University : University College of Estate Management UniLearnO is not sponsored or endorsed by this college or university.
Subject Code : MAN7MFI
Assignment Task:

Learning outcomes

A1 a systematic knowledge and understanding of accounting systems as prescribed by external regulatory bodies

B1 assess, using recognised techniques, the financial strength of a business

B2 evaluate aspects of scientific management in decision making and risk analysis

C1 interpret and communicate statistical information and financial results to support strategic decisions

D1 independently identify, collect, record, manage and analyse financial and statistical data using appropriate methods

Scenario

Assume it is 1 March 2017. Bovis plc and Carillion plc are two of the UK’s largest construction firms. Assume that you are one of the main investors of a portfolio of shares based on the companies quoted on the UK stock exchange. Other people trust you with their investments and you have regular meetings to discuss the direction that the portfolio should take. The ethical stance is very important to all of the members of the group. In the past, you have bought shares in BOTH of these companies and you regularly advise investment in (and divestment of) shares as you try to balance the portfolio. You have been informed that the group feel that the time is right for partial divestment from the construction sector. (You are not required to question this decision. Simply accept that this will happen.) You are required to choose to divest your holdings in either Bovis plc or Carillion plc – but not both. You may not split your decision, i.e. you may not average the divestment over both companies. Your analysis must take into account the financial data you can research that is applicable to this period of time, not afterwards.

Task 1

You must advise the group to divest itself of its holdings in one of two companies: Bovis Homes plc (2016) ‘Annual Report and accounts 2016’ [online]. In your portfolio both investments have approximately the same value as at February 2017. An important consideration for your portfolio is the ethical stance of these two companies. Write a report that: a. advises and explains* to the members of the portfolio group which company’s shares to sell. This part of the report should be a full financial analysis of the accounts of the companies concerned. Remember that many of the members are amateur investors so your report needs to explain technical terms and ratios succinctly and persuasively. *All calculations are to be shown in an appendix to this report i.e. KPIs cannot be cut and pasted, they must be calculated and the workings shown. (Word count: approximately 1,400–1,750 words) b. justifies the decision in part a above on ethical grounds. In this section you must fully justify your decision by citing the evidence that was applicable at the time of the 2016 annual report. (Word count: approximately 200–250 words.)

Task 2

It is now the present day (2019). As most people will be aware Carillion plc was liquidated in 2018 in the largest ever liquidation in UK trading history. Whether you have chosen to sell Carillion shares or not. Write an update to the report that was written in Task 1 to explain what was wrong with the accounts as presented in 2017 and what if anything could have been done to protect the shareholders. (Word count: approximately 400–500 words.) Reference list and bibliography You should include a reference list with relevant and appropriate sources that you have written about and cited within your work. You should also include a bibliography list with separate relevant and appropriate sources that have influenced your thinking but are not cited in your work.


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  • Posted on : July 04th, 2019

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