International Study Centre (International Foundation Year) 2020/2021 Level 3 Cohort February 2021 Assessment Brief REPORT Module code: XS3003 Module title: Financial Accounting with Mathematics Term 2Learning outcomes covered5Type of SubmissionReport (submitted on Canvas)Word Count1,500 – 2,000 wordsAssignment weighting25%Issue dateMonday 5th April 2021Submission dateFriday 28th May 2021, 5:00 PMFeedback to studentsWithin 3 weeks of submission (on Canvas) SCENARIOYou have been appointed as a trainee consultant at ASOS plc. The Chief Executive Officer is concerned about the volatility in the company’s share price over the most recent month. Particularly, he is concerned that the share price has become more volatile that the share price of Boohoo Group plc, one of the company’s closest competitor. In response to the increasing trend in online shopping, the Chief Technology Officer has proposed the development of a new software that will improve operations at the company. But there are some concerns that should the new software fail to achieve its objectives, the volatility of the share price would increase. In order to assess the probability of success for the new software, the CTO plans to conduct an experiment. A trial of the new software will be repeated each day of the week, from Monday to Friday and the probability that the trial succeeds on a given day as been estimated at 0.7.YOUR TASKNote: Before completing this task, you should obtain daily time-series data of historical share prices for both ASOS plc and Boohoo Group plc for the most recent month. These can be obtained from websites such as Yahoo! Finance – https://uk.finance.yahoo.com/. You should produce a report that includes the following: A presentation of the daily time-series data of historical share prices for both ASOS plc and Boohoo Group plc for the most recent month (2 time-series);Calculations and interpretation of measures of measures of central tendency and measures of variability for the 2 time-series.A presentation and analysis of appropriate statistical graphs for the 2 time series.Calculations of the probabilities that the trial of the new software will succeed in one day only the trial of the new software will succeed in two days only the trial of the new software will succeed in three days only the trial of the new software will succeed in four days only the trial of the new software will succeed in all five days Conclusions and recommendations on the volatility of the share price and whether the new software should be introduced. Academic MisconductAny act of plagiarism and/ or collusion will be dealt with accordance with Kingston University’s regulation for Academic Misconduct – Taught Courses 2019/20 (AR6) that can be found using the link https://www.kingston.ac.uk/aboutkingstonuniversity/howtheuniversityworks/policiesandregulations/#ar The University defines academic misconduct (cheating) in assessment as any attempt by a student to gain an unfair advantage in assessments or to aid another to gain such an advantage. Examples of the types of academic misconduct covered by these procedures are provided below, but this should not be regarded as a definitive list. The University reserves the right to include other types of academic misconduct under this procedure (s.8) Plagiarism (including copying) The University defines plagiarism as the act of presenting the work of another person (or people) as one’s own without proper acknowledgement. This includes copying the work of another student or other students. The University expects students to take responsibility for the security of their work (i.e. with written work, to ensure that other students do not get access to electronic or hard copy of the work). Failure to keep work secure may allow others to cheat, and could result in an allegation of academic misconduct for students whose work have been copied, particularly if the origin of the work is in doubt Self-Plagiarism The University defines self-plagiarism as the act of presenting part or all of a student’s work that has been previously submitted to meet the requirements of a different assessment, except where the nature of the assessment makes this permissible. Collusion The University defines collusion as the act, by two or more students, of presenting a piece of work jointly without acknowledging the collaboration. This could include a student who permits or assists another to present work that has been copied or paraphrased from the student’s own work. Purchasing or Commissioning The University defines the act of purchasing or commissioning as either attempting to purchase or purchasing work for an assessment including, for example from the internet, or attempting to commission, or commissioning someone else to complete an assessment. Marking Criteria Section/ elementAllocated MarksKnowledge and understanding30%Application of concepts and principles to task30%Analysis30%Effectiveness of communication10% Knowledge and UnderstandingApplication of Concepts & Principles to taskAnalysisEffectiveness of CommunicationExcellent85-100%Your work shows an extremely good grasp of the skills and knowledge required for this module.It is clear from your work that you have engaged in reading and study that goes beyond the core areas needed to complete the assessment.The purpose of the task has been fully understood.An excellent answer that is thorough, complete, comprehensive & relevant.Conceptual knowledge applied with consummate skill.Your work shows that you are able to analyse key concepts in a way that is unusually advanced for this level of study and that goes beyond the ideas and approaches that we studied.Written communication is excellent. The work is extremely fluent. It is well-structured and accurate.A very sophisticated grasp of appropriate subject specific terminology. Very few, if any, language errors.Referencing is faultless.70-84%Your work shows a thorough grasp of the skills and knowledge required for this module.It is clear from your work that you have engaged in reading and study that goes beyond the core areas needed to complete the assessment.The purpose of the task has been fully understood.An excellent answer that is relevant, thorough and comprehensiveConceptual knowledge applied with considerable skillYour work shows a good ability to analyse key concepts using the ideas and approaches that we covered in the course of the module.Written communication is highly successful. The work is very fluent, well-structured and accurate, -very good grasp of appropriate subject specific terminology.Occasional language errors but they do not impede communication.Referencing is generally correct.Very Good60-69%Your work shows a very good grasp of the skills and knowledge required for this module.It is clear from your work that you have engaged in reading and study in the core areas needed to complete the assessment.A very good answer that is relevant, thorough and complete.The purpose of the task has been fully understood.Conceptual knowledge applied very skilfully.Your work shows that you are able to analyse ideas using the approaches that we covered in the module.Written communication is very successful. The work is largely fluent and well-structured, accurate.A sound grasp of appropriate subject specific terminology. Errors occasional and only when complex ideas are discussed.Referencing contains few errors.Good50-59%Your work shows a good knowledge and understanding of the material covered in this module.It is clear from your work that you have engaged in some reading and study in the core areas needed to complete the assessment.The task has been understood and addressed competently.Answer may lack thoroughness and detail and contain some irrelevancy.Conceptual knowledge applied with adequate skill.Your work tends to be descriptive, with only limited analysis using the ideas and approaches that we covered in the module.Communication is good. The work is reasonably fluent, well-structured and accurate.Some grasp of appropriate subject-specific terminology. Error is evident but does not impede understanding of the main points.Referencing may contain error.Fair40-49%Your work shows some knowledge and understanding of the material covered in this module.There is little evidence that you have engaged in some reading and study in the core areas needed to complete the assessment.The question has been addressed simplistically and the purpose of the task may not have been fully understood.May be incomplete and contain irrelevancy.Application of conceptual knowledge is only partly successful.Your work is descriptive, rather than analytical, and you have made a number of assertions without any evidence to back up your arguments.Written communication is only partly successful. Lacks precision.The work is moderately fluent &shows a basic grasp of appropriate terminology. Significant errors in grammar, syntax and terminology in several places.Referencing may contain significant error.Fail0-39%Your work shows only a limited knowledge and understanding of the material covered in this module.There is no evidence that you have engaged in some reading and study in the core areas needed to complete the assessment.The answer given is poor and/or incomplete.The main purpose of the task may be/is misunderstood and so the answer lacks relevance to the question, answer is incomplete and/or irrelevant.Any attempt to apply conceptual knowledge is very limited/does not exist.Your work is descriptive and shows no attempt to analyse ideas or arguments.Some of your work is irrelevant/ not always logical or coherent and has a high number of inaccuracies.Written communication is not successful. The work lacks fluency and precision.A poor grasp of appropriate terminology. Frequent errors in grammar, syntax and terminology seriously impede understanding. Reader may be unable to follow the report.Any referencing highly erroneous.
