Bachelor of Accounting (Hons) Year 2 Trimester 1123

ACADEMIC YEAR 2016/2017

MAY 2016 TRIMESTER

BACHELOR OF ACCOUNTING (HONS)

YEAR 2 TRIMESTER 1

UKFF1023 FINANCIAL MANAGEMENT FUNDAMENTALS

TUTORIAL (Question)

Tutorial 1

• Refer to Unit Plan, brief the students on learning objectives and learning outcomes of this unit.

• Refer to Unit Plan, remind students on coursework assessment (mid-term test and group assignment). Mid-Term Test will be held in Week 7 covering Topic 1 to 4 (25 multiple-choice questions).

• Arrange the students into assignment groups (minimum 4 and maximum 5 in a group). Register their groupings on a list. Assignment groups within the same tutorial cannot choose the same listed company.

• Brief the students on what are expected from them in assignment. Assessment criteria are stated on mark sheet attached to the assignment handout. Remind the students about the required format and must attach the mark sheet after the cover page of their assignment. Due date for assignment is Week 9.

• Inform the students that they need to prepare and answer all the tutorial questions before they attend tutorial class. Students are required to present their answers to tutorial questions. Poor presentation and insufficient efforts in preparation will result in penalty marks deducted from group assignment at the discretion of lecturer and tutor.

Tutorial 2 (Topic 1)

An Overview of Financial Management

Question 1

Identify the primary characteristics of each form of legal organization.

(a) sole proprietor; (b) partnership; (c) corporation

Question 2

Using the following criteria, specify the legal form of business that is favoured:

(a) organizational requirements and costs

(b) liability of the owners

(c) continuity of business

(d) transferability of ownership

(e) management control and regulations

(f) ability to raise capital

(g) income taxes

Question 3

What are some of the problems involved in the use of profit maximization as the goal of the firm?...