Utilizing A Well-Known Company Of Your Choice, Prepare A Report To Address The Following Aspects: Management Accounting Assignment, TCD, Ireland

University Trinity College Dublin (TCD)
Subject Management Accounting

ASSIGNMENT SPECIFICATION:

Utilizing a well-known company of your choice, prepare a report to address the following aspects of modern management accounting. Your report should display a degree of originality and depth beyond merely replicating information from the internet or common accounting texts.
a). The importance of relevant cashflows is central to the purpose of management accounting. Illustrate how relevant cashflows costs are classified and how understanding their behavior will assist the business in planning for the future.

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b). Breakeven analysis is a key tool that a modern business may use; outline with the aid of worked examples of how breakeven analysis is useful to the business you have selected.
c). A discussion of the aims, objectives, and usefulness, etc. of standard costing and variance analysis. Your explanation must be supported by relevant worked examples.

 
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Organizations Struggle To Address Many Challenges To Enable Them To Survive: Principles Of Management Assignment, DBS, Ireland

University Dublin Business School (DBS)
Subject Principles of Management

ASSIGNMENT SPECIFICATION:

A.) Organizations struggle to address many challenges to enable them to survive, let alone prosper. Select a non-fictitious organization of your choice and identify challenges or problems which the organization is experiencing. Describe how management should/could respond to these challenges.

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B.) Discuss the different types of departmentalization (traditional or modern) an organization can use and suggest which type of business they might be appropriate.
C.) Explain 4 of the elements of structural operation and/or configuration within organizations by referring to practical examples from your own work experience.

 
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You Are Required To Develop A Strategic Management Plan For An Organization: Strategic Management Assignment, GCD, Ireland

University Griffith College Dublin (GCD)
Subject Strategic Management

Assignment Brief – Project Based Assessment

You are required to develop a strategic management plan for an organization of your choice. This may be a company that you are familiar with from your home country.
As companies move forward in the twenty-first century, gaining and sustaining a competitive edge will be necessary to have a significant impact on market share. Employing strategic management analysis provides forward-thinking perspectives to drive business onward as the world marketplace continues to evolve.
This assignment requires you to apply strategic analysis models and the application of your personal judgment to your nominated organization and present your findings.
Some of the most common strategic management analysis tools are Porter’s Five Forces, SWOT, Ansoff’s Matrix, Porter’s generic strategies, value chain analysis, VRIO framework, etc.  The application of one tool over another relies heavily on the goals of the tool and the objectives of the organization.

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Learning Outcomes addressed and assessed in this Assignment:

  1. Critically appraise the relevance of strategic management concepts, theories, and empirical research to organizational case studies.
  2. Analyze the main structural features of an industry and develop strategies that position the firm most favorably in relation to the competition.
  3. Appraise the resources and capabilities of the firm in terms of their ability to confer sustainable competitive advantage and formulate strategies that leverage a firm’s core competencies.
  4. Formulate strategies for exploiting international business opportunities including foreign entry strategies and international location of production.
 
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Complete An Online Quiz Demonstrating Your Knowledge Of Financial And Management Accounting: Financial Management In Healthcare Assignment, RCSI, Ireland

University Royal College of Surgeons (RCSI)
Subject Financial Management in Healthcare

Learning Outcomes:

On successful completion of this module students will be able to:

  1. Compare and contrast the main principles of financial and management accounting.
  2. Prepare and evaluate a Business Case
  3. Interpret and critically analyze financial information.
  4. Assess and demonstrate examples of good financial management.
  5. Critically discuss, budgeting and costing, revenue and capital expenditure, and how they inform decision making in organizations.
  6. Critique the necessity for good financial policy and practice.

Section 1: Finance & Accounting Quiz

Complete an online quiz demonstrating your knowledge of financial and management accounting [assesses learning outcome 1]. The quiz is located on the VLE.

Section 2: Report

[Assesses learning outcomes 1, 2, 3, 4, 5, & 6]
The written submission assesses all six learning outcomes.
The assessment has three main parts covering practical accounting questions, proposing and justifying a business case, and finally, a proposal for budgeting and costing.

Part I – Complete (a) or (b)

(a) Medi-Plus a medical supplies & service company, has produced the following Trial Balance on the 31st December 2018:

Dr. Cr.
000BD 000BD
Trade Creditors 1712
Salaries & Wages 635
Debtors 1200
Direct Labour 920
Motor Vehicles-Fixed Assets 190
Insurance 120
Long Term Bank Loan 3100
Direct Materials 890
Equipment- Fixed Assets 1350
Stock 1500
Other Expenses 120
Sales 4330
Cash at Bank 15
Interest Paid 270
Tax Paid 40
Land & Buildings-Fixed Assets 2400
Production overhead 755
Motor Expenses 130
Rent 80
Light & Heat 61
Dividend Paid 66
Share Capital 1600
10,742 10,742

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Required:

  • Draw up a Profit & Loss Account for Medical Solutions plc for the year ended 31st December 2018 and a Balance Sheet at that date.

Depreciation is to be provided as follows only using the current value listed

Land & Buildings 2%
Equipment 5%
Motor Vehicles 3%

The depreciable amount for the above items is considered to be the full amount.

  • Ratios and figures obtained from last year’s accounts (31st December 2017) are as follows:
    1. Current Ratio of 1.9
    2. Acid Test Ratio of 1.2
    3. Gross Profit Margin 43%
    4. Net Profit Margin 15%
    5. Return on Capital Employed 15%
  • Calculate the above ratios for 2018. Using ratios and any other information available to you, from 2017 and 2018 accounts, analyze what is happening at Medical Solutions plc. Explain in an evaluative way what other information, not provided, would have helped you with your analysis?
  • The Chief Executive of Medi-Plus has asked you for advice on the company’s situation. What advice would you give him/her? The response should include the positives and negatives associated with your proposed actions and be supported by reference to the literature.

OR
(b) Vita Health WLL, a healthcare company run by the Hassan family, has recently been experiencing liquidity problems. The company has an overdraft of 50,000BD on the 31st of May 2019 and the bank has been pressing for a reduction in this overdraft over the next six months. The Hassan family is unwilling to raise finance through long-term borrowing.
The following projections for the six months ended 30th November 2019 will be as follows:
Sales and purchases

Sales Purchases
000BD 000BD
June 150 120
July 180 140
August 200 110
September 180 120
October 210 220
November 250 230
  1. 70 percent of sales are on credit and 30 percent are cash sales. Credit sales are received in the following month. Credit sales in May were 140,000BD. All purchases are bought on one month’s credit. On the 31st May 2019, the company has Creditors of 150,000BD.
  2. Wages are 20,000BD for each of the first 2 months. However, this will increase by twenty percent from the beginning of August 2019. All wages are paid in the month they are owed.
  3. Administration expenses are expected to be 6,000BD in each of the first 3 months and 8,000BD in the following months. These figures include a monthly charge of 1,000BD in respect of depreciation of fixed assets. Administration expenses are paid in the month they are incurred.
  4. Selling expenses are expected to be 3,000BD per month except for August 2019 when an advertising campaign costing 6,000BD will also have to be paid for. The advertising campaign will start at the beginning of September 2019. Selling expenses are paid for in the month they are incurred.
  5. An outstanding dividend of 50,000BD will be paid out by the company in June 2019.
  6. The company intends to purchase, and pay for, new fixtures and fittings in the last week of August 2019 for 57,000BD. These will be delivered in September 2019.
  7. Stock as at the 31st May 2019 is 250,000BD.

Required:

  • Prepare a cash flow projection for Vita Health WLL. for each of the six months to 30th November 2019.
  • Critically explain ways in which the company might reduce the bank overdraft, over the next 6 months, as required by the bank. Explain in an evaluative way any advantages or disadvantages of pursuing these courses of action. Support with reference to the literature.

An outstanding dividend of 50,000BD will be paid out by the company in June 2019.

  • Critically explain the benefits associated with cash flow forecasting. Explain in an evaluative way why businesses can experience cash flow problems and what happens if a business runs out of cash. Support with reference to the literature.

Part II – Business Case (Budget Impact Analysis)

Critically evaluate a service area in your organization and identify an area for improvement. Once you have identified the area for improvement work through the Budget Impact Analysis steps for that improvement. Draft a costed Business Plan (Budget Impact Analysis) for submission to your Board providing suggested solutions to the issues outlined. Provide supporting backup for your proposal with relevant data and assumptions including the consideration of associated risks/benefits (both tangible and intangible). The Business Plan must be clearly tied to your organization’s corporate strategy.

1. Introduction that includes background information, context and 500 words
the case for change
2. Clearly state the project scope and objectives 250 words
3. Evaluate the risks and constraints associated with the change 250 words
4. Provide a critical financial/budget impact analysis 250 words
5. Evaluate the impact analysis on the service area 500 words
6. Critically reflect on how the change will meet your organization’s 250 words

Part III – Budgeting

Budgeting & Costing: How they are used to inform decision making
Prepare a paper for the executive board of your organization on budgeting and its importance in setting good financial policy. Review your organization’s approach to the budgeting process and financial control and critically evaluate the organization’s approach to budgeting. In your answer you will need to:

  • Describe your organizations current approach to the process of budget (e.g. bottom-up) with reference to the literature
  • Critically analyze the budgets used (e.g. zero-based, flexible)
  • Evaluate the method of budgetary control used (e.g. variance analysis, frequency of analysis)
  • Outline at least two areas for improvement and justify these changes to your executive board with reference to the literature.
Introduction – introduce your organization and the contents of the 200 words
paper. Provide a critical evaluation of the importance of budgeting
Critically evaluate your organization’s approach to budgeting 200 words
Critically analyze the budgets used 200 words
Critically evaluate the method of budgetary control used 200 words
Outline two areas for improvement and justify these changes to your 400 words
executive board with reference to the literature.

Section 3: Online Presentation

Provide one presentation (maximum 10 minutes) presenting your costed Business Plan (Budget Impact Analysis) (5 mins) and the budgeting areas for improvement (5 mins) to the Board of your organization [assesses learning outcomes 3, 5, and 6]. Please see the VLE for the PowerPoint template and instructions for using Loom to record and share the presentation.

 
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