Business Performance Review
M6 Assignment 2 – Term 3 Module 6 Management Accounting for Hospitality
2011
M6 Assignment 2 – Business Performance Review
DEBI MARCHAND
CONTENTS:
3.1) Source and structure of the trial balance PAGE: 3
3.2) Evaluation of a range of business accounts, adjustments and notes
3.3) Process and purpose of budgetary control TO
3.4) Calculation of variances with suggestions for appropriate future management action PAGE: 7
4.1) Calculation and analysis of ratios and consistent interpretation of historical business performance PAGE:
4.2) Recommendations for future management strategies for a business and services operation PAGE:
James has returned after a year for a review of his business performance. This performance is based on his original budget and historical data of James Catering Company.
Introduction
James from JCC catering was advised 12 months ago on a start-up business plan. Now that he has been operating for a year, he has brought back his business accounts for Activate to evaluate. The purpose of this evaluation is to advise him on the health of his business and supply him with a progress report. The purpose of proper budgetary controls and analysis of variances will be discussed with James and advice will be given on the appropriate management actions needed to ensure future growth of his business.
3.1) Describe the source and structure of the trial balance 3.2) Evaluation of a range of business accounts, adjustments and notes
3.3) Explain the process and purpose of budgetary control
3.4) Calculate and analyse variances from budgeted and actual figures. Offer suggestions for appropriate future management action.
A trial balance is required before the annual final balance sheet and income statement for the business
2011
M6 Assignment 2 – Business Performance Review
DEBI MARCHAND
CONTENTS:
3.1) Source and structure of the trial balance PAGE: 3
3.2) Evaluation of a range of business accounts, adjustments and notes
3.3) Process and purpose of budgetary control TO
3.4) Calculation of variances with suggestions for appropriate future management action PAGE: 7
4.1) Calculation and analysis of ratios and consistent interpretation of historical business performance PAGE:
4.2) Recommendations for future management strategies for a business and services operation PAGE:
James has returned after a year for a review of his business performance. This performance is based on his original budget and historical data of James Catering Company.
Introduction
James from JCC catering was advised 12 months ago on a start-up business plan. Now that he has been operating for a year, he has brought back his business accounts for Activate to evaluate. The purpose of this evaluation is to advise him on the health of his business and supply him with a progress report. The purpose of proper budgetary controls and analysis of variances will be discussed with James and advice will be given on the appropriate management actions needed to ensure future growth of his business.
3.1) Describe the source and structure of the trial balance 3.2) Evaluation of a range of business accounts, adjustments and notes
3.3) Explain the process and purpose of budgetary control
3.4) Calculate and analyse variances from budgeted and actual figures. Offer suggestions for appropriate future management action.
A trial balance is required before the annual final balance sheet and income statement for the business