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Coursework: Future of Banking (Digital Transformation)

Write a coursework on future of banking. Cover strategies using for the implementation of specific field of banking

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Accounting Assignment

ASSIGNMENT INSTRUCTIONSAssessment Report Assessment code: 011 Academic Year: 2017/18 Semester: 2 Module Title: Business Finance Module Code: MOD003319 Level: 4 Weighting: 50% Word Limit: 2,500 Assessed Learning Outcomes Submission Deadline:3, 4 This assignment must be received by no later than 14:00 on Friday, 11 May 2018Page 1 of 4WRITING YOUR ASSIGNMENT:  This assignment must be completed individually.  You must use 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 (regulation 6.70).  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. SUBMITTING YOUR ASSIGNMENT: In order to achieve full marks, you must submit your work before the deadline. Work that is submitted late – up to five working days after the published submission deadline - will be accepted and marked. However, the element of the module’s assessment to which the work contributes will be capped with a maximum mark of 40%. Work cannot be submitted if the period of 5 working days after the deadline has passed (unless there is an approved extension). Failure to submit within the relevant period will mean that you have failed the assessment. ASSIGNMENT QUESTION TownScape Plc is an international manufacturer of street furniture. This includes benches, litter bins, cycle racks, street bollards and bus shelters. The company produces about 80 different products. TownScape has been operating for 15 years and had revenues last year of £150 million. It was listed on AIM 5 years ago and has a market capitalisation of £120 million with debt of £25 million. Dilip is the CEO and owns 25% of the shares in TownScape. The company headquarters is located on an estate near Watford which accommodates 35 staff including management, sales, finance, HR and administration. It has a design and manufacturing operation in Northampton where it employs 85 staff in a mainly automated manufacturing facility with onsite storage/warehousing. The company has recently concluded new and revised contracts worth up to £35 million with 15 local authorities. This followed a highly regarded pilot scheme carried out with a local police force known as “Target Hardening and Place Making for Teenagers in the Urban Environment”. This will lead to rollout in 2019 of 15 new products designed to discourage anti-social behaviour in urban areas. Additional plant and manufacturing capacity will be needed during 2018. Currently around 65% of TownScape’s sales are in the UK, 30% to other EU countries, and the remainder outside the EU. In anticipation of the UK leaving the EU, Dilip wants to step up efforts to market into the Gulf, North America and the Far East, especially China.Page 1 of 4TownScape has always used a traditional budgeting system. The Finance Director, Rebecca, joined 3 years ago but is concerned that this approach might not be the most appropriate when such significant changes may affect the company in the coming years. However, if a change of budget approach is going to be made, she thinks it should happen in time for the 2019 budget process. That way any “bugs” can be ironed out before the company goes through more significant changes in the following years. She is also conscious that Dilip is currently focused on a lot of issues and a change of budget method is not one of them. If she is to get approval she needs to make a clear effective argument. Requirements: Prepare a report of no more than 2,500 words communicating the following issues:Part 1 i. An understanding of the purposes of preparing a budget; what processes the company needs to follow; and how the budget process itself can help development of the business model. (25 marks)Page 1 of 4ii. Considering what are the important cost drivers for this business, identify the specific areas where cost budgeting will be important. Demonstrate the application of traditional budgeting approaches (including incremental budgeting) to plan future cost management for this specific business. (10 marks) iii. Analysing whether a traditional budgetary system is appropriate to all or any parts of the business in its planned future form (15 marks) Part 2iv. An understanding of the following alternative budget methods: rolling budgets, zero based budgets and activity based budgets. Explain how each method attempts to improve on the traditional approach and what their respective drawbacks might be(25 marks) v. The potential application of these methods to the company giving specific examples of how some elements of budgeting could be performed more effectively using an alternative method (10 marks) vi. Analysing whether one of these methods (or a combination) would be more appropriate to the company (15 marks) (Total marks: 100)ASSESSMENT CRITERIA This assignment requires you to demonstrate your knowledge and understanding of the nature and purpose of traditional and alternative budgetary systems. Your answer for Part 1 of the assignment should focus on the role of budgets in the context of planning and control. Your answer must identify and explain traditional budgetary systems such as incremental budgets and, subsequently, discuss the advantages and disadvantages of traditional budgetary systems in the context of this particular business and its market environment. Your answer for Part 2 should focus on alternative budgetary methods which have evolved in the modern era. You should focus on alternative systems such as ZBB, ABB and rolling budgets, and discuss how they work. Your answer should provide a breakdown of the advantages and disadvantages relating to each system identified. You should ensure that your answers make specific reference to the business under discussion, especially in topics ii) and v), which test your ability to apply your knowledge. Note that, although you are not expected to show any specialist knowledge of thePage 1 of 4sector in which the company operates, credit will be given for evidence that you have considered what issues might be specific to this company in particular. High quality answers will consider the implications of the change of strategy within the business.Page 1 of 4READING LIST Your answers should be supported by the reading material provided on the VLE. It should referenced using the Harvard guidelines. You should only use these texts for your work; it is not acceptable to ignore this reading list as it has been specifically chosen to provide the right texts for the discussion. Do not conduct alternative research on the internet. NOTES Your answer must not be solely descriptive in nature; it should provide clear evidence of understanding, application and analysis of the issues under consideration. You should assume that your reader has some experience in finance and management but is uninformed on the particular topic; for instance, in i) you do not need to explain what a budget is, but you do need to show what its purpose is for this business. Your reports should begin with a concise and relevant Executive Summary of no more than 100 words for each part. An additional Introduction is not needed. The Executive Summary and References do not count towards the word limit. The contents of tables and footnotes are also excluded but it is recommended that their use should be kept to a reasonable level and be properly explained in the body of the text. Your work should be expressed clearly and fluently using a style of writing appropriate to the subject area. Sentences and paragraphs need to be relevant, well-structured and incorporate the correct terminology. Ideally, there should be no errors of spelling, punctuation or grammar. To achieve a pass mark you must ensure that you correctly identify and explain the underlying concepts and theories relevant to the assignment. To achieve higher marks, in addition to the requirements to achieve a pass mark, you will need to display application of knowledge and analytical skills. Answers should follow the order of the tasks set out above and the word count allocation to each section should broadly reflect the spread of marks. Avoid exceeding the word count.I need both excel and word document

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Assignment: Strategic Environment Analysis on the Fast Foods Sector - Part I

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Write an assignment on The Cold War that was began just after the Second World War.

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Project Proposal - Advanced Online Reservation

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Media’s Role and Education 2

Chapter 2- MEDIA ROLE& EDUCATION ADD 5 PAGES.. LIKE GROWTH OF MADRASA DUE TO POVERTYAS POOR STUDENTS COME TO MADRASAS AND IT CAUSES MILITANCY AND TERRORISM ..

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Literature Review: Forensic Accountants as Reactive and Proactive

This is a literature review written on the topic Forensic Accountants as Reactive and Proactive. The reactive and proactive roles of forensic accountants is changing in the recent world.

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Article Analysis: Sustainable Management Futures

Conduct Article Analysis on Sustainable Management Features. Analysis will be conducted on two different parts. First one is on Prime Minister David Cameron Free Markets Perspective and second one is on Milton Friedman’s and Norman Bowie’s CSR.

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Media’s Role and Education 3

Chapter 3- (PAGE111) SUMMARY OF CHAPTER 2 IS HARDLY OF ONE PAGE IT SHOULD BE OF 3 PAGES COVERING WHOLE CHAPTER

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Media’s Role and Education 1

Chapter-1-Relationship between the State, Media and Religion in Pakistan ...ADD 4--5 PAGES ESP. ABOUT MEDIA IN COHERENCE TO MAKE IT MORE RELEVANT TO THESIS TOPIC

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Assignment: Trends in Mobile Marketing

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Discussion: Planning and Providing Adult Education

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