| Country : | Australia |
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Assignment Task:
Part A - Written or Oral Questions
1. List TWO sources of information that may help a manager to estimate the cost for the coming year.
2. Identify and briefly describe THREE examples of external banking records which are used for the purpose of record-keeping
3. List the relevant personnel you may communicate within the organization, to ensure that documented outcomes and information about customers, competitors and business competitors can more easily be obtained.
4. What is a contingency plan? Explain the reasons for a contingency plan? What are the steps to follow to prepare and develop a contingency plan? List THREE specific areas to include in the plan.
5. What is a financial plan? What should financial plans include?
6. What are the external and internal factors that may affect financial planning?
7. What is the budget? What are the objectives of a budget? What is the role of the master budget?
8. Scenario: You are an accountant for APC Bikes, a manufacturer of sturdy mountain bikes for intermediate-level bikers.
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