Scenario: You work as a finance manager in the Head Offices of Fort Sport Ltd. You have been asked to assist the management team in preparing and forecasting the company’s expansion plan. Fort Sport Ltd is a small private limited company who began trading in April 2014. The company supplies fitness products online to the public, and specialise in a wide range of sport goods and equipment. The management of the company has decided to increase its production capacity and to identify a variety of financing options. Your line manager has asked you to identify different sources of finance and assess the implications of various sources of finance that would be available to Fort Sport Ltd. Requirement: Identify different sources of finance to expand your business. This may include raising funds through a combination of internal and external sources of finance. Assess the implications of different sources of finance and explain the legal and financial implications of your choice. Evaluate suitable sources of finance for your business project and discuss the advantages and disadvantages of your financial choice.: Understand the implications of finance as a resource within a business) Identify and analyse the cost of finance for your chosen sources. Write a letter to the Manager of Fort Sports Ltd explaining the importance of financial planning and discuss why financial planning is important for the success of the organisation. Evaluate the information needs of different decision makers within an organisation. Explain the impact of finance on the financial statements. Discuss how different types of finance and their costs would appear in the financial statements of your business.