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Budgeting and Financial Analysis for Fleet Highlands Café


Your Task:

The Fleet Highlands Café is a company that prepares meals for tourists and citizens in its kitchen located next to the local airport. The company’s planning and actual budgets for March appears below:


a)What is the objective of preparing a budget for Fleet Highlands Café? (10 marks)

b)Prepare a report showing the company’s revenue and spending variance for March? (20 marks)

c)Which variances should be of concern to management? Explain (40 marks)

d)Advise the Fleet Highlands Café on what they need to do to maintain their profitability and sustainability going forward. (20 marks)

The word count for this assignment is 1,500 words and will not include the title page, executive summary, contents page or bibliography.

It is important that you show knowledge of key debates within the wider literature. Also, it is strongly advised that you are critical in your writing and ensure a good level of integration and coherence in applying theories. Please work on, and ensure an excellent level of criticality, coherence, and flow of your report. This will require effective discussion and clarity.


The reassessment will be a resubmission of this report, with tracked changes made in response to the feedback given. The date for Reassessment is 30th May 2020.

The Learning Outcomes assessed by this assessment are:


1.Demonstrate an understanding of different markets and sources of finance; and the role of budgeting in an organisation.  

2.Be able to assess budgets based financial data to support organisational objectives (CMI Los 2).

Thinking skills

3.Analyse the information contained in a company’s annual report; and appraise finance and investment decision.

Skills for life and work (general skills)

4.Demonstrate an understanding of the context within which accounting operates, and the various local and international standards that need to be complied with.

Subject-based practical skill

5.Effectively apply key ratios appropriate for analysing the financial performance of the organisation.

6.Effectively apply budgets and investment appraisal techniques.

Objectives of Preparing a Budget

Revenue and Spending Variance Report 

Variance which should concern Management 

Advising Twin Rivers Café

Submitting Assessments Using Turnitin:

Turnitin is required for coursework assessments, such as report/research papers or projects in Microsoft Word, PowerPoint, and in PDF format.  There are two main reasons we want you to use Turnitin:

·Turnitin can help you avoid academic breaches and plagiarism.  When you use Turnitin before a submission deadline, you can use the Originality Report feature to compare your work to thousands of other sources (like websites, Wikipedia, and even other student papers).  Anything in your work that identically matches another source is highlighted for you to see.  When you use this feature before the deadline, you will have time to revise your work to avoid an instance of academic breach/plagiarism.  

·Turnitin saves paper.  When using Turnitin to electronically submit your work, you will almost never have to submit a paper copy.  

Late Submissions Using Turnitin

UEL has permitted students to be able to submit their coursework up to 24 hours after the deadline.  Assessments that are submitted up to 24 hours late are still marked, but with a 5% deduction.  However, you must be very careful when you are submitting your assessment.  If you submit your work twice, once using the original deadline link and then again using the late submission link on Turnitin, your assignment will be graded as late with the 5% deduction.

Work should be submitted on Turnitin and all feedback will be on Turnitin. This will be released to students on 01st May 2020 at 1700hrs.

You may submit formative work to your seminar tutor by 03rd April 2020. Generic feedback will be given to the whole class.

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