Manage Budget and Financial Plan
Manage Budget and Financial Plan
Case Study
Introduction
Domino’s Pizza Enterprise LTD is the largest pizza chain in Australia in terms of both network store numbers and network sales. It is also the largest franchisee foe the Domino’s Pizza brand in the world.
Domino’s Pizza holds the exclusive asters franchise rights for Domino’s brand and network in Australia, New Zealand, France, Belgium, Netherlands and Japan. The brand is now owned by Domino’s Pizza.
Domino’s Pizza Enterprises now extend across six countries, with more than 1200 stores, employing approximately 26,000 and is the leading international Domino’s franchisee.
1. List the revenue and expense record that you would use to gather information and their source.
A. Revenue Record
- Sales report(current year + previous year)
- Profit lose statement
- Expenses sheet
- Balance sheet
- Customer bills
B. Expenses Record
- Pay roll
- Material/stock invoices
- Equipment/project invoices
- Vehicle bills
- Telephone bills
- Rent bills
- Insurance etc.
2. Provide sample of source documentation.
3. Describe the possible reasons you consider contributed to the decrease in income/profit.
Assumed possible reasons that could have contributed to the decrease in income are listed below.
- Bad customer services
- Food quality wasn’t good
- Location of restaurant
- Not reasonable prices
- Timing of opening and closing hours wasn’t good
- Not enough seating arrangements
- Did not have enough delivery person to provide home delivery on time to customers
4. Financial risks are identified and strategies proposed to eliminate risks.
Risk in restaurant:-
Main risk was financial risk to operate the business which includes system for monitoring the business in inside and outside cash flow. There was risk of any natural disasters, any human error which can explore in any electronic equipment and this can cause financial problem.
Strategies to eliminate risks are:
We have taken
Case Study
Introduction
Domino’s Pizza Enterprise LTD is the largest pizza chain in Australia in terms of both network store numbers and network sales. It is also the largest franchisee foe the Domino’s Pizza brand in the world.
Domino’s Pizza holds the exclusive asters franchise rights for Domino’s brand and network in Australia, New Zealand, France, Belgium, Netherlands and Japan. The brand is now owned by Domino’s Pizza.
Domino’s Pizza Enterprises now extend across six countries, with more than 1200 stores, employing approximately 26,000 and is the leading international Domino’s franchisee.
1. List the revenue and expense record that you would use to gather information and their source.
A. Revenue Record
- Sales report(current year + previous year)
- Profit lose statement
- Expenses sheet
- Balance sheet
- Customer bills
B. Expenses Record
- Pay roll
- Material/stock invoices
- Equipment/project invoices
- Vehicle bills
- Telephone bills
- Rent bills
- Insurance etc.
2. Provide sample of source documentation.
3. Describe the possible reasons you consider contributed to the decrease in income/profit.
Assumed possible reasons that could have contributed to the decrease in income are listed below.
- Bad customer services
- Food quality wasn’t good
- Location of restaurant
- Not reasonable prices
- Timing of opening and closing hours wasn’t good
- Not enough seating arrangements
- Did not have enough delivery person to provide home delivery on time to customers
4. Financial risks are identified and strategies proposed to eliminate risks.
Risk in restaurant:-
Main risk was financial risk to operate the business which includes system for monitoring the business in inside and outside cash flow. There was risk of any natural disasters, any human error which can explore in any electronic equipment and this can cause financial problem.
Strategies to eliminate risks are:
We have taken