Financial Plan

Assignment Content

1. Resources:
   
   • Financial Plan Grading Guide
   • Cash Budgeting Scenario
   • Cash Budget Worksheet
   • Cash Budget Worksheet Answers 
   • Purpose of Assignment
     
     
     In this assignment, you will be evaluating a cash budgeting scenario and developing a financial plan for a fictional business.
     
     
     Assignment Steps
     
     
     Review the Cash Budgeting Scenario.
     
     
     Calculate the cash budget using the Cash Budget Worksheet, and use the Cash Budget Worksheet Answers to review your work.
     
     
     Write a 700- to 1,050-word financial plan in which you complete the following:
     
     
     
   • Discuss potential cash budget benefits and pitfalls for the business, including how the budget supports the strategic goal of the business to increase revenue by 10% annually.
   • Outline your expected business expenses (e.g. fixed and variable costs, marketing, labor, operations, insurance) and sources of revenue (e.g. funding, sales of products/services).
   • Include an income statement, balance sheet, and cash flow statement.
   • Explain how you will adjust your small business cash budget to manage contingencies (such as emergencies and market shifts) as well as product and distribution shifts.
   • Compare the differences between a cash budget and an operating budget, and explain why both are beneficial.
   • Explain why a budget variance analysis is crucial for the operation of a business, and discuss how often a budget variance analysis should be performed.
   • Summarize your findings/recommendations.
   • Submit the assignment.