How you develop and implement communication strategies

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Reference no: EM132235943

Evaluate and develop business performance

Case study

Back to assessment task 3, you are the CFO of "Angel Clothing Co. ltd" are required to prepare a report to evaluate and develop performance indicators to improve the business in accordance with financial statements and performance. David Ferguson has taken over "Angela Clothing Pty Ltd" as the new CEO to run the family business.

David has asked the CFO to prepare financial statements and performances to assess and evaluate financial activities and performances in order to develop and improve the business.

Objectives:
1- Consistently high levels of customer services
2- High professional work environment for staff
3- To be able to supply high quality products to Australia wide and New Zealand.
4- To develop and maintain internal and external workplace relationship networks
5- To implement and use new technologies for better and efficient standard of services
6- To provide safe workplace environment for all staff
7- To comply and follow Australian regulations, codes of standards, government bodies, ethics, codes of conducts and etc.
KPI's:
1- Sale and market share to be consistently increased annually (7%)
2- Expenses to be increased annually (2%)
3- Comply with AASB for accurate and reliable financial reports
4- Implement new technologies to improve cash flow

You are the CFO of company and ordered to prepare all reports, please find financial performance data and ratios attached below:

ASSESSMENT QUESTIONS

Part A
Executive Summary
• A summary of your report and what you will be submitting in the following pages (Min 60 words)
• The top-line findings (Min 4 bullet points)
• The types of information you will need to gather for David to make the final decision. (including a summary explanation why each piece of information is necessary, 45 words each - at least 4 types of information)

Part B
A 360 Degree Analysis
A brief knowledge aboutAngela Clothing Pty Ltdobjectives, targets,plans, expertise, experiences. (50 words)

Part C
Main part

1. Discuss how you make sure that all financial data provided are accurate, valid, and reliable and comply with statutory requirements and standard financial reporting principles? (60 words)

2. Assess and evaluate financial performance and ratios? And determine and explain what are weaknesses and strengths of the business? (min 10 ratios analysis, 40 words each)

3. Identify key performance indicators in regards with the business's objectives, resources and environmental factors (min 3 items)?

4. Explain how you developand monitor components of performance indicators to improve and promote financial activities and performances through a realistic with available time frames and resources? (an action plan required and min 100 words)

5. Apply the KPI's rate on the profit and loss budget 2011.

6. Discuss how you develop and implement communication strategies to improve operational goals and needs? (an action plan required and min 100 words)

Part D
7. Establish a policy for evaluating business performance for Angela clothing Pty. Ltd. and its brief procedure (40 words).
8. Establish the objectives of the new policy and procedure for Angela clothing Pty. Ltd. (40 words).

Part E
Conclusion
Describe your evaluation and inform your professional performance indicators development in aligned with Angela Clothing Pty.Ltd.'sfinancial needs and objectives. (Min 70 words)

Part F
Recommendations
Provide financial evaluation and options to David by mentioning 4 strength areas of financial performance and also 4 weakness areas that could be improved. (Min 70 words)

Part G
Workplace Evidence
Provide evidences of your workplace such as payslips, ID card, emails or pictures, etc.

Attachment:- Evaluate Business Performance.rar

Reference no: EM132235943

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Reviews

len2235943

2/16/2019 4:42:33 AM

PART D – Policy and procedure • Establish a policy for evaluating business performance for Angela clothing Pty. Ltd. and its brief procedure (40 words). • Establish the objectives of the new policy and procedure for Angela clothing Pty. Ltd. (40 words). Part E–Conclusion • Did the learner describe your evaluation and inform your professional performance indicators development in aligned with Angela Clothing Pty Ltd’s financial needs and objectives. (Min 70 words)

len2235943

2/16/2019 4:42:28 AM

PART B - A 360 Degrees Analysis (about Angela Clothing Pty Ltd) • A brief knowledge about Angela Clothing Pty Ltd’s objectives, targets, plans, expertise, experiences. (60 words) PART C –Main Body 1. Did the learner discuss how you make sure that all financial data provided are accurate, valid, and reliable and comply with statutory requirements and standard financial reporting principles? (60 words) 2. Did the learner Assess and evaluate financial performance and ratios? And determine and explain what are weaknesses and strengths of the business? (min 10 ratios analysis, 40 words each) 3. Did the learner identify key performance indicators in regards with the business’s objectives, resources and environmental factors (min 3 items)? 4. Did the learner explain how you develop and monitor components of performance indicators to improve and promote financial activities and performances through a realistic with available time frames and resources? (an action plan required and min 100 word)

len2235943

2/16/2019 4:42:06 AM

PART A – Executive Summary • A summary of your report and what you will be submitting in the following pages (min 60 words) • The top-line findings ( min 5 bullet points) • The types of information you will need to gather for the owner to make the final decision. (4 types, 45 words each)

len2235943

2/16/2019 4:41:58 AM

A 75% demonstrated competence in the answers is the benchmark only and students & assessors must note that professionally critical aspects/concepts must be included (e.g. cost –benefit analysis and use of performance ratios or comparison techniques, the key principles valuation and capital budgeting analysis and investment analysis). All parts (criteria) in the marking guide must be completed successfully for the student to achieve competence in this unit.

len2235943

2/16/2019 4:41:48 AM

Your answers & assessment submission must professional in style (Business), content and format. Maximum font size 11 points: Font Arial or Times New Roman; single spacing; clear paragraphswith appropriate punctuation, spellchecking and final submission will need to be proof-read. (i.e. few missing words or typo’s) In particular: - Use clear, non-discriminatory language - Avoid the use of jargon - Write clearly using plain English - Consider your target audience - Ensure that your responses meet the needs of the target audience (in this case your trainer or assessor). All of your work must be original.

len2235943

2/16/2019 4:41:41 AM

This Assessment is designed to test the knowledge that you have acquired throughout the unit. Use the following tips to help you answer the questions: Read each question carefully. Check with your trainer or assessor if you are not sure what the question is asking. HINT: Use these questions as subheadings to create a business style report to answer your assessment Your response to each question should aim to provide enough information to answer the question. In most cases, this can be done with just a few paragraphs.

len2235943

2/16/2019 4:41:24 AM

Your report will be at least 5 pages and approximately 1000 word count.Your report will include any necessary tables, diagrams or pictures to support your findings or hypothesis’ on the managing of communication and difficulties. Be sure to include your bibliography – Author, Year of Publication, Title of Article, Name of Publication (or website address), and page number (if a book or PDF)

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