Financial analysis for master budget planning

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Reference no: EM133071327

Interpret core managerial finance concepts and data.

Analyze operational budget drivers and variances.

Interpret financial decision-making criteria.

Evaluate financing strategies for business operations.

Evaluate operational performance using analytic and comparative techniques.

Devise risk mitigation strategies in financial management.

Scenario

You are a department manager for a distribution team that packages and ships products from a warehouse location to fulfill customer orders. Your company has been acquired by a larger firm. The new owners are requesting that each department manager prepare a master budget for the upcoming year and submit it for approval. The submission must include a written justification of the requested amount and at least one risk mitigation action to control or reduce costs. The information available to meet this request includes:

The department's expenses, staffing, and output for the past 12 months;

Metrics, financial and operational, that can be used to compare the department's performance and output to a department that provides similar distribution support to another division of the company;

One potential efficiency project with two available financing options;

Data on the company's historic employee practices such as annual raises and bonuses; and

The level of output that the department must meet in the upcoming year based on the new owners' sales goals.

Reference no: EM133071327

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