Assessment Criteria and Mark Sheets

Assessment Guidelines
Learners must complete the tasks given in the assignment brief. Learners are able to request
assistance from tutors about completing the tasks, mark schemes and grade descriptors. Learners
are expected to adhere to policies and guidelines set out by the centre which includes
word/page/slide count, and plagiarism/collusion.
Context
Learners are required to refer to the guidance notes and assignment brief in order to present an
answer that would fall within the required context.
Confidentiality
Learners must seek permission and advice when using organisational/business information that
would be considered sensitive or confidential within their assignments. If the organisation’s consent
is given, and anonymity is a given requirement of the organisation, then the learner must respect
this.
Assessment Criteria and Mark Sheets
The assignment brief will include the mark scheme along with grade descriptors for learners to refer
to if needed. The guidance notes before the assignment questions should be used for reference in
order to ensure that learners are equipped with the information and formats required. Learners are
requested to obtain necessary advice on assignment context, format and other supporting
information to clarify and help understand the requirements.
The assessment criteria and the mark sheets will help learners identify how and where the marks
have been allocated and allow them to structure their answers accordingly.
Tutor Guidance
Learners are allowed one piece of feedback for draft answers they present. Any subject-related
questions relating to the module can also be directed to the tutor.
Word Count
It is mandatory that learners adhere to the specified word count given in the assignment brief within
a margin of -/+10%. For certain tasks, the assignment brief may specify the page count depending on
the task requirement, and although a word count may not be applicable for these, the page count
must be adhered to at all times. All tables, charts, diagrams, referencing (in-text) will be considered a
part of the assignment word count.
If the task requires learners to make a presentation, the word count will only be applicable to the
notes provided. The assignment questions may also specify the number of slides, in which case the
learners are also required to adhere to this.
Any supporting documents used to reinforce the learners answer need to be attached at the end of
the report as appendices. Such supplementary material will equip the examiner with the required
background knowledge on the information provided within the report. However, these will not be
considered for grading nor as part of the word/page count.
All assignments submitted with clear disregard for the stipulated page/word counts may be
discounted, and the learner may have to resubmit his/her work for assessment pending
revision/review of their work.
Referencing and Professionalism
To ensure that learners follow a professional stance at all times, they need to:
• Use Harvard referencing for all citations and references (including in text) Use professional,
formal English in presenting their work
• Learners must refrain from writing in a first-person perspective (i.e. ‘I’, ‘We’, ‘Me’ etc. should
not be used within the answer).
Learners should bear in mind that considerable marks are awarded for format and presentation.
Therefore, referencing and professionalism will be assessed in every task.
Plagiarism and Collusion
Plagiarism and collusion will be considered an academic offence and will be dealt with as a serious
issue.
Plagiarism can be defined as: the presentation of the work of another author without appropriate
referencing and/or attribution (leading to the false assumption that the learner is the originator of
the text).
Collusion can be defined as a circumstance in which: two or more learners present work with
distinct similarities in concept and ideas.
Learners must have access to valid plagiarism software (i.e. Turnitin) to assess ‘similarity index’
between their work and work that has been published elsewhere. This Turnitin report must be
submitted along with their final assignment scripts for reference purposes.
Excessive referencing (i.e. where unneeded/irrelevant) will also be considered an academic offence,
which will lead to learners being penalised in marks awarded for structure and format of their work
or, in serious cases, leading to the work of learners being discounted as unfit for assessment. Such
matters will be decided by academic panel.
Abbreviations Used
SGF – Strategic Global Finance
SFM – Strategic Financial Management
LO – Learning Outcomes
ACs/ PCs – Assessment or Performance Criteria(s)
Assignment 1a: Your future career in strategy and
global finance:
Task 1 constitutes 20% of the overall mark. All other tasks each constitute 15% of the overall mark.
10% of the overall marks are to be awarded for the application of critical thinking. 10% of the overall
marks are to be awarded as indicated by Structure and Format in the Mark Scheme below.
This task constitutes 60% of the overall mark.
You are applying for the role of Regional Finance Director for a large global organisation. To assess
your capabilities, the board have asked you to prepare a response to the following case study as
part of your interview process.
Case Study
Electro-Tech was formed in 2008 by combining the technical divisions of Mobilec and Novo-Tech.
Electro-Tech is one of the world’s leading suppliers of telecommunications systems. A multinational
company, Electro-Tech employs 21,000 people across 80 countries. In 2015, it sales exceeded £5
billion. Electro-Tech’s mission is to place world-wide telecommunications at the heart of every
business. It uses the latest technology to develop products and services that help its customers
improve their telecommunications functions.
To develop new products and services that can compete in the global telecommunications sector
requires intensive research and development. To protect its investment, Electro-Tech obtains
patents for its new products.
In 2015, Electro-Tech was faced with a major investment decision. As its TeleTech range moved
through its product lifecycle, the company was getting nearer to the maximum capacity for
production. Electro-Tech could not produce more of the TeleTech range without investing in its
production facilities. A proposal was put forward to expand production through a £150 million
investment at the Atlantic site in Cornwall. The company had to decide whether increasing
production would be financially viable and a worthwhile investment.
The table below shows estimated cash flow for the Atlantic expansion project.
Cash flows (million)
Year Year Year Year Year Year Year Year Year Year
0 1 2 3 4 5 6 7 8 9
Cash Inflow
Sales 200 400 400 400 400 400 400 400 400
Total Inflow 200 400 400 400 400 400 400 400 400
Cash Outflow
Investment 150
Manufacturing 80 160 160 160 160 160 160 160 160
Costs
Sales and 15 30 30 30 30 30 30 30 30
Marketing
Other Costs 25 25
Total Outflow 150 120 215 190 190 190 190 190 190 190
Net cash flow -150 80 185 210 210 210 210 210 210 210
Task 1
For your interview, you will need to show that you have a proper understanding of strategy and
global finance.
a) Explain how the concept of globalization is linked to investment approaches, using examples
from Electro-Tech and other global companies
b) Evaluate approaches to investment that two global businesses have adopted.
SGF – LO 1 (pcs 1.1, 1.2)
Task 2
a) Review two contrasting global business environment factors
b) Evaluate the impact of each factor on Electro-Tech’s operations
SGF – LO 2 (pcs 2.1, 2.2)
Task 3
a) Explain the potential investment decisions and strategies available to Electro-Tech’s
proposed Atlantic expansion project
b) Select and critically evaluate the optimum strategy
SGF – LO 7 (pcs 7.1, 7.2)
Task 4
For your interview, you need to reach a strategic decision about whether or not the Atlantic
expansion project should go ahead.
a) Explain the potential impact of your strategic decision on Electro-Tech’s operations
b) Evaluate the potential financial consequences that’s your strategic decision may have on the
organisation
SGF – LO 4 (pcs 4.1, 4.2)
Task 5
a) Explain TWO global risks that Electro-Tech might be exposed to if they were to implement
the Atlantic expansion project
b) Evaluates TWO risk mitigation techniques that can be applied to the Atlantic expansion project
c) Evaluate the suitability of the two risk mitigation techniques you have selected for managing
the global risks to Electro-Tech’s Atlantic expansion project
Assignment Word Count
Case study word count: 1500 words.
Assignment 1a: Criteria and Mark Scheme
Assessment Criteria Marks Comments Mark
Allocated Given
Task 1: LO 1 20 The concept of globalization, approaches
1.1: Explain the concept of to globalization in selected organisations.
globalisation. The different types of globalisation.
1.2: Explain the affiliation between the Mergers, acquisitions, licensing, joint
ventures, outsourcing, and direct overseas concept of globalization and branches. investment processes
1.3: Evaluate approaches to The investment processes in globalization,
evaluation of approaches such as direct investment in globalized businesses investment, mergers and acquisitions,
joint partnerships, out sourcing etc. for
particular scenarios (e.g. Apple, Tata Steel,
Tesco, Toyota, Prudential insurance etc.)
Task 2: LO 2 15 Global business environment factors.
2.1: Review and identify the global
Demographics, economic factors
(exchange rates, interest rates, population
business environment factors. growth and profiles etc.). Market entry
2.2: Evaluate the impact of the and exit barriers e.g. restrictions on
foreign ownership, tariff barriers on identified factors on selected national imported components etc., import and multinational organisations. substitution policies, export restrictions.
Suitability of local infrastructure.
The effects on national and multinational
organisations for selected scenarios.
Task 3: LO 7 15
7.1: Explain the current state of the
local, regional, national or worldwide Advanced Investment Appraisal-Impact of
economy in terms of hospitality and global financing. Case studies.
tourism Evaluation of strategies used in case
7.2: Assess the impact of changes to studies of global investment
the local, regional, national or
worldwide economy for a hospitality
and/or tourism organisation
Task 4: LO 4 15 The strategic decision undertaken (e.g.
4.1: Explain the range and impact of
market entry/withdrawal, mergers and
acquisitions, new products and services
strategic decisions made by selected etc.).
organisations. The financial consequences faced by an
4.2: Evaluate the financial organisation e.g. Tesco in SE Asia,
consequences of the strategic decision Inditex/Zara’s approach to outsourcing
made. etc.) Evaluation of organisational
performance and results in short, medium
and long term.
Task 5: LO6 15
6.1: Explain global risks as based on
prevailing practice.
6.2: Evaluate risk mitigation techniques Use of exchange rates, interest rates,
borrowing in local currencies etc for the typical risks identified at 6.1
above. Use of CAPM (Capital asset pricing model)
and APT. (Arbitrage pricing theory)
6.3: Evaluate the suitability of
techniques identified at 6.2 above to
manage the global risk to a selected
organisation.
Application of critical thinking 10
Structure and format 10
Relevance to the tasks
Use of supporting concepts and
frameworks
Professional tone and required format
Harvard references, including in-text
citations
Total Mark 100
Assignment 1b: Changing track – developing a new
financial strategy
Task 1 constitutes 20% of the overall mark. All other tasks each constitute 15% of the overall mark.
10% of the overall marks are to be awarded for the application of critical thinking. 10% of the
overall marks are to be awarded as indicated by Structure and Format in the Mark Scheme below.
This task constitutes 40% of the overall mark.
You have been appointed as Regional Finance Director for a large organisation. The organisation
has a well established reputation in its field, with a strong customer base. The organisation is
reviewing its strategy for one of its leading products. As Regional Finance Director, you have been
requested to compile a report that advises the Board on the following issues.
Your work should include a brief introduction to a large organisation of your choice that meets the
above requirements. You should also describe briefly the leading product on which this
assignment is based. It is essential that you develop your evidence in the context of your chosen
organisation and product.
Task 1
The Board is considering replacing or redeveloping the leading product you have chosen. This will
require considerable new investment.
a) Use TWO investment appraisal techniques to describe TWO alternative sources of finance
that would support the board’s strategy.
b) Contrast the usefulness of the two investment appraisal techniques you have selected
c) Analyse two international aspects of financial risk management that could impact on the
board’s strategy.
d) Analyse and explain the cost involved in managing these two aspects.
SFM – LO 1 (pcs 1.1, 1.3)
SGF – LO5 (pcs 5.1, 5.2, 5.3)
Task 2
The Board is prepared to revise the costing strategy for the redevelopment or replacement of your
selected product.
a) Explain to the Board the importance of costs in pricing strategies
b) Evaluate the costing system currently used by the organisation for your chosen product
c) Recommend an appropriate costing system that could be used to support the relaunch of
your chosen product
SFM – LO 2 (pcs 2.1, 2.3)
Task 3
The Board is concerned about the risks to the organisation of replacing or redeveloping the leading
product you have chosen.
a) Identified two sources of risk that may impact on the replacement or redevelopment and
evaluate suitable techniques for recording and monitoring these risks
b) Recommend a suitable approach that the Board could use to measure and monitor the likely
impact of TWO specific risks associated with the replacement or redevelopment of the
leading product you have chosen
c) Evaluate two techniques that could be applied to mitigate the specific risks you have
identified SFM – LO 3 (pcs 3.3, 3.4)
Task 4
The Board is aware of the demand on the organisation’s resources associated with redeveloping or
replacing the leading product you have chosen.
a) Use appropriate strategies and tools to evaluate the value of tangible and intangible
resources for the organisation you have selected
b) Use two appropriate techniques to evaluate the efficiency of resource utilisation required to
support the redevelopment of replacement of the leading product you have chosen
SFM – LO 4 (pc 4.3)
Task 5
The Board is concerned about the organization’s financial capacity to support the redevelopment or
replacement.
a) Analyse the organisation’s financial statements and apply financial ratios to determine the
current financial viability of the organisation
b) Make financial recommendations to the Board, based on sourced information, about
whether the redevelopment or replacement should go ahead
SFM – LO 5 (pcs 5.1, 5.3)
SGF – LO3 (pcs 3.1, 3.2, 3.3)
Assignment Word Count
Report word count: 3500 words.
Assignment 1b: Criteria and Mark Scheme
Assessment Criteria Marks Comments Mark
Allocated Given
Task 1: SFM LO 1 20 Analyse sources of finance and investment
1.1: Describe appropriate finance for appraisal techniques to determine suitable
sources of finance. an organisation from alternative
sources, through the use of selected Select possible sources of finance and
investment appraisal techniques. appraise their suitability using appropriate
1.2: Contrast the usefulness of various investment appraisal techniques, making
recommendations. investment appraisal approaches.
1.3: Analyse international aspects of Analyse international financial risks such as
interest and exchange rate changes, growth financial risk management. in overseas markets, international
accounting standards, and tools to minimise
exchange rate risks.
SGF – LO5
5.1: Identify and explain the sources of Sources of finance available: government
loans/grants, joint enterprises, finance available for selected shareholders, bank loans etc. scenarios.
5.2: Critically evaluate the risk involved Risk Analysis. e.g. currency fluctuations,
interest rate rises etc. and mitigation for the identified sources of finance. strategies
5.3: Analyse and explain the cost Cost of Capital and WACC (weighted involved in managing the global risk. average cost of capital), airline fuel
purchasing policies etc.
Task 2: SFM LO 2 15 Analysis of use of management accounting
2.1: Explain the importance of costs in
information such as cost-volume and costprofit indicators to support investment in
pricing strategies. product/marketing decisions and pricing
2.2: Evaluate existing costing systems decisions.
and propose improvements. Discuss and evaluate costing and budgeting
2.3: Design a costing system for an approaches, propose improvements for the
costing system used by selected organisation. organisations.
Discuss different approaches to costing and
choose the most appropriate for a chosen
organisation.
Task 3: SFM LO 3 15 Discuss different types and sources of risk,
3.1: Identify various sources of risks
including financial, technological,
operational, reputational, social, etc.
that relate to a business. Evaluate techniques for determining risk
3.2: Evaluate techniques for risk levels and their recording and monitoring
recording and monitoring. (e.g. traffic light systems and
3.3: Measure and monitor the likely impact/probability grids, etc.).
impact of various risks to an identified Select an appropriate approach to measure
business. and monitor risk in a chosen organisation.
3.4: Apply strategies and techniques to Evaluate and apply appropriate strategies
mitigate particular business risks. and techniques to mitigate risk in a chosen
organisation.
Task 4: SFM LO 4 15 Identify and discuss intangible resources
4.1: Evaluate the value of intangible
such as copyright, patents, trademarks,
goodwill, corporate image, reputational risk
resources to selected organisations. and their value to organisations.
4.2: Monitor and evaluate intangible For a chosen organisation, select and apply
and tangible resources using tools and strategies to monitor and evaluate
appropriate strategies and tools resources.
4.3: Evaluate the efficiency of resource Appraise approaches to measuring
utilisation in an organisation using efficiency such as benchmarking against
appropriate techniques. accepted best practice, and evaluate the
efficiency of resource utilisation in a chosen
organisation.
Task 5: SFM LO5 15 Evaluate financial statements and their
5.1: Analyse financial statements to
sources: Companies House and overseas
equivalents, balance sheet, profit and loss
determine the financial viability of an account, cash flow, balanced scorecards,
organisation. etc.
5.2: Apply financial ratios to improve Apply financial ratios to summarise
information for selected companies. information quality.
Evaluate information from the above to
5.3: Make financial recommendations make financial recommendations.
for an organisation based on sourced
information.
SGF – LO3
3.1: Describe the current financial Published financial statements, analysis of
position of selected organisations. statements, accounting approaches used
e.g. for revenue recognition and
3.2: Explain how the identified apportionment, valuations of intangibles
organisations achieve their financial (e.g. intellectual property valuations,
goals brands, goodwill etc.)
3.3: Evaluate and recommend Analysis of possible approaches e.g.
Strategic implications of mergers and post- strategies which enhance the value of merger values. the organisation.
Evaluation of management theories to
understand the current market position,
strategies to enhance value. Evaluation of
approaches to increasing value, selection of
suitable strategies with rationale.
Application of critical thinking 10
Structure and format 10
Relevance to the tasks
Use of supporting concepts and
frameworks
Professional tone and required format
Harvard references, including in-text
citations
Total Mark 100
Page 14 of 14
Assessment Criteria for all Assessments
Marks Criteria
70-100 The answer submitted has an outstanding result with negligible amount of mistakes.
The answer shows an appreciative level of knowledge and clear understanding of related models,
theories and frameworks. Analytical techniques used show the wide area of knowledge the
student has.
The ability to apply and contextualize the models, theories and frameworks are clearly
recognisable.
The analysis and the use of research data, as well as the ability to use the data to reach acceptable
and accurate conclusions is exceptional.
Answers show independent thought and clarity of the student answer has led to an overall focused
and evaluative answer.
The answer has followed proper Harvard referencing.
60-69 The answer shows an above average standard with few errors.
The answer shows a decent level of knowledge and fairly clear understanding of related models,
theories and frameworks. The use of analytical techniques is obvious throughout the answer in a
manner that reflects a very good level.
The ability to apply and contextualise the models, theories and framework are of a good standard.
The analysis and the use of research data, as well as the ability to use the data to reach acceptable
and accurate conclusions is above average levels.
Answers show independent thought and clarity of the student answer has led to an overall focused
and evaluative answer with little inconsistency.
The answer has followed proper Harvard referencing.
50-59 The answer shows an above average standard with errors.
The answer shows a general level of knowledge and fairly clear understanding of related models,
theories and frameworks. The use of analytical techniques is obvious throughout the answer in a
manner that reflects a good level.
The ability to apply and contextualise the models, theories and framework are of a reasonable
standard. But the link between theory and practical knowledge appears to be restricted.
The answer shows more assumptions than conclusive evidences and valid arguments. However,
the ability to interpret and evaluate is evident.
Answers show independent thought and clarity of the student answer has led to an overall focused
and evaluative answer with some inconsistencies.
The answer has followed Harvard referencing in the bibliography at an acceptable lev el.
40-49 There are several shortcomings throughout the answer.
The knowledge level reflected in the answer is limited especially in understanding of related
models, theories and framework.
The case material has been repeated instead of evidencing knowledge.
The use of analytical techniques is inadequate.
A certain level of relevance is evident in Harvard referencing.
30-39 Answer submitted is quite weak and lacks proper focus.
There are number of poor grammar and spelling errors.
The lack of understanding in subject knowledge, related models, theories and frameworks is
evident.
Contextualisation, interpretation, and evaluation are of a poor standard.
Reflects only basic levels of Harvard referencing in the bibliography.
0-29 Requires more work on answering skills.
There is very little evidence of appropriate subject knowledge.
The use of models, theories and frameworks is quite poor.
The analytical skills and contextualization is almost non -existent.
Answer produced has little relevance to the assignment briefs.
The overall output is well below the required standard.
Considerable amount of work is needed as the overall answer it quite poor and unacceptable.

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