Project #94217 - Financial and Management Accounting

 

GROUP COURSEWORK ASSIGNMENT - OVERVIEW

 

 

 

  • Choose a business entity & name & do Market Research for your event

 

 

 

  • Draft a Contribution Statement making realistic assumptions about Price & Variable Costs & itemise them [based on Research]

 

 

 

  • Specify Capital Expenditure (Fixed Assets) needed, their cost, source (where purchased from), their useful life, depn method, etc [Research]

 

 

 

  • Consider likely Sales volume for the event (Assumptions)

 

 

 

  • Define your Payment terms from customers &  to suppliers (Assumptions)

 

 

 

  • Decide Opening & Closing Inventory of equipment/materials (Assumptions)

 

 

 

  • Calculate Break-Even Point, Margin of Safety & C/S ratio (Spreadsheet)

 

 

 

  • Draft a Purchases Budget, allowing for your event Inventory needs (Spreadsheet)

 

 

 

  • Consider ALL likely Overhead costs (expenses) & itemise them (Spreadsheet)

 

 

 

  • Prepare your Cash Budget based on all of above (Spreadsheet)

 

 

 

  • Prepare your Income Statement for the event (Spreadsheet)

 

 

 

  • Draft your Business Balance Sheet, reconciling the closing cash balance, the opening & closing inventory, closing debtors/creditors and your Profit or Loss (Spreadsheet)

 

 

 

 

 

  • BE CREATIVE but REALISTIC and TRANSPARENT throughout!!

 

 

 

 

ACC4A3 Financial and Management Accounting

 

 

 

Group Coursework Assignment

 

 

 

Initial Activities:-

 

·         Brainstorm Accounting words in reference to Biz Planning, e.g. budgets, etc., etc.

 

·         Link to: Prudence, Consistency, Viability & Accruals (matching)

 

·         Brainstorm Event ideas/concepts [budget min £50k/max £500k income/cost]

 

 

 

Maintain your portfolio, the elements will be assessed/fedback periodically as we progress

 

 

 

Form a Group & elect group members to take each of 6 roles:-

 

1.     MD/Strategic thinker/Leader

 

2.     Accounting/Finance/Admin

 

3.     Marketing/Public Relations

 

4.     Operations/Planning

 

5.     HR/Supervision/Management

 

6.     Sustainability/Business Development

 

 

 

I am your consultant & a resource for your thoughts, ideas & questions, so rain on me! 

 

 

 

Structure & Realism are key and vital, as are acumen, imagination, presentation & persuasion. 

 

 

 

Structure & Content of your Submission:-

 

Introduction/Executive Summary (your persuasive pitch)

 

Business Objectives, Mission and Vision

 

Marketing Research supporting the viability of your event

 

 

 

Timescales/Operational plan/Logistics/Resources required (Land, Labour, Capital, etc.)

 

 

 

Financing - debt/grants/share issue/personal finance, etc.

 

Assumptions made [any & all] - Venue/Location, Duration, Business entity, etc., etc., etc.

 

 

 

Produce ‘micro-budgets’ for a planned event (in appendices, with commentary* main body):-

 

 

 

A detailed Costing and Financial synopsis of your event:-

 

Contribution Statement

 

Break-even calculations

 

Margin of Safety

 

Materials

 

Equipment

 

Labour/Staffing/Supervision

 

HR - recruitment/training, etc.

 

Expenses/Overheads

 

Marketing/Advertising/Publicity/Promotion/

 

 

 

Income

 

Cash Budget

 

Financial Statements

 

Ratios: e.g. NP%, ROI, Acid Test, Debt/Equity, Asset T/O, EPS, etc.

 

 

 

Conclusion

 

 

 

Referencing & Bibliography (min. of 10 references, incl. some academic sources)

 

 

 

Word limit is between 1,000 & 1,500 words* - show word count on cover sheet + your event/business name, all group members’ names & their roles, module code & my name.

 

 

 

Final Blackboard submission by Thur. 20th November 2015 (week 10)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

bls 31.1.14

 

Subject Business
Due By (Pacific Time) 11/20/2015 12:00 am
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