1.Prepare a Group Report that:
a.critically evaluates issues facing Company West Elton (Please read the Appendix 1b) and
b.make recommendation(s) as to how these might be addressed.
c.NB The Group Report analysis should be in the context of your academic discipline; further information will be made available in appendices closer to the project kick-off:
Appendix 1b Accounting & Finance, Finance & Business (attached)
maximum 5,000 words
2.Present an Individual Learning Log including a critical reflection on learning achieved in this unit.
between 750-1,000 words
This evaluation will be Informed by relevant literature and primary and/or secondary evidence.
The Individual Learning Log should include a reflection on any ethical & sustainability issues that are revealed relating to the brief:
This is a group assessment (groups between 2-5 members)
The Group Report should:
Be in an appropriate business style
Be aimed at the Board of Directors of Company A i.e. pitched at a level appropriate to their knowledge and understanding
Be appropriately referenced and include a bibliography (Note: Endnote referencing is recommended.)
West Elton is a successful, private company incorporated in the UK. After several profitable years if it is cash rich and looking to invest in a growing market abroad. It is considering investing in one of the so-called MINT economies.
It is a manufacturer of non-stick coatings for consumer products, for example cookware and garden tools, and industrial products such as automotive parts, moulds, sealing systems and heavy-duty textiles. It also provides expertise in the form of technical assistance to customers. Where necessary it sends technicians to the customers premises to help set up machinery and/or develop bespoke products for that customer.
It has a number of branded products which are patented in all the countries it trades in. It is a truly international firm in that it trades on every continent in the world. To-date however it has always traded through agents and sold in pounds sterling. Now it wishes to set up a factory abroad as it believes this will cut costs whilst leading to new business. If this turns out to be correct it may expand further into other countries.
The companys finance director has a role that encompasses IT, HR and legal compliance as well as finance. As an Assistant Financial Controller you have been tasked with carrying out a risk analysis which covers all aspects of (1) the accounting function and (2) ethical and sustainability issues.
Choose a MINT country and write a report highlighting:
1.The accounting issues, and
2.The ethical and sustainability issues
That need to be considered if setting up operations in that country. You should make the exact nature of the issue clear and suggest appropriate courses of action to mitigate any risks involved.