reportCash Flow This document is Cash Flow Statement 2016/17. It is part of the supporting...

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reportCash Flow  		This document is Cash Flow Statement 2016/17.  		It is part of the supporting assessment resources for Assessment Task 2 and 3 of BSBFIM601. 		Grow Management Consultants Pty Ltd 		Cash Flow Statement 		July 16 to June 17 			Jul	Aug	Sep	Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	Jun			Total	Total 			Actual	Actual	Actual	Actual	Actual	Actual	Actual	Actual	Actual	Actual	Actual	Actual			Budget	Actual 		INCOME 		Consulting fees	97,975	85,000	82,500	122,000	98,000	121,000	87,625	89,500	105,000	83,000	70,500	133,500			1,100,000	1,175,600 		Workshops		6,000			8,000			10,000			12,000				48,000	36,000 		Publications				250	250	350	200	150	150	250	200	200			5,000	2,000 		Executive search	7,000	8,000	12,,000	10,000	12,000	9,000	9,000	9,000	11,000	12,000	11,000	10,000			108,000	108,000 		NET INCOME	104,975	99000	82500	132250	118250	130350	96825	108650	116150	95250	93700	143700			1,261,000	1,321,600 		EXPENSES 		Salaries/wages	42,000	42,000	42,000	42,000	42,000	42,000	42,000	42,000	42,000	42,000	42,000	42,000			504,000	504,000 		Superannuation	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000			60,000	60,000 		Cleaning	800	800	800	800	800	800	800	800	800	800	800	800			9,600	9,600 		Accounting fees	0	0	6,823	0	0	0	0	0	0	0	0	0			6,000	6,823 		Advertising and marketing	1,000	0	500	700	0	800	0	0	2,000	0	0	0			500	5,000 		Contract witer (e-book) 	10,000	3,580	3,580		3,580	3,580	3,580	3,580	3,580	3,580	3,580	3,580			11,000	45,800 		Computer software	0	2,600	0	0	0	2,000	0	0	0	0	0	0			4,000	4,600 		Motor vehicle expenses	653	451	870	177	149	263	560	0	920	590	210	340			5,000	5,183 		Utilities	0	672	0	0	0	1,476	739	0	1,048	0	0	0			4,000	3,935 		Insurance	0	0	0	329	329	0	0	3,370	0	0	0	0			4,000	4,028 		Office supplies	100	120	180	120	150	190	180	230	230	130	220	250			1,500	2,100 		Lease/loan payments	100	120	100	100	210	50	150	0	200	150	120	200			1,300	1,500 		Rent	3,580	3,580	3,580	3,580	3,580	3,580	3,580	3,580	3,580	3,580	3,580	3,580			42,960	42,960 		Sundries	200	200	140	170	230	200	200	140	170	230	180	220			2,000	2,280 		Travel and Accommodation	1,583	0	1,435	1,947	122	0	0	0	128	171	0	0			5,000	5,386 		Repairs & maintenance	100	0	400	0	0	400	0	300	0	0	0	0			1,500	1,200 		Telephone	300	290	310	320	290	300	290	310	330	240	210	210			3,000	3,400 		TOTAL EXPENSES	65,416	59,413	65,718	55,243	56,440	60,639	57,079	59,310	59,986	56,471	55,900	56,180			665,360	707,795 		SURPLUS/ DEFICIT	39,559	39,587	16,782	77,007	61,810	69,711	39,746	49,340	56,164	38,779	37,800	87,520			595,640	613,805 		BSBFIM601 Manage finances  		Vocational Training Institute RTO 41111 CRICOS 03487C                                          		Version 5.0   This document is Finance Report Template.   It is part of the supporting assessment resources for Assessment Task 2 of BSBFIM601.  BSBFIM601 Manage finances   Student Assessment Tasks  Vocational Training Institute RTO 41111 CRICOS 03487C                                             Page 1 of 1  Version 5.0 Growth Management Consultants    Finance Report       Introduction  Outline purpose of the report.       2016/17 Performance   Analysis of the previous year’s (2016/17) profit and loss statement for Grow Management Consultant,  including revenue generated, cost of sales, as well as gross profit/loss margin and net profit/loss margin.     Analysis of overall business performance, as well as performance of each of the income streams for  2016/17.    Outline the reasons for profit or loss based on your analysis of the data and research on economic  conditions and business trends.       Strategic goals and priorities  Outline the goals and priorities for the upcoming financial year as documented in the Strategic Business  Plan and financial resources required to achieve these goals as per the estimated conference and e- book costs. Include the dates by which these are to be achieved to information the budget forecasts.      Cash flow statements analysis  Provide your analysis of cash flow trends as per the cash flow statements.       Financial Software  Provide your review and analysis of at least three other financial software that the business could use,  including the advantages and disadvantages of each, as well as the advantages and disadvantages of  MYOB.

Sumit · Accepted Answer

Introduction: The purpose of this report is to analyze the financial statements of Grow Management Consultant. The first statement analyzed in this report is the Profit and Loss Statement of the company. In the analysis of the profit and loss statement I have analyzed the Revenue, Cost of Sales, Gross Profit and the Net Profit of the company. The next statement I have analyzed in this report is the Cash Flow Statement of the year. In the analysis of the Cash Flow Statement of the year I have analyzed the Cash Flow Trends of the company. Also, in this report I have Analyzed the Strategic goals and plans of the company and the resources required to achieve the goals. In the last I have suggested three financial software that can be used by the business.
2016/17 Performance: The Analysis of different items is as under:
(a). Revenue Generated: The total revenue of the company was $11,75,600. The main source of revenue of the company was from the Consulting Fees.
(b). Cost of Sales: The total cost of sales of the company was $6,83,523. The largest portion was the Salary (including the PAYG), which contributed to about 77% of the total expenses. The next major expense is of Superannuation,

Cash Flow This document is Cash Flow Statement 2016/17. It is part of the supporting assessment resources for Assessment Task 2 and 3 of BSBFIM601. Grow Management Consultants Pty Ltd Cash Flow...

Answer To: Cash Flow This document is Cash Flow Statement 2016/17. It is part of the supporting assessment...

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