$20 Bonus + 25% OFF
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
Add File

Error goes here

SITXFIN004 Assessment Answers Prepare And Monitor Budgets

tag 22 Downloads3 Pages / 573 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT


You are required to develop solutions to the simulated workplace scenario by analysing financial and other business information to prepare and monitor budgets. It requires the ability to draft and negotiate budgets, identify deviations, and manage the delivery of successful budgetary performance.
Analyse the case scenario in terms of factual and numeric information on the scope and nature of required budget information provided.
Assessment activity
1. As the manager for the hotel, identify scope and nature of required budgets for the hotel
2. Identify colleagues and officers who can contribute for budget preparation and their valuable inputs
3. Identify and analyse internal and external factors for potential impact on budget
4. Based on the internal external factors, estimate income and expenditure for the budget preparation for the next accounting cycle. Make your assumptions
5. Consider and incorporate hotel objectives for your budget preparation 6. Using the information available and above analysis, prepare a draft budgeted statement of financial performance of the hotel restaurant for the next year
7. Though you are provided with available budget information, provide your recommendations for required modifications considering other factors 8. Identify the policies and procedures required to consider for the budget preparation
9. Determine and outline the required budget monitoring and review strategies
10. Share your draft budget to your colleagues and managers for their input 
Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

Unique Document

Under Evaluation

Get Money
into Your Wallet

Total 3 pages, 1 USD Per Page

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2020). Assessment Answers Prepare And Monitor Budgets. Retrieved from https://myassignmenthelp.com/free-samples/sitxfin004-prepare-and-monitor-budgets.

"Assessment Answers Prepare And Monitor Budgets." My Assignment Help, 2020, https://myassignmenthelp.com/free-samples/sitxfin004-prepare-and-monitor-budgets.

My Assignment Help (2020) Assessment Answers Prepare And Monitor Budgets [Online]. Available from: https://myassignmenthelp.com/free-samples/sitxfin004-prepare-and-monitor-budgets
[Accessed 17 October 2021].

My Assignment Help. 'Assessment Answers Prepare And Monitor Budgets' (My Assignment Help, 2020) <https://myassignmenthelp.com/free-samples/sitxfin004-prepare-and-monitor-budgets> accessed 17 October 2021.

My Assignment Help. Assessment Answers Prepare And Monitor Budgets [Internet]. My Assignment Help. 2020 [cited 17 October 2021]. Available from: https://myassignmenthelp.com/free-samples/sitxfin004-prepare-and-monitor-budgets.

Gone are the days when you had nightmares of failing to secure marks in math assignments. If you are considering, “Will someone do my math homework?" you are incredibly fortunate.  PhD experts at MyAssignmenthelp.com will help you out with your calculusalgebrageometry assignments etc. Our Math homework help also comes with backup checks to trace silly mistakes. Our math solvers offer swift assistance so that students can submit the assignment on time. Thus, grab the opportunity to end your quest of finding 'someone to do my math for me’.

Latest Finance Samples

FIAC214 Financial Accounting

Download : 0 | Pages : 5

Answer: Introduction  About the company  Domino’s Pizza is an international company with its base in the United States and is the second largest food chain across the world. We are studying the annual report of the year 2016 according to which the company has 13800 stores in over 85 countries (Pizza 2016). The company operates as a franchise model and also sells pizza through company owned stores. The majority revenue comes f...

Read More arrow

FINC20019 Money And Capital Market Analysis

Download : 0 | Pages : 14

Answers 1. Introduction Capital markets and money markets are considered significantly essential for the success and development of the companies and countries (Smith, 1973). In this question, the impact of global financial crisis will be discussed. It is be highlighted how Global Financial Crisis impacted the international financial markets and stability of the financial system. After that, the disaster recovery processes adopted by commercial...

Read More arrow Tags: Australia Melbourne Management University of Melbourne Masters in Business Administration 

ACC00716 Finance

Download : 0 | Pages : 9

Answers 1: Memo To: Initech Re: Decision concerning appraisal of capital investment We as a consultant company would like to express our deep gratitude for providing us with the opportunity so that we can work on the appraisal decision of capital investment made by you. We have been provided with two types projects relating to device part and conveyer system. The detailed analysis of two proposals presented by you will be analyzed in detail f...

Read More arrow Tags: Australia Caloundra Management Business Management University of Queensland MBA 

FNCE201 Corporate Finance

Download : 0 | Pages : 12

Answer Introduction This paper evaluates the statement of “value maximization is always ethical”. Value maximization is the process of enhancing net worth of the company’s through increased share prices on common stock. Value maximization is the process of increases in owner’s wealth accomplished through maximizes the value of company’s common stock in the stock market. Value maximization is the need of the share...

Read More arrow Tags: Singapore Finance Corporate Finance University of Singapore 

SITXFIN003 Manage Finances Within Budget

Download : 0 | Pages : 7

Answers: Introduction  The medium-sized hotel business, in the case study, has a restaurant, piano bar, longue bar, a motel complex with 20 rooms and front bar. All these have to be managed and financed by a single business.  1. This business could be divided into different cost centres for the ease of Management.  These call centres are Administration, accommodation, bars, sales and marketing, cafeteria, room keeping (D...

Read More arrow Tags: Australia Melbour Management Wireless Sensor Networks University of New South Wales 

5% Cashback

On APP - grab it while it lasts!

Download app now

*Offer eligible for first 3 orders ordered through app!

callback request mobile
Have any Query?