Evaluation of Monthly Control Report for Amana Ltd. and Analysis of Online Trade Decision

Accounting

Contents
Contents...........................................................................................................................................2
INTRODUCTION...........................................................................................................................1
PART A...........................................................................................................................................1
Evaluation of monthly control report which is presenting the budget of flexible, original,
variances......................................................................................................................................1
B) Analyse the performance or action of this company for the financial year 2019-20 with the
help of control report which is prepared above...........................................................................3
C) Suggest the CEO of Amana Ltd. with the improvable path...................................................4
PART B...........................................................................................................................................4
Present and examine the Mr. Amana's decision to go with the online mode and discuss about
the settlement of own online shop or trade with Amazon by considering the total costs............4
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
A budget is a procedure of symmetry the income, expenses and corporal goals for a
specific period of time. In other words, it is an estimation of the amount that organization needs.
They require to expend over the specific period of time such as an month, quarterly, half yearly
and an year. It is essential to prepare a budget before implement the activity or plan for all the
business firm. It includes the list related to the expenses and revenues that an company needs to
focused on the execution of the plan. It has been prepared by an individual, group of human
beings, business, MSME government and so on that aids to expend and maximize the
profitability (Ahn, Hoitash, and Hoitash, 2020). In this report, the explanation presents monthly
control's statements. These statements are crucial part of the organization for showing the real
and forecast budget of Amana ltd. It also aids to evaluate the variances on the basis of
differences.
PART A
Examination of monthly control report that is showing the flexible, original budget and
variances.
Control report on the basis of month: It consists the necessary and essential data or
information which relates with the several kind of direct and indirect cost like wages, salaries,
overhead and expenses. It is beneficial for the strategic manager of the company to search out the
total activities cost which has been expended to check out the cost that can be maximized. It also
provides the organization's internal data about earnings and incurring the cost that can occur in
future in a specific time period. It also states the deviations that is exist there in actual as well as
standard so it ios very easy for the business firm to taking the decisions to take down the
variances (Calabor, Mora, and Moya, 2019).
Original budget: It involves the budget that has prepared on the basis of previous data and the
assumptions or the production level as well. The business firm finds it very easy to evaluate the
performance of further year. It also aids in analysing the profits of the organization in further
period. It comprises the comparison between the fixed budget and the actual figure for the
company's income and expenses.