Managing Finance and Operations Assignment - New Life Training plc

   

Added on  2020-10-22

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MANAGING FINANCE ANDOPERATIONS
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Table of ContentsINTRODUCTION...........................................................................................................................1A) An evaluation of operational and regulatory factors considered in the board.......................1B) Estimation of income and expenditure Projections for first 4 years......................................3C) Critical evaluation of the financial worth of the current proposal and an alternative option.4D) A detailed and fully evaluated concision with clear recommendations for the board...........7CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
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INTRODUCTIONManagement of finance operation and department are the essential requirement oforganisation. It is very important for an organisation to adhere the financial standards and rulesrelated to financial management and operation (Hettinger and Dolan-Heitlinger, 2011). There is afinancial projection and analysis of financial stability of New Life Training plc. There aretraining and facility of growing company and the finance management and operations aredefined in this report. Financial management and operation assist the organisational structure todetermine the requirement of financial resources and managing the resources for betterunderstanding the financial management are defined in this context. A) An evaluation of operational and regulatory factors considered in the boardOver view of case scenarioNew Life Training is one of the growing and developing organisation which has anauthorised share capital of £50 million and paid up shares are £1 ordinary shares and retainedearning of £10 million. There are 20 shareholders are identical share holdings are included in thisstructure. Sobia Schburt is the managing director of organisation and has a vision of the companyon the London stock exchange within 5 years. There are strategies and the plans for achievingthe targets are analysed in this context. Organisation is providing tuition services to students ofage group 5 years to 18 years of age. It is seen that the organisation is ruining its existingbusiness model fluently and effectively in terms of the quality control and curriculum designer ofcourses with the operational aspects. Board of the company analyse and reviewed the policies, procedures and protocolsrelated to building, Bespoke Training centre in East London. There are following activities willbe carried out like, Compulsory franchisee training,Evening sessions for East London School ChildrenPrivate letting facility to community groupIt is analysed that the estimated set up cost of building small building on land will be£1,100,000 in which reserves, over run and snagging of £100000 are included. The debtposition of organisation indicates towards following aspects such as 4 Full time equivalent tutors costing £30000 each per annumFTE admission cost worth £18000 each per year 1
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Overheads contains cleaning and power of worth £30 per day irrespective whetherbuilding is opened or not.By considering all the essential aspects operating and management theory is applied within organisation. There are some essential aspects are considered in to access the financial plan.Operational management theoryThis is the theory which is majorly associated with controlling the production andbusiness operation in more effective and effective manner (Moffett, Stonehill and Eiteman,2014). This contains some major operational responsibilities which certify the businessoperations in both the terms such as least amount of resources and necessary of meetingcustomers and clients for better understanding and dealing with financial problems and issues.This theory basically helps to analyse the viable economic conditions to manage better operationand management. Operation and management basically involves with managing process of rawmaterials, labour and energy which are changed over in goods and services. Creativity, skillsand knowledge of people, rational analysis and technological knowledge are considered essentialfor focusing upon effective operations and management (Soumadi and Hayajneh, 2012). As per above given scenario it is analysed that organisation has an estimated fund forsetup the small building cost of £1100000 and £100000 for reserve for over runs and snagging of£100000. Particulars2017/182018/192019/202020/21Expected Activity (Sessions)Franchise Training4896144144Student session190220220440Chargeablesessions238316364584Private Hire10010010016Total (max 600)338416464600Planned FeesPer person per sessionFranchise Training£60£60£60£60Student session£8£9£10£15Per session2
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