BSBFIM601 - Analysing Previous Financial Data And Reasons For Profit Or Loss - Identify Future Expenses & Cash Flow Trends - Accounting Finance Assignment Help

Assignment Task -

Task 1 :-

You will need to write a report outlining the following :

What methods would you use to plan for financial management including:

1. What you would analyse in order to find information on previous profit/loss?
2. How would investigate the reasons for previous profit/loss?
3. How would you analyse identify future expenses etc…?
4. How would you analyse cash flow trends?
5. What requirements might you have in relation to taxation?
6. What types of software might you need for financial management?
7. Then discuss the steps involved in creating a budget:
    

Questions :

Answer the following questions either verbally with your assessor or in writing :

1. What does a balance sheet enable you to do?
2. Poor cash flow may arise from what?
3. Monitoring expenditure has important advantages. What are they?
4. Why do you need a good financial record keeping system?

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