 11 as listed below and CHOOSE ONEfor this assignment.
- Experiments with Internal Dialogues
- Making the Rounds
- Fantasy Approaches
- Rehearsal
- The Exaggeration Technique
- Dream Work in Groups
1) Choose an Experiment - From the list above, choose one of these experiments to conduct with a "client." While it would be nice for you to practice with a small group of individuals, you are only required to practice one of these techniques with one individual. So find another willing friend, family member, or coworker to be your fake client! Some of these exercises might require that you use a "group," such as Making the Rounds. Reminder that it is important to practice applying these types of theories instead of simply reading about them!
2) Conduct Mock Experiment - Please know that you are on the Honor System to ensure that you conduct an actual mock experiment in this Advanced level Direct Practice concentration where experience and practice are key!
- Practice introducing the experiment to your "client" and explain what they will be doing and why
- Complete Gestalt experiment of your choice from the list
- Provide appropriate feedback to your client
- Then practice closing your session by recapping and summarizing what was learned
3) Report on Your Experience - Provide a written summary of your experience in APA format. - 30 points
- Provide insight into your client such as their age, gender, occupation, etc. but no name should be given.
- Make sure you have headers to clearly identify and clarify the different sections covered.
- Cite your information within your paper when you reference information you used from the text as I will be looking to see where you took the information learned and applied it to your experiences.
- Your summary should identify what you did, how it went, and your thoughts/reflections on the process as well as your performance. Did it go well? Where there areas you could improve on? Did you like the experiment? Do you feel it would be beneficial? Is there anything your would change? How would you use this with an entire group versus just an individual?
- part 2
- As you read last week, our services have changed drastically since the Pandemic began. Many agencies and individual Social Workers began conducting teletherapy for the first time. There have of course been positive and negatives to moving to remote services. Listen to the following guidelines for implementing teletherapy and then post a 150 word reaction/response to the Discussion Board (DB). In addition to your general reactions/thoughts, be sure to answer the following questions:- What do you think are the advantages of teletherapy for our clients?
- As a remote student, do you think services are effective when delivered remotely?
- What are some of the major concerns or disadvantages of teletherapy?Ep.52: Tips for Successfully Implementing TeletherapyPlease remember Discussion Board Posts are considered academic writing and will be evaluated as such. Your response should be in paragraph form. Also remember to use complete sentences, proper grammar, and capitalization. This is not a text message board.
https://bit.ly/3bMEnC2
- The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
- Assignments submitted through email will not be accepted.
- Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
- Students must mention question number clearly in their answer.
- Late submission will NOT be accepted.
- Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
- All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).
- Submissions without this cover page will NOT be accepted.
Assignment 1
Reference Source:
Textbook:-
Management: A Practical Introduction (10th edition), by Angelo Kinicki & Denise Breaux Soignet ,Published by McGraw-Hill Education, 2 Penn Plaza, New York, NY 10121.
Critical thinking 1:
Principles of Management
Reference: MGT490-Book-Chapter No-01 (The Exceptional Manager)
This chapter has introduced you to how Henry Mintzberg changed the perception of a manager's role by studying how they spent their working day and classifying managerial activities into decisional, interpersonal and informational roles. This gave a new insight into the activities involved in being a manager but did not distinguish between the things that people called ‘manager’ do that contribute to the management of the organisation (such as coordination and control) from the things they do that everyone in an organisation does (such as talking to other people). In this context, the earlier contribution of Fayol in outlining the main purposes of management is considered to still be of relevance, although it provides limited understanding of how managerial jobs are affected by the environment in which managers work.
you will need to do further research beyond reading the chapter.
Assignment Question(s):
1. To understand what managers do, explain how it is necessary to study both the activities performed by managers and the purposes of their activity. (05 Marks) (Min words 150-200)
2. As well as variation across the levels of management (first-tier, middle and top), how would you expect the manager's role to vary with the extent to which the organisational environment is changing, such as through new technology, changes in market demand or new forms of competition? (05 Marks) (Min words 200)
3. Mintzberg’s study in the 1960s came up with three important findings about a manager’s routine. What are they, and are they probably still the same today? (05 Marks) (Min words 150-200)
4. What is the potential importance of studying how managers like to spend their work time as well as how they actually allocate their work time between different activities? (05 Marks) (Min words 200)
5.Explain how it is possible that there might be a difference between successful and effective managers in terms of how each type of manager tends to spend their time. (05 Marks) (Min words 150-200)
6.What are the seven challenges of being a manager, and which one is the one I will probably most have to worry about during my lifetime?. (05 Marks) (Min words 150-200)
Important Note: -
1. Support your submission with course material concepts, principles, and theories from the textbook and at least FOUR scholarly, peer-reviewed journal articles.
2. References required in the assignment. Use APA style for writing references.
Requirements: it is mentioned in the file for every question.
https://bit.ly/3ac0L7i
- Assignments submitted through email will not be accepted.
- Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
- Students must mention question number clearly in their answer.
- Late submission will NOT be accepted.
- Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
- All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).
- Submissions without this cover page will NOT be accepted.
Assignment 1
Reference Source:
Textbook:-
Management: A Practical Introduction (10th edition), by Angelo Kinicki & Denise Breaux Soignet ,Published by McGraw-Hill Education, 2 Penn Plaza, New York, NY 10121.
Critical thinking 1:
Principles of Management
Reference: MGT490-Book-Chapter No-01 (The Exceptional Manager)
This chapter has introduced you to how Henry Mintzberg changed the perception of a manager's role by studying how they spent their working day and classifying managerial activities into decisional, interpersonal and informational roles. This gave a new insight into the activities involved in being a manager but did not distinguish between the things that people called ‘manager’ do that contribute to the management of the organisation (such as coordination and control) from the things they do that everyone in an organisation does (such as talking to other people). In this context, the earlier contribution of Fayol in outlining the main purposes of management is considered to still be of relevance, although it provides limited understanding of how managerial jobs are affected by the environment in which managers work.
you will need to do further research beyond reading the chapter.
Assignment Question(s):
1. To understand what managers do, explain how it is necessary to study both the activities performed by managers and the purposes of their activity. (05 Marks) (Min words 150-200)
2. As well as variation across the levels of management (first-tier, middle and top), how would you expect the manager's role to vary with the extent to which the organisational environment is changing, such as through new technology, changes in market demand or new forms of competition? (05 Marks) (Min words 200)
3. Mintzberg’s study in the 1960s came up with three important findings about a manager’s routine. What are they, and are they probably still the same today? (05 Marks) (Min words 150-200)
4. What is the potential importance of studying how managers like to spend their work time as well as how they actually allocate their work time between different activities? (05 Marks) (Min words 200)
5.Explain how it is possible that there might be a difference between successful and effective managers in terms of how each type of manager tends to spend their time. (05 Marks) (Min words 150-200)
6.What are the seven challenges of being a manager, and which one is the one I will probably most have to worry about during my lifetime?. (05 Marks) (Min words 150-200)
Important Note: -
1. Support your submission with course material concepts, principles, and theories from the textbook and at least FOUR scholarly, peer-reviewed journal articles.
2. References required in the assignment. Use APA style for writing references.
Requirements: it is mentioned in the file for every question.
https://bit.ly/3ac0L7i
AC4052QA Financial Accounting – APR22INTAKE
Assessment Component: Coursework
Weighting: This Coursework contributes 100% to the Overall Module Mark
Word count (1500 words Max): Section A 1200 words(max) and Section B 300 words(max)
Submission: Students to submit to Turnitin via module Weblearn
INSTRUCTIONS:
This coursework has two sections. Section A has ONE question and Section B has TWO questions.
- Answer all question
- Show all working out.
- It is mandatory to use the template provided
- You must show all working out. You may use Excel, but you must show the formula for the excel calculations
SECTION A
QEUESTION 1
This assignment requires each student to work on the published financial statements of ASOS PLC for two years from 2020 to 2021.
You are required:
Write a brief report on the performance of ASOS over the financial periods 2020 to 2021.You should use the financial statements provided below to calculate the required accounting ratios shown below and use any other information relevant to ASOS PLC for your comments. Information can be accessed from the annual report and accounts and any other source of evidence that you believe helps to explain the company’s performance and position. (30Marks)
Calculate ratios from ASOS 2020 and 2021 annual reports and comment on the comparative performance
ASOS year end 31 August 2020-21 20212020 Income statement£m£m Sales revenue3,9113,264 Cost of sales2,1341,716 Gross profit1,7761,547 Operating profit (use for PBIT)190151 Interest paid1310 20212020 Balance sheet£m£m Non-current assets1,325970 Current assets1,5601,020 Inventories807532 Trade and other receivables5860 Current assets less inventories753487 Current liabilities998818 Trade and other payables956770 Non-current liabilities1,034810 Total equity1,034810 Capital employed2,0681,621
SOLUTION: A1 2021 2020 Ratios: Profitability Return on capital employed Net profit margin Asset turnover Comments Working capital: 2021 2020 Inventory days Receivable days Payable days Comments Liquidity: 2021 2020 Current ratio Acid test Comments Long- term financing: 2021 2020 Gearing Comments
Marking criteria for section A:
Explanatory comments on the assessment criteria Maximum marks for each section Recommended marks Assessment criteria: (Guidelines – suggested –under FOUR MAIN HEADINGS) Correct answersCalculations(18 marks): 2marks each - 1mark for 2020, 1 mark for 2021Interpretation of ratios (comparative comments) Relevance, clear demonstration of understanding and applied in context (9 Marks): 1marks for each specific ratioConclusion/ RecommendationsIdentifying the key points raised (3marks)
SECTION B
Question B1 (58marks)
GIORGIO F PLC: The following balances were extracted from the accounting records of Giorgio F PLC Trial Balance as of 31 March 2020 DRCR Purchases372,000 Trade payables 80,000 Salaries and wages54,000 Directors' remuneration10,000 Audit fees3,000 Heat and light25,000 Inventory, 01 April 2019125,000 Debenture Interest10,000 Interim dividend paid120,000 Building at cost500,000 Building - accumulated depreciation 01 Apr 2019 50,000 Fixtures and fittings at cost100,000 Fixtures and fittings - accumulated depreciation, 01 Apr 2019 20,000 10% Debentures - 2023 90,000 Ordinary share capital (fully paid) 800,000 Trade receivables120,000 Bank267,000 Revenue 940,000 Share premium account 150,000 Retained earnings 145,000 Communications expenses20,000 General reserve 22,000 Long-term investments571,000 2,297,000 2,297,000
The following additional information as of 31 March 2020 should be considered: (i) Inventory was valued at £127,000 (ii) Audit fees of £500 were outstanding (iii) The prepaid debenture interest is to be accounted for (iv) Depreciation is to charge on buildings at 10% on the straight-line basis and on fixtures and fittings at 15% on the reducing balance basis (v) The directors decided to transfer £30,000 to the general reserve account Required: Prepare for Giorgio F PLC: (a) the statement of profit or loss for the year ended 31 March 2020 (b) the statement of changes in equity for the year ended 31 March 2020 (c) the statement of financial position for the year ended 31 March 2020
SOLUTION: B1
- (22marks)
GIORGIO F PLCSTATEMENT OF PROFIT OR LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2020 ££Revenue Cost of Sales(W1) Gross Profit Operating expenses(W2) Profit from operations Finance costs Profit for the year
WORKINGS ££ (W1)COST OF SALES Opening inventory Purchases (+) Closing inventory (-) (W2)OPERATING EXPENSES Heat and light Audit fee Communication expenses Salaries & wages Directors' remuneration Provision for depreciation: Buildings Fixtures &Fitting
b. (14marks)
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED31 MARCH 2020 Ordinary share capitalShare premium Retained earnings General reservesTotal Bal as of 01 April 2019 Profit for the year Dividends paid Transfer to general reserves Total
C. (22marks)
GORGIO F LIMITEDSTATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2020 £ £ £Non-current assets Property, Plant & Machinery (W3) Long-term investments Total Current assets Prepaid Debenture Interest Inventory Trade Receivables Bank Total assets Equity and Liabilities Ordinary Share Capital Share premium Retained Earnings General Reserves Non-current liabilities 10% Debentures - 2020 Current liabilities Trade Payables Accrued audit fees Equity and total liabilities
(W3)Non-current assets Property, Plant & Machinery Cost Accumulated DepreciationNBV £££ Buildings Fixtures & Fittings Total
Question B2 (12marks)
Grazyna Ltd, a new business, starts trading in sports shoes on 1st January 2021 and expects to make the following transactions for the 6 months ending 30th June2021:
(i) Sales are expected to be 300 units (sports shoes) per month for the 4months from January to April then 400 units per month from May to June.
(ii) The selling price will be £50 per unit.
(iii) All sales will be cash sales with cash received in the same month the sale takes place.
(iv) Purchases of inventory (sports shoes) will take place on month after the sales take place. (i.e., purchase takes place in January will be paid in February). Each unit of inventory will cost £30.
(v) Wages are expected to be £1000 per month and will be paid in the month in which they are incurred.
(vi) Rent will be £2000 per month to be paid quarterly in advance (i.e., the rent payment for January, February and March 2021 will be made on 1st January 2021).
(vii) General overheads are expected to cost £1000 per month and will be paid in the month in which they are incurred.
Required
a) Prepare a cash budget for the 6 months from January to June 2021. Show the cash receipts and cash payments the business expects to have each month and the cash balance at the end of each month. (7marks)
b) Prepare a profit budget for the 6 months ending 30th June 2021 (the month-by-month breakdown is not required only the total for the 6 months). (5marks)
Tip: You will need to work out the value of total sales revenue and total purchases of inventory for the 6 months to arrive at gross profit. There is no opening or closing inventory to worry about.
SOLUTION B2 (12marks)
- (7marks)
Grazyna Ltd Cash Budget for 6 Months to 30/6/21MonthJanuaryFeb.MarchAprilMayJuneTotal £££££££Sales Purchases Wages Rent Overheads Monthly net cash flow Balance @ beginning of the month Balance @ the end of the month
b. (5marks)
Grazyna Ltd Profit Budget for 6 Months to 30/6/21 ££Sales Less Cost of sales: Inventory purchases Gross Profit Less expenses: Rent Wages Overheads Net profit
Academic Integrity and Plagiarism
Academic integrity requires honesty in your studies. You should not present another person’s sentences or ideas as your own work. You should clearly identify quotations through the use of quotation marks and references to the sources. Failure to adhere to these academic standards may lead to allegations of academic misconduct, which will be investigated by the Academic Integrity team at QA.
Academic misconduct covers a variety of practices, such as:
For full details of academic misconduct and how allegations are investigated, see the relevant section of the University’s academic regulations: https://student.londonmet.ac.uk/your-studies/student-administration/rules-and-regulations/academic-misconduct/.
https://bit.ly/3ac0CAM
Assessment Component: Coursework
Weighting: This Coursework contributes 100% to the Overall Module Mark
Word count (1500 words Max): Section A 1200 words(max) and Section B 300 words(max)
Submission: Students to submit to Turnitin via module Weblearn
INSTRUCTIONS:
This coursework has two sections. Section A has ONE question and Section B has TWO questions.
- Answer all question
- Show all working out.
- It is mandatory to use the template provided
- You must show all working out. You may use Excel, but you must show the formula for the excel calculations
SECTION A
QEUESTION 1
This assignment requires each student to work on the published financial statements of ASOS PLC for two years from 2020 to 2021.
You are required:
Write a brief report on the performance of ASOS over the financial periods 2020 to 2021.You should use the financial statements provided below to calculate the required accounting ratios shown below and use any other information relevant to ASOS PLC for your comments. Information can be accessed from the annual report and accounts and any other source of evidence that you believe helps to explain the company’s performance and position. (30Marks)
Calculate ratios from ASOS 2020 and 2021 annual reports and comment on the comparative performance
ASOS year end 31 August 2020-21 20212020 Income statement£m£m Sales revenue3,9113,264 Cost of sales2,1341,716 Gross profit1,7761,547 Operating profit (use for PBIT)190151 Interest paid1310 20212020 Balance sheet£m£m Non-current assets1,325970 Current assets1,5601,020 Inventories807532 Trade and other receivables5860 Current assets less inventories753487 Current liabilities998818 Trade and other payables956770 Non-current liabilities1,034810 Total equity1,034810 Capital employed2,0681,621
SOLUTION: A1 2021 2020 Ratios: Profitability Return on capital employed Net profit margin Asset turnover Comments Working capital: 2021 2020 Inventory days Receivable days Payable days Comments Liquidity: 2021 2020 Current ratio Acid test Comments Long- term financing: 2021 2020 Gearing Comments
Marking criteria for section A:
Explanatory comments on the assessment criteria Maximum marks for each section Recommended marks Assessment criteria: (Guidelines – suggested –under FOUR MAIN HEADINGS) Correct answersCalculations(18 marks): 2marks each - 1mark for 2020, 1 mark for 2021Interpretation of ratios (comparative comments) Relevance, clear demonstration of understanding and applied in context (9 Marks): 1marks for each specific ratioConclusion/ RecommendationsIdentifying the key points raised (3marks)
SECTION B
Question B1 (58marks)
GIORGIO F PLC: The following balances were extracted from the accounting records of Giorgio F PLC Trial Balance as of 31 March 2020 DRCR Purchases372,000 Trade payables 80,000 Salaries and wages54,000 Directors' remuneration10,000 Audit fees3,000 Heat and light25,000 Inventory, 01 April 2019125,000 Debenture Interest10,000 Interim dividend paid120,000 Building at cost500,000 Building - accumulated depreciation 01 Apr 2019 50,000 Fixtures and fittings at cost100,000 Fixtures and fittings - accumulated depreciation, 01 Apr 2019 20,000 10% Debentures - 2023 90,000 Ordinary share capital (fully paid) 800,000 Trade receivables120,000 Bank267,000 Revenue 940,000 Share premium account 150,000 Retained earnings 145,000 Communications expenses20,000 General reserve 22,000 Long-term investments571,000 2,297,000 2,297,000
The following additional information as of 31 March 2020 should be considered: (i) Inventory was valued at £127,000 (ii) Audit fees of £500 were outstanding (iii) The prepaid debenture interest is to be accounted for (iv) Depreciation is to charge on buildings at 10% on the straight-line basis and on fixtures and fittings at 15% on the reducing balance basis (v) The directors decided to transfer £30,000 to the general reserve account Required: Prepare for Giorgio F PLC: (a) the statement of profit or loss for the year ended 31 March 2020 (b) the statement of changes in equity for the year ended 31 March 2020 (c) the statement of financial position for the year ended 31 March 2020
SOLUTION: B1
- (22marks)
GIORGIO F PLCSTATEMENT OF PROFIT OR LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2020 ££Revenue Cost of Sales(W1) Gross Profit Operating expenses(W2) Profit from operations Finance costs Profit for the year
WORKINGS ££ (W1)COST OF SALES Opening inventory Purchases (+) Closing inventory (-) (W2)OPERATING EXPENSES Heat and light Audit fee Communication expenses Salaries & wages Directors' remuneration Provision for depreciation: Buildings Fixtures &Fitting
b. (14marks)
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED31 MARCH 2020 Ordinary share capitalShare premium Retained earnings General reservesTotal Bal as of 01 April 2019 Profit for the year Dividends paid Transfer to general reserves Total
C. (22marks)
GORGIO F LIMITEDSTATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2020 £ £ £Non-current assets Property, Plant & Machinery (W3) Long-term investments Total Current assets Prepaid Debenture Interest Inventory Trade Receivables Bank Total assets Equity and Liabilities Ordinary Share Capital Share premium Retained Earnings General Reserves Non-current liabilities 10% Debentures - 2020 Current liabilities Trade Payables Accrued audit fees Equity and total liabilities
(W3)Non-current assets Property, Plant & Machinery Cost Accumulated DepreciationNBV £££ Buildings Fixtures & Fittings Total
Question B2 (12marks)
Grazyna Ltd, a new business, starts trading in sports shoes on 1st January 2021 and expects to make the following transactions for the 6 months ending 30th June2021:
(i) Sales are expected to be 300 units (sports shoes) per month for the 4months from January to April then 400 units per month from May to June.
(ii) The selling price will be £50 per unit.
(iii) All sales will be cash sales with cash received in the same month the sale takes place.
(iv) Purchases of inventory (sports shoes) will take place on month after the sales take place. (i.e., purchase takes place in January will be paid in February). Each unit of inventory will cost £30.
(v) Wages are expected to be £1000 per month and will be paid in the month in which they are incurred.
(vi) Rent will be £2000 per month to be paid quarterly in advance (i.e., the rent payment for January, February and March 2021 will be made on 1st January 2021).
(vii) General overheads are expected to cost £1000 per month and will be paid in the month in which they are incurred.
Required
a) Prepare a cash budget for the 6 months from January to June 2021. Show the cash receipts and cash payments the business expects to have each month and the cash balance at the end of each month. (7marks)
b) Prepare a profit budget for the 6 months ending 30th June 2021 (the month-by-month breakdown is not required only the total for the 6 months). (5marks)
Tip: You will need to work out the value of total sales revenue and total purchases of inventory for the 6 months to arrive at gross profit. There is no opening or closing inventory to worry about.
SOLUTION B2 (12marks)
- (7marks)
Grazyna Ltd Cash Budget for 6 Months to 30/6/21MonthJanuaryFeb.MarchAprilMayJuneTotal £££££££Sales Purchases Wages Rent Overheads Monthly net cash flow Balance @ beginning of the month Balance @ the end of the month
b. (5marks)
Grazyna Ltd Profit Budget for 6 Months to 30/6/21 ££Sales Less Cost of sales: Inventory purchases Gross Profit Less expenses: Rent Wages Overheads Net profit
Academic Integrity and Plagiarism
Academic integrity requires honesty in your studies. You should not present another person’s sentences or ideas as your own work. You should clearly identify quotations through the use of quotation marks and references to the sources. Failure to adhere to these academic standards may lead to allegations of academic misconduct, which will be investigated by the Academic Integrity team at QA.
Academic misconduct covers a variety of practices, such as:
For full details of academic misconduct and how allegations are investigated, see the relevant section of the University’s academic regulations: https://student.londonmet.ac.uk/your-studies/student-administration/rules-and-regulations/academic-misconduct/.
https://bit.ly/3ac0CAM
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