COVER SHEET
Assignment1 Proposal
SEMESTER – SPRING/ 2024
Student Name (s)*
Abdul Rahman Munir Khalfan Al Kindi
AL Waleed Khalif Salim Al Ghafri
Maan Majid Ali Al Wahaibi
Habib Asim Al raisi.
Student ID (s)*
19s18598
19s18666
23s23878
23s23964
Module Code*
LANG 20001
Module Name*
Academic English for IB 3
Session*
Session A
Submitted to
Teacher and
Department*
Rashid Muhammad
Coursework No.*
Coursework 1
Assignment Title
Assignment 1 / Proposal
Actual Word Count
(Excluding Cover
Page, TOC/Index,
references and
appendices)
(Fields marked with * are mandatory)
Dealing with late Payment Strategy, effects, Recommendations
Clients
Dealing with late payments from clients can be challenging but having a strategy in place can
mitigate its effects. Its essential to establish clear payment terms, send timely reminders, and
follow up promptly on overdue invoices. Additionally, offering incentives for early payment
or implementing late fees can encourage clients to pay on time. Recommendations include
using automated invoicing systems, maintaining open communication with clients, and
considering legal options as a last resort..( Bank muscat. Banktrack. (Aug.14.2023)
Bank Muscat.
Bank Muscat
Established in 1982, Bank Muscat is a major commercial bank located in the Sultanate of
Oman. The bank offers asset management services in addition to corporate, retail, investment,
Islamic, treasury, and private banking. The bank also has a representative office in Singapore
that specializes in financial institutions and trade business, and it is an affiliate of an Indian
securities firm . In addition, the bank is present both directly and indirectly in all six states
which make up the Gulf Cooperation Council. In 2007, Bank Muscat became the pioneer
bank in the Middle East to implement the Equator Principles.( Bank muscat. Banktrack.
(Aug.14.2023).)
Objective of this assignment :
1.To find the reasons of late payment
2. To discuss the strategies to minimize the late payment.
3. To analyses the effect of late payments and business.
4. To explore recommendations to the company on how they can deal with late payments
client
Methodology
Write under primary and secondary sources
1. Literature Review: Conduct a thorough review of academic journals, industry reports, and
case studies to understand the causes and consequences of late payments and effective
strategies for managing them.
2. Data Collection: Gather data from Bank Muscat’s annual reports, financial statements, and
internal documents related to accounts receivable, credit management, and client payment
patterns.
3. Interviews: Conduct interviews with relevant stakeholders within Bank Muscat, including
finance managers, credit officers, and client relationship managers, to gain insights into their
experiences and perspectives on late payments.
Writing academic assignments is not as easy as you think. Below are the problems that we
students usually face while writing our assignments. We are going show a few of the issues we
confront whereas doing our ass
Sl.
No.
1
Expected Problems
Limited Data Availability
2
Improper structure
3
Complexity of Financial Analysis
Proposed Solutions
If access to internal data is
restricted, alternative sources such
as industry reports and surveys can
provide valuable insights.
In case of complicated points,
numerous understudies discover it
difficult to accumulate pertinent prove.
Check out essential and auxiliary
sources to assemble information for
complex subjects. (Jonson, 2020)
Composing assignments get more
complicated in the event that you dont
create solid expository aptitudes.
Perused as numerous books as you’ll to
sharpen your expository aptitudes with
time.
Interest:
Action Plan Sl. No
1.
Task
Task1:
Responsible
Person
All members
Timelines
15.03.2023
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
Choosing the company
Writing first draft of the proposal:
Writing the Background
Writing the Objective
Task 2:
introduction
Methodology
Literature review
Data results
Discussion
Recommendations
Check the reference
All members
15.03.2023
All members
All members
15.03.2023
31.03.2023
All members
All members
All members
All members
All members
Leader
8.04.2023
8.04.2023
8.04.2023
8.04.2023
11.04.2023
13.04.2023
References:. Put matching intext citations
Bank muscat. Banktrack. (n.d.). https://www.banktrack.org/bank/bank_muscat
FSB, T. F. of S. B. (n.d.). Late payments advice and support. advice and support | FSB, The
Federation of Small Businesses. https://www.fsb.org.uk/knowledge/fsb-infohub/latepayments.html
Jonson, G. (2020, February 28). 20 common problems students face while writing assignments.
Medium. https://grecyjonson09.medium.com/20-common-problems-students-face-whilewriting-assignments-65bb063148d0
Academic English for IB 3 (LANG 20001.1)
Semester: SUMMER 2023
Session:
Assignment 1 Proposal
Topic:
Name of the Company:
Submitted by:
Submitted to:
Background of the topic: Write some brief information about the topic(one citation
needed here)
Background of the Company – Write in short about the history of the company /
when, where and by whom was this company started. (one citation needed here)
What is the Objective of this assignment Why are you doing this assignment.
Write at least 3 objectives from Focal Aspects given in front of each topic
Methodology How will you collect information for doing this assignment.
Sl.
No.
Expected Problems (What
problems do you think you may
face while doing this assignment)
Proposed Solutions (How can you
solve these problems)
1
2
3
4
Interest: State why you are interested in this topic and the company.
Action Plan – (Look at the tasks that have to be performed while doing this assignment,
divide the work among the group members and give a deadline for each task. An example is
done for you). Your plan must include timeline for proposal, report and presentation
Sl. No
Task
1.
Choosing the company
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
Writing the Background
Writing the Objective
Xxxxx
Xxxxxx
Xxxxx
Xxxxxx
Xxxxxx
Xxxxx
Xxxxxx
xxxxxx
Responsible
Timelines
Person
Ahmed, Sohail
15.03.2023
and Khalid
Ahmed
Suhail and Ahmed
References: Write at least 3-4 references you used in writing proposal.
