* Financial information of the company. * Any sales promotions for the future. * Company and individual budgets. Assessment activity 5 Explain how you would brief a minute taker at one of the meetings you might organise. Describe the purpose and style of the meeting and outline the information you would share with the minute taker.
Financial Analysis JET2 Task 2 Karen Hatfield Summary Report for Competition Bikes Budget Concerns A budget is “a set of interlinked plans that quantitatively describe an entity’s projected future operations” (Budget, 2014). A company utilizes a budget to gauge in which to assess the actual working outcomes. This helps with the allocation of funding and to plan future operations of the company. The process of budgeting in a company originates with a strategy planning meeting by upper executives. The executives team decides a direction in which the company will place into a master budget.
Meet with a union representative (your assessor) to receive and discuss the results of the survey. Anticipate possible resistance by this stakeholder and promote your plans to gain acceptance. Ask for additional input to help you revise your change management communications strategy. 4. Draft revised communications plan and overall project plan (from Assessment Task 2) in consideration of barriers identified through consultation process (with your assessor acting as a union representative) and those identified in risk analysis provided in Appendix 3.
BSBFIM501A - Manage budgets and financial plans Written / Oral Questions 1. Why do organisations need accurate and timely financial information? What information is required to manage the organisation’s finances? Who is usually responsible for an organisation’s financial management? -Financial management ensures that a business is monitoring their finances.
The next step will depend on how proactive you want to be. Do you feel as a staff and as an administration that you feel you know what the needs are? Or should you perhaps do a survey asking what the needs are, both from the student population, the teaching population, as well as the community as a whole? The plan that I am setting up will go as follows. Once the Leadership Team is set up, we will meet and then briefly discuss why we each wanted to be on the committee.
With the cash budget, the company can determine shortage or excess cash at any point in time. Items to be included in the cash budget include wages and salaries, sales, rent, purchases, etc. IN the cash budget the following are assumed
5pm a-i Case Study – Sodor café Budgets a) A budget is an estimate of the income and expenditure of a business or a part of a business over a time period. A budgetary control enables mangers to implement budgets, it allows a business to make comparisons of the businesses actual performance and to revise budgets to help achieve objectives. The manager at Drayton Manors Sodor café would use a budget to exercise financial control as it would allow them to do the following: * Help monitor and control operations. * Promote forward thinking * Provide a framework for delegation * Help coordinate different departments achieve objectives together * Keeps you focussed on your goals- you can clearly see the expenditures the items which are unnecessary and don’t help you achieve your financial goals. If a business has limited resources, budgeting makes it easier to budget.
Each area must define its own objectives and goals and how to achieve them. The objectives defined should be evaluated by the strategic planning area to ensure the changes are compatible with the company's annual budget. Employee engagement and communication should be carried out by a group of internal communication processes (intranet, mailings, videos, e-learning, and internal campaigns). This way, the company's internal team has a wider view of the company and is able to comprehend and create objectives in its specific departments to achieve the goals
Activity 1 1 How can you identify policies and objectives relevant to the recruitment, selection and induction process? Some policies imply their relevance but others specifically state they are related to the recruitment, selection and induction process. For example a budget policy can address the money that can be spent on recruitment, selection and induction. However, recruitment, selection and induction policies generally address areas such as: • Application processing • Competency profiling • Documentation and use of standard forms • Equal opportunity, antidiscrimination and diversity • Interviewing methodologies • Job analysis and classifications • Assessments • Reference checks • Training for new staff • Use of external agencies 2 Give examples of
Personal Budget, Balance Sheet, and Cash Flow Statement Alandra Shamblee ACC 547 March 12, 2012 Katherine Castillo MEMO To: Tony Clark From: Alandra Shamblee Subject: Personal Budget Many factors have an impact on the financial success of individuals or a working firm. Examples such as, age, education, income, dependents, and goals affect an individuals’ finances. These categories develop a good understanding of an individuals’ financial standing while attempting to create a successful budget. Careful planning and recording of personal finances is important for developing good spending habits and enjoying financial success (Kapoor, Dlabay, & Hughes, 2009). The following summary provides a detail of the age, dependents, education, income status, and goals regarding James and Janet Williams.