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Introduction to Accounting & Financial Management

   

Added on  2021-05-31

20 Pages3538 Words310 Views
Running head: ACCOUNTING & FINANCIAL MANAGEMENTAccounting & Financial Management Name of Student:Name of University:Author’s Note:

ACCOUNTING & FINANCIAL MANAGEMENT1Table of ContentsIntroduction......................................................................................................................................2Part 1:...............................................................................................................................................0Part 2:...............................................................................................................................................0Products or services.....................................................................................................................0Forecasting technique..................................................................................................................0Analysis of forecasts....................................................................................................................0Statutory requirements.................................................................................................................0Collection of comparative and trend information to support budget...........................................0Negotiation strategy to acquiring funding for business project...................................................1Records maintained to ensure up-to-date information about resource allocations and usage.....2Reporting budget performance and expenditure..........................................................................2Risk return analysis......................................................................................................................2Budget monitoring.......................................................................................................................2Part 3:...............................................................................................................................................3Reports that require lodging by this company according to ASIC..............................................3Analyse these financial records by applying the horizontal and vertical analysis.......................3Organisations financial decisions will serve to meet the organisations planned outcomes.............7Conclusion:......................................................................................................................................7References and Bibliography...........................................................................................................8

ACCOUNTING & FINANCIAL MANAGEMENT2IntroductionThe organisation provides services related to manufacture packing materials and providethird party logistics services across Australia. The company will produce high quality packingmaterial for “variety of food, beverage, pharmaceutical, medical-device, home and personal-careand other products”. Some of the main third-party logistics functions performed by the companyincludes “cross docking, Transportation services, Cross-docking, Inventory management,Packaging and different types of freight forwarding services and warehousing” (Evans 2015).

Part 1:Start-up RequirementsStart-up ExpensesFixed CostsParticulars Amount ($)Premises (RENT & RATES)$12,000Staff Expenses$8,500Accountant Fees$15,000Payroll Tax$15,200Occupancy and equipment expenses$4,200Advertising, marketing and loyalty$1,139Postage & Telephone$12,500Transaction Processing and market data$1,475Fees and Commissions$186Interest on loan 10%$2,100Information technology and service expense$1,941Preliminary expenses$2,000Lease payments$12,000Total Fixed Costs$88,241Average Monthly CostsRent$1,000Lease payments$1,000

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