James and Austin approached you to be their business consultant. As their consultant, analyse and evaluate the key considerations they should consider in deciding whether to structure their tuition centre as a company or a general partnership.
BCAF004 Management Accounting & Finance Individual Assignment 1 2025/26 | TP
BCAF004 Individual Assignment 1
This Individual Assignment 1 comprises 30 percent of your total assessments for Management Accounting & Finance (MAF).
1. Due Date: 30 Nov 2025 (Sun) 11.59pm
Submissions after due date or reports with plagiarism found will NOT be graded. Disciplinary action will be taken against students who commit plagiarism.
2. Report Submission Format
- One Softcopy Report (Word Document) – to be uploaded in POLITEMall.
- Name your softcopy report with this file name format: Your Name_IA1. For example, Kok Wai Ling_IA1.
- Instructions on how to submit your report in Brightspace POLITEMall can be found in the “Individual Assignment 1” folder in Brightspace POLITEMall.
- Use Appendix 1 as the cover page for the assignment report.
- Report should be typewritten using font size 12.
- Answer all questions and start your answer to each question on a new page.
3. Plagiarism
- Plagiarism is a SERIOUS OFFENCE and will result in disciplinary consequence.
- You must NOT use any generative artificial intelligence (GenAI) to generate any materials or content in relation to your assessment.
- You need to submit Appendix 2 on Declaration of Work with your report.
4. This individual assignment question paper consists of 11 pages, including appendices.
TEMASEK POLYTECHNIC SCHOOL OF BUSINESS
DECLARATION OF WORK
SUBJECT NAME: MANAGEMENT ACCOUNTING & FINANCE
SUBJECT CODE: BCAF004
ACADEMIC YEAR: AY2025/2026 OCTOBER SEMESTER
Topic 1: Introduction To Accounting & Finance
Question 1 (5 Marks)
This question examines the role of management accounting in the business operations of the organisation where you are currently employed or have previously worked, hereafter referred to as “your organisation”.
The term “business operations” refer to the primary activities or core functions of your organisation, such as the sale of apparel or electronic products, furniture manufacturing or the provision of logistics and transportation services.
Required:
- Provide a concise description of your organisation’s core business operations.
- Identify and explain three specific examples where management accounting information is applied in your job role or your management’s job role. For each example, describe how the information is used to support decision-making, planning, or control within the organisation.
- The marking rubrics for this question are stated on the next page.
Marking Rubrics
Performance Levels | ||||
Excellent (4.5 to 5 marks) | Good (3.5 to 4 marks) | Average (2.5 to 3 marks) | Below Average (1.5 to 2 marks) | Poor (0 to 1 mark) |
Clear, concise, and insightful description demonstrating strong understanding of the core business operations. Three highly relevant and well-chosen examples directly linked to management accounting use. Each example is thoroughly explained, showing deep insight into how management accounting aids decision-making, planning, or control. | Clear and accurate description with good understanding of the core business operations. Three mostly relevant examples with good connection to management accounting. Examples are clearly explained with good detail on application. | Adequate description with some relevance to business operations. At least two relevant examples with adequate link to management accounting. Examples are adequately explained but with limited depth on application. | Limited description with minimal relevance; lacks clarity on business operations. One or two weakly relevant examples; link to management accounting is unclear. Explanations are brief, lack detail, or weakly linked to management accounting functions.
| Very vague, inaccurate, or missing description of business operations. No relevant examples provided. Explanations are missing, unclear, or show no understanding of management accounting. |
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Question 2 (11 Marks)
James has just graduated from university with a Bachelor of Business Administration. His degree programme provided him with a solid foundation in business management, marketing, accounting and finance, equipping him with essential knowledge and skills in these areas. Recognising the strong demand and profitability of Singapore’s tuition industry, James is eager to set up his own tuition centre. However, as he has limited savings and no prior experience in running a business, he is keen to bring in a business partner to share both the capital and the responsibilities.
Through a mutual friend, James is introduced to Austin, his former senior in university. Austin graduated one year earlier and has since started his own F&B café business. Although the café is relatively new, it has been performing well under Austin’s management. Inspired by Austin’s success in managing his café, James extended an invitation for him to join the tuition centre venture as a business partner.
After several discussions, James and Austin have mutually agreed that James will lead the tuition centre’s operations, while Austin continues to focus on his café. They have also decided to open their tuition centre at the newly developed shopping mall near Austin’s café. Austin expressed confidence in the location of the tuition centre, citing the steady patronage of his café by professionals and workers from nearby industrial buildings as indicator of strong foot traffic and demand.
Before proceeding further, James and Austin need to decide whether to register their tuition centre as a company or as a general partnership.
Required:
James and Austin approached you to be their business consultant. As their consultant, analyse and evaluate the key considerations they should consider in deciding whether to structure their tuition centre as a company or a general partnership.
In your answer, you should:
Compare and contrast the implications of setting up the business as a company versus a general partnership (e.g. legal liability of owner).
Recommend whether James and Austin should establish the tuition centre as a company or a general partnership and justify your recommendation with reference to the circumstances outlined in the case.
The marking rubrics for this question are stated on the next page.
(11 marks
