Financial Planning Report
Task 5
This report includes Introduction, Objectives and projections, Assumptions, Variations, Conclusions.
Assess the extent to which the financial plan objectives and budget projections
Have been met by monitoring in accordance with the financial plan and budget
Project.
Answer-
Introduction-
In this report, it demonstrates to us the income, salary proclamation and monetary record of the Nicole business. With the assistance of this we will get a thought of the money related report of her business and issue us information, that the amount of cash she needs to spend on her business to exist in business sector for long time.
Objectives and projections-
There are parcel of target and projection, which Nicole needs to accomplish for maintain her business for long time. Right now, her business is going admirably, her benefit is close around $1.25 million, which is adequate, yet in the event that she needs to expand it or needs to stable in business sector than she needs to look forward and grow her business through making …show more content…
Answer- Nicole can improve the financial performance by pushing the liabilities for eg she can pay the loan, which she had taken from bank on 8% interest. This is the big, which she has to vary about. She should also keep on tracking to the expenses of the school. In addition she have only 100 students in her school which are not enough to run the school for long term, these are only for one year but if she want to say long term in the market and have profit then she will have to look for international students. If she gets more students it means there will be more profit.
Q6.3 (4.3)
Specify and assess any recommended changes in terms of their potential contribution to financial performance including how relevant performance criteria are to be defined for agreed
This report includes Introduction, Objectives and projections, Assumptions, Variations, Conclusions.
Assess the extent to which the financial plan objectives and budget projections
Have been met by monitoring in accordance with the financial plan and budget
Project.
Answer-
Introduction-
In this report, it demonstrates to us the income, salary proclamation and monetary record of the Nicole business. With the assistance of this we will get a thought of the money related report of her business and issue us information, that the amount of cash she needs to spend on her business to exist in business sector for long time.
Objectives and projections-
There are parcel of target and projection, which Nicole needs to accomplish for maintain her business for long time. Right now, her business is going admirably, her benefit is close around $1.25 million, which is adequate, yet in the event that she needs to expand it or needs to stable in business sector than she needs to look forward and grow her business through making …show more content…
Answer- Nicole can improve the financial performance by pushing the liabilities for eg she can pay the loan, which she had taken from bank on 8% interest. This is the big, which she has to vary about. She should also keep on tracking to the expenses of the school. In addition she have only 100 students in her school which are not enough to run the school for long term, these are only for one year but if she want to say long term in the market and have profit then she will have to look for international students. If she gets more students it means there will be more profit.
Q6.3 (4.3)
Specify and assess any recommended changes in terms of their potential contribution to financial performance including how relevant performance criteria are to be defined for agreed