Managing Financial Principles and Techniques
Table of Contents
Introduction................................................................................................................................................... 3
1.1 Importance of costs in the pricing strategy of Tip Top ............................................................................... 3
1.2 Design a costing system.......................................................................................................................... 4
1.3 Propose improvements to the costing and pricing systems ..................................................................... 5
References..................................................................................................................................................... 6
2.2. Assess the sources of Funds................................................................................................................... 8
3.1 Appropriate budgetary targets for Tip Top ................................................................................................. 8
3.2. Creation of master budget ...................................................................................................................... 9
3.3 Compare the Actual Expenditure and income with master budget Tip Top .............................................. 9
3.4 Evaluate budgetary monitoring processes............................................................................................. 10
References................................................................................................................................................... 11
Appendix 1 Sales Forecast.......................................................................................................................... 12
Appendix 2 Operating cost breakdown....................................................................................................... 12
Appendix 3 Financial Budget
Introduction................................................................................................................................................... 3
1.1 Importance of costs in the pricing strategy of Tip Top ............................................................................... 3
1.2 Design a costing system.......................................................................................................................... 4
1.3 Propose improvements to the costing and pricing systems ..................................................................... 5
References..................................................................................................................................................... 6
2.2. Assess the sources of Funds................................................................................................................... 8
3.1 Appropriate budgetary targets for Tip Top ................................................................................................. 8
3.2. Creation of master budget ...................................................................................................................... 9
3.3 Compare the Actual Expenditure and income with master budget Tip Top .............................................. 9
3.4 Evaluate budgetary monitoring processes............................................................................................. 10
References................................................................................................................................................... 11
Appendix 1 Sales Forecast.......................................................................................................................... 12
Appendix 2 Operating cost breakdown....................................................................................................... 12
Appendix 3 Financial Budget
References: Corporation, S. B. D., 2012. Liquidity Ratios. [Online] Available at: http://www.smallbusiness.wa.gov.au/liquidity-ratios Housing, T. R. o. C., 2009. Financial viability. [Online] Available at: http://www.rch.nsw.gov.au/NR/rdonlyres/F54F4338-56D4-4753-A6D7- Karunakar Patra, J. K. P., 2006. Accounting & Finance for Management. 1st Ed. New Delhi: Syrup and Sons. Morningstar, 2012. Mark & Tip Top Group Plc.-MKS. [Online] Available at: http://tools.morningstar.co.uk/uk/stockreport/default.aspx? Tab=10&vw=BS&SecurityToken=0P00007OL2 ] 3]0] E0WWE$$Algid=0P00007OL2&ClientFund=0&CurrencyId=GBP [Accessed 20 11 2012]. Tip Top, M. a., 2012. Annual Report 2012, sol.: Royal Print.