Task 11 prepare a profit loss statement and a balance

This preview shows page 19 - 24 out of 45 pages.

Task 11: Prepare a Profit & Loss Statement and a Balance Sheet from the following Trial Balance.
Managing Finance, Assessment No. 1 Page 19 v1.1, Last updated on 08/09/2014
T-1.8.1 As at 30 June 2014 $ $ Balance sheet Managing Finance, Assessment No. 1 Page 20 v1.1, Last updated on 08/09/2014
T-1.8.1 As at 30 June 2014 $ $ Week 4: Task 12: Sources of Finance Managing Finance, Assessment No. 1 Page 21 v1.1, Last updated on 08/09/2014
T-1.8.1 You are owner of a manufacturing company. Due to increased competition in the marker you are planning to open a new product line. This involves a certain amount of investments and requires capital. You are planning to approach financial institutions to apply for financing. What are the different sources you can manage finance for your business? __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ Task 13: Clarification of budgets and financial plans: In a retail environment where floor staff may have scope to vary the price of products sold what information might the store management need to pass to various sales work groups in respect to issues such as cost and discounts that might impact on sales budgets being achieved? __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ Task 14: Financial plans and negotiation for changes What are the potentially positive impacts of consultation and agreement on budget goals between management and staff responsible for achieving required budget goals in respect tonsuring budget goals are met? _________________________________________________________________________________ _________________________________________________________________________________ _________________________________________________________________________________ _________________________________________________________________________________ _________________________________________________________________________________ Task 15: Risk management and Prepare Contingency Plan Part a: What is risk management? Explain the various methods available for treating risk. Managing Finance, Assessment No. 1 Page 22 v1.1, Last updated on 08/09/2014
T-1.8.1 ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ Part b: What is involved in selecting the appropriate contingency plan? ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ Task 16: Risk Management Can risks be avoided in an organisation? Explain your answer. ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ Task 17: Succession planning: Describe the steps involved in ‘Succession Planning’. __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ Week 5 Task 18: GST Calculations Managing Finance, Assessment No. 1 Page 23 v1.1, Last updated on 08/09/2014

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture