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Managing Financial Resources Project Report

   

Added on  2020-09-08

17 Pages5360 Words20 Views
FinanceProfessional Development
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Managing FinancialResources
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TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1Scenario analysis....................................................................................................................1Forecasted financial projection:.............................................................................................2Source of finance....................................................................................................................4Importance of financial planning............................................................................................5Financial models.....................................................................................................................7Accounting techniques.........................................................................................................10Factors that influence the availability of financial resources...............................................12Performance Indicator..........................................................................................................13Rationale of the scenario......................................................................................................13Assumption of the model......................................................................................................13Limitations............................................................................................................................14CONCLUSION..............................................................................................................................14REFERENCES..............................................................................................................................15
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INTRODUCTIONBusiness needs sufficient amount of capital to run their operations in an effective manner.Every organisation whether related to small and large requires to conduct their transactions withproper finance. This will assist them to control and manage their everyday transactions in aneffective manner. There are various sources from which a company can gather funds such asinternal and external. This project report includes crucial aspects to help entrepreneurs todetermine the available amount of capital for the purpose of expanding their business operations.This project assessment provides vital information by analysing the mentioned scenario.Under this summative assessment most of the matter are explain about encouraging work basedissues those are associated with accounting techniques. There are certain financial models isbeing discussed under this to enable third party to make use of it in more appropriate manner. Onthe basis of financial model some specific problems and their effective solution to managementis been delivered to control their up coming losses. The overall project is providing crucialanalysis of various aspects those are associated with the financial models (Austin and Pinkleton,2015).Scenario analysisAccording to the mentioned case scenario, it has been seen that D’ecorEnventsManagement is a perfect catering business which is trading since January, 2014. This company ismainly dealing in freshly baked and event cakes. According to their mentioned businessdescription about their cake manufacturing operation, it has been seen that they do not havesufficient amount of profit from their sale of baked cakes. The total cash balance they are havingat the end of the last year is just about 4.4500.Incomes statement of D’ecor Envents Management Particular AmountSales : 3600+500-3503750Less: ExpenseFixed cost expenditure :£50 550Value of ingredients £800800Salary expense £70770Transportation cost expense 220Interest charge 690.96Total expense3030.961
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Less: Tax 20%750Net profit of loss19.04Cash Flow for 2017Cash in3750Other earnings0Total Cash in3750Cash flow outLabour770Stock cost800Transportation expense220Fixed bills550Loan690.96Total Cash out3030.96Total Net cash flow 719.04Cash flow budgeting 2017Net cash flow719.04Opening Balance500Closing Balance1219.04Forecasted financial projection:Incomes statement of D’ecor Envents Management Plan for 2018Sales 4090ExpenseFixed cost expenditure :550Value of ingredients400Salary expense 840Transportation cost expense240Interest charge690.96Total expense2720.96Less: Tax 20%818Net profit of loss551.04Cash Flow improved for 2018Cash in3750Other earnings0Total Cash in3750Cash flow outLabour770Stock cost4002
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