Mountain Bicycle Pvt. Ltd. Financial Budget Report Q3-Q4
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Budgets and Financial plans
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Table of Contents
Overview of Budget
Financial Objective of Business
Description of Budget
Managing Expenses
Monitor Expenses
Key Requirements of Record Keeping
Performance Goals of Team
References
Overview of Budget
Financial Objective of Business
Description of Budget
Managing Expenses
Monitor Expenses
Key Requirements of Record Keeping
Performance Goals of Team
References

Overview of Budget
The budget is an estimate of all the expenses that will take place in one
financial year.
It aids in controlling the costs of the organization.
The budget of Mountain Bicycle Pvt. Ltd needs to be reviewed properly
to manage the expenses.
The company management should establish proper control over the
budget.
The budget is an estimate of all the expenses that will take place in one
financial year.
It aids in controlling the costs of the organization.
The budget of Mountain Bicycle Pvt. Ltd needs to be reviewed properly
to manage the expenses.
The company management should establish proper control over the
budget.
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Financial Objective of Business
To achieve desired Objectives.
To control the unnecessary costs.
To closely monitor and evaluate the performance of the firm.
To enhance the productivity and the profitability of the company.
To achieve desired Objectives.
To control the unnecessary costs.
To closely monitor and evaluate the performance of the firm.
To enhance the productivity and the profitability of the company.
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Description of Budget
Budget Q3 Q4
Budgeted Actutal Budgeted Actutal
Revenue
Commissions 17,500 15,000 17,500 15,000
Direct wages fixed 50,000 50,000 50,000 50,000
Sales 700,000 800,000 700,000 600,000
CoGS 100,000 95,000 100,000 95,000
Gross Profit 532,500 640,000 532,500 440,000
Expenses
General Adm. Exp.
Travel 5,000 6,000 5,000 6,000
Legal Fees 1,250 1,150 1,250 1,150
Bank charges 150 150 150 150
Office supplies 1,250 1,000 1,250 1,000
Postage and printing 100 125 100 125
Dues and subscriptiona 125 150 125 150
Telephones 2,500 2,800 2,500 2,800
Payroll Tax 6,250 6,250 6,250 6,250
Budget Q3 Q4
Budgeted Actutal Budgeted Actutal
Revenue
Commissions 17,500 15,000 17,500 15,000
Direct wages fixed 50,000 50,000 50,000 50,000
Sales 700,000 800,000 700,000 600,000
CoGS 100,000 95,000 100,000 95,000
Gross Profit 532,500 640,000 532,500 440,000
Expenses
General Adm. Exp.
Travel 5,000 6,000 5,000 6,000
Legal Fees 1,250 1,150 1,250 1,150
Bank charges 150 150 150 150
Office supplies 1,250 1,000 1,250 1,000
Postage and printing 100 125 100 125
Dues and subscriptiona 125 150 125 150
Telephones 2,500 2,800 2,500 2,800
Payroll Tax 6,250 6,250 6,250 6,250

Managing Expenses
The expenses are managed from the basis of previous
budget.
The expenses are compared with the base budget to
make comparison.
Allocation of costs according to the requirement of
materials.
Keeping a check on the monthly expenses.
The expenses are managed from the basis of previous
budget.
The expenses are compared with the base budget to
make comparison.
Allocation of costs according to the requirement of
materials.
Keeping a check on the monthly expenses.
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Monitor Expenses
Keep a track of financial activities.
Compare the performance with previous
budget as a base.
Evaluate the areas where expenses are more.
Analyze the trends of sales.
Keep a track of financial activities.
Compare the performance with previous
budget as a base.
Evaluate the areas where expenses are more.
Analyze the trends of sales.
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Key Requirement of Record Keeping
Records should be easily understood.
Records should be kept well filed in
accordance to the dates.
Records should have proper and signed
Invoices.
Records should be kept for a minimum of 7
years.
Records should be easily understood.
Records should be kept well filed in
accordance to the dates.
Records should have proper and signed
Invoices.
Records should be kept for a minimum of 7
years.

Performance Goals of Team
To achieve higher Profitability.
To reduce unnecessary costs.
To monitor the expenses.
To keep proper records.
To achieve set targets in stipulated period of
time.
To achieve higher Profitability.
To reduce unnecessary costs.
To monitor the expenses.
To keep proper records.
To achieve set targets in stipulated period of
time.
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References
Oral, C., & CenkAkkaya, G. (2015). Cash flow at risk: A tool for financial
planning. Procedia economics and finance, 23, 262-266.
Doye, D. G., & Sahs, R. (2016). Using enterprise budgets in farm
financial planning.
Verstina, N. G., Akimova, E. M., Kisel, T. N., Chibisova, E. Y., & Lukinov, V.
A. (2015). Financial planning at small construction enterprises at the
formation stage. International Journal of Economics and Financial
Issues, 5(3S), 217-223.
Sahi, S. K. (2017). Psychological biases of individual investors and
financial satisfaction. Journal of Consumer Behaviour, 16(6), 511-535.
Oral, C., & CenkAkkaya, G. (2015). Cash flow at risk: A tool for financial
planning. Procedia economics and finance, 23, 262-266.
Doye, D. G., & Sahs, R. (2016). Using enterprise budgets in farm
financial planning.
Verstina, N. G., Akimova, E. M., Kisel, T. N., Chibisova, E. Y., & Lukinov, V.
A. (2015). Financial planning at small construction enterprises at the
formation stage. International Journal of Economics and Financial
Issues, 5(3S), 217-223.
Sahi, S. K. (2017). Psychological biases of individual investors and
financial satisfaction. Journal of Consumer Behaviour, 16(6), 511-535.
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