Indicative marking guide
Question 1: LO1 (40%)
A lack of breadth and depth of financial analysis techniques accompanied by incorrect formulae or calculation without appropriate explanation.
Poor layout or presentation in anything other than business report style. Inadequate grammar and lacking in overall knowledgeable synthesis.
Evidence of some financial analysis techniques but with errors of formulae and calculation with insufficient explanation and adequate presentation.
Attempt at a business report format with some supportive appendices. Mainly descriptive with some attempt at synthesis. Grammar and structure being adequate.
Wide range of financial analysis techniques evident and supported by full disclosure of formulae and accurate calculation in a clear format.
Presented in business report format and coherently structured. Supported by referenced appendices. Effective and well-reasoned narrative discussion.
An excellent range of financial analysis techniques which are supported by full disclosure of formulae and accurate calculation in a clear format.
Excellent business report format and well structured. Supported by fully referenced appendices. Excellent analytical and justified explanations showing synthesis and application.
Question 2 and 3 LO2, LO3 and LO4 (60%)
A lack of understanding of management accounting and decision making. Unable to produce the correct format and calculations. Limited or no narrative discussion or recommendations and conclusions. Poor academic writing and referencing.
Ability to apply some management accounting decision making techniques. Demonstrates an adequate understanding of the principles and techniques involved. Reasonable attempt at analysis and discussion of findings, though of limited depth.
A good application of management accounting for decision making. Demonstrates a good understanding of the principles and techniques involved. Good analysis and discussion of findings, with good use of academic references which support clear and well explained conclusions.
Excellent application and understanding of management accounting for decision making. Thorough and detailed critical discussion with excellent use of a range of academic references which support clear, practical, and well explained recommendations and conclusions.