Demonstrate ICT skills in data manipulation

Assignment Help Financial Management

Reference no: EM133895548 , Length: word count:2000

Report with Financial Records

Assessment - Importance of Financial Management

Learning Outcome 1: Demonstrate the skills and knowledge to interpret and maintain basic financial data.
Learning Outcome 2: Illustrate how financial data analysis can aid decision making in business.
Learning Outcome 3: Demonstrate ICT skills in data manipulation

Assessment Task:
You are the Financial Analyst for GreenWay Landscaping LTD, a company that specialises in providing eco-friendly landscaping solutions to both residential and commercial clients. Over the past two years, GreenWay has experienced significant growth due to increased demand for sustainable outdoor spaces. However, the management team is concerned about rising costs and wants a clearer understanding of the company's financial health. Get online assignment help to achieve academic success!

The Chief Executive Officer (CEO) has tasked you with preparing a detailed financial report based on the company's performance for 2023 and 2024. This report will help the management team make informed decisions about future investments, cost management, and growth strategies.

To assist CEO & the senior management in their decision-making process, you need to analyse the company's recent financial statements and other financial mathematics to answer their main question:

Define and discuss the concept and importance of financial management. Using examples, describe and discuss the processes businesses might use to improve their financial performance.

Introduction (Aim of the report)

Section 1

Describe the importance of financial management for a company's long-term growth? Provide examples to support your answer.
Describe the key components of financial statements and how do the Income Statement and Balance Sheet help stakeholders assess the financial health of a business?

Section 2

Students are required to use ‘SHOW FORMULA' function in MS Excel (see template provided) and provide 2 screenshots each (calculation view and formula view) in the appendix area for all questions in this section.

Section 2(a)
Using the data in Table 1 below, complete the Income Statement in the Excel Sheet (A). (see Excel Template).

Table 1: Excerpts of Income statement for the year ended 30th June 2024

Particulars	£
Wages and Salaries	78000
Marketing	35600
Rent & Rates	39000
Phone & Internet	7400
Stationery & Printing	5500
Turnover	475000
Cost of goods sold	28% of Turnover
Sundry Expenses	18750
Finance Cost	5250
Tax	20% of Profit before tax

Use excel formula to compute for the following:Gross ProfitProfit from operationsProfit before tax andProfit for the year

Section 2(b)
Use Excel formula to Vertically analyse the income statement from section 2(A).

Discuss your findings briefly

Section 2(c)

Use Excel formula to complete the financial position (Balance sheet) and all other computations from the second Excel sheet (B) (see Excel Template).

Section 2(d)
Use the data from the Excel sheet (C), GreenWay Landscaping Ltd's financial statements to calculate the following ratios for 2 years (2023 & 2024).

Profitability

a) Net Profit Margin

b) ROCE

Liquidity

c) Current Ratio

d) Quick Ratio

Efficiency

e) Asset Turnover Ratio

Section 3
Briefly explain what do you understand by "Liquidity"?

Using the results from Section 2(c), Comment on the Liquidity position of GreenWay Landscaping Ltd and discuss what steps can be taken to further enhance the profitability of the company?

Conclusion.

Reference no: EM133895548

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