Plan and monitor budgets

Assignment Requirements: Case Study

 

Please complete the attached file from Part A to Part B. under part B there will be 3 parts as well, make sure you complete all of them. Use Australia company ” Flight Centre” , http://www.flightcentre.com.au/ .

Part A will have minimum 2 pages type font 11 is required.
Part B will be a table and half page short summary.

Assessment –Project

SITXFIN501 Plan and monitor budgets

PART A (Minimum 2 page type font 11 required) 3 marks each     TOTAL             25

You are to conduct research on a travel agency that you know or have access to information.

 

Write a paper that explains why tourism businesses need to draw up budgets.

a)    What types of budgets might be utilised and why are they needed (SITXFIN501 PC 1.1-1.4)

b)    What information would be used to inform the budgets – Both internal and external?

(SITXFIN501 PC 1.1-1.4)

c)    How might the different section or personnel in an enterprise contribute to the budget? (SITXFIN501 PC 2.2-2.5)

d)    How would you select the appropriate budgeting processes? (SITXFIN501 PC 2.3-2.5,3.1-3.4)

e)    With whom might a draft budget be discussed and why? (SITXFIN501 PC 2.5)

f)     Once the budget is finalised, to whom should it be communicated and why? (SITXFIN501 PC 3.4)

g)    How often and why should a budget be reviewed? (SITXFIN501 PC 4.1-4.3)

h)   What actions could you take in the agency if the budget is not achieving the intended objectives. (SITXFIN501 PC 4.4-4.5)

 

 

PART B (Hand written submission accepted, but typed response also accepted)

(SITXFIN501 PC 1.1-1.4,2.1-2.5,3.1-3.4, 4.1-4.5)                                                                   TOTAL                   /15

Below (page 4 also in elearning is a soft copy in Excel under Finance2 tab) is a budget for ACA Travel in Sydney. It is a small travel agency and has been operating for 2 years.

You are required to complete the table with the figures for the agencies;

• Budget
• Actual,
• Variance
• Variance %

For each area of the budget.

The grey areas need to be completed.

You can complete the table by hand, however to ensure that the sections are finalised.

 

 

PART B  (Minimum 1/2 page type font 11 required) (SITXFIN501 PC,3.1-3.4, 4.1-4.5)

TOTAL                   /10

 

Once completed give a short summary of overall understanding of the finances of this agency and how as a manager you could make positive changes to the business

PART B Hand written submission accepted, but typed response also accepted.       Note that negative figures are listed as;     -$1000

 

Order Now

http://zelessaywritings.com/order/

 

You can place an order similar to this with us. You are assured of an authentic custom paper delivered within the given deadline besides our 24/7 customer support all through.

 

[order_calculator]