Assessment Guide
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Academic Year 2021/22 |
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Assessment Guide |
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Term 2 14th March 2022 – 06th May 2022 |
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Module Leader Name: Dr Lazarus Tapuwa Mabvira Email: [email protected] Room: US2.33 Student Hours: Monday 14-1600hrs Tuesday 14-1600hrs |
Other Tutors Altaf Khoso Dr Hammad Hussain Muhammad Sameer Dr Chau Duong Khurram Riaz Pallavi Singh Syed Naqavi |
Assessment
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Individual Coursework |
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12th May 2022 @ 1600hrs |
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This assignment accounts for 50% of the module marks. |
Your Task:
The The MazReb Highland Hotel Group is a company that’s based in the western frontier of Highland City, a tourism hotspot in the Republic of Karombe. The company’s planning and actual budgets for December appears below:
The MazReb Highland Hotel Group
Planning and actual budgets for the month ended December 31st, 2021
PLANNING (‘000) ACTUAL (‘000)
Budgeted meals quantity (q) 20 000 18 000
Revenues (£5.00q) £100 000 £90 000
Expenses:
Raw Material (£2.50q) 50 000 45 000
Wages and Salaries (£5 500+£0.25q) 10 500 10 000
Utilities (£2 500 + £0.05q) 3 500 3 400
Facility Rent 5 000 5 500
Insurance 2 800 3 200
Fuel 2 500 2 800
Net Operating Income £25 700 £20 100
Required:
Outline the possible drawbacks of budgeting and suggest practical ways through which The MazReb Highland Hotel Group could go about minimising these? (15 marks)
Prepare a report showing The MazReb Highland Hotel Group’s revenue and spending variance for December. Based on this report, which area/s of activity should be of concern to the management of the hotel and WHY? (25 marks)
Explain the term “Sustainability”. Assess and advise The MazReb Highland Hotel Group on the measures they can/should adopt to ensure sustainability in their operations (25 marks)
The Executive Management of The MazReb Highland Hotel Group have decided to build a new hotel in the eastern frontier of Highland City. Recommend a viable investment appraisal technique they could employ in evaluating their options in this respect (based on their circumstances). (25 marks)
The word count for this assignment is 1,500 words and will not include the title page, executive summary, contents page or bibliography.
It is important that you show knowledge of key debates within the wider literature. Also, it is strongly advised that you are critical in your writing and ensure a good level of integration and coherence in applying theories. Please work on, and ensure an excellent level of criticality, coherence, and flow of your report. This will require effective discussion and clarity.
Please note that a significant amount of the marks is awarded on the basis of wider reading, critical and logical presentation, quality of argument, referencing, academic integrity and academic writing conventions. Please see Assessment Criteria on the Moodle.
Reassessment
The reassessment will be a resubmission of this report, with tracked changes made in response to the feedback given. The date for Reassessment is TO BE ADVISED as soon as the results are released.
The Learning Outcomes assessed by this assessment are:
Knowledge
Demonstrate an understanding of different markets and sources of finance; and the role of budgeting in an organisation.
Be able to assess budgets based financial data to support organisational objectives (CMI Los 2).
Thinking skills
Analyse the information contained in a company’s annual report; and appraise finance and investment decision.
Skills for life and work (general skills)
Demonstrate an understanding of the context within which accounting operates, and the various local and international standards that need to be complied with.
Subject-based practical skill
Effectively apply budgets and investment appraisal techniques.
We strongly suggest that you try to submit all coursework by the deadline set as meeting deadlines will be expected in employment. However, in our regulations, UEL has permitted students to be able to submit their coursework up to 24 hours after the deadline. The deadline is published in this module guide. Coursework which is submitted late, but within 24 hours of the deadline, will be assessed but subjected to a fixed penalty of 5% of the total marks available (as opposed to marks obtained). If you submit twice, once before the deadline and once during the 24-hour late period, then the second submission will be marked and 5% deducted. This rule only applies to coursework. It does not apply to examinations, presentations, performances, practical assessments or viva voce examinations. If you miss these for a genuine reason, then you will need to apply for extenuating circumstances, or accept that you will receive a zero mark.
Further information is available in the Assessment & Feedback Policy at
https://www.uel.ac.uk/Discover/Governance/Policies-Regulations-Corporate-documents/Student-Policies (click on other policies)
Assessment criteria for the task:
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Assessment Criteria |
Maximum Mark |
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Drawbacks of Budgeting |
15 |
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Revenue and Spending Variance Report / Variance which should concern management |
25 |
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Advising on Sustainability |
25 |
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Recommending a viable Investment Appraisal Technique |
25 |
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Clarity & Structure: i.e. detailed, coherent and formal structure should be demonstrated. It also should be well presented |
5 |
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Referencing: appropriate application of Harvard referencing should be evident |
5 |
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Total Mark
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100 |
Guidance on referencing
As a student you will be taught how to write correctly referenced essays using UEL’s standard Harvard referencing system from Cite Them Right. Cite them Right is the standard Harvard referencing style at UEL for all Schools apart from the School of Psychology which uses the APA system. This book will teach you all you need to know about Harvard referencing, plagiarism and collusion. The electronic version of “Cite Them Right: the essential referencing guide” 9th edition, can be accessed whilst on or off campus, via UEL Direct. The book can only be read online and no part of it can be printed nor downloaded.
Further information is available at:
https://uelac.sharepoint.com/LibraryandLearningServices/Pages/default.aspx
Details of submission procedures:
Notice is hereby given that all submissions for this component must be submitted to Turnitin.” If you fail to submit component to Turnitin, in accordance with the guidance provided on the Virtual Learning Environment (Moodle), a mark of 0 will be awarded for the component.
Submitting Assessments Using Turnitin:
Turnitin is required for coursework assessments, such as report/research papers or projects in Microsoft Word, PowerPoint, and in PDF format. There are two main reasons we want you to use Turnitin:
Turnitin can help you avoid academic breaches and plagiarism. When you use Turnitin before a submission deadline, you can use the Originality Report feature to compare your work to thousands of other sources (like websites, Wikipedia, and even other student papers). Anything in your work that identically matches another source is highlighted for you to see. When you use this feature before the deadline, you will have time to revise your work to avoid an instance of academic breach/plagiarism.
AssignmentTutorOnline
Turnitin saves paper. When using Turnitin to electronically submit your work, you will almost never have to submit a paper copy.
Late Submissions Using Turnitin
UEL has permitted students to be able to submit their coursework up to 24 hours after the deadline. Assessments that are submitted up to 24 hours late are still marked, but with a 5% deduction. However, you have to be very careful when you are submitting your assessment. If you submit your work twice, once using the original deadline link and then again using the late submission link on Turnitin, your assignment will be graded as late with the 5% deduction.
Turnitin System Failure
Best Advice: Don’t wait until the last minute to submit your assessments electronically. If you experience a problem submitting your work with Turnitin, you should notify your lecturer/tutor by email immediately. However, deadlines are not extended unless there is a significant systems problem with Turnitin. UEL has specific plans in place to address these issues. If UEL finds that the issue with the system was significant, you will receive an email notifying you of the issue and that you have been given a 24-hour extension. If you don’t receive any email that specifically states you have been given an extension, then the original deadline has not been changed.
Feedback and return of work:
Work should be submitted on Turnitin and all feedback will be on Turnitin. This will be released to students on 10th June 2022 at 1700hrs.
You may submit formative work to your seminar tutor by 29th April 2022. Generic feedback will be given to the whole class.