APPENDIX GA36b

LEVEL 5 ASSESSMENT SPECIFICATION

Programme: BA Business Management

Module: Management Accounting

LCBB5002
Contribution to
Module code: 70%
Overall Module
Assessment (%):
Lecturer: Winifred Soribe Internal Verifier: Widin Sha'ven

Assignment Title: Assignment 2 Report Word count (or 2500

equivalent):

Submission To be announced by the Return date of After the Exam

deadline: Assessment team- provisional marks Board
Please refer to the assessments & written feedback:
schedule published on
Students’ Hall in Moodle
All written assessments, where practical and possible, must be submitted via
Submission
Turnitin unless otherwise instructed by the Lecturer. (Please DO NOT put this
method:
assessment specification into Turnitin or it will match many similarities with
other students’ submissions.)
Alternative submission method (if applicable):
Late submission of the assessment will result in a late penalty mark.
Penalties for late submission: Up to one week late, maximum mark of 40%.
Over one week late, 0%. Only the Extenuating Circumstances Panel may
approve a change to submission dates.

Academic Academic honesty is required. In the main body of your submission you must
honesty / give credit to authors on whose research and ideas your work is based. Append
referencing: to your submission a reference list that indicates the books, articles, etc. that
you have used, cited or quoted in order to complete this assessment.

Page 1 of 10
 Module Learning Outcomes
(from module syllabus)
• Prepare control reports which show original, flexed and actual budgets
• Calculate key variances.
• Evaluate decisions using relevant costing
• Demonstrate decision making abilities under risk.

TASK DESCRIPTION
Amana Ltd is a family-owned tourist business located in England which sells souvenirs to tourists. They have several
locations in tourist hotspots across England namely Brighton, London bridge, Westminster bridge, Buckingham Palace,
Birmingham city centre and Manchester city centre. Souvenirs are produced by a Chinese manufacturer specifically
according to designs made by the Amana team.
They have been operating a successful business for 40 years and have come to understand the dynamic nature of the
tourism industry. Recently, the Covid-19 pandemic broke out in England leading the government to impose restrictions
on movement and travel which severely impacted the tourism industry. Amana’s revenue took a big hit in April 2020 as
tourists could not travel for the Easter holidays, sales picked up slightly in the summer of 2020; however, the prolonged
lock down between December 2020 and February 2021 depleted any additional revenue that had been made in the
summer.
In the past, Amana ltd has only traded within physical stores with a functioning website serving as a channel for
marketing their business. Mr Amana, the owner of the business has hired you as a manager and provided a cost break
down of their products.

Original budget (£) Actual (£)

Units 100,000 80,000
Selling price 25 20
Variable costs:
Materials 2.50 280,000
Labour 4 440,000
Overhead 1.50 120,000
Contribution 17 760,000
Fixed overheads:
Warehouse rental 200,000 170,000
Insurance 100,000 100,000
Fulltime warehouse supervisor salary 50,000 35,000
*Figures are based on average estimates incurred in producing a mix of souvenirs.
Required:
(i) Prepare the monthly control report showing original budget, flexed budget, and variances. (25 marks)
(ii) Using your control report prepared in (i) above, prepare a report on Amana’s performance during the year
2020. (20 marks)
(iii) Provide recommendations to Amana’s CEO on areas of improvement. (15 marks)
(1500 words, TOTAL = 60 marks)
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PART B
Mr Amana has noticed that a lot of his competitors now sell online to customers in the UK, Europe and US. He has been
considering closing the Brighton, Birmingham city centre and Manchester city centre branches in order to streamline
the business activities and move 50% of their sales online. Several factors have to be taken into consideration when
making this decision.
i) Cost of setting up delivery network – £150,000
ii) Cost of upgrading current website to handle large volume of sales - £50,000
iii) Salary of a fulltime IT programmer - £35,000 per annum
iv) Based on market research, there would be guaranteed sales of 100,000 units annually

The business also has the alternative of selling their products directly on Amazon and would have to take the following
factors into consideration when making this decision.
i) Amazon fulfilment fees - £50,000
ii) High levels of competition between Amana souvenirs and other sellers on these platforms – Guaranteed sales of
65,000 units on Amazon annually with the potential to increase depending on demand.
iii) Lack of control over pricing and return policy.

Required:
In your report, provide an analysis of Mr Amana’s decision to go online and advise if they should set up their own online
shop or sell on Amazon. You should take into consideration all the relevant costs. (1000 words, TOTAL = 40 marks)

ALL QUESTIONS SHOULD BE ATTEMPTED

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 GUIDANCE FOR STUDENTS IN THE COMPLETION OF
TASKS
NOTE: The guidance offered below is linked to the five generic assessment criteria overleaf.

1. Engagement with Literature Skills

Your work must be informed and supported by scholarly material that is relevant to and focused on the task(s)
set. You should provide evidence that you have accessed an appropriate range of sources, which may be
academic, governmental and industrial; these sources may include academic journal articles, textbooks,
current news articles, organisational documents, and websites. You should consider the credibility of your
sources; academic journals are normally highly credible sources while websites require careful
consideration/selection and should be used sparingly. Any sources you use should be current and up-to-
date, mostly published within the last five years or so, though seminal/important works in the field may be
older. You must provide evidence of your research/own reading throughout your work, using a suitable
referencing system, including in-text citations in the main body of your work and a reference list at the end of
your work.

Guidance specific to this assessment: Specific to this assignment: At least 12 references need to be cited

2. Knowledge and Understanding Skills

At level 5, you should be able to demonstrate: sound knowledge and critical understanding of the well-
established concepts and principles of the subject area and the way in which those principles have
developed; knowledge of the main methods of enquiry in the discipline. Knowledge relates to the facts,
information and skills you have acquired through your learning. You demonstrate your understanding by
interpreting the meaning of the facts and information (knowledge). This means that you need to select and
include in your work the concepts, techniques, models, theories, etc. appropriate to the task(s) set. You
should be able to explain the theories, concepts, etc. meaningfully to show your understanding. Your
mark/grade will also depend upon the extent to which you demonstrate your knowledge and understanding.

Guidance specific to this assessment: A thorough and detailed understanding budgeting and variance in
assessing performance and decision making

3. Calculation
Your work must contain clear calculations using professional layout and headings where relevant. Directions
for variances should be clearly indicated as either favourable or unfavourable.
Guidance specific to this assessment: A control report should be prepared clearly showing the
original budget, flexed budget, actual budget and variances

4. Practical Skills
At level 5, you should be able to use/deploy a range of established techniques within the discipline, and apply
underlying concepts and principles outside the context in which they were first studied, including, where
appropriate, the application of those principles in an employment context. You should be able to demonstrate
how the subject-related concepts and ideas relate to real world situations and/or a particular context. How
do they work in practice? You will deploy models, methods, techniques, and/or theories, in that context, to
assess current situations, perhaps to formulate plans or solutions to solve problems, or to create artefacts,
some of which may be creative. This is likely to involve, for instance, the use of real world artefacts, examples
and cases, the application of a model within an organisation and/or benchmarking one theory or organisation
against others based on stated criteria. You should show awareness of the limitations of concepts and
theories when applied in particular contexts.

Guidance specific to this assessment: The practical application of budgeting, variances and relevant
costing in assessing business performance and decision making especially with reference to the
current global pandemic.
Page 4 of 10
5. Transferable Skills for Life and Professional Practice
Your work must provide evidence of the qualities and transferable skills necessary for employment requiring
the exercise of personal responsibility and decision-making. This includes demonstrating: professional
development to advance existing skills and acquire new competences that will enable you to assume
significant responsibility within organisations; that you can initiate and complete tasks and procedures,
whether individually and/or collaboratively; that you can use appropriate media to effectively communicate
information, arguments and analysis in a variety of forms to specialist and non-specialist audiences; fluency
of expression; clarity and effectiveness in presentation and organisation. Work should be coherent and well-
structured in presentation and organisation.

Guidance specific to this assessment: A report is required, 2,500 words, with appropriate referencing and
headings.

Page 5 of 10
 STUDENT FEEDBACK FORM
This section details the extent to which the assessment criteria are demonstrated by you, which in turn determines your
mark. The marks available for each category of skill are shown. Lecturers will use the space provided to comment on
the achievement of the task(s), including those areas in which you have performed well and areas that would benefit
from development/improvement.

awarded
available

Marks
Marks
Generic Assessment Criteria

1. Engagement with Literature Skills

. 15
Extent of research and/or own reading, selection of credible sources, application of appropriate
referencing conventions

2. Knowledge and Understanding Skills

20
Extent of knowledge and understanding of concepts and underlying principles associated with
the discipline.

3. Calculations
25
Clarity and accuracy of calculations. Use of professional and well-structured layout.

4. Practical Application Skills

25
Deployment of methods, materials, tools and techniques; application of concepts; formulation of
innovative and creative solutions to solve problems.

5. Transferable Skills for Life and Professional Practice

15
Attributes in professional practice: individual and collaborative working; deployment of
appropriate media; presentation and organisation.

Late Submission Penalties (tick if

Assessment Mark (Assessment marks are subject to ratification at the appropriate)
Exam Board. These comments and marks are to give feedback on module work Up to 1 week late (40% Max) %
and are for guidance only until they are confirmed. ) Over 1 week late (0%)

Page 6 of 10
GENERIC ASSESSMENT CRITERIA

Level 5
In accordance with the Framework for Higher Education Qualifications, at the end of Level 5 students will be expected to have developed sound knowledge
and critical understanding of the well-established concepts and principles in their field of study, and of the way in which those principles have developed.
They will have learned to apply those concepts and principles more widely outside the context in which they were first studied, including, where appropriate,
the application of those principles in an employment context. They will have knowledge of the main methods of enquiry in the subject area, and ability to
evaluate critically different approaches to problem solving. They will possess an understanding of the limits of their knowledge, and how this influences their
analyses and interpretations. They will be able to use a range of established techniques to initiate and undertake critical analysis of information, and to
propose solutions to problems arising from that analysis. They will be able to effectively communicate information, arguments and analysis in a variety of
forms to specialist and non-specialist audiences, and deploy key techniques of the discipline effectively. They will be able to undertake further training,
develop existing skills and acquire new competences that will enable them to assume significant responsibility within organisations. They will have the
qualities and transferable skills necessary for employment requiring the exercise of personal responsibility and decision-making.

Level 5 SATISFACTORY GOOD VERY GOOD EXCELLENT EXCEPTIONAL

FAIL MARGINAL FAIL
(3rd / Pass) (2.2 / Pass) (2.1 / Merit) (1st / Distinction) (1st / Distinction)
Category 0-29% 30-39% 40-49% 50-59% 60-69% 70-84% 85-100%
Engagement Little or no Poor Engagement Engagement Engagement Engagement Exceptional
with literature evidence of engagement with a limited with an with a wide with an engagement
(including reading and/or with essential range of mostly appropriate range of extensive range with an
reading, reliance on reading. No relevant and range of literature, of relevant and extensive range
referencing, inappropriate evidence of credible sources. literature, including credible of relevant and
academic sources. wider reading. Some omissions including sources literature. credible
conventions and Views and Reliance on and minor sources retrieved Consistently literature. High-
academic findings mostly inappropriate errors. retrieved independently. accurate level referencing
honesty) unsupported and sources, and/or Referencing independently. Selection of application of skills
non- indiscriminate conventions Some over- relevant and referencing. consistently
authoritative. use of sources. evident though reliance on texts. credible sources. applied.
Referencing Heavily reliant not always Referencing may Very good use of
conventions on information applied show minor referencing, with
used gained through accurately or inaccuracies or no/very few
incoherently or class contact. consistently. inconsistencies. inaccuracies or
largely absent. Inconsistent and inconsistencies.
weak use of
referencing.
Knowledge Major gaps in Fragmentary Limited but Knowledge is Knowledge is Excellent, Exceptionally
and knowledge with knowledge, with adequate reasonably reasonably detailed detailed
understanding unsatisfactory, only superficial knowledge and detailed and extensive. knowledge and knowledge and
(Sound uncritical critical critical accurate. A good Exhibits very highly critical outstanding
knowledge and understanding of understanding. understanding of critical competent understanding of critical
Level 5 SATISFACTORY GOOD VERY GOOD EXCELLENT EXCEPTIONAL
FAIL MARGINAL FAIL
(3rd / Pass) (2.2 / Pass) (2.1 / Merit) (1st / Distinction) (1st / Distinction)
Category 0-29% 30-39% 40-49% 50-59% 60-69% 70-84% 85-100%
critical the subject Some significant the well- understanding of critical the well- understanding of
understanding of matter. Much inaccuracies established the well- understanding of established the well-
the well- irrelevant and/or irrelevant concepts and established the well- concepts and established
established material. material. principles within concepts and established principles of the concepts and
concepts and
principles in their
Substantial Incomplete or the subject area, principles and concepts and subject and the principles of the
field of study; inaccuracies. partially flawed with a few gaps the main principles of the main methods of subject and the
knowledge of the Significantly understanding of in the selection methods of subject and the enquiry. main methods of
main methods of flawed the main of material. A enquiry, with main methods of enquiry. May go
enquiry in the understanding of methods of narrow critical minor gaps in enquiry. beyond
discipline.) the main enquiry in the understanding of the selection of Breadth and established
methods of discipline. the main material. depth of theories.
enquiry in the methods of knowledge.
discipline. enquiry.
3. Calculations Little or no attempt Weak attempt to Some attempt to A good attempt at A very good An excellent An exceptional
to present present present the calculations. attempt at the attempt at the attempt at the
Clarity and calculations. calculations. Correct calculations. calculations. calculations.
accuracy of calculations.
Incorrect Incorrect Correct calculations for the Correct Accurate Accurate
calculations. calculations for the calculations for the most part. Good calculations for the calculations calculations
Use of calculations for the
most part. Poor most part. Weak most part. layout and most part. Very throughout. throughout.
professional layout and Satisfactory layout structure. good layout and Excellent layout Exceptional layout
layout and
and well- structure
structure.
and structure. structure. and structure. and structure.
structured
layout.
Practical skills Limited or no Rudimentary An adequate A good and A very good An advanced Exceptional
(Apply underlying use of application of awareness and appropriate application of a application of a levels of
concepts and established established mostly application of range of range of application and
principles more methods, methods, appropriate established established established deployment
widely outside the materials, tools materials, tools application of methods, methods, methods, skills using
context in which and/or and/or established materials, tools materials, tools materials, tools established
they were first techniques. techniques but methods, and/or and/or and/or methods,
studied; use a
Little or no without materials, tools techniques. techniques. techniques. materials, tools
range of
established appreciation of consideration and/or Clear Very good The context of and/or
techniques; the context of and techniques. appreciation of consideration of the application is techniques.
propose solutions the application. competence. Basic the context of the context of well considered, Consistent,
to problems Limited Flawed appreciation of the application. the application, and insightful. accurate and
arising from understanding of appreciation of the context of Mainly with perceptive Consistent, logical
analysis.) the application of the context of the application. consistent, insights. accurate and application of
theory to the application. Theoretical accurate and Consistent, logical theory to
practice or Weak knowledge and logical accurate and application of practice, making
making understanding of understanding application of logical theory to highly developed
the application of applied in theory to application of practice, making links between
Level 5 SATISFACTORY GOOD VERY GOOD EXCELLENT EXCEPTIONAL
FAIL MARGINAL FAIL
(3rd / Pass) (2.2 / Pass) (2.1 / Merit) (1st / Distinction) (1st / Distinction)
Category 0-29% 30-39% 40-49% 50-59% 60-69% 70-84% 85-100%
appropriate links theory to practice, but not practice, making theory to well-developed the two. Can
between the two. practice, with always making appropriate links practice, making links between identify routine
Very weak only occasional logical links between the two. appropriate links the two. Can and non-routine
problem-solving evidence of between the two. Can identify between the two. identify problems problems and
skills outside the making Can identify problems and Can identify and propose propose quite
context in which appropriate links problems and propose mostly problems and excellent, sophisticated,
they were first between the two. propose basic appropriate propose creative creative
studied. Weak problem- solutions outside solutions outside appropriate solutions outside solutions outside
solving skills the context in the context in solutions outside the context in the context in
outside the which they were which they were the context in which they were which they were
context in which first studied. first studied. which they were first studied. first studied.
they were first first studied.
studied. Evidence of
some creativity.

Transferable Communication Communication Can Can Can Can Can

skills for life medium is medium is poorly communicate in communicate communicate communicate communicate
and inappropriate or designed and/or a suitable effectively in a well, confidently professionally with an
professional misapplied. not suitable for medium for the suitable medium and consistently confidently and exceptionally
practice Work is poorly the audience. audience but for the audience, in a suitable consistently in a high level of
(Effectively structured, Work is poorly with some room but may have medium for the suitable medium professionalism,
communicate in a disorganised presented in a for improvement. minor errors. audience. for the audience. highly suitable
variety of forms and/or disjointed Mostly ordered Mostly coherent, Work is Work is for the audience.
to specialist and confusingly manner. It is presentation and organised work, coherent, fluent, coherent, very Work is
non-specialist expressed. Very loosely, and at structure in in a suitable well-structured fluent and is exceptionally
audiences; the weak use of times which relevant structure and is and organised. presented coherent, very
qualities and language and/or incoherently, ideas / concepts for the most part Can work very proficiently. Can fluent and is
transferable skills very structured, with are reasonably clearly well work presented
necessary for
employment
inappropriate information and expressed. Work expressed. Can autonomously autonomously professionally.
requiring the style. Failure to ideas often may lack work effectively and/or as part of with initiative. Can work
exercise of work effectively poorly coherence in independently a team, with very Where relevant exceptionally
personal as part of a expressed. places. Can and/or as part of good can work well within a
responsibility and group. Little or Weak use of work as part of a a team, with contribution to professionally team, showing
decision-making.) no evidence of language and/or group, meeting clear group activities. within a team, leadership skills.
the skills for inappropriate most obligations contribution to Demonstrates showing Demonstrates
employment style. Flawed to others but group activities. very good skills leadership skills exceptional skills
requiring the approach to perhaps with Demonstrates for employment as appropriate, for employment
exercise of group work, limited the skills for requiring the and meeting requiring the
personal meeting only involvement in employment exercise of obligations. exercise of
responsibility partial group activities. requiring the personal Demonstrates personal
obligations to exercise of responsibility excellent skills responsibility
Level 5 SATISFACTORY GOOD VERY GOOD EXCELLENT EXCEPTIONAL
FAIL MARGINAL FAIL
(3rd / Pass) (2.2 / Pass) (2.1 / Merit) (1st / Distinction) (1st / Distinction)
Category 0-29% 30-39% 40-49% 50-59% 60-69% 70-84% 85-100%
and decision- others. Limited Demonstrates personal and decision- for employment and decision-
making. evidence of the the basic skills responsibility making, with just requiring the making and an
skills for for employment and decision- occasional minor exercise of appetite for
employment requiring the making, with weakness. personal further
requiring the exercise of some areas of responsibility development.
exercise of personal strength and and decision-
personal responsibility some of minor making and an
responsibility and decision- weakness. appetite for
and decision- making, with further
making. some areas of development.
minor weakness.

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