Bsbfim501A Manage Budgets and Financial Plans Essay

833 WordsAug 26, 20144 Pages
Project 1& 2 Project 1& 2 Chantel Brown BSBFIM501A Manage budgets and financial plans Trainer – Dadul Bhutia Chantel Brown BSBFIM501A Manage budgets and financial plans Trainer – Dadul Bhutia Table of Contents Table of Contents 1 Project Details 2 Project 1 2 Project 2 2 Project 1 3 Commonwealth Bank 2013 Annual Report 3 To whom is this report disseminated and how is this done? 3 Why do these people need the information contained in the annual Report? 3 What financial information does the report offer? 4 Examine the financial summaries for information about the fiscal condition of the Company. Did the company show a profit? 4 Project 2 5 Project Details Project 1 Conduct some research or use an organisation that you know of, get a copy of an Annual Report. Answer the following questions: * To whom is this report disseminated and how is this done? * Why do these people need the information contained in the annual Report? * What financial information does the report offer – describe the contents of the report and explain what it tells you about the business’ activities – successes and non-successes - during the year. * Examine the financial summaries for information about the fiscal condition of the company. Did the company show a profit? * What sorts of recommendations are made and what suggestions are made regarding business activities for the up-coming year? If possible, find a copy of the Annual Report from the previous year. * Compare the 2 and report on whether the projections from the first report were accurate. * Were the recommended changes/improvements made and how did they impact on the next year’s report? Project 2 Explain the following statement. ‘Ratio analysis can help in measuring business performance and setting objectives/ goals’. Project 1 Commonwealth
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