Management Accounting: Financial Performance, Risks, and Master Budget

Management Accounting

Contents
INTRODUCTION...........................................................................................................................................3
MAIN BODY.................................................................................................................................................3
An overview of the expected results for the 2022/23 year including total revenue, operating expenses
and expected final cash position.............................................................................................................3
Compare the financial performance of each product and make recommendations about how to
improve the individual and overall profitability of the sustainable products range. Where appropriate
use industry data.....................................................................................................................................3
Identify three major risks for the business in 2022/2023, quantify these risks in terms of the potential
impact on the profit and loss statement and provide recommendations on how to mitigate them.......4
Explain how the master budget you have prepared can assist LEGO to plan for different ‘what-if’
scenarios and help them to pivot according to changes in economic conditions....................................6
CONCLUSION...............................................................................................................................................6
REFERENCES................................................................................................................................................7