Problem
Role-play:
Assume that you are working as part of the accounts team at Bean's Coffee (e.g. Junior Accountant). Using the sample data and the organizational context as above, analyze and report on company's financial statements as per the instructions below. For the purpose of this task, your trainer/assessor will the role of the Team Leader and the Accountant. Where needed, the class audience (or a group selected by the trainer/assessor) will play the role of organizational stakeholders.
Task:
Review the given financial plans and;
1. Analyze projected incomes and provide reason(s) for variances.
2. Analyze projected expenses and provide reason(s) for variance.
3. Analyze company's asset positions over the projected period and provide reason(s) for variance.
4. Analyze the case flow and discuss company's cash health over the projected period.
5. Identify and explain any problems in company's financial situation.
6. Identify and explain any perceived risks involved with any of the financial decisions (projections).
7. Provide a verbal summary report to your manager (trainer/assessor roleplay) and seek feedback.
8. Prepare a brief report on the current financial situation of the company from the available data.
The report should contain an overview of the business activities and the underlying assumptions.