APC assessment 2 finance




APC assessment 2 finance

APC assessment 2 Part A: Multiple Choice

1. B

2. B

3. D

4. A

5. D

6. C

7. B

8. D

9. D

10. D

11. A

12. A

13. D

14. B

15. D

16. D

17. A

18. B

19. B

20. A

21. A

22. A

23. A

24. C

25. D

26. D

27. A

28. D

29. D

30. D

APC assessment 2 Part B: Short Answer

  • Master budgets – This will be an annual budget for the overall fiscal year, including general estimated costs.
  • Operational budget This is a budget of all the operation expenses that must be paid for.
  • Cash flow budget – Controlling and monitoring the cash flow is very important for keeping the business flowing smoothly.
  • Financial budget – Budgeting all the sales that are made and making sure that sales are profitable.
  • Capital budget – event and change budgeting to maximise profitability.
  • Cash Flows Statement is referred as lifeblood of organisation because it includes actual cash been received and paid for period of time by the organisation throughout its business activities and operations.

    Monitoring and counting the cash every day and recording the figures every day.

  • ......

    APC assessment 2 finance
    Last updated: Sep 2023

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  • The two sources of data which can be used for analysis will come from the company financial reports which accountant have created and also the bank can give a good amount of information about the transactions, profits, cash and position of the company.

  • The data that is collected can be used in many types of financial reports and reviews which can be used to identify the financial performance in certain areas of the organisation. Different reports are used for different processes such as income statements to determine profit/loss, cash flow statements for cash availability and variance reports for differences in budgets and actual performances.

  • A financial plan is an overall idea of how to company is going to utilise its finances in order to improve the performance of the company. The financial plan is effective for identifying certain goals and objectives that the business aims at achieving.

    It will contain:

  • Brief current situation
  • Objectives
  • Options and opportunities
  • Evaluation of opportunities
  • Implementation strategies
  • Monitoring and reviewing
  • Some factors that could affect a budget would include

  • Sales figures and projections
  • Market Situation
  • Economic Situation
  • Government Policies and Procedures
  • Competitors
  • Customer Trends
  • Seat: 160

    Turnover = 80%

    Sales = 128

    Average money spent: $16.50

    Projected Lunch Sales = $2,112 every day

  • Seat: 160

    Turnover = 70%

    Sales = 112

    Average money spent: $25.50

    Projected Lunch Sales = $2,856 every day

  • Lunch:

    Days: 260

    Project sales: $2,112

    Annual sales = $549,120


    Days: 312

    Projects Sales: $2,856

    Annual Sales: $891,072

    Total Annual Sales:



    APC assessment 2 finance
    Last updated: Sep 2023

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