Develop financial forecasts

Reference no: EM132333912 , Length: word count:2000

Manage financial resources

Introduction:

< Imagine that you have just started a new business and you wish to convince the bank to finance your enterprise

Part 1:

Financial Plan:

Using the Financial Plan template (excel sheet provided with this template), prepare a financial plan that includes a cash flow forecast, balance sheet forecast and break even analysis for your new business:

Part 2:

Financial Report

• Products or services:
Describe the products or services that your business will produce.

• Forecasting technique:
Identify which type of forecasting technique you will use to develop further financial forecasts.

• Analysis of forecasts:
How will you analyse these forecasts?

• Statutory requirements:
What statutory requirements do you need to consider in preparation of your budget?

• Collection of comparative and trend information to support budget:
Describe how you will collect comparative and trend information to support your budget?

• Negotiation strategy to acquiring funding for business project:
Explain your negotiation strategy with the bank manager relating to acquiring funding for your business project.

• Records maintained to ensure up-to-date information about resource allocations and usage:
Describe the records that you will maintain to ensure up-to-date information about resource allocations and usage

• Reporting budget performance and expenditure:
How will you report budget performance and expenditure?

• Risk return analysis:
Explain the risk factors associated with your business idea and the expected returns?

• Budget monitoring:
Describe how you plan to monitor the budget in the event of deviations.

Part 3:

• Explain the reports that require lodging by this company according to the Australian Security and Investment Commission (ASIC)

• Analyse these financial records by applying the horizontal and vertical analysis methods.

• Explain whether you think that the organisations financial decisions will serve to meet the organisations planned outcomes.

Conclusion

Attachment:- Financial Plan Template.rar

Reference no: EM132333912

Questions Cloud

Provide independent mental capacity advocacy : ADV 305-F/502/3295-Independent Mental Capacity Advocacy-Pearson Edexcel Level 5 Diploma in Leadership for Health and Social Care and Children and Young People.

Why the chosen area represents key issues in compliance : Write a paragraph about each one to present to your faculty member. In each paragraph, explain why you believe the chosen area represents key issues.

Evaluate the impact of early intervention : CYPOP 17-F/600/9777-Understand the Needs of Children and Young People who are Vulnerable and Experiencing Poverty and Disadvantage-Pearson Edexcel Level 5.

Write a general Cohen d function to be more generally useful : Write a general Cohen d function to be more generally useful, accepting a wider range of arguments. For convenience, name this general.d.

Develop financial forecasts : BSBFIM801 - Manage financial resources and Describe the products or services that your business will produce and Identify which type of forecasting technique

Discuss potential vulnerabilities in two paragraphs : Please discuss potential vulnerabilities in two paragraphs. You must have a minimum of 3 credible citations to support your claims or arguments.

Explain risks of not having information when making decision : Provide specific examples and explain how decisions are improved when the information is used accurately. Then, explain the risks of not having the information.

What do you predict will happen to oil prices in the future : You will research oil price changes and the impact on the economy. Start your research by retrieving historical data (1980-2016) on oil price and growth rate.

Critical analysis of the role of social marketing in society : present a critical analysis of the role of social marketing in society - Define social marketing, and explain how social marketing contrasts with marketing

User Account

All Pages