ACC20020: A brief introduction to your business. What the business will sell and where the business is situated. For Eg: The business is a café: Management Accounting Assignment, UCD, Ireland
| University | University College Dublin (UCD) |
| Subject | Management Accounting |
- A brief introduction to your business. What the business will sell and where the
business is situated. For Eg: The business is a café/ hair salon/ shop based in Dublin City. - Your Assumptions that the financial plan or budget is based on, could
include
a. Sales budgets
b. Average sales
c. Purchase Figures/ Manufacturing Figures
d. Average gross profit margin/contribution
e. Employee figures.
f. Expenses
Remember your assumptions need to explain where the figures in your plan are coming from. - The business financials will include:
a) Detailed assumptions showing where the figures have been estimated.
b) A cashflow budget, this is your money in/ money out for 1 year
c) A profit & loss account/ income statement for 1 year, This shows the budgeted performance for the company
d) A Balance Sheet or Statement of the Financial Position of the company, this will show a list of any assets or liabilities at the year-end.
e) For Some break-even or sensitivity analysis, the breakeven will need your contribution, The C/S ratio is useful here if you have a number of products.
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