This assignment is a comprehensive case study and report centered around the financial management unit BSBFIM601. The task involves analyzing a case study of Houzit Pty Ltd, a retail chain, and preparing a detailed financial report. The student is required to develop a sales budget, profit budget, cash flow budget, and an aged debtors summary, all divided into quarterly periods, utilizing provided financial data and adhering to organizational policies. The report includes budget notes with explanations of profit and loss drivers, comments on the effectiveness of existing financial management approaches, assumptions made, and implementation considerations. Furthermore, the assignment requires the student to communicate information about the budget and answer questions based on a provided case study scenario, demonstrating their understanding of financial planning, analysis, and reporting within a business context. The case study also involves recommending a new accounting system that meets legislative and statutory requirements for small to medium businesses.
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