ASSIGNMENT FRONT SHEET

Unit: 9 MANAGEMENT ACCOUNTING : COSTING AND BUDGETING

Learning Hours: 60 Hours. Course: HND Business Level 4 CREDIT VALUE: 15 CREDITS Term:
Self-learning hours: 90 hours.
Module Leader: Mr Saheed Ayinde Lecturer: Internal Verifier: Mr
ASSIGNMENT TITLE: Business Decision Making

Learners Name Term: Batch: Intake:

Registration Number Campus:
Hand out Date: Submission Date:
Learning Assessment In this assessment you will have the Task Evidence Page
Outcome Criteria opportunity to present evidence that shows Number number
you are able to:
LO 1: Be able to use a variety of sources for the 1.1 Create a plan for the collection of primary 1
collection of data, both primary and secondary and secondary data for a given business
problem
1.2 Present the survey methodology and 1
sampling frame used
1.3 Design a questionnaire for a given business 1
problem
LO 2: Understand a range of techniques to 2.1 Create information for decision making by 2
analyse data effectively for business purposes summarising data using representative
values
2.2 Analyse the results to draw valid 2
conclusions in a business context
2.3 Analyse data using measures of dispersion 2
to inform a given business scenario

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 2.4 Explain how quartiles, percentiles and the 2
correlation coefficient are used to draw
useful conclusions in a business context
LO 3: Be able to produce information in 3.1 Produce graphs using Spreadsheets and 3
appropriate formats for decision making in an draw valid conclusions based on the
organisational context information derived
3.2 Create trend lines in spreadsheet graphs to 3
assist in forecasting for specified business
information
3.3 Prepare a business presentation using 3
suitable software and techniques to
disseminate information effectively
3.4 Produce a formal business report 3

LO4: Be able to use software-generated 4.1 Use appropriate information processing 4

information to make decisions in an tools
organisation 4.2 Prepare a project plan for an activity and 4
determine the critical path
4.3 Use financial tools for decision making. 4

Please see that you include the Turnitin report. Report attached: Yes If no Reason: % of the turn it in report.
This work will not be accepted without the No
Turn it in report.
Learners Declaration: I certify that the work submitted for this unit is my own and the research sources are fully acknowledged.
Learners Signature: Date:
Plagiarism:
Any act of plagiarism will be seriously dealt with according to the colleges and awarding bodies regulations. In this context the definition and
scope of plagiarism are presented below:

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 Plagiarism is presenting someones work as your won. It includes copying information directly from the web or books without referencing
the material; submitting joint coursework as an individual effort; copying another students coursework; stealing coursework form another
student and submitting it as your own work. Suspected plagiarism will be investigated and if found to have occurred will be dealt with
according to the college procedure. (For further details please refer to the plagiarism policy and the student code of conduct.)

Due Dates
Issue Date Final Due Date
Due Task- 1 Final due date where e-learning will be blocked for JUNE 2015 intake
Due Task- 2
Due Task- 3
Due Task - 4
Assignment Guidelines:
Use a standard report structure, Word-process the report and use Normal script of a proper font size 12.
Produce an academic report, detailing the above issues with an approx. word limit of 4000 to 4500 words.
Complete the title page and sign the statement of authenticity.
The Assignment sheet should be attached in the front.
Submit the document in a folder in the form of a file as well as a soft copy on the submission date.
It should be uploaded on E-Learning platform before the deadline and dropped into the drop box at your relevant campuses and get the -------- and collect the receipt
of the submission form at the college.
Assignments submitted after the deadline will not be accepted unless mitigating and may be entitled for a late fee.
Collusion and Plagiarism must be avoided.
Start each answer on a new page and pages should be numbered. Highlight each question clearly.
Include a Bibliography at the end of the assignment and use the Harvard referencing system.
All work should be comprehensively referenced and all sources must be fully acknowledged, such as books and journals, websites (include the date of visit), etc.
Try to give the page numbers, publishers' details and the year of publication
In order to pass you need to address all the LO
In order to get a merit you need to address the characteristics of pass and address M1, M2,M3
In order to get a Distinction you need to address the characteristics of pass, merit and address D1, D2 and D3.
Use a common format for the questions, for example:
Introduction (analyse the question.)

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 Underpinning Knowledge (write about the relevant theory/points)
Applied knowledge(Data Analysis)
Conclusions and Recommendations (summarizing the whole scenario keeping in view pass, merit, distinction criteria.)

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Guidance in addition to the Pass criterias, this assignment gives you the opportunity to submit evidence in
order to achieve the following Merit and Distinction grades. Assessment Grid indicating their pass, merit
and distinction:
Unit: Management accounting
Outcomes/criteria: Indicative characteristics Contextualised Feedback
P1. Be able to analyse cost As per the assessment criteria Task 1
information within the business specified for pass
P2. Be able to propose methods to Do Task 2
reduce costs and enhance value
within the business
P3. Be able to prepare forecasts Do Task 3
and budgets for a business
P4. Be able to monitor Do
performance against budgets
within the business. Task 4

Merit grade Description: Contextualisation

M1. Identify and apply strategies to . Effective judgments have been made. To achieve M1 you will make effective judgements (1.2, 2.3)
find appropriate solutions. . An effective approach to study and and show that an effective approach to the study and
research has been used. research has been used across your assignment.

M2. Select/ design and apply
appropriate methods/ techniques.
A range of methods and techniques
have been applied.
Complex information/data have been
synthesized and processed.
To achieve M2 you will use a range of methods and
techniques (Task 2) and see that the complex data has been
synthesized and processed. (3.1, 3.2, 3.3)

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M3. Present and communicate
appropriate findings.
Distinction Grade Description:
D1. Use critical reflection to
evaluate own work and justify
valid conclusion.
D2. Take responsibility for
managing and organizing
activities.
D3. Demonstrate convergent,
lateral and creative thinking
. Appropriate structure has been used.
. Technical language accurately used.
. A range of methods of presentation
has been used.
. Synthesis has been used to generate
and justify valid conclusions
. Evaluation has taken place using
defined criteria Realistic improvements
have been proposed against defined
characteristics
The importance of interdependence has
been recognized.
Ideas generate and decisions taken.
Lateral thinking have been applied.
Capacity for innovation and creative
thought has been used.
Receptiveness to new ideas has
demonstrated.
To achieve M3 you will present and communicate
appropriate findings with appropriate structure (3.1, 3.2, 3.3,
4.2). You have addressed the PowerPoint presentation with
report for task 2.
Evidence of synthesis with valid conclusions (2.2, 2.4).
Evaluation has taken place using the defined criteria (1.2, 1.3,
and 2.4)
Realistic improvements have been proposed against defined
characteristic (2.1, 2.4)
To achieve D2 you will have demonstrated autonomy across
your assignment, with effective independent research and
met the deadlines to submit all the tasks and achieve the unit
assessment criteria and an interdependence with each
learning outcome has been demonstrated
Your work demonstrates new ideas or suggestions towards
the assigned tasks and your research shows some creative
thinking and receptiveness to new ideas across the
assignment making it look different and creative.
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Assignment Brief
Unit number and title Unit 6: Business Decision Making

Qualification Pearson BTEC Level 5 HND Diploma in Business

Start date
Deadline/hand-in
Assessor

Assignment title REPORT

Purpose of this assignment

For this assignment you need to produce a report. You are required to use variety of sources for
the collection of data, have range of techniques to analyse the data, produce information in
appropriate formats for decision making and use appropriate software-generated information.

Scenario

It is commonly said, that in business, success comes to the people who get the big decisions right.
Making good decisions, however, isnt easy. To make better business decisions, you must talk to
the people who are affected by a decision and take into account their views, but before then, you
must first develop the skills to ask the right questions and gather and analyse enough relevant
information to be confident about the decision.

A good decision must also consider an appraisal of the investment to provide a benefit in future.
The present value of anticipated return, the expected rate of return from the investment, and the
effects on the pace of growth of a business are some of the financial considerations to be analysed.
Investment decisions are extremely important because they are concerned with the future
survival, prosperity, and growth of the business.

London is one of the most exciting and dynamic cities in the world. It is a city combined with
commerce and culture, and a business friendly city. These are just few evidences of great
opportunities businesses can enjoy in London. A restaurant chain planned to open its second
restaurant in London. To ensure this is a viable move, the shareholders are keen to understand
the market. Therefore you are asked to carry out a planned data collection and data analysis to
help the board of directors in understanding the customer preferences including price, taste, and
location preferences.

Learners should choose from the restaurants listed below, and use the principles and techniques
of business decision making to carry out the planned data collection and data analysis in order to

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help the board of directors in understanding the customer preferences, and to help them in taking
profitable decision.

1) Blackfriars Restaurant

2) Food for Friends

3) Murano

4) Balti Palace

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Task 1(LO 1: 1.1, 1.2, 1.3 and LO 2:2.1, 2.2, 2.3) (M1, D1, D2)

Report on Data Collection and Analysis, In this report;

Create a plan for the collection of primary and secondary data for a given business
problem (AC 1.1)
Present the survey methodology & sampling frame used (AC 1.2)
Design a questionnaire to collect data and provide a justification for its design.
Questionnaire should have between 10 12 questions and must contain: Yes or No
questions, multiple choice, rating and ranking, and an open-ended question (AC 1.3)
Collect data and summarise the collected data using representative values, and analyse the
results to draw valid conclusions in a business context. You will need to carry out suitable
calculations (mean, median, mode) to draw useful and realistic conclusions and provide
valid recommendations (AC 2.2).
Analyse the collected data using measures of dispersion (2.3). You must be able to use the
analysis to inform and support decision making. Your calculations must include standard
deviation (for AC 2.3), quartile, percentiles and the correlation coefficient, and explain how
these calculations helped you to draw useful conclusions (AC 2.4)

To achieve M1, have effective judgements and approach in using variety of sources for the
collection of data and range of techniques to analyse data effectively.

To achieve D1, justify conclusions through synthesis of ideas and propose realistic improvements
for the collection of data and range of techniques to analyse data effectively.

To achieve D2, properly manage activities in using variety of sources for the collection of data
and range of techniques to analyse data effectively.

Task 2 (LO 3: 3.1, 3.2, 3.3, 3.4) (M2,M3)

Prepare a Business Presentation (AC 3.3) and a formal Business Report (AC 3.4) to disseminate
information effectively which include;

Produce graphs using Spreadsheets and draw valid conclusions based on the information
derived. You must use spreadsheet software for all calculations and incorporate graphs
and charts to clearly and effectively present the findings. (AC 3.1)

Create trend lines in graphs to assist in forecasting for specified business information (AC
3.2). For example, this may include peoples eating behaviours overtime and preferences

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 against seasonal changes.

To achieve M2, apply and justify learning methods/techniques, synthesise and process complex
information to produce information in appropriate formats in decision making and in using
software-generated information

To achieve M3, you need to use range of methods of presentation, have accurate technical
language and appropriate communication to produce information in appropriate formats in
decision making and in using software-generated information.

To achieve D3, incorporate your previous knowledge to produce information in appropriate

formats in decision making and in using software-generated information.

Task 3 (LO 4: 4.1, 4.2, 4.3) (M3, D3)

The restaurant owners are considering whether to invest 190,000 on a second restaurant in
London in order to obtain profits as follows.

Year

1 50,000
2 64,000
3 58,000
4 70,000

The company requires a return of 12% per annum

- Use appropriate information processing tools to prepare a project plan and identify some
of the main activities involved in getting the restaurant ready for business, and determine
the critical path. Activities may include: searching for the right location; restaurant lay out
decision (AC 4.1, 4.3).

- Use financial tools for decision making (AC 4.2). The financial tool for decision making
must include the calculation of discounted cash flow of NPV and IRR to evaluate the
financial viability of the proposed recommendations.

To achieve M3, you need to use range of methods of presentation, have accurate technical
language and appropriate communication to produce information in appropriate formats in
decision making and in using software-generated information.

To achieve D3, incorporate your previous knowledge to produce information in appropriate

formats in decision making and in using software-generated information.

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 Achievement Summary
The Following Sections to be completed by the assessor:
Centre Name: Regent HE
Campus:
Centre Number:
Please note that the assessors signature below denotes conformation that he/she has in
no way influenced the outcome of the assessment:
Assessors Name:
Assessors Signature:
Learners Name (to be filled by the
Assessor)
Intake: Batch: Term: Campus:

Learners Edexcel Reference Number

Has the unit been Internally Verified? Y/N

Date of verification:
Name of the Internal Verifier:
Internal verifiers signature:
If Sampled ,Internal verifiers comments on the assignment brief:

Evidence Summary of the evidence required by the Evidence presented

Checklist student
Task 1
Task 2
Task 3
Task 4
Unit Outcomes
Outcome Evidence for the criteria to pass, merit Assessors Internal
and distinction as specified in the decision verification
student feedback and contextualised. decision. (agree,
disagree)
TASK 1
You are required to choose a restaurant among the given options in the scenario and carry out a
planned data collection and data analysis to help the board of directors in understanding the
customer preferences before opening second restaurant in London. You should use supportive
materials like books, websites, etc., and give a report of the findings on AC 1.1, 1.2, 1.3. The answers
need to be reflected to the restaurant and survey questions chosen for this task.

LO 1. Be able to use AC 1.1 create a plan for the collection of P1.1 (P,M,D) P1.1
a variety of sources primary and secondary data for a given (P,M,D)
for the collection of business problem

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data, both primary AC 1.2 present the survey methodology P1.2 P1.2
and secondary and sampling frame used (P,M,D) (P,M,D)
AC 1.3 design a questionnaire for a P1.3 P1.3
given business problem (P,M,D) (P,M,D)
Contextualised
Feedback for Task
1(reflecting 1.1, 1.2,
1.3, Pass merit and
distinction.)
IV comments
towards
Task 1

TASK 1
You are required to choose a restaurant among the given options in the scenario and carry out a
planned data collection and data analysis to help the board of directors in understanding the
customer preferences before opening second restaurant in London. You should use supportive
materials like books, websites, etc., and give a report of the findings on AC 2.1, 2.2, 2.3, 2.4. The
answers need to be reflected to the restaurant and survey questions chosen for this task.

LO 2. Understand a AC 2.1 create information for decision P2.1 P2.1

range of techniques making by summarising data using (P,M,D) (P,M,D)
to analyse data representative values
effectively for
business purposes AC 2.2 analyse the results to draw valid P2.2 P2.2
conclusions in a business context (P,M,D) (P,M,D)
AC 2.3 analyse data using measures of P2.3 P2.3
dispersion to inform a given business (P,M,D) (P,M,D)
scenario
AC 2.4 explain how quartiles, P2.4 P2.4
percentiles and the correlation (P,M,D) (P,M,D)
coefficient are used to draw useful
conclusions in a business context
Contextualised
Feedback for Task
2(reflecting 2.1, 2.2,
2.3, 2.4, Pass merit
and distinction.)
IV comments
towards
Task 2
TASK 2
You are required to prepare a Business Presentation and a formal Business Report to disseminate
information effectively to relevant users of the information. These should cover AC 3.1, 3.2, 3.3, and
the answers need to be reflected to the restaurant chosen for this task.

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LO 3. Be able to AC 3.1 produce graphs using P3.1 P3.1
produce spreadsheets and draw valid conclusions (P,M,D) (P,M,D)
information in based on the information derived
appropriate formats AC 3.2 create trend lines in spreadsheet P3.2 P3.2
for decision making graphs to assist in forecasting for (P,M,D) (P,M,D)
in an organisational specified business information
context A 3.3 prepare a business presentation P3.3 P3.3
using suitable software and techniques to (P,M,D) (P,M,D)
disseminate information effectively
AC 3.4 produce a formal business report P3.4 P3.4
(P,M,D) (P,M,D)

Contextualised
Feedback for Task
3(reflecting 3.1, 3.2,
3.3, 3.4, Pass merit
and distinction.)
IV comments
towards
Task 3
TASK 3
You are required to use appropriate information processing tools to prepare a project plan
identifying some of the main activities involved in getting the restaurant ready for business, and
then determine the critical path. You will also need to use financial tools for decision making to
achieve this LO 4 - AC 4.1, 4.2, 4.3. The financial tool for decision making must include the
calculation of discounted cash flow of NPV and IRR to evaluate the financial viability of your
proposed recommendations. The answers need to be reflected to the given assignment brief
scenario.

LO 4. Be able to use 4.1 use appropriate information P4.1 P4.1

software-generated processing tools (P,M,D) (P,M,D)
information to AC 4.2 prepare a project plan for an P4.2 P4.2
make decisions in activity and determine the critical path (P,M,D) (P,M,D)
an organisation AC 4.3 use financial tools for decision P4.3 P4.3
making. (P,M,D) (P,M,D)
Contextualised
Feedback for Task
4(reflecting 4.1, 4.2,
4.3, Pass merit and
distinction.)
IV comments
towards
Task 4
Merit grades M1 M2 M3 P1 P2 P3 P4
awarded

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Distinction D1 D2 D3 Resubmit :
grades awarded
Any other comments

Grade given by the Assessor:

Pass Merit Distinction
Assessors Signature: Date:
IV Grading Check: Comments if any:
Agree
Disagree Modify grade to
IV signature:
Date:
Students feedback:

Student Signature: Date:

Plagiarism:
Any act of plagiarism will be seriously dealt with according to the colleges and awarding bodies
regulations. In this context the definition and scope of plagiarism are presented below:
Plagiarism is presenting someones work as your won. It includes copying information directly
from the web or books without referencing the material; submitting joint coursework as an
individual effort; copying another students coursework; stealing coursework form another student
and submitting it as your own work. Suspected plagiarism will be investigated and if found to have
occurred will be dealt with according to the college procedure. (For further details please refer to the
plagiarism policy and the student code of conduct.)

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