Subject Code : MOD003459
Assignment Task:

WRITING YOUR ASSIGNMENT:

  • This assignment must be completed individually.
  • You must use the Harvard referencing system. ? Your work must indicate the number of words you have used.  Written assignments must not exceed the specified maximum number of words.  When a written assignment is marked, the excessive use of words beyond the word limit is reflected in the academic judgement of the piece of work which results in a lower mark being awarded for the piece of work.
  • Assignment submissions are to be made anonymously. Do not write your name anywhere on your work.
  • Write your student ID number at the top of every page.
  • Where the assignment comprises more than one task, all tasks must be submitted in a single document.
  • You must number all pages.

 

ASSIGNMENT QUESTION:

A potential investor in The Unite Group plc does not understand the performance and position of the business as shown in its Financial Statements for the year ended 31 December 2018.  You have been approached for the following advice:
 
a) Calculate ratios for profitability, liquidity, efficiency and gearing for the years 2018 and 2017.
b) Analyse the performance and position of The Unite Group plc based on the above ratios.
c) Critically analyse the change in Lease accounting rules from IAS 17 Leases to IFRS 16 Leases.

POINTS TO CONSIDER:
  
The total word limit for this assignment is 2,500 words. This is spread between the 3 sections a) to c) in proportion to the marks available. Thus, the word limit for part a) is 750 words part b) 1,000 words and part c) 750 words. The word limit in part a) is notional only, ie; you are required to produce ratios, without any extra accompanying narrative required. You may not transfer any of the word limits in part a) to use in part b) or c).
 
In part a) above:
The calculation of ratios must be shown, not merely the result. 
 
In part b) above:

  • Stating that a ratio has increased or reduced attracts no marks.
  • Stating that a ratio has improved or worsened attracts marks but not a pass mark.
  • Listing generic causes of ratio changes unrelated to Unite is worthy only of a basic pass mark.
  • Identifying specific causes and effects of ratio changes for Unite attracts a good mark.
  • Precise analysis of issues in-depth, placing ratios in context with one another and identifying which issues are significant and which are insignificant attracts an excellent mark.
  • The comments made should demonstrate an understanding of accounting standards.ie; show how accounting standards requirements have contributed to the ratio figures. 

 

In part c) above: 

  • Critically analysis involves exploring, understanding and comparing relationships.
  • Discuss the difference in requirements between IAS 17 and IFRS 16.
  • Comment on the advantages and disadvantages of the new IFRS 16 approach.
  • Use information from Unite Group plc to support your comments.

 

The financial statements of Unite are on pages 108 to 155 of its annual report for the year ended 31 December 2018. Information on other pages of the annual report is not relevant to this assignment. Sections particularly relevant to part c) of the requirements are accounting note 1 on pages 114 to 116, note 3.1 on page 128 and note 4.6 a) & b) on page 145. For all sections, use figures for the group, not merely the parent company.
 
To achieve a pass level mark you must consider approximately 10 ratios spread across the areas of profitability, liquidity and gearing. You must show the calculation of your ratios, not merely the result, including for any earnings per share figure you may chose to calculate. Analysis of ratios should not only compare the ratio for 2018 and 2017 but also suggest valid causes and effects for changes in ratios. You should describe and explain how accounting policies used by Unite affect the performance and position of Unite as shown by the accounting ratios. This will require secondary research.
  
To achieve higher marks, in addition to the requirements to achieve a pass mark, you will need to move beyond generic comments when analysing ratios and identify with greater accuracy the specific issues within Unite relevant to the ratios calculated. The greater placing of facts in context is required.  Additionally, you must evaluate knowledge gathered from a range of academic sources to evaluate Unite compliance with both accounting standards and the Framework, illustrating your points with examples of actual reporting practice at Unite.  Secondary research will, therefore, be required.

 

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  • Posted on : February 14th, 2019

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