The true knowledge of financial information in today’s competitive scenario is very important so that the companies will not only know about their financial position as well as compete with their rivals. The present business environment is changing at a very fast pace so the corporate, now, strongly feel that working on the same traditional principles would not be fruitful so there is a need to adopt newer and modern strategies to gain profits (Drury, 2009).So, the financial data provides enough information on the working conditions of the business. In this report, techniques such as capital budgeting, activity based costing, budgets, forecasting techniques are discussed which helps to increase the productivity
This presentation shows the use of the reciprocal allocation method in order to overcome one of the main problems of the departmental cost allocation method in the field of management accounting.
El Programa de Salud Infantil (PSI) descrito por la Asociación Española de Pediatría de Atención Primaria (AEPap) incluye actividades de promoción, prevención y detección precoz de enfermedades desde el nacimiento hasta los 18 años. Este programa tiene el objetivo de alcanzar la mayor cobertura posible, destacando la intervención en grupos de riesgo, la promoción de la salud en todas las oportunidades -no solo en las visitas establecidas- y la flexibilidad para la captación y seguimiento en caso de niños y familias de riesgo.
Los profesionales de Enfermería son de gran relevancia en el seguimiento del PSI, desarrollando actividades de cribado, detección precoz, prevención, promoción, fomento del autocuidado y educación; además de intervenciones específicas desarrolladas con una metodología predefinida (diagnósticos de enfermería) que pueden contribuir a la mejora de la salud infantil.
This presentation shows the use of the reciprocal allocation method in order to overcome one of the main problems of the departmental cost allocation method in the field of management accounting.
El Programa de Salud Infantil (PSI) descrito por la Asociación Española de Pediatría de Atención Primaria (AEPap) incluye actividades de promoción, prevención y detección precoz de enfermedades desde el nacimiento hasta los 18 años. Este programa tiene el objetivo de alcanzar la mayor cobertura posible, destacando la intervención en grupos de riesgo, la promoción de la salud en todas las oportunidades -no solo en las visitas establecidas- y la flexibilidad para la captación y seguimiento en caso de niños y familias de riesgo.
Los profesionales de Enfermería son de gran relevancia en el seguimiento del PSI, desarrollando actividades de cribado, detección precoz, prevención, promoción, fomento del autocuidado y educación; además de intervenciones específicas desarrolladas con una metodología predefinida (diagnósticos de enfermería) que pueden contribuir a la mejora de la salud infantil.
The existing business environment is very turbulent so corporate houses find it very difficult in managing their financial statement. In such scenario, financial management plays significant role for the companies for managing and organizing their financial data and
statements. In the following study different financial tools and techniques will be applied on the London Woods company to analyze its financial performance which will help it in decision making.
Management Accounting Assignment Sample - Global Assignment HelpAmelia Jones
This is the sample assignment on Management Accounting for College students for their academic projects. You can also avail our assignment help & services at best price in minimum time.
The existing business environment is very turbulent so corporate houses find it very difficult in managing their financial statement. In such scenario, financial management plays significant role for the companies for managing and organizing their financial data and
statements. In the following study different financial tools and techniques will be applied on the London Woods company to analyze its financial performance which will help it in decision making.
Management Accounting Assignment Sample - Global Assignment HelpAmelia Jones
This is the sample assignment on Management Accounting for College students for their academic projects. You can also avail our assignment help & services at best price in minimum time.
cash Flows and Financial ForecastAs someone who already runs a b.docxtroutmanboris
cash Flows and Financial Forecast
As someone who already runs a business, it is hard to consider a new platform using an online store since my company is a service-oriented business. In fact, we do not offer any retail product However, as skilled craftsman, we do have the skill sets needed to create custom built wooden furniture for customers. This is a venture I have considered many times, but do not feel it is in our best interest to do so despite the potential earning capacity. I feel that the cannibalism to our niche will have too far an impact to change our operations in this way. For the purpose of this discussion, I will present a hypothetical 5-year financial forecast for the creation and sale of mission style living room furniture through an online marketplace.
To test the viability of the custom furniture market, we will only offer two products that can be purchased together as a set or separately. Coffee tables will sell for a price of $450 each and end tables will sell for a price of $325 each. We anticipate that we can manufacture no more than 2 of each of the products every month, totaling 24 per year. In order to start this project, we will need to invest in a new table saw for $3500. The saw has a salvage value of $500 and a life of 10 years. Using straight-line depreciation, the asset will depreciate at $300 per year during the initial 5-year period. We will assume a 28% tax rate for this venture leaving the after-tax cost of the saw $2520. To construct the tables, there will be an annual cost of $2,500 for lumber and $450 in finishing supplies and materials. Construction of tables will take an increased labor cost of $11,000 annually.
Projected Revenues and Expenses
Revenues
Year
1
2
3
4
5
End Tables @$325
$7,800.00
$7,800.00
$7,800.00
$7,800.00
$7,800.00
Coff. Tables @ $450
$10,800.00
$10,800.00
$10,800.00
$10,800.00
$10,800.00
Total Revenues
$18,600.00
$18,600.00
$18,600.00
$18,600.00
$18,600.00
Expenses
Year
1
2
3
4
5
Wages
$11,000.00
$11,000.00
$11,000.00
$11,000.00
$11,000.00
Equipment
$3,500.00
$250.00
$250.00
$250.00
$250.00
Lumber
$2,500.00
$2,500.00
$2,500.00
$2,500.00
$2,500.00
Finishing Supplies
$450.00
$450.00
$450.00
$450.00
$450.00
Depreciation
$300.00
$300.00
$300.00
$300.00
$300.00
Total Expenses
$17,750.00
$14,500.00
$14,500.00
$14,500.00
$14,500.00
Taxes, Profits, and Cash Flow
Year
1
2
3
4
5
Profit
$850.00
$4,100.00
$4,100.00
$4,100.00
$4,100.00
Taxes
$238.00
$1,148.00
$1,148.00
$1,148.00
$1,148.00
Net Profit
$612.00
$2,952.00
$2,952.00
$2,952.00
$2,952.00
Cash Flow
$912.00
$3,252.00
$3,252.00
$3,252.00
$3,252.00
The table above shows positive cash flows totaling $13,920 over the 5-year period. However, this number does not take into account the future value of present projections. We will assume an infla.
The base of a organization is totally depend on its finance and account. It is very important for growth of a company to manage its finance properly. Here is a report to describe about the finance management for an organization.
For more course tutorials visit
www.uopacc561.com
Purpose of Assignment This activity helps students recognize the significant role accounting plays in providing financial information to management for decision making through the evaluation of financial statements. This experiential assignment requires students to use ratios to evaluate and analyze
Making the business case for your intranetSam Marshall
How to make a winning business case for your intranet.
Slides from a workshop given for Ark Group. If you'd like a similar in-house session or help on this topic please contact sam@clearboxconsulting.co.uk
* What a business case looks like
* Understanding who you're trying to influence
* The benefits of an intranet
* Assessing options, priorities and costs
* Identifying risks
* ROI and why it can be a red herring
* Representing intangible benefits
* The case for re-launches or intranet consolidation
Home service management firms provide services to the families or the individuals to accomplish their daily routine household work. And in return they charge reasonable service charges. This concept of home service management helps families and individuals to save their precious time and energy. Further, they also get extra time to indulge in leisure activities, as now they don’t have to plan or bother about completing the household chores.
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Purpose of Assignment This activity helps students recognize the significant role accounting plays in providing financial information to management for decision making through the evaluation of financial statements. This experiential assignment requires students to use ratios to evaluate and analyze a
FOR MORE CLASSES VISIT
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Purpose of Assignment This activity helps students recognize the significant role accounting plays in providing financial information to management for decision making through the evaluation of financial statements. This experiential assignment requires students to use ratios to evaluate and analyze a company’s liquidity, solvency, and profitability. Two-Rivers Inc. (TRI) manufactures a variety
Long term decision-making for health and social care
Long term decision-making for health and social care
Long term decision-making for health and social care Long term decision-making for health and social care Long term decision-making for health and social care Long term decision-making for health and social care Long term decision-making for health and social care Long term decision-making for health and social care
Defining investment:
A current commitment of £ for a period of time in order to derive future payments that will compensate for:
• the time the funds are committed
• the expected rate of inflation
• uncertainty of future flow of funds
For more course tutorials visit
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Case Study 1 (Part A)
Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books;
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Purpose of Assignment This activity helps students recognize the significant role accounting plays in providing financial information to management for decision making through the evaluation of financial statements. This experiential assignment requires students to use ratios
Similar to Managing Financial Principles and Techniques Assignment Sample (20)
Tourism can be seen as one of the key industries in world as it contributes more than 10% in global economic output along with one out of ten jobs, (WTTC, n.d). This statement of World Travel & Tourism Council indicates the importance of tourism industry in world economy. In current scenario world tourism industry is booming and so as in Britain. It is the key competitor for this industry and rated 7th in the world for number of visitors as well as their spending.
This report will provide the understanding of the environment under which this industry operates. This report includes the study of history and structure of travel and tourism, national policies about this sector and effect of changes in policies. This study also includes impacts of industry developments as well as effects of supply and demand.
The significance of strategic planning for organizations in current highly competitive business environment is evident and systematic and strategic planning is required must for companies that aspire to become a major player in the respective industry. Strategic analysis is considered as the objective assessment and understanding the existing market condition of a company and the costs and capabilities that forms a foundation for the development of strategic process (Graham, 2008). This analysis helps in applying creativity with numerous opportunities that can be used to build and enforce a strong strategic plan in a new or existing market.
Canada is known as being diverse, very progressive and multicultural. Although the Canadian, until the year of 1940s were just considered in terms of French and English language, cultural and political identities as well as to some extent also aboriginal. Ukrainian and German Canadians ethnicity were suspects at the time of First World War, as they were initially enemy states citizens. There was an issue about Anti-semitism in Quebec, Jewish Canadian were believe that Quebec Catholic Church connected Jews with liberalism, radicalism and several other objectionable values on their according (PALMER, 2012). While the United States black ex-slave refugees were tolerated, Asian or African racial minorities were usually believed “beyond the pastel” by missing a morality sense. The mood started shifting dramatically at the duration of Second World War. Nonetheless, the Japanese Canadians were jailed in war as well as their properties were also confiscated. Earlier to the Canadian Multiculturalism advent in Canada, in the context of equal acceptance of religions, races and cultures was accepted as the Canadian government official policy in the 1970s and 1980s, in the prime ministership of Pierre Elliot Trudeau (Canadian Multiculturalism Act, 2012). The government of Canada has been described the multiculturalism instigator as a philosophy, for the reason its public concentrates on social importance of immigration rights in 1960 plus its successor in 1982 the Canadian Charter of Rights and Freedom. The Canadian laws did not give much in the path of civil rights as well as it was generally a concern of courts. From the period of 1960s the Canadian has placed prominence on inclusiveness and equality for all people.
As the modern businesses faces pressure of competition and globalization, the roles and responsibilities of Human Resources managers has transformed completely (Storey, 1999). The long-term demand of the HR manager has increased significantly, however the global supply of talent is becoming very short. In this competitive market place for labor and product, the major challenge or gap is the problem of manpower everywhere (Deb, 2006). Now each and every organization, in order to succeed in the market is in great need to place more emphasis on human resource managers (The strategic importance of human resource development, 2004). This is because of the fact that they are playing a strategic role in this contemporary business world. In this changing global labor market conditions, HR managers along with the firms should be able to adapt their human resource practices accordingly. Here, in this research report the strategic role of Human Resource Manager for the success of the organization is being reflected by taking a case Hotel Holly House (Kapur, n.d).
With the collapse of US mortgage market due to sub-prime lending, the global financial system is completely shattered. The UK financial markets were also not able to resist to this economy fall-down. The combination of credit crunch and falling housing market resulted in a recession in the UK market (Richardson, 2011). Recession can be defined as fall in real GDP of a country. Alternatively, it can be defined as, for the two consecutive quarters, if economic growth shows negative trend; i.e. if there is a fall in the real output of the country for consecutively six months (King and Cushman, 1997).
In the recent market, there is a growth in the project management aspects. Many of the company are handling the project on the basis of the tools and the techniques of the project management. Project management is the process through which the company is able to plan the task or the activity involved in a project and can manage the resources required for every task. The time taken by every task or activity is the biggest issue that is managed by the company administration for future benefits. Due to the implementation of the project management concept, the company is able to deliver the product at the right time to the customers. The management of the resources is done in such a way that the company is able to utilize the available resources efficiently and effectively. Every task in the process of production is interconnected to each other. The delay of one activity can hamper the whole process of production. It is the major aim of the project management to provide the special quality of the product to the market at a reasonable price and at correct time. Due to the project management, it becomes easy for the management to prepare the budget of the project before the processing it.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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Managing Financial Principles and Techniques Assignment Sample
1. Assignment
Managing Financial Principles and Techniques
Type of Documents : Assignment
No of Words : 2,500
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Table of Contents
Introduction..................................................................................................................................... 1
Case 1.............................................................................................................................................. 1
LO1: Be able to apply cost concepts to the decision-making process............................................ 2
1.1 The importance of costs in the pricing strategy of Oak Tree Nursery...................................... 2
1.2 Cost System for Oak Tree Nursery........................................................................................... 2
2.2 Sources of funds available to Oak Tree Nursery for the possible increase in sales.................. 5
3.3 Actual expenditure and income to the master budget of an organization are compared ……. 7
3.4 Budgetary monitoring processes that can be used in Oak Tree Nursery ................................. 7
LO4 Be able to recommend cost reduction and management processes for an organization........ 8
4.1 Process that could be manage cost reduction in Oak nursery.................................................. 8
4.2 The potential for the use of activity based costing in Oak Tree Nursery ................................ 8
5.2 A justified strategic investment decision for Oak Tree Nursery using relevant financial
information..................................................................................................................................... 10
5.3 Appropriateness of a strategic investment decision using information from a post audit
appraisal. ........................................................................................................................................ 10
Case 2.............................................................................................................................................. 11
LO6: Interpreting Financial Statements.......................................................................................... 11
6.1 Financial statements to assess the financial viability of an organization.................................. 11
6.2 Financial ratios to improve the quality of financial information in an organization’s
financial statements......................................................................................................................... 11
References....................................................................................................................................... 13
Online references ............................................................................................................................ 13
Books and Journals ......................................................................................................................... 13
4. 4
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Figures and tables
Figure 1 cost chart........................................................................................................................... 4
Figure 2 revenue chart.................................................................................................................... 5
Table 1 personnel plan.................................................................................................................... 1
Table 3 revenue forecast................................................................................................................. 5
Table 5 ratios Vodafone................................................................................................................ 11
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INTRODUCTION
The true knowledge of financial information in today’s competitive scenario is very important so
that the companies will not only know about their financial position as well as compete with their
rivals. The present business environment is changing at a very fast pace so the corporate, now, strongly
feel that working on the same traditional principles would not be fruitful so there is a need to adopt newer
and modern strategies to gain profits (Drury, 2009).So, the financial data provides enough information on
the working conditions of the business. In this report, techniques such as capital budgeting, activity
based costing, budgets, forecasting techniques are discussed which helps to increase the
productivity (McMillan and Camara, 2012).
Case 1
This is a case about a person who has an experience of 17 years in the field of child management and
is now coming with a nursery named as ‘Oak tree Nursery’. For this, he will give £15000 and will arrange
£25000 form the bank. Around 13 admissions are expected in the first year with a minimal growth in first
year and will reach up to a capacity of 150 at the end of 2 years of business. The projected revenues are
£138,000 in the first year and £300,000 by 2015. The management is anticipating a drop in revenue
of 100 per month. Here is the table of financial years 2013, 2014 and 2015 which is being predicted.
FY 2014
£25,071
£61,440
£21,600
8
FY 2015
£26,324
£64,512
£22,680
8
FY 2013
£23,877
£21,760
£11,400
4
Nursery Director
F/T Nursery teachers
P/T Nursery teachers
Total People
Total Payroll
£113,516£57,037 £108,111
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LO1: Be able to apply cost concepts to the decision-making process
1.1 The importance of costs in the pricing strategy of Oak Tree Nursery
The main decision in front of any corporate is to decide over what pricing strategy it will apply on its
goods and services. And before deciding over any price it is necessary to have complete knowledge
about the cost incurred by it in the production process. Since the main aim of all the companies is to earn
profits and this will increase when the cost will be less than the price of its goods because then only they
will be able to generate a positive cash flow so cost is the main factor in deciding about the price
(Atrill and McLaney, 2002).
In the case give here, it can be said that the pricing strategy of ‘Oak tree Nursery’ will also depend on its
costs. For it, the main source of cash inflow is the fees from the students. The main expense will be
salary of part and full time staffs, purchasing stationery and toys, various learning instruments and
developing modern techniques of teaching in classes. So, the nursery has to decide its prices according to
the costs so that it will not incur losses and will be able to generate a positive cash flow. In this regard the
fees structure decided by it has a lot of importance so at the end of the year it can make profits (Amato,
2012).
1.2 Cost System for Oak Tree Nursery
There are mainly two types of costs, mainly fixed costs, which is on fixed assets and variable costs,
which is incurred on variable activities. There is another type also known as one time cost which is done
one time only (Chartered Institute of Management Accountants, n.d).
The costing system for ‘Oak tree Nursery’ will be as follows-
• Fixed costs – these will be
Rent
• Variable costs – these are
Stationery
Utility bills
Toys
Salaries and wages
• One time cost- these are
legal charges
Promotional expenses
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LO4 Be able to recommend cost reduction and management processes for an organization
4.1 Process that could be manage cost reduction in Oak nursery.
It is a fact that the master budget provides the true picture of the financial position of the company. In a
similar manner, the master budget of nursery also shows that it will have a loss during the first two
years. It is because its expenditure is more than its income so it has to work towards increasing its profits.
For this, it can apply the following solutions-
• Apart from the bank, it can raise funds from various sources like government securities and equity
shares.
• It should expect that it has to increase the number of admissions from 13 to a little more.
• It should either decrease the salary of temporary staff or reduce the number of permanent staff so the
expenditure can be reduced (Brookson, 2000).
4.2 The potential for the use of activity based costing in Oak Tree Nursery
Activity based costing is that when a company calculates the costs of each of its activity during the
production of its goods and services. Through this, it will be aware of the expenditure of individual
activity so that it can relate to the pricing of its production. This technique requires a lot of labor and is
too expensive so can be afforded by big corporate only (Berry and Jarvis, 2005).
Since, Oak Tree Nursery is a new establishment and does not have much funds so it will be difficult for it
to apply this type of costing so it will be advisable for the nursery to not to use this at so much early
stage because at present it neither has the man power nor the capital (Tysiac, 2013).
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References
• Drake, P. http://www.ouwb.ohiou.edu/stinson/Classes2009/fin_formulas.pdf >[Accessed on 16
February 2013].
• Financial Ratio Formulas. [pdf]. Available through <Parrott, W. 2009. Management Accounting –
Financial Strategy. [pdf]. Available through
<http://www.cimaglobal.com/Documents/ImportedDocuments/P9may2009fmarticle.pdf >[Accessed
on 15 February 2013].
• Peavler, R. n.d. Budgeting - What is a Master Budget?. [online]. Available through
<http://bizfinance.about.com/od/businessbudgeting/qt/budget-planning-what-is-a-master-budget.htm >
[Accessed on 16th
February 2013].
• Performance Monitoring. http://www.bized.co.uk/educators/16-
19/business/strategy/lesson/performance.htm 2005. [online]. Available through<>[Accessed on 15
February 2013].