BCAF004 Management Accounting & Finance Individual Assignment 1 2025/26 | TP

BCAF004 Individual Assignment 1

This Individual Assignment 1 comprises 30 percent of your total assessments for Management Accounting & Finance (MAF).

1. Due Date: 30 Nov 2025 (Sun) 11.59pm

Submissions after due date or reports with plagiarism found will NOT be graded.  Disciplinary action will be taken against students who commit plagiarism.

2. Report Submission Format

• One Softcopy Report (Word Document) – to be uploaded in POLITEMall.
• Name your softcopy report with this file name format: Your Name_IA1. For example, Kok Wai Ling_IA1.
• Instructions on how to submit your report in Brightspace POLITEMall can be found in the “Individual Assignment 1” folder in Brightspace POLITEMall.
• Use Appendix 1 as the cover page for the assignment report.
• Report should be typewritten using font size 12.
• Answer all questions and start your answer to each question on a new page.

3. Plagiarism

• Plagiarism is a SERIOUS OFFENCE and will result in disciplinary consequence.
• You must NOT use any generative artificial intelligence (GenAI) to generate any materials or content in relation to your assessment.
• You need to submit Appendix 2 on Declaration of Work with your report.

4. This individual assignment question paper consists of 11 pages, including appendices.

TEMASEK POLYTECHNIC SCHOOL OF BUSINESS

DECLARATION OF WORK

SUBJECT NAME: MANAGEMENT ACCOUNTING & FINANCE

SUBJECT CODE: BCAF004

ACADEMIC YEAR: AY2025/2026 OCTOBER SEMESTER

Topic 1: Introduction To Accounting & Finance

Question 1 (5 Marks)

This question examines the role of management accounting in the business operations of the organisation where you are currently employed or have previously worked, hereafter referred to as “your organisation”.

The term “business operations” refer to the primary activities or core functions of your organisation, such as the sale of apparel or electronic products, furniture manufacturing or the provision of logistics and transportation services.

Required:

• Provide a concise description of your organisation’s core business operations.
• Identify and explain three specific examples where management accounting information is applied in your job role or your management’s job role. For each example, describe how the information is used to support decision-making, planning, or control within the organisation.      
• The marking rubrics for this question are stated on the next page.

Marking Rubrics 

Question 2 (11 Marks)

James has just graduated from university with a Bachelor of Business Administration. His degree programme provided him with a solid foundation in business management, marketing, accounting and finance, equipping him with essential knowledge and skills in these areas. Recognising the strong demand and profitability of Singapore’s tuition industry, James is eager to set up his own tuition centre. However, as he has limited savings and no prior experience in running a business, he is keen to bring in a business partner to share both the capital and the responsibilities.

Through a mutual friend, James is introduced to Austin, his former senior in university. Austin graduated one year earlier and has since started his own F&B café business. Although the café is relatively new, it has been performing well under Austin’s management. Inspired by Austin’s success in managing his café, James extended an invitation for him to join the tuition centre venture as a business partner.

After several discussions, James and Austin have mutually agreed that James will lead the tuition centre’s operations, while Austin continues to focus on his café. They have also decided to open their tuition centre at the newly developed shopping mall near Austin’s café. Austin expressed confidence in the location of the tuition centre, citing the steady patronage of his café by professionals and workers from nearby industrial buildings as indicator of strong foot traffic and demand.

Before proceeding further, James and Austin need to decide whether to register their tuition centre as a company or as a general partnership.

Required:

James and Austin approached you to be their business consultant. As their consultant, analyse and evaluate the key considerations they should consider in deciding whether to structure their tuition centre as a company or a general partnership.

In your answer, you should:

Compare and contrast the implications of setting up the business as a company versus a general partnership (e.g. legal liability of owner).
Recommend whether James and Austin should establish the tuition centre as a company or a general partnership and justify your recommendation with reference to the circumstances outlined in the case.
The marking rubrics for this question are stated on the next page.

(11 marks)

Marking Rubrics

Question 3 (10 Marks)

Research and identify one real-life example of a rights issue of shares announced and executed from 1 January 2021 to 30 June 2025.

Notes:

• DO NOT choose rights issues by Singapore Airlines Limited in year 2021 due to its complexity.
• DO NOT choose rights issues by real estate investment trusts (REIT) such as Ascendas REIT or other business trusts such as Asian Pay Television Trust.

Answer the following questions regarding the rights issue:

Required:

(a) Attach as Appendix A your research findings showing the relevant portion to support your answers in your submission.

(1 mark)

(b) With regards to the rights issue, state the following:

(i) Name of the company offering the rights issue

(ii) Year of the rights issue

(iii) Rights entitlement

(iv) Rights issue price

(3 marks)

How much funds did the company plan to raise from the rights issue? (1 mark)

Assume that you hold 25,000 shares in the company before the rights issue. You intend to purchase all your entitled new shares under this rights exercise, but you currently have only S$2,A00 (Refer to Note below) in available funds.
Note:

Amount of available funds is S$2,A00. (A is the 7th digit of your Student ID).

E.g. if your Student ID is 2012345B, the amount of available funds that you have is S$2,500.

Determine the total number of shares that you own after the rights issue. Explain your answer and support with appropriate calculations.

(Round off the number of new shares to the nearest whole number, where applicable.)

(5 marks)

Topic 2: Financial Statements

Question 4 (24 Marks)

Your tutor would have informed you the name of the listed company allocated to you for this assignment. Please approach your tutor if you were not notified yet.

Access your allocated listed company’s Annual Report for the year 2024 from the online website of Singapore Exchange (http://www.sgx.com) and answer the questions below.

Please refer to page 11 for instructions to access an Annual Report from Singapore Exchange website.

Notes:

For figures required, please use the data in the “Group” column for the current year (i.e. 2024) only.
When stating the currency amount, please indicate the currency and symbol (e.g. US$ or S$). The amount should be also stated in full (e.g. US$1,000,000 should not be stated as US$1,000).

Required:

(a) Attach as Appendix B the relevant pages of the Annual Report to support your answers in your submission. (1 mark)

(b) State the following:

(i) Name of the company

(ii) Financial year end of the Annual Report (e.g. 31 January 2024)

(iii) Sales (or Turnover or Revenue)

(iv) Gross Profit (Loss) – to indicate profit or loss

(v) (Loss) Profit before tax – to indicate profit or loss

(ii) (Loss) Profit after tax – to indicate profit or loss (4 marks)

(c) Explain how the group’s operating expenses are classified. (2 marks)

(d) Fill in the numbers for the group’s Accounting Equation.

For example: Assets = Owner’s Equities + Liabilities

S$188,365,000 = S$21,450,000 + S$166,915,000 (2 marks)

(e) Identify and briefly explain two non-current liabilities of the group. This information can also be retrieved under “Notes to the Financial Statements” in the annual report. (3 marks)

Please turn to the next page for Q4(f) to Q4(h).

(f) In the topic “Financial Statements”, we learnt about the Profit or Loss Statement and Balance Sheet of a Sole Proprietorship. Referring to the listed company assigned to you for this question, identify and briefly explain one difference in the Profit or Loss Statement and one difference in the Balance Sheet between the listed company and a Sole Proprietorship.  (4 marks)

Q4(g) and Q4(h) are not related to Q4(a) to Q4(f).

(g) Describe a transaction that occurred in your business organisation (stated for Question 1) which affected the following accounts:

(i) 1 liability account and 2 asset accounts

(ii) 1 asset account and 1 expense account

(3 marks)

(h) Collect two different source documents dated 1 September 2025 or later from two different business organisations, e.g. supermarket receipt, fast food receipt, telco bill, etc. 

(i) Insert a scanned copy or image of each source document into your report.

(ii) From the perspective of the business organisation that issued the documents, identify the accounts involved in each transaction (e.g. debtors, creditors, sales, etc) and state whether the balance of each of account increases or decreases as a result of the transaction.

(5 marks)