Category | Assignment | Subject | Marketing |
---|---|---|---|
University | Canterbury Christ Church University | Module Title | AFM0ICD Introduction to Communication and Digital Skills |
Word Count | 3000 words |
---|---|
Assessment Type | Report |
Assessment Title | Assignment 1 |
Scenario
You are a junior accountant at Expert Accountants. Mr. Confused, a local sole trader running a small retail shop, approached Expert Accountants for assistance in managing his finances more effectively. He has never formally created a budget for his business and feels overwhelmed by rising costs and inconsistent cash flow. He wants to understand what budgeting is and why it’s important, how to prepare a basic business budget, how to track and manage expenses, and how to use tools like Excel to create and maintain his budget.
You have been assigned to advise Mr. Confused on behalf of Expert Accountants.
After your primary advice, Mr Confused met with you. In that meeting, taking the information, you helped him to prepare a six-month budget beginning in January. The estimates made are as follows.
Sales revenue for January is estimated to be £10,000, with a monthly increase of £1,000. The estimated service charge for January is £500, which is expected to increase by 5% every month. The other income is £300 each month. The cost of sales is estimated to be 70% of sales revenue. Rent is projected to be £500, and salary & wages of £1500 each month. Utilities in January, February, March, April, May, and June are £150, £160, £140, £170, £160, and £165, respectively. The marketing cost for January is supposed to be £200, with a 3% increase each month. Miscellaneous costs total £70 each month for the next 6 months.
This assignment aims to give an insight into managerial communication within the Accounting and Finance practices.
This assignment will require you to complete an E-portfolio comprising four sections (A, B, C, and D) using Microsoft Excel, PowerPoint and Word to demonstrate your learning and apply skills gained from the module, to complete the following tasks:
In your role as a Junior Accountant in an accounting firm, write an advisory report to Mr. Confused regarding budgeting. You have to explain to Mr Confused what a budget is and why it is important to a business. You also explain to Mr Confused the essential budget elements, as well as how to monitor and control the budget. You must use the information provided in the scenario, the module taught information on Moodle, and Microsoft Word to carry out this task.
In your role as a Junior Accountant in an accounting firm, prepare a budget based on the data provided in the scenario for Mr. Confused’s business. That should include an income sheet, an expenses sheet, and a summary sheet, along with a graph and chart (i.e. graph on income, expenses and profit, and a chart on expense allocation). You must use the information provided in the scenario, the module taught information on Moodle, and Microsoft Excel to carry out this task. The graph and chart should include a brief interpretation.
In your role as a Junior Accountant in an accounting firm, prepare a presentation for Mr. Confused. That should include a title slide, introduction, importance of budget, how to prepare a budget, an Excel template demo, recommendations, and questions and answers. You must use the information provided in the scenario, the module taught information on Moodle, Microsoft PowerPoint and Microsoft Word to carry out this task. You are required to prepare 6 to 8 slides, and each slide should include speaker notes.
As a student of Accounting & Financial Management, write a reflective statement on your learning in this scenario. Answer the question, firstly, how has this module assessment scenario contributed to your understanding of budgeting principles in a real-world business context? Secondly, what practical skills did you develop in Microsoft Office (Word, Excel, PowerPoint) through this module, and how will they benefit you professionally? And finally, how did this assessment improve your ability to communicate financial concepts to clients without an accounting background?
Please note: For your final assignment submission, you MUST use and submit your E-Portfolio using ‘Report Templates’ available in Microsoft Word.
Follow these instructions carefully:
Please note that.
There is an E-Portfolio template provided on Moodle to show you the required layout of your work.
This section of the E-Portfolio requires you, in your role as a Junior Accountant at an accounting firm, to write a budgeting advice report for the client Mr Confused on behalf of Expert Accountants, detailing the importance of budgets and providing a step-by-step guide for budget preparation. You will need to utilise the module information taught on Moodle, information provided in your chosen case study, and Microsoft Word to complete this task:
This section of the E-Portfolio requires you, in your role as a Junior Accountant at an accounting firm, to prepare a budget for the client Mr Confused on behalf of Expert Accountants, based on the forecast agreed upon with the client (data in the scenario). You will need to utilise the information presented in the module on Moodle, the details provided in the scenario, and Microsoft Excel spreadsheets to complete this task:
A specimen of the table is given below.
*** The assumption of the above example that sales and other income forecasts will remain the same, as and service sector is expected to increase by 3% over the period.
A specimen of the table is given below.
*** The assumption of the above example that rent, wages, and miscellaneous expenses forecasts will remain the same for the whole period, the cost of sales is 60% of sales, utilities are expected to increase by 5% and marketing expenses are expected to increase by 3% over the period.
A specimen of the table is given below.
A specimen of the table is given below.
A specimen of the table is given below.
Do You Need AFM0ICD Assignment for This Question
Order Non-Plagiarised AssignmentThis section of the E-Portfolio requires you, in your role as a Junior Accountant at an accounting firm. As part of advising client Mr.Confused on behalf of Expert Accountants, you are preparing a meeting presentation on budgeting that includes client information, important and step-by-step procedures of budgeting. You will need to utilise the information presented in the module on Moodle, the details provided in the scenario, and Microsoft PowerPoint to complete this task:
This section of the E-Portfolio requires you, in your role as a Junior Accountant at an accounting firm. As part of advising client Mr.Confused on behalf of Expert Accountants, what you have learned by doing this task, why communication and use of digital tools for communication are important for accountants, and how it will help you in your future career. You will need to utilise the information presented in the module on Moodle, the details provided in the scenario, and Microsoft Word to complete this task:
You MUST put all the sources that you have used for Sections A, B, C and D here.
You MUST use the sources provided on the recommended reading list and the Readings and Resources folder ONLY.
There MUST be at least 10 references (These sources are provided on the recommended reading and additional resources list).
Referencing Style: CCCU Harvard Referencing Style.
Bovee, C. L. and Thill, J. V. (2021). Business Communication Today. 15th edn. Upper Saddle River, NJ: Prentice Hall.
Rings, G. and Rasinger, S. M. (2022). Cambridge Introduction to Intercultural Communication. Cambridge: Cambridge University Press
Lawson, C., Gill, R., Feekery, A., Witsel, M., Lewis, M., and Cenere, P. (2019). Communication Skills for Business Professionals. 2nd edn. Cambridge: Cambridge University Press.
Bluttman, K. (2022). Excel formulas & functions. Hoboken, NJ: John Wiley & Sons.
Weetman, P. (2019). Financial Accounting: An Introduction. 8th edn. Harlow: Pearson Education Ltd.
McLaney, E. and Attrill, P. (2023). Accounting and Finance. An Introduction. 10th edn. Harlow: Pearson Education Ltd.
McFedries, P. (2022). Excel Data Analysis for Dummies. Newark: John Wiley & Sons, Incorporated.
Ulrich, L. (2020). How to Do Everything with Microsoft Office. London: McGraw-Hill.
Hire Experts to solve this assignment before your Deadline
Buy Today, Contact UsLooking for expert guidance in AFM0ICD Introduction to Communication and Digital Skills? Worry, no need! We are here to help you with assignments. Whether you need marketing assignment help or well-structured solutions, we will provide everything. You will get free assignment examples that will make your study material stronger. our expert team are providing all assignment services, you will get accurate, clear, and original content. Now stop worrying about marks and complete your assignments hassle-free with expert support. So what's the delay? Get connected with us now and make your academic journey easy!
Let's Book Your Work with Our Expert and Get High-Quality Content