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Pearson BTEC Level 7 Extended Diploma in Strategic Management & Leadership Managing Financial Principles and Techniques

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Assignment Task Task 1 You should choose a good or a service, which is generated by an organisation in Hong Kong with which you are familiar. You should then Discuss different means of categorising costs and identify how such categories can be applied (or not) to the different costs incurred in the production of your chosen good or service. b) On the basis of your discussion above design a system to measure and record the costs involved in producing that good or service. c) With reference to relevant theory and concepts, explain the role that costs may play in an organisat...

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Assignment Task Task 1 You should choose a good or a service, which is generated by an organisation in Hong Kong with which you are familiar. You should then Discuss different means of categorising costs and identify how such categories can be applied (or not) to the different costs incurred in the production of your chosen good or service. b) On the basis of your discussion above design a system to measure and record the costs involved in producing that good or service. c) With reference to relevant theory and concepts, explain the role that costs may play in an organisation’s pricing decision.Propose improvements to the costing and pricing systems used by an organisation with which you are familiar. d) With reference to relevant theory and concepts recommend processes that could assist you chosen organisation reduce some costs. e) Evaluate how far Activity Based Costing might be an appropriate means of identifying the full cost of the good or service considered above. Task 2 This question concerns a fictional company called Gablehead. They are a kitchen equipment manufacturing company who have recently expanded quite significantly. You work for them as an accountant and have prepared the following sales revenue figures for the last 9 months. Sales revenue (HKD) April 667,810 May 738,159 June 795,121 July 849,120 August 1,017,167 September 1,098,040 October 1,150,192 November 1,277,204 December 1,302,351 You are required to Moving averages can be used to forecast future performance. Explain what is meant by the term moving average and calculate a three month moving average for the sales figures above. Use that calculation as the basis of forecasting sales revenue for the next two months i.e. January and February. Explain the methodology you have used, making particular references to any assumptions you have made within that methodology. Discuss what can be considered to be good practice in both the construction of a master budget by a large organisation and budgetary monitoring and control. Evaluate how far the use of budgets by organisations to monitor and control financial performance conforms to the good practice in budgetary monitoring and control you discussed in the previous question. You should provide some budgeted target figures and corresponding actual figures. Identify the variances between these two sets of figures, discuss how significant you think the variances might be considered to be and their possible causes. Task 3 A company with $20,000,000 to invest is considering two possible investment projects. Below we set out the anticipated cash flows for each project. Year Project A Project B $000 $000 0 (20,000) (20,000) 1 1,090 1,020 2 2,600 2,700 3 9,090 5,600 4 7,980 11,590 5 8,470 6,470 Other relevant information is the company discounts its investment projects using a 4% discount rate the company depreciates its capital assets on a straight-line basis; for the above project you should assume that the equipment has no scrap value at the end of the 5 year period. For each of the above projects you are required to calculate their payback accounting rate of return Discuss the strengths and weaknesses of each of the investment appraisal techniques above. Based upon the calculations in a), recommend which project the company should adopt if any. Give reasons for your decision. Describe one other investment appraisal technique the company might have used and discuss why. e) Identify three possible sources of finance available to the company for this investment and discuss the advantages and disadvantages of each source. Discuss how a post- appraisal audit may help one improve on the effectiveness of investment decision making. g) Discuss the main differences between investment appraisal in the public sector and the private sector. Task 4 Based upon the published financial accounts of a company in Hong Kong of your choice, assess the profitability of the company over the last two financial years. Discuss how the organization might respond to your discussion in a) and if necessary, improve its profitability.

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The company selected for this task is Kowloon Dairy Limited which is one of the three dairy producers in Hong Kong. It was established in 1940 and has a product range from eight types of milk to four types of ice cream choices with eight different flavours.

 

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