VISK2010D
Team: Finance
Company name: Gifts For Life
V.P: Tran Dai Nghia 436010
Dang Phuong Mai 435359
Bui Thuy Huong 4405...
OUTLINE
I. Introduction
II. Report
1. Finance Team introduction
2. Gantt Chart & Activity-on-node
3. Estimated and final c...
FINANCE TEAM INTRODUCTION
Name Roles
Tran Dai Nghia
Cooperates with CEO and other departments,
Receives investment from IS...
GANTT CHART
ID Activity Description Start Finish
9-Aug
10-Aug
11-Aug
17-Aug
20-Aug
21-Aug
22-Aug
24-Aug
31-Aug
1-Sep
2-Sep...
ACTIVITY – ON – NODE (AON)
A B DC
E GF
H
I
J
K
L
M N P QO
R TS
Week Ending
Income from Sales 17-Aug 24-Aug 31-Aug 7-Sep Total
Eco friendly bag 75000 300000 450000 300000 1,125,000.00
Ke...
THE COMPANY’S FINAL PROFIT
Income from Sales 17-Aug 24-Aug 31-Aug 7-Sep Total
Eco friendly bag 75,000 90,000 1,410,000 1,5...
ESTIMATED CASH FLOW
SPREADSHEET
Week
Ending
Cash Flow 10-Aug 17-Aug 24-Aug 31-Aug 7-Sep
Cash At Start of Project
1,000,000...
FINAL CASH FLOW SPREADSHEET
Week Ending
Cash Flow 10-Aug 17-Aug 24-Aug 31-Aug 7-Sep
Cash At Start of Project
1,000,000
Cas...
FINAL PRODUCTIVITY
Team Name Worked Hours
R&D and Purchasing 33:55:00
Manufacturing 45:00:00
Finance 33:20:00
Marketing an...
FINAL PRODUCTIVITY
Categories Results
Number of units sold 112 units
Revenue 1,706,000VND
Profit 556,000 VND
Productivity ...
FINAL PRODUCTIVITY
• Productivity = (VND earned) ÷ (Total Hours Worked
by All Team Members on All Teams)
= 1,706,000 VND ÷...
TOTAL NUMBER OF ITEMS SOLD
Items Quantity
Eco Friendly Bag 105
Key Chain 2
Badge 2
Pen 3
Total 112
MEASURE USED TO DETERMINE
THE EFFECTIVENESS OF FINANCE
 Financial Measure:
Minimizing cost to boost revenue (1,893,000 V...
Start
Initial
Investment
from
ISVNU
Pay money
for making
sample
products
Pay money
for raw
materials
Receive money
from se...
FINANCE’S CONTRIBUTION TO
COMPANY SUCCESS
• Setting a fair price:
– To satisfy customers’ need
– To get profit to do chari...
TIME LOG SUMMARY
Keuka ID#
Family & Middle
Name
Given Name
Enter Hours
Worked
Notes:
436010 Tran Dai Nghia 6:30:00
Coopera...
LESSONS FROM TEAM MEMBERS
• Improving team-working skills
• Applying theories on practice
• Calculating budget and cash fl...
Finance final project
Upcoming SlideShare
Loading in …5
×

Finance final project

414 views

Published on

Published in: Economy & Finance, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
414
On SlideShare
0
From Embeds
0
Number of Embeds
2
Actions
Shares
0
Downloads
4
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Finance final project

  1. 1. VISK2010D Team: Finance Company name: Gifts For Life V.P: Tran Dai Nghia 436010 Dang Phuong Mai 435359 Bui Thuy Huong 440537 Doan Quynh Trang 436007 Le Mai Anh 435373 Lai Thi Tam 435372
  2. 2. OUTLINE I. Introduction II. Report 1. Finance Team introduction 2. Gantt Chart & Activity-on-node 3. Estimated and final company’s profit 4. Estimated and final cash flow spreadsheet 5. Final productivity 6. Total number of items sold 7. Measure used to determine the effectiveness of finance 8. Process Flow Chart for Finance 9. Finance’s Contribution to company success 10. Time log summary 11. Lessons from team members III. Conclusion
  3. 3. FINANCE TEAM INTRODUCTION Name Roles Tran Dai Nghia Cooperates with CEO and other departments, Receives investment from IS VNU, Approves papers Dang Phuong Mai Cooperates with Manufacturing Department to check inventory Bui Thuy Huong Cooperates with Manufacturing Department to check inventory Doan Quynh Trang Collects information to prepare for financial budget, Calculates weekly cash flow from operations Lai Thi Tam Collects bills, Calculates profits gained from sales Le Mai Anh Prepares financial budget, and Draws flowchart for Finance department
  4. 4. GANTT CHART ID Activity Description Start Finish 9-Aug 10-Aug 11-Aug 17-Aug 20-Aug 21-Aug 22-Aug 24-Aug 31-Aug 1-Sep 2-Sep 3-Sep 4-Sep 5-Sep 6-Sep 7-Sep 10-Sep 11-Sep 12-Sep 13-Sep A First receiving 1,000,000VND from IS-VNU 9-Aug 9-Aug B Meeting with team members to evaluate the project. 9-Aug 9-Aug C Work with team members to identify activities. 9-Aug 9-Aug D Assign responsibilities to members of team. 9-Aug 9-Aug E Project activities starting. 10-Aug 10-Aug F Pay money for making sample products 10-Aug 10-Aug G Collect bills making sample products from R&D department 10-Aug 10-Aug H Set prices for products 10-Aug 10-Aug I Receive money from selling sample products 11-Aug 11-Aug J Pay money for raw materials 17-Aug 17-Aug K Collect bills paying for raw materials from R&D department 20-Aug 20-Aug L Calculate esimated budget and cash flow 21-Aug 21-Aug M Report activities 22-Aug 22-Aug N Cooperate with other departments to check inventory weekly 17-Aug 7-Sep O Receive revenue from selling products from Sales and Marketing department 31-Aug 7-Sep P Summarize activities 7-Sep 7-Sep Q Return 1,000,000 VND to IS-VNU 7-Sep 7-Sep R Calculate final budget and cash flow 10-Sep 10-Sep S Report Class project 11-Sep 13-Sep T Give profit to do charity in Hoa Binh Orphanage Center 13-Sep 13-Sep
  5. 5. ACTIVITY – ON – NODE (AON) A B DC E GF H I J K L M N P QO R TS
  6. 6. Week Ending Income from Sales 17-Aug 24-Aug 31-Aug 7-Sep Total Eco friendly bag 75000 300000 450000 300000 1,125,000.00 Key chain 42000 21000 21000 21000 105,000.00 Pen 22000 22000 22000 66,000.00 Badge 15000 15000 15000 45,000.00 Total 117,000.00 358,000.00 508,000.00 358,000.00 1,341,000.00 Cost of Goods Sold 17-Aug 24-Aug 31-Aug 7-Sep Total Eco friendly bag 50000 200000 300000 200000 750,000.00 Key chain 34000 17000 17000 17000 85,000.00 Pen 18000 18000 18000 54,000.00 Badge 10000 10000 10000 30,000.00 Total 84,000.00 245,000.00 345,000.00 245,000.00 919,000.00 Profit 17-Aug 24-Aug 31-Aug 7-Sep Total Eco friendly bag 25,000.00 100,000.00 150,000.00 100,000.00 375,000.00 Key chain 8,000.00 4,000.00 4,000.00 4,000.00 20,000.00 Pen - 4,000.00 4,000.00 4,000.00 12,000.00 Badge - 5,000.00 5,000.00 5,000.00 15,000.00 Total 33,000.00 113,000.00 163,000.00 113,000.00 422,000.00 ESTIMATED COMPANY’S FINAL PROFIT
  7. 7. THE COMPANY’S FINAL PROFIT Income from Sales 17-Aug 24-Aug 31-Aug 7-Sep Total Eco friendly bag 75,000 90,000 1,410,000 1,575,000 Key chain 42,000 42,000 Pen 44,000 44,000 Badge 45,000 45,000 Total 117,000 90,000 1,499,000 - 1,706,000 Cost of Goods Sold 41,138 41,145 41,152 41,159 Total Eco friendly bag 50,000 60,000 940,000 1,050,000 Key chain 34,000 34,000 Pen 36,000 36,000 Badge 30,000 30,000 Total 84,000 60,000 1,006,000 - 1,150,000 Profit 41,138 41,145 41,152 41,159 Total Eco friendly bag 25,000 30,000 470,000 - 525,000 Key chain 8,000 - - - 8,000 Pen - - 8,000 - 8,000 Badge - - 15,000 - 15,000 Total 33,000 30,000 493,000 - 556,000
  8. 8. ESTIMATED CASH FLOW SPREADSHEET Week Ending Cash Flow 10-Aug 17-Aug 24-Aug 31-Aug 7-Sep Cash At Start of Project 1,000,000 Cash In for Week 150,000 105,000 1,542,000 Cash Out for Week 1,150,000 33,000 1,000,000 Weekly Cash Flow from Operations 1,000,000 (1,000,000) 105,000 1,509,000 (1,000,000) Cumulative Cash Balance 1,000,000 - 105,000 1,614,000 614,000
  9. 9. FINAL CASH FLOW SPREADSHEET Week Ending Cash Flow 10-Aug 17-Aug 24-Aug 31-Aug 7-Sep Cash At Start of Project 1,000,000 Cash In for Week 117,000 90,000 1,499,000 Cash Out for Week 1,150,000 33,000 1,000,000 Weekly Cash Flow from Operations 1,000,000 (1,000,000) 90,000 1,466,000 (1,000,000) Cumulative Cash Balance 1,000,000 - 90,000 1,556,000 556,000
  10. 10. FINAL PRODUCTIVITY Team Name Worked Hours R&D and Purchasing 33:55:00 Manufacturing 45:00:00 Finance 33:20:00 Marketing and Sales 74:00:00 Operations 35:00:00 CEO 15:40:00 Total worked hours 236:55:00
  11. 11. FINAL PRODUCTIVITY Categories Results Number of units sold 112 units Revenue 1,706,000VND Profit 556,000 VND Productivity 7,200.74VND/hour
  12. 12. FINAL PRODUCTIVITY • Productivity = (VND earned) ÷ (Total Hours Worked by All Team Members on All Teams) = 1,706,000 VND ÷ 236.92 hours = 7,200.74 VND/ hour
  13. 13. TOTAL NUMBER OF ITEMS SOLD Items Quantity Eco Friendly Bag 105 Key Chain 2 Badge 2 Pen 3 Total 112
  14. 14. MEASURE USED TO DETERMINE THE EFFECTIVENESS OF FINANCE  Financial Measure: Minimizing cost to boost revenue (1,893,000 VND estimated) & earn profit (584,000 VND estimated) Returning on investment Doing charity
  15. 15. Start Initial Investment from ISVNU Pay money for making sample products Pay money for raw materials Receive money from selling sample products Wait for customers’ order Receive money from selling products Revenue Return on investment Do charity End Process Flow Chart for Finance
  16. 16. FINANCE’S CONTRIBUTION TO COMPANY SUCCESS • Setting a fair price: – To satisfy customers’ need – To get profit to do charity • Collecting and reporting financial data accurately and weekly Create budget, cash flow promptly deal with financial problems if necessary
  17. 17. TIME LOG SUMMARY Keuka ID# Family & Middle Name Given Name Enter Hours Worked Notes: 436010 Tran Dai Nghia 6:30:00 Cooperates with CEO and other departments, Receives investment from IS VNU, Approves papers, Report activities, Summarize activities, Report Class Project 435359 Dang Phuong Mai 4:50:00 Cooperates with Manufacturing Department to check inventory, Report activities, Summarize activities, Report Class Project 440537 Bui Thuy Huong 4:30:00 Cooperates with Manufacturing Department to check inventory, Report activities, Summarize activities, Report Class Project 436007 Doan Quynh Trang 6:00:00 Collects information to prepare for financial budget, Calculates weekly cash flow from operations, Report activities, Summarize activities, Report Class Project 435372 Lai Thi Tam 5:30:00 Collects bills, Calculates profits gained from sales, Report activities, Summarize activities, Report Class Project 435373 Le Mai Anh 6:00:00 Prepares financial budget, and draws flowchart for Finance department, Report activities, Summarize activities, Report Class Project 33:20:00
  18. 18. LESSONS FROM TEAM MEMBERS • Improving team-working skills • Applying theories on practice • Calculating budget and cash flow • Planning time appropriately and working with full of responsibility • Having useful experience for future career through this project

×