BSBFIM601 - Plan for Financial Management - Management Assignment Help

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Assignment Task

 

What is this assessment task about?    

You have been employed as Finance Manager of ABC.
From your first analysis, you have observed that the financial management practices at ABC require substantial improvement, including the current accounting information system (MYOB). The board of directors wants you to provide a plan for financial management strategies for the next financial year ahead.

This task comprises of Case Study in a simulated work environment.

It has been designed to evaluate your ability to:

•    Review and analyse previous financial data to establish areas which have generated a profit or loss
•    Undertake research to review reasons for previous profit and loss
•    Review business plan to establish critical dates and initiatives that will require or generate resources in the next financial cycle
•    Analyse cash flow trends
•    Review statutory requirements for compliance and liabilities for tax
•    Review existing MYOB software and its suitability for financial management

You are required to address the following:
•    Task 2.1 Review the financial reports:
o    Review and analyse financial data for 2018, and 2019 and answer the questions.
•    Task 2.2 Review the business plan
o    Review the business plan and answer the questions.
•    Task 2.3 Analyse Cash Flow Trends
o    Review the cash flow statement and answer the questions.

 

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