57670 – ASSESSMENT 1 – CASE STUDY – STUDENT INFORMATIONThis information

FIND A SOLUTION AT Academic Writers Bay

Assignment Details:
ASSESSMENT 1 – CASE STUDY – STUDENT INFORMATIONThis information is to be handed to each student to outline the assessment requirements.Student InstructionsYou are required to demonstrate your ability to read and review profit and loss statements, cash flows and aging summaries, prepare, implement and revise a budget, and establish a budget and allocate fundsFor this assessment you may choose to use as a business model-i. The organisation where you currently work or another organisation that you are familiar with, provided in either case that you have access to, and permission from the organisation to use, the necessary information and data (see * below), orii. An organisation to be allocated to you by your AssessorYou may be required to use the same business model for the other assessments in this unit.If you choose option (i) above, you must discuss which organisation you will use with your Assessor and have it approved by your Assessor BEFORE you start, to ensure it is of appropriate scope and to confirm that have access to the required information. You must be able to provide copies of the documents described below * for your Assessor if asked.If you choose option (ii), your Assessor will provide you with the necessary links to Bounce Fitness or a similarly appropriate business model.*At a minimum, you will need to have access to the following information for the organisation -? Business Plan, including KPI’s? Financial Policy and Budget Policy? Profit and Loss Statements? Financial BudgetsThis assessment is to be undertaken in four parts, which should be undertaken consecutively following each of the twelve steps.TASK 11. Review the latest Business Plan to gain an understanding of the business and its key financial drivers, budgets and anticipated financial outcomes2. Review the Profit and Loss Statements to establish where the profits and losses have been generated and whether the financial goals are being met3. Analyse the actual trends in cash flows over the previous 12 months, and available ageing data, and summarise your findings, including whether future cash flows are likely to be adequate. If not, make recommendations for change4. Research relevant statutory requirements and review / confirm legislative financial liabilities are being met for all taxation. If not, make recommendations for change5. Determine the critical dates and initiatives that will require or generate resources in the next financial cycleTASK 2Based on your findings and conclusions from Task 1, including any recommendations:6. Determine the appropriate allocation of available (financial) resources, including allowance for any new items based on research and informed estimates7. Identify any significant contingencies and recommend how they may be dealt with8. Research and review the organisation’s budgeting policies and procedures, and any relevant statutory requirements, to determine appropriate processes for preparing budgets9. Prepare (or revise existing) Profit and Loss Budget and a Cash Flow Forecast for the following 12 monthsTASK 310. Identify who are the appropriate managers and supervisors responsible and accountable for the budget outcomes. For each person, determine the particular aspects of the budget they have control and responsibility. You need to maintain confidentiality and ensure individuals are only provided with budget information under their control or relevant for them.11. Develop a communication strategy to ensure those managers and supervisors are clear about their budgets, reporting requirements and financial delegations. (This may be for example individualised detailed budgets or briefing papers, or other communication).TASK 412. Prepare a report for the CEO and senior executives to support the budgets and forecasts developed in Task 2. Your report is to detail the results of your findings and analysis from Task 1 and Task 2, with any recommendations, including in particular-i. The key financial drivers, budgets and anticipated financial outcomesii. Where profits and losses have been generated and if the financial goals are being metiii. Adequacy of future cash flowsiv. Taxation liabilitiesv. Critical dates and initiatives that will require or generate resourcesvi. Allocation of available resources, and how estimates were made for any new itemsvii. Contingencies and how they may be dealt withviii. Any significant issues not already covered, and how to prioritise themDOCUMENTS TO BE SUBMITTED to complete this assessment-Profit and Loss Budget (Task 2.9)Cash Flow Forecast (Task 2.9)Summary of responsibilities and accountabilities (Task 3.10)Communication strategy (Task 3.11)Report for CEO (Task 4)vi) If you have used a business model that was not Bounce Fitness or one provided by your Assessor, copies of the relevant Business Plan, Financial Policy and Budget Policy, Profit and Loss Statements and Financial Budgets that you have used for this assessmentASSESSMENT 1 – ASSESSOR CHECKLISTThis checklist is to be used when assessing the students in this task. This checklist is to be completed for each student. Please refer to separate mapping document for specific details relating to alignment of this task to the unit requirements.Did the student: Satisfactory Commentsdetermine appropriate processes for preparing budgets ? Yes ? Noappropriately prepare or revise Profit and Loss Budget ? Yes ? Noappropriately prepare or revise Cash Flow Forecast ? Yes ? Nocorrectly identify the responsible and accountable managers and supervisors ? Yes ? Nodevelop a suitable communications strategy ? Yes ? Nomaintain confidentiality and ensure individuals are only provided with budget information relevant to them ? Yes ? Noidentify the key financial drivers, budgets and anticipated financial outcomes ? Yes ? Noidentify where profits and losses have been generated and if the financial goals are being met ? Yes ? Nodetermine the adequacy of future cash flows ? Yes ? Noidentify all taxation liabilities ? Yes ? Noidentify critical dates and initiatives that will require or generate resources ? Yes ? Noappropriately allocate available resources, and how estimates were made for any new items ? Yes ? Nouse informed estimates if new items were required ? Yes ? Noidentify significant contingencies if any and recommend how they may be dealt ? Yes ? Noaddress any significant issues not already covered, and how to prioritise them ? Yes ? NoProfit and Loss Budget attached ? Yes ? NoCash Flow Forecast attached ? Yes ? NoResponsibilities and accountabilities attached ? Yes ? NoCommunication strategy attached ? Yes ? NoReport for CEO attached ? Yes ? Nocopies of the relevant documents cited or attached ? Yes ? No? N/ACommentsResult: Satisfactory / Not SatisfactoryAssessor: I declare that I have conducted a fair, valid, reliable, and flexible assessment with this student, and I have or will provide appropriate feedback Signature: ____________________________Date: ____/_____/_____

YOU MAY ALSO READ ...  Is Traidos Bank ethically justified in excluding Roche’s
Order from Academic Writers Bay
Best Custom Essay Writing Services

QUALITY: 100% ORIGINAL PAPERNO PLAGIARISM – CUSTOM PAPER