Associated Assessment Criteria for Exit Level Outcome 1:
Evaluate and apply costing methods and their results.
Explain and interpret the role of Material Requirements Planning and Enterprise Resource Planning systems.
Understand and apply the principles of environmental costing and the purposes of forecasts, plans and budgets.
Prepare information to support project appraisal, forecasts of financial results and budgets based on those forecasts.
Evaluate project proposals and analyse the information to assess the impact on decisions of variables with uncertain values.
Identify the working capital position of an enterprise, short- term funding and investment opportunities and areas for improvement.
Associated Assessment Criteria for Exit Level Outcome 2:
Explain the accounting rules for current and deferred taxation and the principles that underlie the use of budgets in control.
Associated Assessment Criteria for Exit Level Outcome 3:
Prepare full consolidated statements of a single company and the financial position and comprehensive income for a simple group.
Research and apply the principles of accounting for capital schemes and foreign exchange rate changes.
Understand and discuss accounting principles and their relevance to accounting issues of contemporary interest.
Research and apply ratio analysis from financial statements and supporting information.
Evaluate performance and position.
Understand and discuss contemporary developments in financial and non-financial reporting.
Associated Assessment Criteria for Exit Level Outcome 4:
Evaluate and apply long-term capital investment decisions and capital budgeting techniques.
Evaluate the leasing decision and alternative sources of finance.
Identify and apply the appropriate sources of long-term corporate capital.
Evaluate and understand the dividend policy of a company and recommendations regarding the optimum pay-out and retention ratios.
Calculate and interpret a company or a division's performance using ratio analysis.
Calculate the value of the business operations using different valuation methods.
Associated Assessment Criteria for Exit Level Outcome 5:
Discuss and apply concepts of cost and revenue relevant to pricing and product decisions.
Analyse short-term pricing, pricing strategies and product decisions.
Evaluate and apply the techniques for analysing and managing costs for a competitive advantage.
Understand and apply the principles that underlie the use of budgets in control.
Evaluate performance using budgets, alternative approaches and sensitivity to variable factors.
Discuss the broader managerial issues arising from the use of budgets in control.
Evaluate and understand the use of responsibility centres in devising organisational structure and management control.
Associated Assessment Criteria for Exit Level Outcome 6:
Formulate the organisations mission, goals, aims and critical success factors.
Identify and evaluate long and short-term objectives for the organisation and possible conflict between objectives.
Differentiate between formal and less formal approaches to strategy formulation.
Outline the process of strategy formulation.
Explain the importance of competitive factors in reviewing the position of the organisation.
Explain the international influences on the organisation and preparing Strengths, Weaknesses, Opportunities, and Threats (SWOT) and Political, Economic, Social and Technological (PEST) analysis.
Identify and evaluate international factors affecting the market place e.g. Porter's 5 forces model.
Prepare reports to management on organisational resources.
Benchmark performance against best practice organisations.
Explain value chain analysis and its implications for the organisation.
Explain the problems of strategic performance, the use of profit and cash measures.
Explain non-financial measures and the interaction with financial measures.
Explain multidimensional models of performance including the balanced scorecard.
Explain strategic business performance: transfer pricing and reward systems.
Explain the consequences of short and long-term planning with reference to research and development, changing technology, outsourcing and capital investment.
Associated Assessment Criteria for Exit Level Outcome 7:
Define the research and explain the research process.
Analyse various research approaches and understand the types of research methods are understood.
Identify the research problem in an Accounting discipline.
Develop a research design in terms of the type of research that will be conducted.
Apply the format of the research report in terms of standard norms and requirements.
State the research objectives in the research report.
State the methodology used to collect information in the report.
State the research findings and recommendations in the report.
Integrated Assessment:
Three formative assessments constitute a course mark which contributes 40% of the final examination mark. A summative assessment (examination) is written at the end of the academic year and this contributes 60% of the final examination mark. |
