ACFI5020 Accounting for Managers Assignment
|PAPER TYPE||CASE STUDY|
|# OF SOURCES||4|
|# OF PAGES & WORD COUNT||8 ≈2200 WORDS|
This is Referral Assignment 2020/2021
Deadline 12 noon on 7 th May 2021 by Turnitin.
Word count = Maximum 2000 words + References and Appendices
Despite the negative impacts on the economy of COVID-19, investors in Loungers have, for the past
year enjoyed an increase in the share-price. It has yet to regain all that it lost in the first quarter of
2021. The last year has proved challenging as the company has struggled to regain its share price
but it does seem to be getting closer to its previous price. You can see this by clicking on the
following link and observing the share price for the past two years:
In spite of the share price recovering, investors remain ever-demanding and at a recent meeting,
shareholders insisted that the company could do even better in terms of its performance.
Shareholders demanded that the Board of Directors appoint a recent, high quality Financial Analyst
to assess the performance of the company and make management recommendations.
With the agreement of the Board, Alex Reilley (aged 46) – Founder Chairman, has appointed you – a
Financial Analysts – to the task of appraising the company and providing recommendations on how
the performance can be enhanced.
Your ACFI5020 Accounting for Managers Assignment has been split into 4 mini-tasks as follows:
As a Financial Analyst and using the Annual Report and Accounts of Loungers Plc for the period
2018, 2019 and 2020, you are required to evaluate the performance of the company using a range of
ratios of your choice that you think would be helpful. The report and annual accounts for these
years are available at the following link:
You are required to evaluate the performance of the company using any 10 ratios. All ratios must be
calculated (and workings shown) and not extracted from external databases. Remember that any
ratio you choose should be calculated for all three years. You should compare the performance over
the three years and comment.
As a Financial Analyst and considering your response to Task One above, you are required to
provide advice on what you think should be done in order to improve the performance of each of
the ratios you have computed.
Now consider yourself as a shareholder in the company. Your third task is to analyse the above
ratios and ask the Chairman some questions. For this task, list 5 questions that you would like to
ask- remember that you are speaking from a shareholders point of view. Ask your questions and
state why each question is of importance to you as a shareholder?
Your question should be focused, relevant to helping you make an informed decision about
investing in the company.
Now consider page 11 and 12 of the 2020 Accounts. You will find a list of stakeholders presented.
Can you think of which ratios would be of interest to these stakeholders and why?
In this task you are awarded a maximum of 15% for the standard and quality of your submission
overall. This includes the following:
Quality and depth of argument and discussion;
Standard of language – is your use of English clear and coherent?
Standard of presentation.
Learning Outcomes specifically assessed:
Subject Specific Knowledge and Skills
1. Identify and critically appraise the different components of a financial report, and assess the
adequacy of current international financial reporting requirements for a greater understanding
of company performance
2. Analyse and interpret financial data and information, evaluate their relevance and validity, and
synthesise a range of information in the context of business situations
3. Demonstrate the ability to use conventional management accounting and financial management
techniques to produce appropriate information for management to aid planning, control and
4. Evaluate the usefulness of contemporary management accounting techniques in measuring
5. Critically appraise management accounting techniques with respect to their effectiveness and
identify any weaknesses inherent in their use
Non Subject Specific and Cognitive Skills
1. Manage own learning, using the available range of resources, and ability to conduct research
into business and management issues
2. Ability to collect relevant information relating to a given situation, analyse that information and
synthesise it into an appropriate form in order to evaluate decision alternatives
3. Demonstrate a practical and integrative approach to a problem area or issue
4. Demonstrate rigour of academic arguments as well as the application of theory
Assignments will be graded according to the general postgraduate assessment criteria and you
should also bear the following in mind:
Evidence of critical judgement in selecting, ordering and analysing content in order to present
a sound argument
The demonstration and understanding of relevant concepts and models
The demonstration of insight and originality in responding to the assignment
The provision of well-referenced evidence
Students are required to achieve an average of 50% in order to pass this module. You must achieve
at least 40% in both this assignment and in the Business Simulation work.
All of the usual University regulations will apply with regard to the late submission of work and
Submission date: As per handbook.
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