2. Monthly Management Digest
2
Current Setup (Next Slides for Details)
o One integrated excel file.
o Month wise reports for expenses, sales, production and
other income.
o Newer and better basis of allocation introduced and
accepted with consensus.
o Adequate graphical presentation.
o One Page analysis of Stock in trade.
o One page analysis of customer wise sales.
o Reasoning for Variation in other income.
o Endeavor to reduce quantity .
3. 3
1. One integrated excel file avoid risk that updating links may
skipped and no more linking problem due to insertion of rows or
column into one excel file.
2. Month wise reports is the key feature of analysis and tell the
management what was actually happened in the particular
month. Expenses and Other income reports reveals is there any
under or overstatement by comparing trend with preceding
months, production report reveal month wise product yield of
finished and semi-finished products and help to understand its
impact on Month wise GRM, Sales reports reveal product wise
quantity and price variance and its impact on profitability.
3. Allocation of product sales into segment significantly impact
profitability of each segment, It was required that basis of
allocation should be very clear and reasonable enough, and
current mechanism have such characteristics.
4. Charts and graph aid to understand trend and make comparison
of things relatively easy.
Monthly Management Digest (Current Setup Details)
Continued Next Slide
4. 4
5. Stock in trade having significant impact on profitability, By
incorporating one page analysis sheet, Now management can
sight what role has inventory play in determination of profitability.
6. Customer wise and product wise sales shows share of customer
in each product compare to corresponding period.
7. Reasoning for Variation in other Operating income is an important
aspect as other income constituted significant share in total
profitability.
8. Conciseness of information can easily grasp and quite effective
for decision making purposes.
Monthly Management Digest (Current Setup Details)
5. Annual Operating Budget
5
Current Setup (Next Slides for Details)
o One integrated excel file.
o Can change with ease.
o No doubt on accuracy due to no external linking of
excel files.
o Directly linked with Board presentation.
o Try to avoid unnecessary formatting.
6. 6
1. Same as Management Digest.
2. Preparation of Operating Budget is based on forecasting and
projection, Hence, changes in basis and assumptions would be
possible at last moment and due to one integrated excel file it is
possible to change with ease.
3. Time saving now possible on manual checking as one integrated
excel file ensure accuracy and proper linking of figures.
Annual Operating Budget (Current Setup Details)
7. 7
Other related Assignments
1. Product-wise Gross Refining Margin System
• Analysis of factors which contributed in GRM earned.
• Product wise Contribution in GRM earned.
• Product , Sales & inventory relationship of each product.
2. Plan Vs Actual Expenses
• Scrutinized expense variation.
• Examining appropriateness of actual expense charging to
cost centers and cost elements and time to time various
wrong classification were reported and corrected.
3. Segment - wise Balance Sheet and Cash Flow Statement
• Basis of allocation were used as per nature and class of
balance sheets items.
• Completed but need a feedback from superiors.
8. 8
Future Plans and Objectives
1. Keen to learn upcoming SAP ECC 6 FI and Controlling
Module.
2. Looking for venues (i-e ACCA or other professional body
events and seminars), where I can expand my knowledge
bank and try its application in my own working style where
and when possible.
3. To further improve budgetary controls, it is require to held
pre budget meetings with departments.
