Budgeting, Forecasting & Cashflows Management - Report Writing - Management Assignment Help

Assignment Task:

Task:

Question One

You work for Clifton’s Limited and you have been asked to prepare an Incremental Profit & Loss Budget for 20X9. Using the additional information provided below and the 20X8 Profit & Loss Statement, generate the 20X9 Budget.

Required

Fill out the budgeted profit and loss statement for the next financial year using the additional information below -

Additional information:

• Revenue is expected to increase by 4%.
• Interest income is expected to remain the same.
• Cost of sales is expected to increase by 3%.
• Selling and Distribution expenses are expected to increase by 3%.
• Administration expenses are expected to reduce by 5%.
• Financial Expenses are expected to increase by 2%.

Question Two

Part A

You have been provided with the budged figures for the 20X8 year for Clifton’s Limited, as well as the Actual results for 20X8.

You are required to calculate the variance amount for each account balance and specify whether the variance is favourable or unfavourable.

Part B

Once you have determined each of the variance amounts and identified whether the variance is a favourable or unfavourable result, provide at least two possible causes for the variance between the budgeted amount and the actual results, for each of the following specific balances. The first one has been done for you as an example:

Question Three

You have been provided with the following data in respect of payables, receivables, sales and cost of sales for Clifton’s Limited for the year ended 31 March 20X8.
 

Using the figures provided calculate the Cash Conversion Cycle (CCC) for Clifton’s Limited. You must include the formula and your workings in these calculations.
 

Provide two (2) suggested actions to improve the CCC in the following period.  Each suggestion must include an explanation on how this will improve the CCC

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