Describe the Potential Effects of Discrimination

Applied blood Unit 8 Business proposening under taking 6 Worksheet designate Six fiscal Planning YOU CANNOT START AND/OR COMPLETE THIS WITHOUT A FINAL SALES FORECAST AND A LIST OF ALL YOUR operating(a) COSTS - Lesson breakdown - Lesson 1 Introduction to monetary Planning and how do we create an integrated cast Focus on hard currency tend pre fig using operations visualise -Lesson 2+3 change run away compendium and unwrap aims and objectives - Introduce ILP-time-off take form to do - Lesson 4 property break away revisions, difficulty spotting based on change flow and explicate aims and objectives - Lesson 5 advance and injury account and monetary Ratio analytic thinking and pay backing aims and objectives - Lesson 6 Break Even analysis and then civilize aims and objectives -Lesson 7 Final Amendments to Financial Planning Problem spotting based on P&L, ratio analysis, break- yet and bourgeon protrude Task 6 Brief Overview * In this section, you argon re lease to produce financial documents for your byplay proposal. You leave alone ask to use the gross revenue aims and operations computer programme that you produced earlier. This section is important as you argon attracting enthronement and assessing the viability of your externalize * drive, dissect and evaluate the following accustom these subheadings in your newspaper publisher * Size and duration of compute * Start-up cost runway costs * Cash flow harbinger * Break even analysis * Financial ratios * Profit and loss * Analyse all your financial documents showing diminutive condition for the Aims and Objectives * argon they acquired? * If not what are the possible problems this go off cause your channel? * Can you think of any solutions to help you to overcome these problems so that you could extend to your aims? SUBMISSION OF TASK 6 The following is to be submitted as a Word document Use the following headings for your submission of your Financial Plan 1st su bmission.Copy and paste these into your final document Submit all work on moodle for deadline 3rd December 2010 (415PM) 1. Financial Planning (main heading) 2. Cash function Forecasting Table (MB4 students affect to submit 2 (+? )CFF Tables) a. Cash guide Forecasting analysis (of for each one CFF produced) 3. Profit and Loss statement and Financial Ratios Table (MB4 students compulsion to submit 2 (+? )P&L and F/R Tables) b. Profit and Loss statement and Financial Ratios analysis (of each P&L and F/R produced) 4. Breakeven Table (MB4 students penury to submit 2 (+? )Breakeven Tables) . Breakeven analysis (of each Breakeven produced) TASK 6 financial PLANNING CONTENT/ASSESSMENT CHECKLIST CRITERIA CASH FLOW FORECASTING 1. Start-up budget a) 12 monthly graph (Cut and paste information from your cash flow forecast for your first graph) b) analytic thinking ineluctably to sell I. You essential swallow an in-depth ex purposeation of how these could come upon the aims a nd objectives of your line of reasoning proposal. II. search employ to stand and relegate aims and objectives/ownership/ pick up personnel III. investigate utilize to indorse and go up business report IV. cite problems and solutions with your political program (develop it) and overly your aims and objectives V. What changes to your original persuasion/USP/aims do you k straight to dish out in shine of this new selective information? 2. Running costs a) 12 monthly graph (Cut and paste information from your cash flow forecast for your first graph) b) Analysis needs to treat I. You moldiness put one across an in-depth ex inventation of how these could get to the aims and objectives of your business proposal. II. Research used to underpin and develop aims and objectives/ownership/ find personnel III.Research used to underpin and develop business appraisal IV. tell apart problems and solutions with your cast (develop it) and also your aims and objectives V. Wh at changes to your original psyche/USP/aims do you have to consider in light of this new selective information? 3. 12 monthly Cash Forecast 1 Your initial forecast used to help direct problems a) Analysis needs to consider I. You moldiness have an in-depth ex programation of how these could extend to the aims and objectives of your business proposal. II. Research used to underpin and develop aims and objectives/ownership/key personnel III.Research used to underpin and develop business mentation IV. Identify problems and solutions with your plan (develop it) and also your aims and objectives V. What changes to your original liking/USP/aims do you have to consider in light of this new information? 4. MB4 12 Monthly Cash Forecast 2 A working(a) example of your solutions to your identified problems in CFF1 a) Analysis needs to consider I. You must have an in-depth explanation of how these could achieve the aims and objectives of your business proposal. II.Research used to un derpin and develop aims and objectives/ownership/key personnel III. Research used to underpin and develop business idea IV. Identify problems and solutions with your plan (develop it) and also your aims and objectives V. What changes to your original idea/USP/aims do you have to consider in light of this new data? PROFIT AND LOSS ACCOUNT 5. Profit and Loss Account 1 Your initial forecast used to help hear problems a) Analysis needs to consider I. You must have an in-depth explanation of how these could achieve the ims and objectives of your business proposal. II. Research used to underpin and develop aims and objectives/ownership/key personnel III. Research used to underpin and develop business idea IV. Identify problems and solutions with your plan (develop it) and also your aims and objectives V. What changes to your original idea/USP/aims do you have to consider in light of this new data? 6. MB4 Profit and Loss Account 2 A worked example of your solutions to your identified problems in P&L1 b) Analysis needs to consider VI.You must have an in-depth explanation of how these could achieve the aims and objectives of your business proposal. VII. Research used to underpin and develop aims and objectives/ownership/key personnel VIII. Research used to underpin and develop business idea IX. Identify problems and solutions with your plan (develop it) and also your aims and objectives X. What changes to your original idea/USP/aims do you have to consider in light of this new data? FINANCIAL RATIOS 7. Financial Ratios megascopic and Net Profit for P&L account 1 a) Analysis needs to considerI. You must have an in-depth explanation of how these could achieve the aims and objectives of your business proposal. II. Research used to underpin and develop aims and objectives/ownership/key personnel III. Research used to underpin and develop business idea IV. Identify problems and solutions with your plan (develop it) and also your aims and objectives V. What c hanges to your original idea/USP/aims do you have to consider in light of this new data? 8. MB4 Financial Ratios glaring and Net Profit for P&L account 2 a) Analysis needs to consider I.You must have an in-depth explanation of how these could achieve the aims and objectives of your business proposal. II. Research used to underpin and develop aims and objectives/ownership/key personnel III. Research used to underpin and develop business idea IV. Identify problems and solutions with your plan (develop it) and also your aims and objectives V. What changes to your original idea/USP/aims do you have to consider in light of this new data? BREAKEVEN 9. Breakeven table and computation1 Your initial forecast used to help identify problems a) Analysis needs to consider I.You must have an in-depth explanation of how these could achieve the aims and objectives of your business proposal. II. Research used to underpin and develop aims and objectives/ownership/key personnel III. Research used to underpin and develop business idea IV. Identify problems and solutions with your plan (develop it) and also your aims and objectives V. What changes to your original idea/USP/aims do you have to consider in light of this new data? 10. MB4 Breakeven table and calculation2 A working example of your solutions to your identified problems b) Analysis needs to considerVI. You must have an in-depth explanation of how these could achieve the aims and objectives of your business proposal. VII. Research used to underpin and develop aims and objectives/ownership/key personnel VIII. Research used to underpin and develop business idea IX. Identify problems and solutions with your plan (develop it) and also your aims and objectives X. What changes to your original idea/USP/aims do you have to consider in light of this new data? TASK 6 ASSESSMENT GUIDE HOW TO progress to THE BEST RESULTS? * You are assessed in Task 6 for BOTH AO2 and AO3 tag AO2 is marked out of 22 attach and all lear ners should be aiming for a minimum of MB4 which is 17/22 marks * AO3 is marked out of 14 and at this stage all learners should be aiming for a minimum of MB4 which is 11-14 marks. * We provide award high marks for those learners who can * Purposefully select data from a wide operate of sources, * Analyse the problem and possible solutions * flummox their plan based upon research. * Give an in-depth explanation of how the marketing plan could achieve the aims and objectives of the business proposal. AO2 ASSESSMENT OBJECTIVES MB1 MB2 MB3 MB4 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 A business plan which includes aspects of the marketing plan. A description of how this supports the aims and objectives of the business proposal. A business plan which contains the marketingPlan. A prefatory explanation of how this contributes to achieving the aims and objectives of the business proposal. A business plan which contains a substantial marketing plan. An explanation of h ow this could achieve the aims and objectives of the business proposal. A business plan which contains comprehensive marketing plan.An in-depth explanation of how this could achieve the aims and objectives of the business proposal. * Aspects of the components are produced * little coverage of aims and objective * The components are complete * Aims and objectives are broadly considered * The components are complete and developed * Beginning to target specific aims and objectives, but lacks preciseness * The components are complete, developed and address the key split of the problem * Targeting particular aims and objectives with precision AO3 ASSESSMENT OBJECTIVES MB1 MB2 MB3 MB4 2 3 4 5 6 7 8 9 10 11 12 13 14 Collects some street smart data from a restrict range of sources. Uses numerical and/or non-numerical techniqueson the collected data to will a partial tone analysisof the requirements of the marketing plan the operations plan the financial plan. Uses the results of the analysis to identify some germane(predicate) elements of the business plan. Selects some up-to-date data from a limited range of sources. Uses numerical and/or non-numerical techniques on selected data to provide a partial analysis of therequirements of the marketing plan the operations plan the financial plan.Uses the results of the analysis to outline a relevant business plan. Selects relevant and up-to-date data from a range of sources. Uses appropriate numerical and/or non-numericaltechniques on selected data to provide a partial analysisof the requirements of the marketing plan the operations plan the financial plan. Uses the results of the analysis to develop a relevant business plan, which considers the aims and objectives, form of ownership and key personnel required. Selects relevant and up-to-date data from a wide range of sources. Uses appropriate numerical and/or non-numericaltechniques on selected data to analyse the requirementsof the marketing plan the operations plan the financial plan. Uses the results of the analysis to develop a consistentand integrated business plan, showing detailedconsideration of the aims and objectives, form of ownership and key personnel required. MB1 MB2 MB3 MB4 1 2 3 4 5 6 7 8 9 10 11 12 13 14Collects data from a limited range of sourcesProcesses dataIdentifies some elements of the plans components Selects data from a limited range of sourcesProcesses selected dataOutlines components of the plan Purposefully selects dataAnalyses key parts of the problem or practical solutionsDevelops components of the plan Purposeful selects data from a wide range of sourcesAnalyses key parts of the problem AND practical solutionsDevelops integrated components of the plan Follow the below detailed overview of each labor movement for advice and help on how to achieve MB4 for Task 6Task 6 MB4 Detailed Overview CASH FLOW FORECAST, ANALYSIS AND DEVELOPMENT Lesson 1 Task 1 1. download cash flow forecast from moodle 2. Complete pre deduct up budget (SEE CASE STUDY ) 3. Complete pre lay out-up costs careful from T5 4. gusset monthly sales figure of speechs from final sales forecast 5. Insert monthly fixed costs prognosticated from T5 6. Insert monthly shifting quantity costs from T5 Lesson 2+3 Task 2 Analysis * altogether marks gained with this task is from your analysis of your financial data not from your reports themselves. -Identify problems and solutions with your plan (develop it) and also how your aims and objectives can/cant be achieved Learners can achieve MB4 in A02/A03 by following the Financial Planning Assessment Objectives which requires them to identify problem areas and developing practical solutions to consider alternative perspectives. What you will need to include will depend on your individual business proposal. You need to identify areas of flunk such(prenominal)(prenominal) as high fixed costs, start up costs? * Perhaps you need a cash gibe by selling equity to help you pay for s tart up costs? It could be you source alternative suppliers for your variable costs or project that you will pay 30 days later which is to break your working capital. * What is happening to the figures in the net cash flow cells, are you losing money each week? * This is a cash flow electronegative situation. * Or are you cash flow positive? * How recollective originally you are cash flow positive? * why is this so long? Lesson 3+4 Task 3 MB4- Revised cash flow forecast * MB4- You need to produce a refined Cash flow rate forecast based upon the analysis of the key issues identified in T6 task 2. This is to include the developments you have made. Label this Cash Flow Forecast 2. * You need to analyse CFF2 * Identify problems and solutions with your plan (develop it) and also if your aims and objectives can be met- How/why? PROFIT AND LOSS and FINANCIAL RATIOS Lesson 4 Task 1 1. Download Profit and loss template from moodle 2. Insert sales for year 1 from your final sales forecas t 3. What is the complete cost of these sales? How a unassailable deal were the total variable costs busheld to the output. These are costs such as ingredients, packaging or price of the club. Put this figure in Direct costs/cost of materials sold 4. front A-B to = C which is the identification of rough Profit 5. Insert all other costs for the year in the respective headings, adding headings where needed. 6. Add up all your total overheads and insert this figure in D 7. Calculate C-D to identify Net Profit or Loss Figure 8. Calculate your gain Profit MB4- Task 1 b Revised PROFIT AND LOSS and FINANCIAL RATIOS You must at once repeat this action again for the second cash flow forecast figures * You need to analyse P&L2 AND F/R2 * Identify problems and solutions with your plan (develop it) and also if your aims and objectives can be met- How/Why?Task 2= Financial Ratios Overview Profitability ratios are a key source of information for both(prenominal)(prenominal) investors a nd business planners. They provide a clear image of the business both in terms of your costs and cyberspace. A strong ratio can be the difference between investment and failure. Task A 1. Use the figures in your first clear and loss account to drive make Profit Ratio. - Gross Profit margin - A euphonyment of how often service the business has made on its buying and selling activities. How good a business is at trading. - Gross Profit margin= Gross Profit/turnover (Sales Revenue) X 100 (%) - The higher(prenominal) the % the better, e. g. - A GPM of 45% means that for every ? 1 of sales, the firm makes 45p in gross profit 2. Use the figures in your first profit and loss account to calculate Net Profit Ratio. - Net Profit margin It is a measure of how much overall profit the business has made after taking into account all relevant costs that have been incurred. - Net profit margin= net profit/turnover (sales revenue) X 100 - The higher the % the better, e. g. - A NPM of 45% m eans that for every ? 1 of sales, the firm makes 45p in pure profit Task B MB4 Complete for 2nd profit and loss account if constructed CFF2 Task 3= Analysis You must now undertake a critical analysis of each profit and loss account with clear reference and commentary related to the key issues such as profit or loss, gross profit, overhead costs, GPM, NPM etc * Clearly relate back to the businesses achievement of its aims and objectives (explain HOW AND WHY THEY ARE ACHIEVED), developing or revise your aims where necessary in your business plan. * Make clear reference to the FIGURES from your profit or loss, gross profit, overhead costs etc * You must undertake a critical analysis of each financial ratio * Identify and problems and/or solutions Are you profitable? If so by how much? * Can you climb up? * Which costs are too high? * How can you improve your gainfulness? * What are the possible knock-on effects of these solutions for your business> * Which costs could be reduced? If so what would the possible impact of this be on your business idea? * Which costs cannot be reduced further? Why? What problems does this bring up? * How does a cash injection help or hinder the financial ratios/P&L? BREAK EVEN Task 1 1. Download the Breakeven table from Moodle 2.Input into the table your Annual Revenue (TR), annual FC and VC (with total FC and VC), and total costs. 3. You must then divide the total variable costs by the number of units you are selling in a year ( units can be the bottles/ no of clubbers you expect/ etc in a year) 4. This will give you the variable cost /unit 5. You must now calculate the break even OUTPUT point using the formula 6. MB4 Calculate Break Even 2 from your revised financial documents 7. All marks gained with this task is from your analysis of your financial data not from your reports themselves. Identify problems and solutions with your plan (develop it) and also if your aims and objectives can/cant be achieved * Do you break even ? * If so at what output? * Work out from your sales forecast when you will reach this breakeven output take aim * What aims can be achieved? How? Why? * If you dont breakeven why not? * You need to identify areas of weakness such as high fixed costs, start up costs, bare-ass materials, low selling price? * What aims cant be achieved? How? Why? * What could you do to solve this breakeven problem? (hint see changing B/E variables section) 8.MB4 analyse the effect of changing variables (FC, VC and/or Price) on the break even figure. * Calculate the effect of changing variables (FC, VC and/or Price) on the break even figure * Analyse these break even scenarios and link to your aims and objectives. * What is the effect on breakeven level? * What are the potential problems you have identified with your break even? * Are there any solutions you can recommend to the business? * Such as reducing selling price? * Increasing selling price? * add advertising to increase sales? Reducing fixe d or variable costs further? etc