SOE11144 Global Business Economics and Finance Question and Answers


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Assessment Details:-

  • Code:: SOE11144
  • Topic:: Global Business Economics and Finance
  • Number of Words :: 2500
  • Citation/Referencing Style :: APA
  • Subject :: Finance
  • University:: Edinburgh Napier University


A. Project question


Report Assignment in Accounting and Finance

You have received an email from the Chief Executive Officer of Clark Casc Logistics plc, where you are employed as manager of a loading bay, inviting you to the first in a series of budget-setting meetings and asking you to submit a brief report in advance.


You are required to submit your report by 23:59 on Sunday, December 13th., 2020, through the Turnitin dropbox in Moodle.


You are only permitted to submit your report once. Trial runs are not permitted and no spare, draft or test dropboxes will be provided. It is your responsibility to submit your own work and to ensure that your report is finalised, complete and properly edited before, not after, you submit it.


This is an individual assignment. The sharing of files or copying of work between students is not permitted.


You are only allowed to submit one document, which must contain your full report, including your reference list. Do not attempt to submit additional documents.


Your submission must be either a Word document in .doc or .docx format or a .pdf document.

Appendices are not permitted.


Report Assignment in Accounting and Finance

You have received the following email from the Chief Executive Officer of Clark Casc Logistics plc, where you are employed as manager of a loading bay, inviting you to the first in a series of budget-setting meetings and asking you to submit a brief report in advance.


Dear “Laser”,

For the last financial year Clark Casc Logistics plc made a loss of £3.2 million and the Board is therefore reaching out to all managers to find ways of reducing the costs for which they are responsible, ahead of next month’s meeting on compulsory redundancies, early retirements and redeployments to our toxic waste sorting division.


We will be holding a first round of budget-setting meetings on Thursday next week. As the manager of the Craiglockhart loading bay at Clark Casc’s Craiglockhart Loading Bay, the expenditure for which you were responsible for the last financial year was as follows.


Last Year





Wages and Employers’ National Insurance and Pension Contributions 528 531
Equipment Maintenance 76 81
Equipment Depreciation 74 75
Buildings Maintenance 36 32
Buildings Depreciation 56 56
Heating and Lighting 30 30
Goods Refrigeration 14 15
Apportionment of Central Administrative Costs 74 75
Insurance Costs – Apportioned Based on Past Claims 20 22
Other Costs 10 11
Total Expenditure, Tax and Dividends 918 928

Your expenditure for the first six months of the present financial year is as follows, with a comparison with the budget which, I would remind you, you agreed to this time last year.


This Year

Budget Year to Date


Actual Year to Date


Wages and Employers’ National Insurance and Pension Contributions 268 271
Equipment Maintenance 38 42
Equipment Depreciation 37 37
Buildings Maintenance 18 17
Buildings Depreciation 28 28
Heating and Lighting 16 15
Goods Refrigeration 8 8
Apportionment of Central Administrative Costs 40 42
Insurance Costs – Apportioned Based on Past Claims 10 12
Other Costs 6 6
Total Expenditure, Tax and Dividends 469 478


Next Year

The purpose of next week’s meeting is not to rake over the ongoing overspend for this year but we need to plan for next year. We are going to need you to agree a total budget of £882,000 for next year. Mo will update the figure for apportionment of Central Administrative Costs sometime after the meeting but I’m guessing it’ll be based on this year’s actuals, so I suggest you use that. It’s the rest of the costs we need to discuss with you.


You will need to take account of the 3% across-the-board wage increase Piotr agreed with the unions last week. That applies evenly across all types of staff in the loading bay.


Please provide a report in advance of the meeting detailing how you intend to find the necessary savings.


Please include the following sections in your report. We do not require an executive summary:

  1. Introduction
  2. Approach to drawing up the loading bay budget
  3. Relevant calculations to show that your budget is achievable
  4. Your proposed budget with full figures
  5. A conclusion on the achievability of the £882,000 overall loading bay budget
  6. Recommendations on next steps

Please make sure you provide a list of references to any published external material you refer to in your report.


Make sure your report is at least 2,250 words to prove you’ve done some work but I’m not reading it if it’s more than 2,750 words apart from the references. I will not waste time reading appendices. If you have something to say, say it in your report.


If you have any specific suggestions on improving the budget process, please include these in section 2 – the approach to budgeting – and in your conclusion and recommendations.


I hope you are enjoying your Business Economics and Finance course at Edinburgh Napier University. You never know when you’re going to need to include something like that in your cv.


I look forward to receiving your report and seeing you at next Thursday’s meeting.

Best Wishes,


“Until a man dies, wait and until then never call him happy but only fortunate.” Herodotus

This email contains confidential information relating to Clark Casc Logistics plc. If you are not the intended recipient delete this email immediately.


Further information

In addition to the information in the Chief Executive’s email, you possess the following information.


You are now preparing for an initial budget meeting with the finance director. For next year, you have been asked to seek a reduction in costs overall compared with last year – on top of reversing this year’s increase.


The finance director has already agreed a 3% increase in staff wages for next year – but you have identified some staff positions which may be redundant. You may be able to cut staff numbers by 10% immediately, with the jobs to be cut carrying average wages for your department. However, Clark Casc will have to pay at leaset the statutory redundancy payments required by law in the United Kingdom.


At least 10% of your equipment is also redundant. It could be sold or offered to another department.


You have the authority to switch energy suppliers. You have investigated this and found that an alternative supplier would charge you 5% less than your current rate for the rest of this year and for the first 6 months of next year – but will increase their prices by 3% for the following 12 months and by a further 3% each year thereafter.


You have also discovered that the refrigeration system is in need of repair. A simple repair, which you have already ordered for this year, will cut refrigeration costs by 40%. Improved maintenance will cost just £1,000 extra per year.


The Craiglockhart Loading Bay which you manage adjoins other parts of the depot. You have learned from the manager of Clark Casc’s nearby vehicle maintenance workshop that the workshop has a lot of excess capacity and could operate in a smaller physical space. Your observation is that there is a lot of underused space at the Craiglockhart depot as well.


General inflation for the last 12 months has been 0.8%.



Write your report, addressed to the Managing Director of Clark Casc and containing the following sections, as directed in the Managing Director’s email. Submit your report in the Turnitin dropbox.

  1. Introduction
  2. Budgeting Approach
  3. Relevant Calculations
  4. Proposed Loading Bay Budget
  5. Conclusion
  6. Recommendations
  7. References

Your report must be between 2,250 and 2,750 words in length excluding references.

Do not include an executive summary. Appendices are not permitted.


B. Project 1 Submission Guidelines

Length 2,500 words, +/- 10% (excluding references, graphs, charts and numbers in tables.
Presentation Arial 12 fonts, 1 ½ spacing, left aligned text.
References All references must use the APA Referencing Style and the Napier house style as shown in the library referencing



C. Marking criteria and weights

Report Title, Addressee and Introduction (section 1) 10%
Budgeting Approach (section 2) 30%
Relevant Calculations and Budget (sections 3-4) 30%
Conclusions and Recommendations (sections 5-6) 20%
Presentation and Referencing 10%
Total 100%