Accounting for Business

Assessment TaskDescription

Task 1

All businesses rely on both internal and external sources of long-term finance for expansion.

Critically analyse the sources of external long-term finance available for both unincorporated and incorporated business entities.

Externallong-term sources of finance are capital and various forms of debt. These should be identified, explained, and evaluated in terms of their similarities and differencesin the context of sole traders, partnerships, and companies (private and public). [80%]

Task 2

A sole trader of a hotel business is considering converting to a private limited company as the only shareholder.

Evaluate two advantages andtwo disadvantages of converting the hotel business to a private limited company. [20%]

Notes for undertaking the assignment:

1. Your answers to the questions should be appropriately analysed and must be grounded I n appropriate academic literature and must provide clear evidence of independent critical evaluation.

2. Students exceeding the word limit will be penalised.

3. Poor presentation of your written content including spelling mistakes, grammatical errors, poor sentence structure, paragraphing and etc. will be penalised

4. Assignments will be graded on the basis of research done, analysis of the facts collated, stand taken and the justification of the stand.

5. All research must be referenced based on Harvard referencing. Improper or lack of either of these constitutes plagiarism and students will be awarded a Zero.

6. Students found copying from other students will also be charged with collusion and awarded a Zero.

Length required

2000 words (10% +/-).

Format and Layout

Please note the following when completing your written assignment:

1. Writing: Written in English in an appropriate business/academic style

2. Focus: Focus only on the tasks set in the assignment.

3. Ensure a clear title, course, and name or ID number is on a cover sheet and work is appropriately referenced.

4. Research: Research should use reliable and relevant sources of information e.g. academic textbooks and journals that have been peer-reviewed. The research should be extensive.

5. All referencing should be in Harvard style.

6. Follow the structurebelow;

Title Page Table of Content (excluded from the word count) Executive summary – (excluded from the word count) Introduction Analysis and discussion Conclusions Reference List (excluded from the word count) Bibliography (excluded from the word count) Appendix – please use judiciously (excluded from the word count)