Question:
Tasks, descriptions and assessment weightings
1 Preparation of the firm’s inventory budget 10%
2 Preparation of the firm’s cash budget 20%
3 Preparation of the firm’s accounts receivable budget 10%
4 Preparation of the firm’s accounts payable budget 10%
5 Analysis of the firm’s budgets
? Highlight any areas of concern in the budgets and give advice to your client. 10%
6 Calculation of the firm’s break-even point 30%
7 Production planning advice
? Advise whether the client can comfortably achieve the break-even level of sales based on the firm's recent
performance and its budgeted level of sales.10%
Grading criteria for tasks 1 to 4, and 6
As these are calculation and accounting exercise, marks will be deducted for errors made, in proportion to the Clarity and completeness All elements are complete and detailed, structured clearly with no missing links.The most important
elements are complete but not clear, or all are complete but some are unclear. Many of the most important elements are complete but not clear, or all are complete but some are unclear. Some important elements are missing. Many of the most important elements are included, but are incomplete or unclear. Few if any of the most important elements are included.
Great detail and justification for choices, excellent choice of examples Sufficient detail and/or examples. Some detail and/or examples. Some superficial detail, with few or no examples.
