代写IB9YH0 Performance Management of the Firm 2023/24代做回归

MSc Management

IB9YH0 Performance Management of the Firm

2023/24

“Prepare a research report assessing the performance of Sainsbury’s from fiscal year 2017 to 2022 (from 10 March 2018 to 4 March 2023). Prepare your assessment based on the 5-factor DuPont model of return on equity (ROE) over the period.”

You are assessed based partly on your technical skills, but more importantly the extent to which you understand the materials covered in the module. Good discussions should include relevant academic and practitioner-oriented journal readings, sector reports, as well as refer tightly to your own analysis to support your arguments and discussions. The overall word count is 2,500 words excluding appendix which contains full disclosure of the required calculations. Your assignment contains two parts. Do not exceed the word count.

This assignment requires you to show progress from your Group Assignment Presentation in the following ways:

•   Writing skills and ability to conduct independent research individually

•   Ability to persuade readers of your ideas that are supported by data/information (evidence)

•   Ability to search legitimate sources of information and  relevant academic readings to enhance the quality of the report

•    Demonstrating advanced analytical skills in applying DuPont model as a framework

•    Integrating financial information provided by the financial statements taught in the module

The assessment criteria for each part of the assignment are included below.  The overall Marking criteria that will be applied are the WBS generic PG Marking criteria detailed in your Student Handbook:  Comprehension,  Analysis, Critical Evaluation, Academic Writing, and Technical Capability.

Part I - Technical skills (30% of this assessment) .

This part should be adequately designed and well-presented and clearly illustrate the required indicators/figures. You must calculate your own indicators/figures. Clearly demonstrate all required indicators and figures.

1.   Income statements

a.   Full Common-size income statements,

b.   Segment sales contribution to total sales, segment sales growth rates, and segment operating profit.

2.   Statements of cash flows

a.   Free cash flows

b.   Annual net capital expenditure. Clearly define annual net capital expenditure.

3.   Balance sheets

a.   Full Common-size balance sheets

b.   The  effectiveness  of  Capital  expenditure  portfolio.  Define  capital  expenditure portfolio carefully

c.    Effectiveness of working capital  management through operating cycle and cash conversion cycle

4.   5 factor DuPont model of ROE and its components (ROCE, leverage, interest burden, and tax burden). The ratios should be based on the average balance sheet amounts when ratios involve balance sheet items.

Assessment criteria: 1) ability to compute the required indicators and figures and understand what they mean in measuring performance of a firm in holistic views. 2) presentation and readability of data in the assignment.

Part II - Critical evaluation skills (70% of this assessment).

This part of the report should include the following content:

i)    A brief overview of the company strategy, and macroeconomic and sector conditions (15%)

Assessment criteria: description of the key strategy that includes (but is not restricted to) the choice of product segment (choice of sectors), competitor identification, intensity of competition, capital expenditure for growth, and financing choice

ii)   Critical evaluation of the company’s recent financial performance based on 5 factor DuPont analysis and free cash flow (50%).

Assessment criteria: critical and analytical skills on how you make sense of the detailed DuPont  ratios  in  interpreting  the  company’s  strategic  initiatives.  The  analysis  should include the evaluation of:

a.   Operating  management from the  income  statement information:  it should  include sales and margin analysis.

b.   Investment management from the balance sheet information:  it should include the generic working capital management  of the sector, the effectiveness of working capital  management to support operations and to maintain liquidity position,  and effectiveness of key capital investments (i.e. the effectiveness of capex investments in generating sales)

c.   Financial risk: this part should include the management’s financing decisions. What are the characteristics of the sector’s or rivals’ leverage choice? Does the firm have persistently healthy cash flows and profit from operations to support its financing choice? Does the firm have good quality of assets to back its financing decisions?

d.   Shareholders’ perspective: in general, does the firm pay dividends or buyback shares? Has the firm ever borrowed to pay dividends?

iii)  The  use of AI is permitted.  Use any generative AI to generate performance assessment of Sainsbury’s  and  critically  compare  and  contrast AI generated comments with your own analysis.  The  AI statements should cover  ii)  a-d,  taking care of necessary citations  and referencing. Please see the ‘Use of Artificial Intelligence’ guidance below (30%).

iv)  Presentation, use of references, and properly styled references and in-text citations (5%).

Assessment note: Do not place the resources that are not cited in the main body of the assignment in the reference list. It is prohibited to use Investopedia and Wikipedia. All  relevant  concepts  and   ratios  should   reference  the  textbooks,  academic  and practitioners’ journals, news articles, and the reports from databases provided by the University library.

Maximum Length:	2500 words (this is astrict limit, not a guideline)
Assessment Weighting:	70%
Submission Deadline:	Tuesday 4th June 2024 before 12:00:00 (Midday, UK time)
Marks Released by:	Tuesday 2nd  July 2024 (we will aim to release marks by this date, but in the event of an unavoidable delay a message will be posted on the module page)
Use of Artificial Intelligence The University recognises an increasing number of technologies such as Artificial Intelligence and that they may be applicable in your completing this assessment. The assessment brief sets out specific requirements or restrictions, and your student handbook has further guidance and advice. You are reminded that the inappropriate use of such a technology may constitute a breach of University   policy, such as the Proofreading Policy or Regulation 11 (Academic Integrity). If you breach these policies, it may have significant consequences for your studies. Please make sure you read and understand the assessment brief and how AI mayor may not be used. You should ensure you include an assignment cover sheet which requires you to explain the use of any AI. Failure to disclose at the point of submission maybe prejudicial in any later investigations should they arise. For this assessment, AI is: PERMITTED (neither prohibited or required) If you use a generative Artificial Intelligence (AI) in the process of completing this assessment you MUST set out clearly the following: •     WHY you used a generative AI •     WHAT it was used for •     WHICH AI was used; and •     If any generated content has been used directly in this submission, if so where. Note that this declaration does NOT contribute towards the word count for the assessment. You will also have to confirm in your declaration that the work remains yours and you have intellectual ownership of it. You maybe called for viva or other interview to demonstrate such intellectual ownership. A failure to disclose the use of AI, or the use of a misleading description of its use may have significant consequences for your studies. As a result, keeping good records of your interactions is strongly advised.

Submitting your work

Before you submit your assessment, you should ensure you are familiar with the guidance and rules in the “Your Assessments” section of your Student Handbook, paying particular attention to:

•     Inserting a completed assignment coversheet as the first page of your submission

•     Academic Integrity (including Plagiarism)

•     Referencing

•     Word Count Policy and Formatting

•     Confidentiality of your work

•     Extensions and late submission of work

•     Guidelines for Online Submission

Mitigating Circumstances

Mitigating circumstances MUST be submitted within 20 working days following the submission  deadline.  Mitigating circumstances not submitted by the relevant deadline are not required to be considered by the School/Department and may have to be considered by an Academic Appeals Committee as part of an academic appeal – for further information, please see:

https://warwick.ac.uk/services/gov/calendar/section2/regulations/reg42academicappeals

Please seeyour Student Handbook for more guidance on mitigating circumstances