.Assessment Task 2 Instructions Carefully read the following: Tra King Edward VII College has been...

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.Assessment Task 2 Instructions Carefully read the following: Tra King Edward VII College has been operating since 2015. The College is based in Melbourne CBD and has an additional campus in Sydney. The College offers a range of courses in management, marketing, human resources and international business. It currently has 195 students enrolled across all of its courses and both campuses. Courses are offered at all levels, from Certificate II to Graduate Diploma. King Edward VII College is very popular due to its competitive pricing structure, innovative teaching methods and state of the art facilities. The College currently employs 24 staff members that include the CEO, a Sales and Marketing Manager and Sales and Marketing Assistant, Promotions Officer, Human Resources Manager, Operations Manager, Administration Manager, Office Assistant, Receptionist, Academic Manager, Student Services Officer and approximately 14 trainers and assessors. Currently the company is preparing the financial forecasts and projections for the year ahead. The College is planning to open two new campuses, one in Brisbane and one in Adelaide in the next year, and that will have to be factored into the forecasts. As the Operations Manager for King Edward VII College, you have been tasked to prepare the financial forecasts and projections for the upcoming year. This will be used to inform the preparation of budgets and to develop a deeper understanding of the business’s potential. You will also be required to look at various data storage and access systems that could be adopted, and that have the potential to grow with the business. Complete the following activities: 1. Write a business expansion Briefing Report. You are required to write a report to inform a staff meeting on the proposed company expansion. To do this you will need to review the company’s: · Business Plan · Financial Policy and Procedures · Financial Data · Profits and Loss Statements for the previous three years. · Staff Survey Results · Student Feedback Your report is to include the following: · A review of business performance data · Financial forecast. Use the Forecasts Spreadsheet Template to record your figures. · A review of staff survey results · A review of student feedback · Identify, define and analyse business problems and issues · Identify further sources of information on VET · Analysis of trends · A sensitivity analysis on any proposed options · Data storage and access options · A risk m management plan Use briefing report template

Tanmoy · Accepted Answer

BUSINESS EXPANSION BRIEFING REPORT –KING EDWARD VII COLLEGE
A review of business performance data
King Edward VII College started its operations in the year 2015. It is a RTO - registration trading organization which imparts training and development programs to the students in the field of business and management assignments. The ultimate aim of the college is to provide high quality training and education services to fulfill the purpose of the students.
There are both vocational and educational trainings provided by the college. The training program is nationally accredited and recognized. The topics and courses are designed by the highly qualified staffs and are having extensive training and industry experience. The college draws a mutual relationship with the industry and the other stakeholders to guarantee that the itineraries are appropriate and congregate the demands of the clients and consistently satisfies their expectations.
The mission statement of King Edwards - VII College states to provide high quality industrial training stimulate participation and achievement.
The strategic objectives of the college are as follows:
A. To be a leader in educational and vocational training
B. To maintain and establish a high quality, state of art infrastructure and sustaining employees
C. To be well managed, high performing, cost effective and profitable and responsible
D. To culture and develop the employees and resources of the college
Presently, the college is planning two new campuses in Australia, one in Brisbane and another in Adelaide. The below business plan and trend analysis will help the company to get an understanding of the future course of actions based on the projected financials.
Financial forecast
	Financial Statement for the year ended 31st July of King Edward VII College
	Statement of Comprehensive Income
	Particulars
	Year
	Year
	Year
	Year
	Year
	
	2017 (A)
	2018 (A)
	2019 (F)
	2020 (F)
	2021 (F)
	
	£'000
	£'000
	£'000
	£'000
	£'000
	Growth Rate
	 
	
	6%
	9%
	15%
	INCOME
	 
	 
	 
	 
	 
	Funding body grants
	4386
	4387
	4650
	5069
	5829
	Tuition fees and education contracts
	132
	113
	120
	131
	150
	Grants and other contracts
	0
	0
	0
	0
	0
	Other Income
	218
	185
	196
	214
	246
	Investment income
	0
	0
	0
	0
	0
	Total income
	4736
	4685
	4966
	5413
	6225
	 
	 
	 
	 
	 
	 
	EXPENDITURE
	 
	 
	 
	 
	 
	Staff costs
	3565
	3648
	3867
	4215
	4847
	Other operating expenses
	1053
	970
	1028
	1121
	1289
	Depreciation
	277
	239
	253
	276
	318
	Interest and other finance costs
	42
	34
	36
	39
	45
	Total expenditure
	4937
	4891
	5184
	5651
	6499
	Deficit before other gains and losses
	-199
	-206
	-218
	-238
	-274
	Loss on disposal of assets
	0
	-4
	-4
	-5
	-5
	Deficit before tax
	-199
	-210
	-223
	-243
	-279
	Taxation
	0
	0
	0
	0
	0
	Deficit for the year
	-199
	-210
	-223
	-243
	-279
	Actuarial gain in respect of pension schemes
	458
	311
	330
	359
	413
	Total Comprehensive Income for the Year
	259
	101
	107
	117
	134
	Represented by:

Assessment Task 2 Instructions Carefully read the following: Tra King Edward VII College has been operating since 2015. The College is based in Melbourne CBD and has an additional campus in Sydney....

Answer To: Assessment Task 2 Instructions Carefully read the following: Tra King Edward VII College has been...

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