Review the financial records of Aussi Cossi

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Reference no: EM132352641 , Length: 3 pages

Task 1 - Aussi Cossi Case Study/Project

Below is a business profile for Aussi Cossi:

Aussi Cossi is an Australian small business operating in the retail / wholesale clothing trade. It is structured as a sole proprietor.

Required:

Question 1. What evidence is available to indicate that Andrea Cossi is currently following a predetermined strategic plan?

Question 2. What progress towards planned goals do the accounting records for the year ending 30 June 20AC and 30 June 20AD reflect?

Question 3. What indications are present that Andrea is on track "to establish a high profile wholesale and retail outlet and a design studio"?

*Question 4. Review the financial records of Aussi Cossi for the years ended 30 June, 20AC and 30 June, 20AD.

*Question 5. List further evidence of progress towards "a high profile wholesale and retail outlet and a design studio".

Question 6. Prepare management reports for Andrea to support her in managerial decision-making.

It appears the success of the opening celebrations in May has challenged the assumption that May/June sales would be average for other months. Therefore, in predicting future trends the results of 20AB should be left out of the calculations.

Question 7. With 20AC as the base year calculate Sales, Other Revenue and Net Profit for the years 20AE and 20AF based on the assumption that the trend from 20AC to 20AD will continue into 20AE and 20AF.

Question 8. Record your calculations in the following tables:
a) Trend Analysis in percentages

	20AF	20AE	20AD	20AC
Sales			119	100
Other Revenue			136	100
Net Profit			75	100

b) Trend Analysis in dollars

	20AF	20AE	20AD	20AC
Sales			508,000	426,000
Other Revenue			87,700	64,600
Net Profit			81,734	108,559

Overall Performance Measurements

Question 9. Evaluate the performance of Aussi Cossi in 20AD by calculating the following ratios: Efficiency

o Fixed Asset Turnover
o Inventory Turnover
o Debtors Collection Period Effectiveness
o Return on Revenue
o Return on Assets
o Return on Equity

*Question 10. using the Balanced Scorecard approach with the limited information available on the business site, evaluate the performance of Aussi Cossi during the year ended 30 June, AD.

*Question 11. Which of the four perspectives are you unable to evaluate? What additional information do you need to conduct an accurate and meaningful evaluation?

*Question 12. Insert your evaluation and recommendations for improved reporting in each of the four perspectives in a brief report to Andrea.

Write a brief report of your findings, review and analysis. Include a completed Template for Business Evaluation as attached following.

Note: Need only Questions 4, 5, 10 , 11 and 12.

For question 10 it's basically just the vertical and horizontal analysis.

Attachment:- Evaluate business performance.rar

Reference no: EM132352641

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Reviews

len2352641

8/5/2019 11:15:02 PM

• discuss ethical considerations relating to conflict of interest, confidentiality and disclosure requirements • identify the key principles and methods of: • valuation • capital budgeting analysis and investment analysis • cost –benefit analysis and use of performance ratios or comparison techniques. Gather and analyse data relating to program and organisational performance using standard accounting techniques to identify past, current and future performance (Page 7) Research variations from targets and divergences from trends, and evaluate to determine margins of error and any repeating patterns (Page 64) Assess trends in performance in terms of organisational short-term and long-term objectives (Page 95) Develop performance indicators that link organisational processes, resource use and organisational objectives to environmental factors (Page 104) Develop performance indicators using processes that are planned, inclusive and realistic within available timeframes and resources (Page 182)

len2352641

8/5/2019 11:14:54 PM

• analyse trends in business performance using standard accounting techniques • develop performance indicators and identify options for improvement • monitor performance indicators and document options for improvement • Establish organisational objectives, policy and procedures. Gather and analyse data relating to program and organisational performance using standard accounting techniques to identify past, current and future performance (Page 7) Research variations from targets and divergences from trends, and evaluate to determine margins of error and any repeating patterns (Page 64) Assess trends in performance in terms of organisational short-term and long-term objectives (Page 95) Develop performance indicators that link organisational processes, resource use and organisational objectives to environmental factors (Page 104) Develop performance indicators using processes that are planned, inclusive and realistic within available timeframes and resources (Page 182)

len2352641

8/5/2019 11:14:46 PM

3.2 Ensure value is added through use of standard financial management techniques such as capital budgeting Q 1, 2, 3 T 1 Ensure value is added through use of standard financial management techniques such as capital budgeting (Page 206) 3.3 Develop and implement communication strategies to facilitate extension of improvement options in line with operational goals and needs T 1 Develop and implement communication strategies to facilitate extension of improvement options in line with operational goals and needs (Page 227)

len2352641

8/5/2019 11:14:38 PM

2.2 Develop performance indicators using processes that are planned, inclusive and realistic within available timeframes and resources Q 5, 6, 7, 8 T 1 Develop performance indicators using processes that are planned, inclusive and realistic within available timeframes and resources (Page 182) 2.3 Regularly review components of performance indicators for relevance against performance trends and organisational capacities Q 4, 5, 6, 7, 8 T 1 Regularly review components of performance indicators for relevance against performance trends and organisational capacities (Page 192) 3.1 Identify, minimise or eliminate factors inhibiting performance and review organisational programs to include factors that promote performance in line with available resources Q 3 T 1 Identify, minimise or eliminate factors inhibiting performance and review organisational programs to include factors that promote performance in line with available resources (Page 197)

len2352641

8/5/2019 11:14:27 PM

1.3 Assess trends in performance in terms of organisational short-term and long-term objectives Q 3, 4 T 1 Assess trends in performance in terms of organisational short-term and long-term objectives (Page 95) 2.1 Develop performance indicators that link organisational processes, resource use and organisational objectives to environmental factors Q 5, 6, 7, 8 T 1 Develop performance indicators that link organisational processes, resource use and organisational objectives to environmental factors (Page 104)

len2352641

8/5/2019 11:14:17 PM

Criteria Assessment1 Learner Guide Content Mapping 1.1 Gather and analyse data relating to program and organisational performance using standard accounting techniques to identify past, current and future performance Q 1, 2, 3, 4 T 1 Gather and analyse data relating to program and organisational performance using standard accounting techniques to identify past, current and future performance (Page 7) 1.2 Research variations from targets and divergences from trends, and evaluate to determine margins of error and any repeating patterns T 1 Research variations from targets and divergences from trends, and evaluate to determine margins of error and any repeating patterns (Page 64)

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