HWI Deliverables – June 2015 to February 2016
1. Stabilised the Finance Department by introducing formalised processes like balance sheet reconciliations, improved profit and loss reporting, cash flow forecasting, and annual stocktaking. This included identifying issues and recommending improvements.
2. Recruited a new UK Country Accountant and provided training and support.
3. Introduced processes to improve financial planning, analysis, costing, stock management, and reporting. This involved implementing quarterly standard costs, weekly material counts, monthly targets, and enhanced analysis of production and cost variances.
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If you want to get customized help regarding any assignment from our experts, Please contact us @ www.assignmentconsultancy.com or mail us to support@assignmentconsultancy.com
WE provide services for all the assignments such as
Portfolio Management Assignment, Valuation Analysis, DCF Valuation, Discounted Cash Flow, Time value of money, capital formation, equity valuation, dividend discount model, cash flow analysis, valuation of the firm through free cash flow, bond valuation, techniques of project evaluation, like net present value and internal rate of return, Short rate model, Financial capital, Financial modeling, Financial Analysis, Financial Accounting, financial forecasting, understanding of company and its future
Bad Neuenahr Gesundheitstag 2011: Sprechstunde OsteoporoseNatur_und_Medizin
Offene Sprechstunde zum Thema Osteoporose, die Dr. Michael Elies auf dem Gesundheitstag in Bad Neuenahr durchgeführt hat. Organisiert von Natur und Medizin e.V.
Cablevision has just hired a new director of budgeting, LACEY DUBOIS.pdfajantha11
Cablevision has just hired a new director of budgeting, LACEY DUBOIS, CPA.
List all the different divisions and businesses that are part of Cablevision.
1- Discuss and explain the various types of budgets needed to be prepared
2- Discuss and explain what information that is available will be used to prepare the budgets.
a- What is a master budget?
b- Define participative budgets and do they work?
c- Compare budgeting to responsibility accounting.
d- Discuss various businesses Cablevision operates.
f- Use the Internet to obtain data on Cablevision.
Solution
1 - Master Budget - It summarizes projected activity by way of a cash budget, budgeted income
statement and budgeted balance sheet.
Operational Budget - It covers revenues and expenses surrounding the day-to-day core business
of a company.
Cash flow Budget - It examines inflows and outflows of cash in a business on a day-to-day basis.
Financial Budget - It outlines how a business receives and spends money on a corporate scale.
Static Budget - It contains elements where expenditures remain unchanged with variations to
sales levels.
2 - i) Prepare an outline of the organization\'s planned future activities.
ii) Determine and record available funds.
iii) Estimate and record expected income and when it will be available.
iv) Define and record needed expenses (advertising, rental, printing, supplies etc.)
v) Review, revise and then assemble into a final budget.
vi) Have a budget approval.
vii) Budgets must be flexible to anticipate conditions which might have been overlooked during
the planning process.
a - A Master Budget is a set of inter-connected budgets of sales, production costs, purchases,
incomes etc. It is a plan of future financial transactions.
b - Participative Budgets are budgeting processes under which thoes people impacted by a
budget are actively involved in the budget creation process. They tends to result in greater efforts
by employees to achieve what they predicted in the budget.
c - Budgets are useful for controlling operations. Responsibility Accounting is a part of
management accounting that involves accumulating and reporting revenues and costs on the
basis of the manager who has the authority to make the day-to-day decisions about the items.
d - Cablevision operates industry leading products and services including advanced digital
television, voice and high-speed internet services, valuable local media and programming
properties etc..
Bad Neuenahr Gesundheitstag 2011: Sprechstunde OsteoporoseNatur_und_Medizin
Offene Sprechstunde zum Thema Osteoporose, die Dr. Michael Elies auf dem Gesundheitstag in Bad Neuenahr durchgeführt hat. Organisiert von Natur und Medizin e.V.
Cablevision has just hired a new director of budgeting, LACEY DUBOIS.pdfajantha11
Cablevision has just hired a new director of budgeting, LACEY DUBOIS, CPA.
List all the different divisions and businesses that are part of Cablevision.
1- Discuss and explain the various types of budgets needed to be prepared
2- Discuss and explain what information that is available will be used to prepare the budgets.
a- What is a master budget?
b- Define participative budgets and do they work?
c- Compare budgeting to responsibility accounting.
d- Discuss various businesses Cablevision operates.
f- Use the Internet to obtain data on Cablevision.
Solution
1 - Master Budget - It summarizes projected activity by way of a cash budget, budgeted income
statement and budgeted balance sheet.
Operational Budget - It covers revenues and expenses surrounding the day-to-day core business
of a company.
Cash flow Budget - It examines inflows and outflows of cash in a business on a day-to-day basis.
Financial Budget - It outlines how a business receives and spends money on a corporate scale.
Static Budget - It contains elements where expenditures remain unchanged with variations to
sales levels.
2 - i) Prepare an outline of the organization\'s planned future activities.
ii) Determine and record available funds.
iii) Estimate and record expected income and when it will be available.
iv) Define and record needed expenses (advertising, rental, printing, supplies etc.)
v) Review, revise and then assemble into a final budget.
vi) Have a budget approval.
vii) Budgets must be flexible to anticipate conditions which might have been overlooked during
the planning process.
a - A Master Budget is a set of inter-connected budgets of sales, production costs, purchases,
incomes etc. It is a plan of future financial transactions.
b - Participative Budgets are budgeting processes under which thoes people impacted by a
budget are actively involved in the budget creation process. They tends to result in greater efforts
by employees to achieve what they predicted in the budget.
c - Budgets are useful for controlling operations. Responsibility Accounting is a part of
management accounting that involves accumulating and reporting revenues and costs on the
basis of the manager who has the authority to make the day-to-day decisions about the items.
d - Cablevision operates industry leading products and services including advanced digital
television, voice and high-speed internet services, valuable local media and programming
properties etc..
1. HWI Deliverables – June 2015 to February 2016
1. Stabilisedthe Finance DepartmentfromJune toOctober2015;
a. Introducednewformalisedbalancesheetreconciliation’s
b. Improved the ProfitandLossreportingandassociatedreportingto the US Parent;
c. Reported the state of the balance sheettoPittsburghalongwithrecommendations
for improvement tothe balance sheet;
d. Produceda detailedreportonthe Finance departmentprocess,people andsystems;
e. Introducedformal cashflow forecasting
f. Put inplace definedprocessesforthe formal annual stocktake
g. Introducedanumberof cost savingmeasuresaroundthe use of office stationery,
stock,telephones,office cleaningandrecycling;
h. Identifiedfailingsinthe FIFOrevaluationprocess
2. RecruitedanewUK CountryAccountant
3. Trained,supportedandmentoredthe UKCountryAccountant
4. Trainedandsupportedthe operational andcommercial teamsonthe preparationof the
2016 AOP;
5. Introducedanewprocessfor the preparationandmanagementof the standardcost
process,movingthe processfromanannual change, to a quarterlychange instandard
costing,thusenablingamore fluidandreactive costbase;
6. Startedand ledonprojectsrelatingto:
a. Improvementsinthe Stockmanagement,including:
i. Improvingthe measure of bulkandbinstock
ii. Accountingforwastage andscrap
iii. Continual managementandimprovementsinstockmanagementandstock
counts
b. Implementationof anew telephonysystem
c. Implementationof anew recyclingpolicy
d. Implementationof anew processfor the managementof Precastjobs
e. The strategicpoliciesrelatingtothe outsourcingof pensionmanagement
7. Carriedoutthe interviewprocessforthe recruitmentof a new SeniorFinance lead
8. Implementedanew12 month Forecastingprocess;
9. Implementedchangestothe rolesand responsibilitiesof the transactional finance team, in
orderto betteralignthemwiththe business
10. Implementednew processesforFinancial PlanningandAnalysis,includingthe
implementationof monthlytargetsaroundcashflow,DPOandDSO;
11. Enhancedthe Finance capabilitytocarry outreviewsof the accountingvariancesfor
production,material andLabourcosts;
12. Improvedthe analysiscapabilityof the Finance teaminorder tobetterunderstandthe
commercial positionof the UKBusiness
13. Implementedimproved stocktake processes,movingthe stocktake froman annual affairto
a quarterlyaffair,includingthe implementationof weeklycountson10 of the top30
material items;
14. Playedanactive part of the 3 personseniormanagementteaminthe UK.
