Business Economics and Finance in a Global Environment

Project Assessment - Finance

Report Assignment in Accounting and Finance

You have received an email from the Chief Executive Officer of Clark Casc Logistics plc, where you are employed as manager of the refrigerated goods division, inviting you to the first in a series of budget- setting meetings and asking you to submit a brief report in advance.

Dear "Laser",

For the last financial year Clark Casc Logistics plc made a profit of £32 million - with profits of £18 million in the first six months of this year and the Board believes that there is scope for continuing expansion. We are therefore reaching out to all managers to provide realistic budgets for the income and costs for which they are responsible, so that we can plan ahead with confidence.

We will be holding a first round of budget-setting meetings on Thursday next week. As the manager of the refrigerated goods division, the income and expenditure for which you were responsible for the last financial year were as follows.

Your expenditure for the first six months of the present financial year is as follows, with a comparison with the budget which, I would remind you, you agreed to this time last year.

Required:
Write your report, addressed to the Managing Director of Clark Casc and containing the following sections, as directed in the Managing Director's email. Submit your report in the Turnitin dropbox.
1. Introduction
2. Budgeting Approach
3. Relevant Calculations, including any investment appraisal
4. Proposed Income and Expenditure Budget
5. Conclusion
6. Recommendations
7. References

Your report must be between 2,250 and 2,750 words in length excluding references.

Attachment:- Business Economics.rar