Importance of Cash Flow Statement PDF
Added on -2021-02-21
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Research Assessment
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................31.1 Assessing the objectives of clients........................................................................................31.2 Identifying the legal and financial requirements while establishing and financing abusiness.......................................................................................................................................41.3 Developing suitable plan for achievement of clients goal....................................................41.4 Reviewing of the plan and communicating the results thereof.............................................51.5 Identification and monitoring of clients needs......................................................................61.6 Continuous and regular feedback from client.......................................................................61.7 Poor customer services and ways to overcome those shortfalls...........................................7TASK 2............................................................................................................................................72.1 Advice on reliability and accuracy of the data......................................................................72.2 organizational procedures, statutory requirements and standard financial reportingprinciples ....................................................................................................................................82.3 analysis of revenue and cost in accordance to the accounting standards..............................92.4 Analysis of data and report in accordance with the financial analysis techniques...............92.5 Evaluation of information related to the financial performance.........................................102.6 Analyses the consistency in context to the business and personal objectives.....................102.7 Assess the financial potential of the business through the evaluation of businessperformance...............................................................................................................................11TASK 3 .........................................................................................................................................113.1 Realistic view of the business financial performance and the compliances.......................113.2 The methods to convey information to the clients..............................................................133.3 identify the risk, contingencies and future cash flow..........................................................133.4 Alternative sources and features of short term and long term finance................................15CONCLUSION..............................................................................................................................15REFERENCES..............................................................................................................................17
INTRODUCTIONResearch assessment is used by the organization to find the area od development and innovationfor their company. Amcor limited is a packaging company in Australia. It used the paper, plasticand different raw material for the packaging of the product. They provide safety to the products.Amcor limited is a manufacturing company. The report highlights the objectives of theorganization, legal and financial requirement, business plan and financial strategies and thevarious ways to monitor the business plan. It helps to understood the in which they can improvetheir performance like getting feedback from clients, evaluating performance etc. it also help toimplement the business policies, different statutory bodies and accounting standards in theorganization. The report gives the various measure to evaluate the profitability, efficiency andfinancial stability of the Amcor limited company. It highlights the importance and components ofcash flow and the advantages and disadvantages of long term and short term finacing. TASK 11.1 Assessing the objectives of clientsa) Goals of businessThe goal of the business refers to as the reason because of which the company exists andis running the business. The vision of the Amcor is to become a premier in packaging solutionprovider in each and every market in which they operates or works (Corporate GovernancePolicies and Standards, 2019). Another goal of Amcor is to reduce the emission by 60 % till theyear 2029/ 30. b) Critical things to be discussed in relation to the needs of clientThe understanding of the needs and expectation of the client is very important andnecessary. This is because of the reason that the company is successful only when the customersbuy the products or the services of the company. If the customer does not like the products andservices then they will not use them and if they will not use them then the company will have tosuffer loss. Before manufacturing the products or the services the Amcor company should do a indepth study of their consumers (Cai and Szeidl, 2016). Who they are, what they need for whatreason, what is their level of income, what they expect in the product and all the related details.
This is done in order to understand the requirement of the consumers so that they are satisfied bythe use of product or services.c) Documentation of clients needsDocumenting is the very important step because it is not necessary that a personremembers every thing in detail which is required by the consumers. So it is very crucial torecord or document each and every objective and the requirement of the consumers so that therequirements are met and the company earns profits.1.2 Identifying the legal and financial requirements while establishing and financing a businessa) Finance options for businessFinance or money is the major requirement of the company because without money not asingle task can be performed or carried forward. It is not necessary that the company has enoughfunds to carry on the business for whole business life (Cheng, Yang and Sheu, 2014). It has toborrow money form other sources for the continuation of the business. For this there are manysources through which the money can be raised. These different options are as follows-Debt- this is defined as the loan taken from any person, bank or any financial institutionwhich provides a definite amount of money for a specified period of time (Löfsten,2014). This money has to be paid back to the lender as and when the specified period oftime lapses. The money is to be paid along with some interest charges which theborrower has to pay. Equity- it is the source of finance within which the company sells a part of its business tothe outsiders in form of shares of the company. In this type of finance the company doesnot have to repay the amount till the company winds up. b) Licenses required for starting a businessBefore starting up the business the company has to take license form the Australiangovernment and also the state government where the company is operating. c) Tax consideration for the business in accordance with Tax Assessment Act, 1997For t he tax purpose the deferred tax assets and liabilities are taken at the tax ratesapplicable to the period in which they are expected to be realized. It follows the Goods andService Tax policy. 1.3 Developing suitable plan for achievement of clients goala) Components of business plan
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