Title | Kaboom Marker Grid- managerial accounting |
---|---|
Author | Pargol azizi |
Course | managerial accounting |
Institution | CPA Ontario |
Pages | 6 |
File Size | 165.3 KB |
File Type | |
Total Downloads | 382 |
Total Views | 475 |
Download Kaboom Marker Grid- managerial accounting PDF
MARKER GRID – KABOOM INC. Candidate: Marker: OVERALL COMMENTS ON COMMUNICATION SKILLS (Marker notes: Consider ranking, time management, writing style, format, use of case facts, role)
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AO1 – MA
The candidate makes supported revisions to the 2022 operating budget. Reaching competence – Makes some (3) revisions to the 2022 budget Competent – Makes several (4) revisions to the 2022 budget Competent with distinction – Makes most (5) of the revisions to the 2022 budget
Marker Notes
Revisions = sales, COGS, salaries, depreciation, interest, R&D, marketing, bad debt C/CD – revisions must be supported with case facts/assumptions AND must revise sales and COGS
Ranking Comments
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AO2 – MA
The candidate analyzes weaknesses in the information system used for the creation and analysis of budgets, and recommends improvements. Reaching competence – Discusses 2 control weaknesses OR recommends 2 improvements Competent – Discusses 2 control weaknesses AND recommends 2 improvements for same weaknesses discussed Competent with distinction – Discusses 3 control weaknesses AND recommends 3 improvements for same weaknesses discussed
Marker Notes
Discusses = identifies control weakness supported by case facts + explains the implication of the control weakness (i.e., impact on KI) Recommends improvements = must be specific solution to implement + must make sense given the size and operations of KI
Ranking Comments
WEAKNESS
IMPLICATION
File compatibility Bad debt tracking system Access to budget Access to updated budget Changes to budget Variance report creation Other valid
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RECOMMENDATION
AO3 – FR
The candidate computes key financial ratios and assesses KI’s performance. Reaching competence – Computes 2 key financial ratios OR computes and assesses 1 key financial ratio Competent – Computes AND assesses 2 key financial ratios Competent with distinction – Computes AND assesses 3 key financial ratios
Marker Notes
Computes = correctly recalculates the financial ratio based on 2022 projected results Assesses = explains what the ratio means about KI’s performance
Ranking Comments
COMPUTES Debt-to-equity ratio Current ratio Gross margin % A/R turnover / Days in A/R Inventory turnover / Days in inventory
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ASSESSES
AO4 – F
The candidate determines whether to lease or purchase the equipment. Reaching competence – Attempts to determine whether to lease or purchase the equipment Competent – Determines whether to lease or purchase the equipment AND concludes Competent with distinction – Thoroughly determines whether to lease or purchase the equipment AND concludes
Marker Notes
Attempts (must do both purchase and lease) Purchase = correct cost 1 Lease = PV of lease payment Determines (must do both purchase and lease) Purchase = correct cost + tax savings 2 Lease = PV of lease payment (must have beginning of period pmts) + PV of residual value + tax shield attempted (must use one of the formulas, does not have to be correct) Thoroughly = correct calculation of lease and purchase Concludes = definitive conclusion on whether to lease or purchase, consistent with quantitative analysis
Ranking Comments
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AO5 – F
The candidate determines the impact of the line of credit on KI’s weighted average cost of capital. Reaching competence – Attempts to determine the impact of the line of credit on KI’s weighted average cost of capital Competent – Determines the impact of the line of credit on KI’s weighted average cost of capital AND concludes Competent with distinction – Thoroughly determines the impact of the line of credit on KI’s weighted average cost of capital AND concludes
Marker Notes
Attempts = reasonably calculates the cost of equity and either the current WACC or the WACC with the line of credit Determines = reasonably calculates the cost of equity + reasonable calculation of the difference between the current WACC and the WACC with the line of credit Thoroughly = correct calculation of the cost of equity + correct calculation of the difference between the current WACC and the WACC with the line of credit Concludes = definitive conclusion on the difference between the current WACC and the WACC with the line of credit
Ranking Comments
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