Excel Consultants: Performance Review and Debtor Management

This report provides a comprehensive analysis of Excel Consultants' financial performance, focusing on the period of 2022-2023. It reviews the profit and loss statement, cash flow statement, and aged debtor summary to evaluate the company's financial health. The analysis includes a comparison of actual performance against budgeted figures, highlighting variances in income and expenses. The report identifies areas where the company exceeded expectations, such as net income, and areas needing improvement, such as controlling expenses. Furthermore, it addresses the conference costs, proposing revisions to the budget and pricing strategy for future events. The financial management practices of the company, including budgeting and variance analysis, are assessed for effectiveness. Overall, the report concludes that Excel Consultants performed well but recommends stricter expense control to enhance profitability. The document is available on Desklib, a platform offering a wealth of study resources including past papers and solved assignments.

MANAGE FINANCE

Table of Contents
INTRODUCTION.................................................................................................................................3
MAIN BODY........................................................................................................................................3
Part A................................................................................................................................................3
CONCLUSION.....................................................................................................................................5
REFERENCES......................................................................................................................................6

INTRODUCTION
Manage finance is a term used to demonstrate analysis about the financial
performance of the organisation. This project will discuss about the performance of the
organisation on the basis of the gross profit margin and other respective profitability margins.
Variance calculation will also present on actual versus budgeted cost and profitability margin.
Audit will also conduct on the financial position of the organisation.
MAIN BODY
Part A
Net income of the company is more than the anticipated profit margin which clearly
demonstrate that company has perfumed better than the expected. Performance of the
company is a strong indicator about how the organisation has perfumed actually in the
respective target market. Net profit is a strong indicator about the overall performance of the
organisation in respective target market. This is one of the core feature that support to the
organisation to demonstrate about the profitability and the performance of the venture in
respective target market. Net income of the company is in total 1333600 which is better than
the anticipation organisation has done. This is a very strong indicator about the performance
of the venture in respective target market. Profitability is always a clea and static measure to
discuss about the overall performance in respective market (Le and et.al., 2018). This aspect
discusses the fact that how effectively the organisation is performing in the market. Company
could also control its expenses which could further support the Consultancy Pvt limited to
improve its overall performance in comparison to the expected values or figures. Earlier the
organisation has also anticipated that is net income would be 1273000 but in comparison to
that the actual net income of the organisation found as 1333600 which is better than the
expected values of net profit margin. Total surplus after deducting all expenses is also more
than the expected values of expenses. This could further demonstrate the fact that the
organisation is performing better than the expected margin or standards. Operating profit of
the company is identified as 46.93% which is also a effective in its own way. All these
aspects clearly reflect on the fact that the organisation is performing better in comparison to
the anticipated values or figures determined by the organisation. Profitability is always a
strong indicator about the performance of the organisation and it is expected that the
organisation is achieving better performance than the expected standard.

The variance is identify for the income as consulting fees is identified as -6.87%
negative demonstrate the fact that company has earned more than the budgeted values.
Workshop could make a variance of 25% this is a negative indicator as budgeted is mro than
actual figure. Publication is also positive variance of 60% as the organisation could not earn
well in comparison to the expected values (Muhmad and Muhamad, 2021). Executive search
is 0% which indicates that both budgeted and actual is same values.
Salary and wages are 0% in variance. Accounting fees are -13.72% which reflect that
actual is more than the budgeted one. Overall the expenses are variance as -6.38% which
mean that actual is more than the budgeted one.
On the basis of the entire audit is done it has anticipated that company has incurred its
expenses more than the expected values or figures. This is not a positive indicator on the
ground that the organisation had a chance to perform better. It can state that with proper
practices company could control its expenses that would support to the overall performance
of the venture in respective target market.
This is recommended that the company can control its expenses in order to increase
its overall performance. Controlling expenses would help and support to the organisation to
perform better in the market.
Proposed fees for conference are 63000. This would allow the organisation to earn at
least a profit margin of 20%. This is a fee that would allow the company to support its
profitability.
Financial management process of the company is effective. The company has adopted
a variance technique to evaluate its overall performance in the respective market. The
financial management practice involves budgeting that would cover all possible expenses of
the organisation that it will incurred in the upcoming financial years (Shabbir and Wisdom,
2020). Income related observation is also done to support the proper financial management
practices. This practice is totally effective as it guide the company to make proper strategies
to control its expenses and maximise its profits.

CONCLUSION
Overall Consultancy pvt limited has performed better than the anticipated one.
Company could acheive a better profit margin which demonstrate that overall the
performance iof organisation is better.

REFERENCES
Books and Journal
Le, H. L. and et.al., 2018. Impact of working capital management on financial performance:
The case of Vietnam. International Journal of Applied Economics, Finance and
Accounting. 3(1). pp.15-20.
Muhmad, S. N. and Muhamad, R., 2021. Sustainable business practices and financial
performance during pre-and post-SDG adoption periods: a systematic review. Journal
of Sustainable Finance & Investment. 11(4). pp.291-309.
Shabbir, M. S. and Wisdom, O., 2020. The relationship between corporate social
responsibility, environmental investments and financial performance: evidence from
manufacturing companies. Environmental Science and Pollution Research. 27(32).
pp.39946-39957.