FIN/375 Week 5 Financial Plan Write a 900 to 1,050 word Financial Plan Individual Assignment
Purpose of Assignment
In this assignment, you will be evaluating a cash budgeting scenario and developing a financial plan for a fictional business.
Assignment Steps
Review the Cash Budgeting Scenario.
Calculate the cash budget using the Cash Budget Worksheet, and use the Cash Budget Worksheet Answers to review your work.
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Write a 900- to 1,050-word financial plan in which you complete the following:
- Discuss potential cash budget benefits and pitfalls for the business, including how the budget supports the strategic goal of the business to increase revenue by 10% annually.
- Outline your expected business expenses (e.g. fixed and variable costs, marketing, labor, operations, insurance) and sources of revenue (e.g. funding, sales of products/services).
- Include an income statement, balance sheet, and cash flow statement.
- Explain how you will adjust your small business cash budget to manage contingencies (such as emergencies and market shifts) as well as product and distribution shifts.
- Compare the differences between a cash budget and an operating budget, and explain why both are beneficial.
- Explain why a budget variance analysis is crucial for the operation of a business, and discuss how often a budget variance analysis should be performed.
- Summarize your findings/recommendations.
Click the Assignment Files tab to submit your assignment.
Course: FIN/375 Financial Management In The Small Business
School: University of Phoenix
- 17/12/2018
- 75
