BSBFIM501 - Manage Budgets and Financial Plans - Accounting & Finance Assignment Help

Assignment Task

Accounting and Financial Management Assignment

The Accounting and Financial Management module requires students to plan and implement financial management approaches, monitor and control finances, and review and evaluate the effectiveness of financial management processes in line with the financial objectives of the organisation.
It also requires students to undertake budgeting, financial forecasting and reporting requirements, and to allocate and manage resources to achieve the required outputs for the business unit. It includes contributing to financial bids and estimates, allocating funds, managing budgets and reporting on financial activity.
The assignment is based on the financial information and annual reports for two companies in the sport, fitness and recreation industry:
2019/FY - Fitness and Lifestyle Group TopCo (Fitness First, Goodlife, Jetts)
2019/FY - Brait (Virgin Active) 
This task will assess the student’s competency in elements from the Diploma of Sport and Recreation Management SIS50115. This is a comprehensive assessment task that aims to closely simulate the realworld activities of a Facility Manager.

Part A – Review and Analyse financial data

General research
What is an annual report?
What information will it typically contain?
What regulatory requirements relate to Annual Reports?

Answer the following questions regarding Fitness and Lifestyle Group TopCo Limited:

What were their principal activities during the year?
Describe the sources of income for this association.
Describe the items of expenditure.
Explain the sources of funding for the association.
Outline the financial and non-financial benefits of acquiring Zap fitness
How many directors were in office at 30 June, 2019?
Briefly outline the backgrounds of these directors.
What is the major non-current asset owned by the company? What items would you expect to form this non-current asset?
What were the reasons for the association’s profit/loss?
Comment on the structure and format of the reports contained in this document.

Answer the following questions regarding Brait (Virgin Active):

What were the principal activities of the company?
What revenues were generated in the year ending 2019?
What factors contributed to the increase in revenues?
What significant changes occurred in expenditure?
What was the overall profit or loss?
How many directors were in office at 20th September, 2019?
Were dividends paid? Why or why not?
What were the reasons for profit/loss?
Comment on cash flow and the net increase or decrease in cash.

Part B – Monitor and Control
For each business use ratio analysis to determine the overall profitability, solvency and liquidity of the operation.
Using the ratios calculated above, and any other relevant information, compare the profitability, liquidity and capital structure of the two companies. In your discussion you should:
State which ratios are included in each category.
Compare each company in each of the areas, explaining what information is given about each company by the ratios calculated, and indicating which company is better in each area.
Use your comparison to make a recommendation as to which company would be the better investment. Give reasons for your recommendation.

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