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Unit 2 Finance And Funding In The Travel And Tourism Sector

This is a solution of Unit 2 Finance And Funding In The Travel And Tourism Sector that describes about Developing business

Unit 2 Finance And Funding In The Travel And Tourism Sector

Unit 2 Finance And Funding In The Travel And Tourism Sector

Introduction

The aim of this unit is to help learners acquire knowledge, skills and techniques that will assist with management decision-making processes. The unit looks at the importance of costs, volume and profit for business management decision making in travel and tourism and the process and analytical skills needed to understand financial information. Thus the majority of this unit considers financial practices at the micro level, ie within a travel and tourism business. However, it also considers issues at the macro level, ie funding arrangements for tourism project development.

The unit is designed for learners working towards a career at the supervisory/management level in the travel and tourism sector. As a result of studying this unit they will gain a basic understanding of financial systems and practices. This unit is not intended to be an in-depth accountancy unit and should be delivered with this in mind.

Aim:

This unit enables learners to gain understanding of costs, volume, and profit, management accounting information, and sources and distribution of funding in travel and tourism, and gain skills to interpret financial accounts.

Key Objectives:

Explain the importance of costs, volume and profit for management decision making in travel and tourism

Explain how management accounting information is used as a decision-making tool in travel and tourism businesses

Interpret financial accounts to assist decision making in travel and tourism businesses

Identify Sources and distribution of funding for public and non-public tourism development.

Learning Outcomes and assessment criteria:

On successful completion of this unit a learner will:

  1. Understand the importance of costs, volume and profit for management decision making in travel and tourism

Costs: direct costs, indirect costs, fixed costs, variable costs, allocation and apportionment

Volume: break-even analysis, economies of scale, diseconomies of scale

Profit: pricing methods to achieve a profit eg cost-led, market-led, cost-plus pricing, contribution, absorption, marginal costing, top down, return on investment; reasons for making a profit, definition of profit, type of business; factors influencing profit eg seasonal variations, political environment, economic environment, social environment, current trends, bad debts, planning, staff

  1. Understand the use of management accounting information as a decision-making tool in travel and tourism businesses

Management accounting information: financial statements, budgets, variance analysis, forecasts, MIS

Decision-making tool: comparison with trends, forecasting, investment, raising capital, new products and services, current issues, against set criteria eg profitability, solvency, meeting budgets, meeting objectives

  1. Be able to interpret financial accounts to assist decision making in travel and tourism businesses

Financial accounts: methods used to interpret financial accounts e.g. cash flow statement, trading account, profit and loss account, balance sheet of a typical travel and tourism related business

Measure financial performance: measure e.g. current ratio, acid test ratio, return on capital employed, capital gearing, return on net assets, debtors’ collection period, creditors’ payment period, ratio of administration costs to sales, net profit per cent, gross profit per cent, stock turnover ratio as practised by businesses in the travel and tourism sector

  1. Understand sources and distribution of funding for public and non-public tourism development.

Sources: role of Department of Culture, Media and Sport e.g. National Lottery Commission; Office of Deputy Prime Minister eg European Social Fund, Regional Development Fund; sources and disbursement of funding through the Non-Governmental Public Bodies (NGPB)

Capital projects: projects e.g. Tourism Information Points, Interpretation Boards, small scale tourism/environmental improvement with associated interpretation, development of small-scale heritage sites with interpretation and information, integrated footpath development and improvement, integrated bridleways development and improvement, cycle route development and improvement, provision of secure cycle storage, Pedestrian Fingerposts

Non-public funding: funding e.g. debt funding, equity funding and government funding

Learning Outcomes and assessment criteria

LO1 Understand the importance of costs, volume and profit for management decision making in travel and tourism

1.1  explain the importance of costs and volume in financial management of travel and tourism businesses

1.2 analyse pricing methods used in the travel and tourism sector

1.3  analyse factors influencing profit for travel and tourism businesses

LO2 Understand the use of management accounting information as a decision making tool in travel and tourism businesses

2.1 explain different types of management accounting information that could be used in travel and tourism businesses

2.2 assess the use of management accounting information as a decision-making tool

LO3 Be able to interpret financial accounts to assist decision making in travel and tourism businesses

3.1  interpret travel and tourism financial accounts

LO4 Understand  sources and distribution of funding for public and non-public tourism development

4.1  analyse sources and distribution of funding for the development of capital projects associated with tourism

Programme Specification

Accrediting Body:  EDEXCEL

Course: BTEC HND IN TRAVEL AND TOURISM

Unit 2:  Finance and Funding in the Travel and Tourism Sector

Wk Lecture Schedule Outcome of session

 

Activity/seminar and formative assessment Resources
1

 

Introduction to the module,

Introduction to organisational behaviour

 

Introduction to the module, mode of assessment, awareness of the awarding body, assessment criteria and the mode of assessment. Background of the expectations of the awarding body. Module handbook.
2

 

 1.1 explain the importance of costs in financial management of travel and tourism businesses

 

After completing this session learners are expected to be able to:

explain the importance of direct, indirect, fixed and variable costs, allocation and apportionment of overheads.

Group discussion, Question and answer, Case study   Lecture notes
3

 

  1.1 explain the importance of volume in financial management of travel and tourism businesses

(1.1)

After completing this session learners are expected to be able to explain the importance of break-even analysis, economies of scale, diseconomies of scale Group discussion, Question and answer, Case study addressing learning outcome 1.1
4

 

 1.2 analyse pricing methods used in the travel and tourism

sector

(1.2)

After completing this session learners are expected to be able to  analyse pricing methods to achieve a profit eg cost-led, market-led, cost-plus pricing, contribution, absorption, marginal costing, top down, return on investment; Group discussion, Question and answer, Case study Trail Finder, TUI Travel, Thomas Cook

addressing learning outcome 1.2

Power point slides

TUI Travel, Trail Finder and Thomas Cook brochures,

5

 

1.3 analyse factors influencing profit for travel and tourism

businesses  (1.3)

After completing this session learners are expected to be able to  explain reasons for

making a profit, definition of profit, type of business; analyse factors influencing profit eg seasonal variations, political environment, economic environment, social environment, current trends, bad debts, planning, staff

Group discussion, Question and answer, Case study addressing learning outcome 1.3. Power point slides

 

6

 

Explain different types of management accounting information that could be used in travel and tourism businesses

(2.1)

After completing this session learners are expected to be able to explain the different types of management accounting information such as financial statements, budgets, variance analysis, forecasts, MIS Group discussion, Question and answer, Case study addressing learning outcome 2.1. Power point slides

Lecture notes

7

 

Explain different types of management accounting information that could be used in travel and tourism businesses

(2.1)

After completing this session learners are expected to be able to explain the different types of management accounting information such as variance analysis, forecasts, MIS Discussion and addressing learning outcome 2.1 Power point slides  Lecture notes
8

 

  Assess the use of management accounting information

as a decision-making tool  (2.2)

 

After completing this session learners are expected to be able to assess the use of management accounting information to support decision-making such as: comparison with trends, forecasting, investment, raising capital, new

products and services, current issues, against set criteria eg profitability, solvency, meeting

budgets, meeting objectives

Group discussion, Question and answer, Case study addressing learning outcome 2.3. Case study and power point slides.

 

9

 

Explain the methods used to interpret financial accounts of a typical travel and tourism related business After completing this session learners are expected to be able explain methods used to interpret financial accounts such as cash flow statement, trading account, profit and loss account, balance sheet of a typical travel and tourism related

Business

Samples of financial statements for different travel and tourism businesses

Group discussion

Question and answer,

Case study and power point slides.
10

 

Interpret travel and tourism financial accounts  (3.1) After completing this session learners are expected to be able to measure financial performance of a travel and tourism business using different measures such as current ratio, acid test ratio, return on capital employed, capital gearing, return on net assets, debtors’ collection period, creditors’ payment period, ratio of administration costs to sales, net profit per cent, gross profit per cent, stock turnover ratio Group discussion, Question and answer, Case study addressing learning outcome 3.1. Annual reports for Thomas

power point slides,

11

 

Interpret travel and tourism financial accounts (3.1) After completing this session learners are expected to be able to analyse and interpret different  travel and tourism financial accounts  Practical activity, in class presentation addressing learning outcome 3.1.

Question and answer

Case study and Annual reports for TUI Travel, Thomas Cook, International Airlines Group,

power point slides,

12

 

  (4.1) Analyse sources and distribution of funding for the development of capital projects associated with tourism After completing this session learners are expected to be able to identify, analyse public sources and distributions of funding in travel and tourism such as: role of Department of Culture, Media and Sport eg National Lottery Commission; Office of Deputy Prime Minister eg European Social Fund, Regional Development Fund; sources and disbursement of funding through the Non-Governmental Public Bodies (NGPB)  Group discussion, Question and answer, Case study addressing learning outcome 4.1. Case study and power point slides,
13 Identify capital projects associated with travel and tourism and their sources of funding After completing this session learners are expected to be able to analyse  capital projects associated with travel and tourism: eg Tourism Information Points, Interpretation Boards, small scale

tourism/environmental improvement with associated interpretation, development of small-scale

heritage sites with interpretation and information, integrated footpath development and

improvement, integrated bridleways development and improvement, cycle route

development and improvement, provision of secure cycle storage, Pedestrian Fingerposts

Group discussion, Question and answer, Case study addressing learning outcome 4.1. Power point slides
14  (4.1) Analyse non-public sources  of funding for the development of capital projects associated with tourism After completing this session learners are expected to be able to use specific examples to analyse  non-public funding such as debt funding, equity funding and government funding Group discussion, Question and answer, Case study Power point slides
15 Revision Review of all learning outcomes (LO1 – 4)
16 Assignment support Assignment support and guidance
17 Assignment support Assignment support and guidance
18 Assignment support Assignment support and guidance
19 Assessment and feedback Feedback given to the learner
20 Assessment and feedback Feedback given to the learner
21 Assessment and feedback Feedback given to the learner

    Recommended text and links:

Horner P (1996), Travel Agency Practice, Harlow, Longman.

Kotas R (1999), Management Accounting for Hospitality and Tourism, 3rd edition, Thomson Learning, London

Owen G (1998), Accounting for Hospitality and Tourism, 2nd Edition, Financial Times / Prentice Hall

Adams D (2006) Management Accounting for the Hospitality, Tourism and Leisure Industries: A Strategic Approach, 2nd Edition:  Cengage Learning EMEA,

Newspapers

Various national newspapers have wide coverage of business issues such as The Times, Guardian, Telegraph, and Financial Times

Websites

www.bized.ac.uk                 provides case studies appropriate for educational purposes.

www.ft.com                         The Financial Times business sections

Lecturer: Olumide Ologan

Campus: Wentworth House

Email: ologanmide@yahoo.com

Assessment:

The module will be assessed meeting all the LO as specified by the awarding body, Ed Excel.

Please read the instructions carefully while addressing the tasks specified.

Contribution: of the module

Outline Details:     report approx 4000 words.   Details enclosed in the assignment brief.

Teaching and Learning Activities

The module tutor(s) will aim to combine lectures with tutorial activities. This environment will provide opportunities for the student to understand the course material through case study and text and to apply it in a practical way. The intent is to facilitate interactive class activities, and discussion about the significant role of research in a global and local business environment.

2.3       Teaching Ethos

The college’s approach towards teaching and learning is simple and effective. The main aim of UKCBC  is to assist learners in maximising their potential by ensuring that they are taught clearly and effectively. This will enable students to engage in the learning environment and promote success in both their academic studies and subsequent career.

2.3.1 Methods of Delivery:

LECTURES:

These will be developed around the key concepts as mentioned in the indicative course content and will use a range of live examples and cases from business practice to demonstrate the application of theoretical concepts. This method is primarily used to identify and explain key aspects of the subject so that learners can utilise their private study time more effectively.

SEMINARS:

These are in addition to the lectures. The seminars are designed to give learners the opportunity to test their understanding of the material covered in the lectures and private study with the help of reference books. This methodology usually carries a set of questions identified in advance. Seminars are interactive sessions led by the learners. This method of study gives the learner an excellent opportunity to clarify any points of difficulty with the tutor and simultaneously develop their oral communication skills.

CASE STUDIES: An important learning methodology is the extensive use of case studies. They enable learners to apply the concepts that they learn in their subjects. The learners have to study the case, analyse the facts presented and arrive at conclusions and recommendations. This assists in the assessment of the learner’s ability to apply to the real world the tools and techniques of analysis which they have learnt. The case study serves as a supplement to the theoretical knowledge imparted through the course work.

Plagiarism:

Any act of plagiarism will be seriously dealt with according to the colleges and awarding bodies’ regulations. In this context the definition and scope of plagiarism are presented below:

Plagiarism is presenting someone’s work as your won. It includes copying information directly from the web or books without referencing the material; submitting joint coursework as an individual effort; copying another student’s coursework; stealing coursework form another student and submitting it as your own work. Suspected plagiarism will be investigated and if found to have occurred will be dealt with according to the college procedure. (For further details please refer to the plagiarism policy and the student code of conduct.)

ASSESSEMENT

Unit: 2 – Finance and Funding in the Travel and Tourism Sector
Learning Hours:  63 Hours.                                              Self-learning hours:  87 hours.
Course: HND Business – Level                                CREDIT VALUE: 15 CREDITS
Term: Sept 2013- Jan 2014
Lecturer: Olumide Ologan Internal Verifier: Mrs. Sunita Kotta
Learners Name
Registration Number
Learners Declaration: I certify that the work submitted for this unit is my own:
Signed:
Hand out Date: 13/11/2014                                                          Submission Date:

The Following Sections to be completed by the assessor:

Centre Name: UKCBC
Centre Number: 08640

Please note that the assessors signature below denotes conformation that he/she has in no way influenced the outcome of the assessment:

Assessors Name:
Assessors Signature:
Has the unit been Internally Verified?                                        Y/N

Date of verification:

Internal verifiers signature:
Internal verifiers assignment brief:
Due Dates
Issue Date
Due Task- 1 17/11/2014 Deadline for September 2014 intake where E-Learning will be blocked   18th week of the term

12/02/2015

Due Task- 2 01/12/2014
Due Task- 3 15/12/2014
Due Task – 4 22/01/2015
Outcome Evidence for the criteria to pass. Assessors decision Internal verification decision. (agree, disagree)

 

TASK 1  :

You are required to carry out a research as specified in the assignment brief and use supportive materials like books, websites, etc—and give a feedback to the findings on P1.1,1.2,1.3. The answers need to be reflected to the instructions as specified and chosen for the purpose. Answers without application to International Airlines Group (IAG) or Thomas Cook Group Plc will be marked as resubmission.

LO 1-  Understand the importance of costs, volume and profit for management decision making in travel and tourism

 

P1.1- explain the importance of costs and volume in financial management of travel and tourism businesses using International Airlines Group (IAG) or Thomas Cook as your case study P1.1

(P,M,D)

P1.1

(P,M,D)

 P1.2- analyse pricing methods used in the travel and tourism sector using International Airlines Group (IAG) or Thomas Cook Group Plc as your case study P1.2

(P,M,D)

P1.2

(P,M,D)

P1.3- analyse factors influencing profit for travel and tourism businesses using International Airlines Group (IAG) or Thomas Cook Group as your case study P1.3

(P,M,D)

P1.3

(P,M,D)

Summarized Feedback for Task 1 (Constructive feedback  1.1, 1.2, 1.3, 1.4, Pass merit and distinction.)  

 

 

IV  comments towards

Task 1

 

 

TASK 2

You are required to carry out a research as specified in the assignment brief and use supportive materials like books, websites, etc—and give a feedback to the findings on P2.1, and P2.2 The answers need to be reflected to the instructions as specified and chosen for the purpose. Answers without application to International Airlines Group (IAG) or Thomas Cook Group Plc will be marked as resubmission.

LO2

Understand the use of management accounting information as a decision-making tool in travel and tourism businesses

 

P2.1-   explain different types of management accounting information that could be used in travel and tourism businesses using International Airlines Group (IAG) or Thomas Cook Group Plc as your case study P 2.1

(P,M,D)

P 2.1

(P,M,D)

 

 

P2.2.–  assess the use of management accounting information as a decision-making tool for International Airlines Group (IAG) or Thomas Cook Group Plc P 2.2

(P,M,D)

 

 

P 2.2

(P,M,D)

 

Summarized Feedback for Task 2 (Constructive feedback 2.1, 2.2, 2.3, Pass merit and distinction).

 

 

 

 

 

IV  comments towards

Task 2

 

 

 

 

TASK 3

You are required to carry out a research as specified in the assignment brief and use supportive materials like books, websites, etc to interpret financial accounts of TUI Travel Plc for the year ended 30th September 2013 —and give a feedback to the findings on P3.1. The annual report and accounts is available at http://tuitravelplc.com.  The answers need to be reflected to the instructions as specified and chosen for the purpose. Answers without application to TUI Travel Plc will be marked as resubmission.

LO3 Be able to interpret financial accounts to assist decision making in travel and tourism businesses P3.1-   interpret financial accounts of TUI Travel Plc for the year ended 30 September 2013 focusing on the ratios given in the assignment and showing at least two years performance (comparing 2013 to 2012). P 3.1

(P,M,D)

P 3.1

(P,M,D)

 

Summarized Feedback for Task 3 (Constructive feedback 3.1, 3.2, 3.3, 3.4, Pass merit and distinction.)

 

IV  comments towards

Task 3

 

 

 

TASK 4

You are required to carry out a research as specified in the assignment brief and use supportive materials like books, websites, to analyse sources and distribution of funding for the development of capital projects associated with tourism etc—and give a feedback to the findings on P4.1.  The answer need to be reflected to the instructions as specified and chosen for the purpose. Answers without application to specific capital projects associated with travel and tourism will be marked as resubmission.

LO4

4 Understand sources and distribution of funding for public and non-public tourism development.

P4.1    4.1 analyse sources and distribution of funding for the development of capital projects associated with tourism P4.1

(P,M,D)

 

 

 

P4.1

(P,M,D)

 

 

Summarized Feedback for Task 4(Constructive feedback  4.1, 4.2, 4.3, Pass merit and distinction.)
IV  comments towards

Task 4

 

 

 

Merit grades awarded M1 M2 M3 P1 P2 P3 P4  

 

 

 Distinction grades awarded D1 D2 D3 Resubmit :

 

Any other comments
Grade given by the Assessor:

Pass                                            Merit                                                 Distinction

Assessors  Signature:                                                                          Date:

IV Grading Check:                                 Comments if any:

Agree

Disagree                                                   Modify grade to

IV signature:

Date:

Students feedback:

Student Signature:                                                                                              Date:

I assure that this is my work. Any act of plagiarism will be seriously dealt with according to the colleges and awarding bodies’ regulations. In this context the definition and scope of plagiarism are presented below:

Plagiarism is presenting someone’s work as your won. It includes copying information directly from the web or books without referencing the material; submitting joint coursework as an individual effort; copying another student’s coursework; stealing coursework form another student and submitting it as your own work. Suspected plagiarism will be investigated and if found to have occurred will be dealt with according to the college procedure. (For further details please refer to the plagiarism policy and the student code of conduct.)

ASSIGNMENT

TASK 1

LO 1- Understand the importance of costs, volume and profit for management decision making in travel and tourism

You are required to carry out a research as specified in the assignment brief and use supportive materials like books, websites, etc—and give a feedback to the findings on P1.1,1.2,1.3. The answers need to be reflected to the instructions as specified and chosen for the purpose. Answers without application to International Airlines Group (IAG) or Thomas Cook Group Plc will be marked as resubmission.

P1.1 explain the importance of costs and volume in financial management of travel and tourism businesses using International Airlines Group (IAG) or Thomas Cook as your case study

P1.2 analyse pricing methods used in the travel and tourism sector using International Airlines Group (IAG) or Thomas Cook Group Plc as your case study

P1.3 analyse factors influencing profit for travel and tourism businesses using International Airlines Group (IAG) or Thomas Cook Group as your case study

Task 2

LO2-  LO2 Understand the use of management accounting information as a decision making tool in travel and tourism businesses

You are required to carry out a research as specified in the assignment brief and use supportive materials like books, websites, etc—and give a feedback to the findings on P2.1, and P2.2 The answers need to be reflected to the instructions as specified and chosen for the purpose. Answers without application to International Airlines Group (IAG) or Thomas Cook Group Plc will be marked as resubmission.

P2.1 explain different types of management accounting information that could be used in travel and tourism businesses using International Airlines Group (IAG) or Thomas Cook Group Plc as your case study

P2.2 assess the use of management accounting information as a decision-making tool for International Airlines Group (IAG) or Thomas Cook Group Plc

Task 3

LO 3 Be able to interpret financial accounts to assist decision making in travel and tourism businesses

You are required to carry out a research as specified in the assignment brief and use supportive materials like books, websites, etc to interpret financial accounts of TUI Travel Plc for the year ended 30th September 2013 —and give a feedback to the findings on P3.1. The annual report and accounts is available at http://tuitravelplc.com.  The answers need to be reflected to the instructions as specified and chosen for the purpose. Answers without application to TUI Travel Plc will be marked as resubmission.

3.1 interpret financial accounts of TUI Travel Plc for the year ended 30 September 2013 focusing on the ratios given below and showing at least two years performance (comparing 2013 to 2012).

(a)        Current ratio

(b)        Acid test

(c)        Return on capital employed

(d)       Return on net assets

(e)        Debtors’ collection period

(f)        Creditors’ payment period

(g)        Stock turnover

(h)       Ratio of administration costs to sales

(i)         Gross profit as a percentage of sales

(j)        Net profit as a percentage of sales

(k)        Capital gearing

Task 4

LO 4 – Understand sources and distribution of funding for public and non-public tourism development

You are required to carry out a research as specified in the assignment brief and use supportive materials like books, websites, to analyse sources and distribution of funding for the development of capital projects associated with tourism etc—and give a feedback to the findings on P4.1.  The answer need to be reflected to the instructions as specified and chosen for the purpose. Answers without application to specific capital projects associated with travel and tourism will be marked as resubmission.

4.1 analyse sources and distribution of funding for the development of capital projects associated with tourism such as the Cross Railway project, Tourism Information Point, small scale tourism/environmental improvement with associated interpretation, development of small-scale, heritage sites with interpretation and information, integrated footpath development and improvement, integrated bridleways development and improvement, cycle route development and improvement, provision of secure cycle storage. Visit Now : BTEC Level 5 Higher National Diploma In Business

Assignment Guidelines:

  • Use a standard report structure, Word-process the report and use Normal script of a proper font size 12.
  • Produce an academic report, detailing the above issues with a word limit of 4000 to 4500 words.
  • Complete the title page and sign the statement of authenticity.
  • The Assignment sheet should be attached in the front.
  • Submit the document in a folder in the form of a file as well as a soft copy on the submission date.
  • It should be uploaded on E-Learning platform before the deadline and submitted to ——– and sign the submission form of the college.
  • Assignments submitted after the deadline will not be accepted unless mitigating and may be entitled for a late fee.
  • Collusion and Plagiarism must be avoided.
  • Start each answer on a new page and pages should be numbered. Highlight each question clearly.
  • Include a Bibliography at the end of the assignment and use a standard referencing as Harvard referencing system.
  • All work should be comprehensively referenced and all sources must be fully acknowledged, such as books and journals, websites (include the date of visit), etc.
  • Try to give the page numbers, publishers’ details and the year of publication
  • In order to Pass you need to address all the LO
  • In order to get a Merit you need to address the characteristics of Pass and then M1, M2,M3
  • In order to get a Distinction you need to address the characteristics of a Pass, Merit and then D1, D2 and D3.                                                                                                                Use a common format for the questions, for example:
  • Introduction (analyze the question.)
  • Underpinning Knowledge (write about the relevant theory/points)
  • Applied knowledge(Data Analysis)
  • Conclusions and Recommendations (summarizing the whole scenario keeping in view pass, merit, distinction criteria.)

Student feedback form with the Assessment Grid indicating their pass, merit and distinction:

Name:                                                                                                       Registration Number:

Unit 2: Finance and Funding in the Travel and Tourism Sector

Outcomes/criteria: Indicative characteristics Possible evidence Feedback
P1. Understand the importance of costs, volume and profit for management decision making in travel and tourism

 

P2. Understand the use of management accounting information as a decision-making tool in travel and tourism businesses

P3. Be able to interpret financial accounts to assist decision making in travel and tourism businesses

 

P4. Understand sources and distribution of funding for public and non-public tourism development.

As per the assessment criteria specified for pass

 

 

 

 

 

 

 

 

 

Do

 

 

 

Do

Do

Task 1

 

 

 

 

 

 

 

 

 

 

Task 2

 

 

Task 3

Task 4

Merit Description:
M. Identify and apply strategies to find appropriate solutions. Relevant theories and techniques have been applied.
Effective judgments have been made.
Complex problems with more than one variable have been explored.
An effective approach to study and research has been used.
 

M2. Select/ design and apply appropriate methods/ techniques.

A range of methods and techniques has been applied.
A range of sources of information used.
The selection of methods and techniques justified.
Complex information/data have been synthesized and processed.
Appropriate learning methods/ techniques applied.
M3. Present and communicate appropriate findings. Appropriate structure and approach has been used.
Logical and coherent arguments have been presented
Technical language accurately used.
A range of methods of presentation has been used.
Familiar and unfamiliar contexts have been used.
It is appropriate for familiar and unfamiliar audiences.
Distinction Description:
D1. Use critical reflection to evaluate own work and justify valid conclusion. Synthesis has been used to generate and justify valid conclusions
The validity of results has been judged
Self-criticism of approach has taken place.
Evaluation has taken place using defined criteria
Realistic improvements have been proposed against defined characteristics for success.
D2. Take responsibility for managing and organizing activities. Autonomy/independence demonstrated
Substantial activities/projects or investigations have been planned, managed and organized.
The unforeseen has been accommodated.
The importance of interdependence has been recognized.
D3. Demonstrate convergent, lateral and creative thinking Ideas generate and decisions taken  

 

 

 

 

 

 

 

Convergent and lateral thinking have been applied
Capacity for innovation and creative thought has been used.
Receptiveness to new ideas has demonstrated.
Unfamiliar contexts have been applied.

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