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BP254 Business Of Accountancy

tag 0 Download 12 Pages / 2,765 Words tag 04-02-2021

Question

Assessment Overview

This assessment item requires you to evaluate and reflect on your experience of, performance as, and lessons learnt while being a strategic decision-maker across the eight Practice Rounds and through the Comp XM Activity.

If you did the Practice Rounds in a group, then the major aspects of that experience should be part of your Report, as well.

We strongly recommend that you read the Report requirements here and diligently follow them.

Points will be lost if you fail to follow these requirements.

Your Report will be marked on both how well it addresses the issues set for discussion below and on its presentation quality.

Failure to include compulsory content or meet presentation format criteria, as outlined in this document, will be penalized.

Report Requirements

Section 1: Evaluation of and Reflection on Personal Strategic Business Decision-making 

In this section of your Report it is important that you outline, discuss, and explain the successes and failures of your strategic planning and operational decision-making, and also the areas where you improved and where you did not.

This could include, among other matters, discussing:

  1. which aspects / areas of strategic business planning and decision-making you did consistently well in and which did you not; of those aspects / areas where you did poorly, which did you manage to improve and which did not; which declined and For example: an area to discuss might be forecasting or funding activities or meeting customers requirements for sensor design.
  2. which Balanced ScoreCard metrics in the Practice Rounds and in the Comp XM Activity did you score consistently well in and which not; of those metrics where you did poorly, which did you manage to improve or not; which declined, and why.
  3. which major Capstone Courier and Comp XM Enquirer results did you score consistently well in and which not; of those results where you did poorly, which did you manage to improve in or not; which declined, and why.

A part from ensuring that your Report addresses the above points, if there are any other factors that you believe are important and appropriate in justifying and explaining the decisions that you made in the Practice Rounds and the Comp XM Activity, then you should include these factors as well; though bear in mind the strict word limits.

The Evaluation section should NOT be a chronological description of decisions taken and results obtained. It needs to be a critical evaluation of and evidence-based justification for your strategic decision-making in light of the marketplace and the trends that took place, the competition that faced, the customers and stake-holders   dealt with, and the products  o?ered for sale.

Section 2: Reflection on Lessons Learnt about Business Decision-Making 

In this section, you need to discuss the major lessons you learnt about strategic business planning and decision-making in the Practice Rounds that you then applied in the Comp XM Activity.

Items that you might discuss here could include:

your business decision-making strengths and weaknesses that you became aware of in the Practice Rounds and then managed to improve on, or not, during the Comp XM Activity;  the personal organisational and task management skills that you developed, enhanced, improved and, also, those areas of personal organisational and task management that you performed poorly in.

Apart from ensuring that your Report addresses the above points, if there are any other factors that you believe are important and appropriate in explaining and outlining the lessons that you learnt concerning business decision-making, then you should include these factors as well; though bear in mind the strict word limits.

The Lessons Learnt section should not be a chronological description of decisions taken and results obtained during the Comp XM Activity. It needs to be a critical evaluation of and evidence-based explanation for the improvement, or not, in your business decision-making in the Comp XM Activity, compared to your performance in the Practice Rounds.

Note well

This assessment is expected to be your own work, done solo.

While it is likely that students who were in the same Capstone company, during the Practice Rounds will have similar Evaluation sections, they should not be identical as this section is to be based on your personal evaluation of and reflection on your experience.

As the Comp XM Activity is done solo, there should be very little similarity between students, even those who were in the same Capstone company, during the Practice Rounds.

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Total 12 pages

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2021). Business Of Accountancy. Retrieved from https://myassignmenthelp.com/free-samples/bp254-business-of-accountancy/accounting-simulation.html.

My Assignment Help (2021) Business Of Accountancy [Online]. Available from: https://myassignmenthelp.com/free-samples/bp254-business-of-accountancy/accounting-simulation.html
[Accessed 09 December 2022].

My Assignment Help. 'Business Of Accountancy' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/bp254-business-of-accountancy/accounting-simulation.html> accessed 09 December 2022.

My Assignment Help. Business Of Accountancy [Internet]. My Assignment Help. 2021 [cited 09 December 2022]. Available from: https://myassignmenthelp.com/free-samples/bp254-business-of-accountancy/accounting-simulation.html.


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