The document discusses planning for profit growth in 2017 and presents a new budgeting method. It introduces typical budgeting methods that start by setting expenses and then determine sales needed to cover costs. The new method presented starts by determining the desired profit level, then adds estimated expenses, and sets the sales target needed to achieve the profit goal. The final section discusses bridging any gaps between the sales target and last year's actual sales through revisiting expenses and sales estimates.

1. www.hanrickcurran.com.au
Planning for Profit Growth
in 2017
Cairns Chamber of Commerce
Resilient Business Series
Presenter: Robert Pitt

2. experience. new thinking
Profit?

3. experience. new thinking
Typical Budgeting Methods

4. experience. new thinking
A Better Way

5. experience. new thinking
How?
Start Here

6. experience. new thinking
Section 1 -
How much Profit?

7. experience. new thinking

8. experience. new thinking
Section 2 –
Now add expenses

9. experience. new thinking

10. experience. new thinking
Section 3 –
Sales Target

11. experience. new thinking

12. experience. new thinking
Revisit Expenses & Sales
SALES TARGET
=
SALES FROM
LAST YEAR

13. experience. new thinking
Bridging the Gap

14. experience. new thinking
Locus of Control

15. experience. new thinking
Questions

16. Disclaimers
This document contains information in summary form and discusses proposed but not
legislated rules and is therefore intended for general guidance only.
It is not intended to be a substitute for detailed research or the exercise of professional
judgement. It does not purport to be comprehensive or to render professional advice.
The reader should not act on the basis of any matter contained in this publication
without first obtaining specific professional advice.
We believe that the statements made by us in this document are accurate but no
warranty of accuracy or reliability is given. Our conclusions are based on
interpretations of accounting standards and other relevant professional
pronouncements and legislation current as at the date of this document. Should the
interpretations, accounting standards, other relevant professional pronouncements or
legislation change, our conclusions may not be valid.
© Hanrick Curran, 2016
All rights reserved
experience. new thinking