PRJM6001: Cost estimating and Budgeting- Accounting Assignment

Internal code- MAS216

Accounting Assignment

Questions- You have been engaged by the bride’s parents (sponsors) to produce a fully costed budget as a formal professional document Your submission must contain the following sections: 1. introduction executive summary, scope, assumptions, exclusions, etc 2. Detailed budget showing all costs. For each cost you need to fully explain: a. How the costs were calculated (including any necessary calculations required to arrive at the cost) NOTE: do not directly contact any organisation in doing this assignment b. Sources of information for each cost element including a clear and full explanation of the scope of each item (ie quantity, type, cost etc) 3. Detailed cashflow, based on the costs in, 2 when each cost will be incurred, with explanations for the timing of each cashflow 4. Accuracy. The sponsor is concerned that the final actual cost may exceed the budget. Highlight one of cost items that you feel has the greatest uncertainty/inaccuracy. Explain why the cost is uncertain and what might be done to ensure this cost can be contained.