Manage Finances

Running head: MANAGE FINANCES
Manage Finances
Name of the Student:
Name of the University:
Author’s No

1MANAGE FINANCES
Executive Summary
The study sheds light on the formulation and implementation of the financial plan for the
Ed’s Whitegoods where the discussion has been done through identifying the profitability and
performance measurement. The study has provided idea on the budget planning and
profitability analysis. The study undertakes a discussion with the management personnel to
gain the effectiveness into the implementation of the new business plan. Further, the study
undertakes a discussion on the separate meeting with the finance manager to evaluate the
possibility of earning profit and opportunity to implement the financial plan. Finally, the
study undertakes a risk management process trough monitoring each level of implementation
of the plan.

2MANAGE FINANCES
Table of Contents
Introduction................................................................................................................................3
List of all personnel....................................................................................................................3
Part B..........................................................................................................................................4
Discussion with the finance manager.........................................................................................4
Budget plan................................................................................................................................4
Sales forecasting.........................................................................................................................5
Forecasted Financial statements.................................................................................................5
Forecasted income statement.................................................................................................5
Forecasted cash flow statement..............................................................................................6
Forecasted balance sheet........................................................................................................6
Risk management and monitoring.............................................................................................7
Conclusion..................................................................................................................................8
References..................................................................................................................................9

3MANAGE FINANCES
Introduction
Financial plan has been identified as the best way to strategies the future investment.
Financial plan helps in identifying the future requirements in terms of monetary and
inventory requirements. The plan includes the identification of the performance through the
evaluation of the profit and loss. The financial plan is associated with the business plan.
Hence, this can be said that in the development of the future business plan a financial plan
development is highly required. Therefore, for the better understanding of the business plan
the study has included an explanation of the future business plan for the Ed’s Whitegoods.
The study has included a business plan through acquiring knowledge and advice from the
management personnel of the company. The study has provided idea on the budget to identify
the cost and formulated balance sheet to discuss the possible financial position of the
company.
List of all personnel
Before formulation of the business plan the discussion with the management
personnel will be done. A meeting will be arranged to understand their point of view for the
business plan in the upcoming financial year. The list of the personnel has been shown below:
1. Operation manager.
2. Store manager
3. Head of the sales department
4. Finance and accounts manager
5. Marketing executive and manager
6. Branch sales manager
7. Distributer /Supplier