Marginal Costing Statement, Cash Budget Case Study - Accounting Assignment Help

Assignment Task

Cash Budget

• Cash budget follows exactly when cash is received and when cash is paid and records cash in and outflow exactly in month of receipt and in month of payment.
• Depreciation
• Depreciation is a non cash expense and must not be recorded in cash budget since it does not result in cash outflow
• Depreciation will be recorded as expense in P&L and deducted from NCA in SFP.
• Drawings
• Drawings is a cash outflow but not a business expense because we are taking Mrs for dinner not buying anything for business.
• Deduct drawings from Capital account in SFP.
• Credit Sales/Purchases
• Credit sales and purchases are part of sales and purchases that are recorded in P&L but not a cash inflow/outflow in cash budget.
• Credit sales for last month will be receivable (Current Asset) in SFP
• Credit Purchases for last month will be payable (Current Liability) in SFP.

Guidance for Business Case

• The main objective of the 1,000 word written section of the assignment, is to convince an investor to invest the capital you need to start your new boots business.
• You should write this section in report format. To: Investor From: Entrepreneur.
• You need to give the investor confidence in your ability to run a new business. You need to show the investor that you have a very good understanding of the finances of the business.
• Take the investor through the financial information you have produced and tell him/her why you produced these documents (Marginal Costing Statement, Cash Budget, Income Statement and Statement of Financial Position) and how they will help you run a successful new business.

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