Programme:

Unit Title: Business Simulation 1

Assessor: Paul Mathers Steve Rider

Assignment Title: Business Simulation I

|Date Set: |Week commencing 4/2/13 |Interim Tutorials: |Date for looking at work in |
| | | |progress (option) |
| | |Submission Date: |Wednesday 17 April 2013 |

|ASSIGNMENT DESCRIPTION: |ASSIGNMENT WEIGHTING: |40 % |
|A written business report of no more than 2000 words appraising the performance of a new business set up by the student, with |
|recommendations for future improvement and developments. |

|TASK LIST: |
|To complete this assignment you will need to: |
| |
|Task Setting up a Business to end of year 1 |
|You are to set up and run a business using SimVenture software for 12 Months, using the “moderate” setting. You initial capital is |
|to be £25000 of your own money. In this assignment you will be required to prepare a 12 month business review, which must include |
|the following: |
| |
|Section 1: The background to your business [30 Marks in Total] |
|Introduction [5 marks] |
|Chairman’s statement [5 marks] |
|Company mission statement [5 marks] |
|Overview of product/service, and a review of potential changes to be made [10 marks] |
|A review of the relationship between the business and its stakeholder groups. [5 Marks] |
| |
|Section 2: Financials Section [40 marks In Total] |
|12 month Income statement with commentary [10 Marks] |
|Balance sheet as at the end of the year, with commentary [5 Marks] |
|Cash flow statement, with commentary [5 marks] |
|Budgets as appropriate including project capital budgets [10 Marks] |
|Appropriate financial ratios, and an assessment of their value |
|[10 Marks] |
|