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Managerial Finance Assignment Solved - Coach Inc

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Added on  2020-11-12

Managerial Finance Assignment Solved - Coach Inc

   Added on 2020-11-12

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MANAGERIALFINANCE
Managerial Finance Assignment Solved - Coach Inc_1
Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1Profit And Loss Account.............................................................................................................1Balance Sheet..............................................................................................................................2Cash Budget................................................................................................................................3Cash Flow....................................................................................................................................5Report for managing director .....................................................................................................6CONCLUSION ...............................................................................................................................7REFERENCES................................................................................................................................8
Managerial Finance Assignment Solved - Coach Inc_2
INTRODUCTIONThe term Managerial Finance as is apparent from its meaning is used for taking financialjudgement which have managerial implication. A manager will rather be curious what thefinancial calculations or figures mean. It is the branch of finance that concerns itself with themanagerial significance of finance techniques (Alhassan, 2015). It is focused on assessmentrather than technique. This report covers that preparing Financial statements of coach Inc. of twomonths of September and October such as forecast profit and loss account, forecast balancesheet, Prepare cash budget for cash balance in the end of the month for determining the phasingof the cash budget for result, also prepare month end cash flow for cash balance September toFebruary 2019. Draft a report for managing director to analysis customer terms 30 days or 60days. MAIN BODYProfit And Loss AccountProfit and loss statement or Income statement is a detailed statement showing revenues,expenses, costs in summarized form prepared for a particular period of time. It is a part offinancial statements and prepared at the end of financial year (Kopparthi and Kagabo, 2013 ).Net profit of Coach Inc. is calculated with the help of this record. It shows ability of profitgeneration through improving revenue or cost reduction. Complexity of preparing P&L increaseswith increase in size of organization. P&L is provided to comply with law (Nguyen andNghiem, 2015). Components of it are cost of sales, revenue, closing stock, opening stock. Fromthese, gross profit is determined in first section. Then, operating expenses are reduced from grossprofit to arrive at operating profit. After that, non-operating revenues as well as expenses aretaken into account to ascertain net revenue.Trading Account of Coach Inc. (September & October) Particular AmountParticularAmountTo Opening balance18000By sales69500To Purchase17200By closing stock6200To Gross Profit40500Total75700Total75700Profit and Loss account of Coach Inc. (September & October) Particular AmountParticularAmount1
Managerial Finance Assignment Solved - Coach Inc_3

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