Budgeting and control

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· Individual task

· Students should prepare a Master Budget on Excel and provide an analysis of the financial situation of the company, that will demonstrate a clear understanding of management accounting and the learning objectives discussed in this course.

· Key contextual elements should include management accounting, when it comes to operational budgets, cash budgets, pro forma financial statements and also excel processing.

· Title page, Written Body, along with a Bibliography of any written references, images, or diagrams used (if applicable). NOTE: Formal Written Reports must include a Title Page, Table of Contents, and Appendix of Financial Statements.

· Formal Written Report saved and uploaded to Moodle in PDF format.

Formalities:

· Cover, Table of Contents, References and Appendix are excluded of the total word count.

· Font: Arial 12,5 pts.

· Text alignment: Justified.

· The in-text References and the Bibliography have to be in Harvard’s citation style.

It assesses the following learning outcomes:

· Outcome 1: Examine on how to prepare a master budget based on various assumptions and predictions

· Outcome 2: Demonstrate understanding on how to prepare cash budgets and pro forma income statement and proforma balance sheet

· Outcome 3: Analyze the way in which costs can be managed

· Outcome 4: Demonstrate working knowledge of real-world budget issues using excel

Rubrics

	Exceptional 90-100	Good 80-89	Fair 70-79	Marginal fail 60-69
Knowledge & Understanding (20%)	Student demonstrates excellent understanding of key concepts and uses vocabulary in an entirely appropriate manner.	Student demonstrates good understanding of the task and mentions some relevant concepts and demonstrates use of the relevant vocabulary.	Student understands the task and provides minimum theory and/or some use of vocabulary.	Student understands the task and attempts to answer the question but does not mention key concepts or uses minimum amount of relevant vocabulary.
Application (30%)	Student applies fully relevant knowledge from the topics delivered in class.	Student applies mostly relevant knowledge from the topics delivered in class.	Student applies some relevant knowledge from the topics delivered in class. Misunderstanding may be evident.	Student applies little relevant knowledge from the topics delivered in class. Misunderstands are evident.
Critical Thinking (30%)	Student critically assesses in excellent ways, drawing outstanding conclusions from relevant authors.	Student critically assesses in good ways, drawing conclusions from relevant authors and references.	Student provides some insights but stays on the surface of the topic. References may not be relevant.	Student makes little or none critical thinking insights, does not quote appropriate authors, and does not provide valid sources.
Communication (20%)	Student communicates their ideas extremely clearly and concisely, respecting word count, grammar and spellcheck	Student communicates their ideas clearly and concisely, respecting word count, grammar and spellcheck	Student communicates their ideas with some clarity and concision. It may be slightly over or under the wordcount limit. Some misspelling errors may be evident.	Student communicates their ideas in a somewhat unclear and unconcise way. Does not reach or does exceed wordcount excessively and misspelling errors are evident.