BSBFIM801 manage financial resources Assessment 1

BSBFIM801

manage financial resources

Assessment 1

 

Submitted by:

<Student name>

<Student Id>

 

 

Introduction:

 

< Imagine that you have just started a new business and you wish to convince the bank to finance your enterprise

 

 

Part 1:

 

Financial Plan:

 

 

Using the template at the following web link, prepare a financial plan that includes a cash flow forecast, balance sheet forecast and break even analysis for your new business:

 

http://ift.tt/1ROtrk9

 

 

 

 

Part 2:

 

Financial Report

 

 

  • Products or services:

Describe the products or services that your business will produce.

 

 

 

 

 

 

  • Forecasting technique:

Identify which type of forecasting technique you will use to develop further financial forecasts.

 

 

 

 

 

  • Analysis of forecasts:

How will you analyse these forecasts?

 

 

 

 

 

 

  • Statutory requirements:

What statutory requirements do you need to consider in preparation of your budget?

 

 

 

 

 

 

 

 

 

 

  • Collection of comparative and trend information to support budget:

Describe how you will collect comparative and trend information to support your budget?

 

 

 

 

 

 

 

 

 

 

  • Negotiation strategy to acquiring funding for business project:

Explain your negotiation strategy with the bank manager relating to acquiring funding for your business project.

 

 

 

 

 

 

 

 

 

  • Records maintained to ensure up-to-date information about resource allocations and usage:

Describe the records that you will maintain to ensure up-to-date information about resource allocations and usage

 

 

 

 

 

 

 

 

  • Reporting budget performance and expenditure:

How will you report budget performance and expenditure?

 

 

 

 

 

 

 

 

 

 

  • Risk return analysis:

Explain the risk factors associated with your business idea and the expected returns?

 

 

 

 

 

 

 

 

 

  • Budget monitoring:

Describe how you plan to monitor the budget in the event of deviations.

 

 

 

 

 

 

 

 

 

Part 3:

 

<Obtain financial statements from a company already in existence and undertake an analysis of these statements by answering the following questions>

 

  • Explain the reports that require lodging by this company according to the Australian Security and Investment Commission (ASIC)

 

 

 

 

 

 

 

  • Analyse these financial records by applying the horizontal and vertical analysis methods.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Explain whether you think that the organisations financial decisions will serve to meet the organisations planned outcomes.

 

 

 

 

 

 

 

 

 

 

 

 

Conclusion:

 

 

 

 

 

 

 

 

 

References

 

The post BSBFIM801 manage financial resources Assessment 1 appeared first on Homeworkacetutors.



CLICK HERE TO ORDER THIS PAPER………………………NO PLAGIARISM Get 100% Original papers from the writing experts Logo     CLICK HERE TO GET A PROFESSIONAL WRITER TO WORK ON THIS PAPER AND OTHER SIMILAR PAPERS, GET A NON PLAGIARIZED PAPER FROM OUR EXPERTS……

Comments

Post a Comment

Popular posts from this blog

Access AHIMA: What is Health Information

Image
  Reflection Students are encouraged to create portfolios and begin to "manage" their careers. When you began a college education you took the first step. You now need to begin to reflect on the next goal, then medium, and long-term goals. I did not complete my final degree until well into my 50's. And that is fine, I loved my health care career. I was eager to care for patients and did not leave direct patient care for many decades. I did know the time would come to do so however, and began to earn the college degrees I would need at the proper time. This is what is meant by managing your career. This is an entry level program. It is designed to assist you in getting your "foot in the door" where you can learn valuable clinical skills. A common and important degree is the Bachelor of Health Information Management (BS-HIM). This is a reflective assignment. After you have earned your Associate Degree, what would you like to do next? Explore your next step in Care...
Read more

Discuss the notion that firms should stop doing business with customers who constantly generate losses versus the notion that the customer is always right.

Image
  Discuss the notion that firms should stop doing business with customers who constantly generate losses versus the notion that the customer is always right.   Assignment status :    Get solution from our writing team CLICK HERE TO ORDER THIS PAPER AT PrimeWritersBay.com PAPER COMPLETED BY OUR WRITING EXPERTS    FREE FROM PLAGIARISM  
Read more

Discern leadership approaches that facilitate achievement of health outcomes through interprofessional collaborative practice within micro-, meso-, and macro-level systems

Image
  Leading a Culture of Excellence Paper Purpose The purpose of this assignment is to consider the value of a culture of excellence and leadership strategies which support a culture of excellence within the student’s selected MSN track.   Students will identify organizational characteristics which support a culture of excellence.   In addition, students will identify an existing organizational mission, vision, and values and create an original concept map to portray the interrelationships between each element.   The extent to which the organizational mission, vision, and values reflect a culture of excellence will be examined.   Leadership strategies which promote a culture of excellence and support the Chamberlain Care Model®will be applied.   Course Outcomes Through this assignment, the student will address the following Course Outcomes: ·          CO #1 - Discern leadership approaches that facilitate ...
Read more