Module Title:Managing Financial ResourcesCourse Title/s:MSc Finance (Core); MSc Accounting and Finance (Opt); MSc Management and pathways (Core) MA International BusinessLevel:H7Component 1:Coursework: An Analysis of Financial Performance & PositionWeighting: 40% Criteria and Weighting100-7069-6059-5049-4039-3029-1514-0Introduction and Conclusion (10%)Excellent evidence of business research highlighting key issues/concerns. Well-judged, specific and clear conclusions. Evidence of considering the motives of an investor.Solid evidence of business research highlighting key issues/concerns Specific and clear conclusions- may be some errors of emphasis. Recognition of the investor as the report user.Some evidence of business research highlighting key issues/concerns. Generally valid conclusions drawn but may be more general in nature. May not recognise the investor as the report user.Limited evidence of business research highlighting key issues/concerns Generally valid conclusions drawn but may be more general in nature. May not recognise the investor as the report userNo evidence of business research highlighting key issues/concern. Conclusions are very general or misjudged. Does not recognise the investor as the report user.No evidence of business research highlighting key issues/concern. Conclusions are not drawn. Does not recognise the investor as the report user.No evidence of business research highlighting key issues/concern. Introduction and Conclusion are not present. Does not recognise the investor as the report user.Sales and Profitability (15%)Has analysed Sales, GP margin, and overheads before attempting to explain overall profitability. Shows clear understanding of the purpose of ratios selected. Has identified trends. Insightful analysis of trends / movements in figures and ratios – linked to excellent evidence of research into business events. Has explained exceptional costs where relevant.Has analysed Sales, GP margin, and overheads before attempting to explain overall profitability. Shows solid understanding of the purpose of ratios selected. Has identified trends. Solid analysis of trends / movements in figures and ratios, may be some errors of emphasis – linked to some solid evidence of research into business events. May be less clear in identifying the impact of exceptional costs where relevant.Fair attempt at explaining profitability – may have considered some but not all areas (Sales, GP%, overheads) separately. Shows fair understanding of the purpose of ratios selected. Has identified trends. Fair analysis of trends / movements in figures and ratios, may be some errors of emphasis and less depth -linked to some fair evidence of some research into business events. Weaker attempt at explaining profitability – may not have built up the understanding of performance by considering sales, GP% and overheads. Shows some understanding of the purpose of ratios selected. May not have identified trends clearly. Less analysis of trends / movements in figures- more descriptive in approach. A little evidence of linking to research into business events. Poor attempt at explaining profitability – has not built up the understanding of performance by considering sales, GP% and overheads. May contain areas of irrelevancy. Little evidence of understanding of the purpose of ratios selected. Has not identified trends. Little or no analysis of trends / movements in figures – entirely descriptive in approach. No evidence of linking to research into business events.No real attempt to explain profitability. May contain areas of irrelevancy.Largely irrelevant or very brief.Cash Flow Performance and Liquidity (15%)Clear understanding of the purpose of ratios selected. Has identified trends. Insightful analysis of trends / movements in figures and ratios – linked to excellent evidence of research into business events. Awareness of benchmarks for ratios. Awareness of complexity in interpretation of high ratios. Analysis extends to the Cash Flow Statement. Solid understanding of the purpose of ratios selected. Has identified trends. Solid analysis of trends / movements in figures and ratios – linked to solid evidence of research into business events. May be some errors of emphasis. Awareness of benchmarks for ratios. May be less awareness of complexity in interpretation of high ratios. Analysis extends to the Cash Flow Statement. Fair understanding of the purpose of ratios selected. Has identified some trends. Fair analysis of trends / movements in figures and ratios – linked to some evidence of research into business events. May be some errors of emphasis, and less depth of analysis. Awareness of benchmarks for ratios. Little awareness of complexity in interpretation of high ratios. Analysis may not extend to the Cash Flow Statement. Some understanding of the purpose of ratios selected. May not have identified trends clearly. Less analysis of trends / movements in figures and ratios. More descriptive in approach. A little evidence of linking to research into business events. Little awareness of benchmarks for ratios and no awareness of complexity in interpretation of high ratios. Analysis may not extend to the Cash Flow Statement. Little evidence of understanding of the purpose of ratios selected. Has not identified trends. Little or no analysis of trends / movements in figures and ratios. Entirely descriptive in approach. No evidence of linking to research into business events. No awareness of benchmarks for ratios and no awareness of complexity in interpretation of high ratios. Analysis does not extend to the Cash Flow Statement. Shows little evidence of understanding. May contain areas of irrelevancy.Largely irrelevant or very brief.Efficiency (10%)Insightful choice of ratios and student has justified these from findings from liquidity and cash flow analysis. Clear understanding of the purpose of ratios selected. Has identified trends. Insightful analysis of trends / movements in figures and ratios – linked to excellent evidence of research into business events.Choice of ratios is logical based on findings from liquidity and cash flow analysis although student may not have explicitly justified. Solid understanding of the purpose of ratios selected. Has identified trends. Solid analysis of trends / movements in figures and ratios – linked to solid evidence of research into business events. May be some errors of emphasis.Choice of ratios may be less clearly related to findings from liquidity and cash flow analysis. Fair understanding of the purpose of ratios selected. Has identified some trends. Fair analysis of trends / movements in figures and ratios – linked to some evidence of research into business events. May be some errors of emphasis, and less depth of analysis.Choice of ratios may be less clearly related to findings from liquidity and cash flow analysis. Some understanding of the purpose of ratios selected. May not have identified trends clearly. Less analysis of trends / movements in figures and ratios. More descriptive in approach. A little evidence of linking to research into business events.Choice of ratios may be less clearly related to findings from liquidity and cash flow analysis. Little evidence of understanding of the purpose of ratios selected. Has not identified trends. Little or no analysis of trends / movements in figures and ratios. Entirely descriptive in approach. No evidence of linking to research into business events. Shows little evidence of understanding. May contain areas of irrelevancy.Largely irrelevant or very briefFunding Structure (10%)Clear understanding of the purpose of ratios selected. Has identified trends. Insightful analysis of trends / movements in figures and ratios – linked to excellent evidence of research into business events. Excellent consideration of the implications of gearing levels. Solid understanding of the purpose of ratios selected. Has identified trends. Solid analysis of trends / movements in figures and ratios – linked to solid evidence of research into business events. May be some errors of emphasis. Solid consideration of the implications of gearing levels.Fair understanding of the purpose of ratios selected. Has identified some trends. Fair analysis of trends / movements in figures and ratios – linked to some evidence of research into business events. May be some errors of emphasis, and less depth of analysis. Fair consideration of the implications of gearing levels.Some understanding of the purpose of ratios selected. May not have identified trends clearly. Less analysis of trends / movements in figures and ratios. More descriptive in approach. A little evidence of linking to research into business events. May not have considered the implications of gearing levels.Little evidence of understanding of the purpose of ratios selected. Has not identified trends. Little or no analysis of trends / movements in figures and ratios. Entirely descriptive in approach. No evidence of linking to research into business events. Shows little evidence of understanding. May contain areas of irrelevancy.Largely irrelevant or very briefShare Price Movements and Dividend Policy (10%)Excellent attempt to explain trends, linking to report analysis. Excellent evidence of research into share performance and Investment commentaries. Dividend policy is considered, and implications are discussed.Solid attempt to explain trends, linking to report analysis. Some evidence of research into share performance and Investment commentaries. Dividend policy is considered, and implications discussed.Fair attempt to explain trends, linking to report analysis. May be less evidence of research into share performance and investment commentaries. Dividend policy is identified, but implications may not have been discussed.Some attempt to explain trends but may be descriptive in approach. Little evidence of research into share performance and investment commentaries. Dividend policy is identified, but implications are not discussedLittle or no attempt to explain trends. No evidence of research into share performance and investment commentaries Dividend policy may have been identified, but implications are not discussedShows little evidence of understanding. May contain areas of irrelevancy.Largely irrelevant or very briefComparison to Games Workshop in key areas specified (10%)All areas specified have been addressed. Relevant key ratios calculated for GW. Comments re GW are accurate and well judged. Comparison to Hornby shows criticality. All areas specified have been addressed. Some relevant key ratios calculated for GW. Comments re GW are mainly accurate and well judged – there may be some few errors of emphasis. Comparison to Hornby shows less criticality. At least 2 of the 4 areas specified have been addressed. Ratios for GW may not have been calculated. Comments re GW show some accuracy and judgement This is balanced by areas of weaker work. Comparison may be mainly descriptive.At least 2 of the 4 areas specified have been addressed. Ratios for GW may not have been calculated. Comments re GW and comparison mainly are descriptive.Less than 2 of the 4 areas specified have been addressed. No ratios for GW have been calculated. Comments re GW are entirely descriptive. No comparison to Hornby.Shows little evidence of understanding. May contain areas of irrelevancy.Largely irrelevant or very briefRatio Calculations (10%)1 mark for each correctly calculated 2018 and 2019 ratio for Hornby plc (expectation of minimum 10 ratios)Style, structure and presentation (10%)Excellent evidence of flair, appropriate business language, logical report structure, and professional report format.Good evidence of flair, appropriate business language, logical report structure, and professional report formatFair evidence of appropriate business language, logical report structure, and professional report formatWeak evidence of appropriate business language, logical report structure, and professional report formatPoor evidence of appropriate business language, logical report structure and professional report formatVery poor evidence of appropriate business language, logical report structure and professional report formatExceptionally poor evidence of appropriate business language, logical report structure and professional report format
