Essay BSBSMB406 – Manage Small Business Finances – Management Assignment Help

Assignment Task

Performance objective

An effective small business operator must be able to summarise the financial health of the business for presentation to others. The operator should be able to present this information to that it encourages the interest of potential or actual supporters of the business.

Assessment description

Small business operators often need to approach others to seek financial support from them. For this assessment task, you will develop and present a financial report of your business to others.

Procedure

1. Identify the financial targets and performance measures of the business.

2. Calculate the financial performance measures and analyse whether the targets were met.

3. Analyse the effect of the marketing and operational strategies of the business on the achievement of its financial plan.

4. Calculate five relevant financial ratios and compare these with the industry average to gain an understanding of the financial health of the business.

5. Assess the financial plan of the business in the light of these measures and suggest at least two appropriate amendments that could aid the financial health of the business.

6. Use the information from the previous points to develop a presentation that reports on the financial health of the business.

7. Deliver the presentation in a manner that encourages further interest from potential supporters of the business.