As stated in the Business details above, ACA Restaurant Cafe' is owned and managed by partners Emma Supreme and Rufus Clarendon. It is located within ACA Hotel.

The Restaurant Caf' is currently open:

Monday - Friday: 6:00 am - 9:00 pm

Saturday:8:00 am - 9:00 pm

Sunday 8:00 am - 9:00 pm

The Owners of the restaurant have recently decided to start opening on more hours on Saturdays and Sundays due to increased business operation and customer demands as follows:

Saturday:6:00 am to 11:00 pm

Sunday: 6:00 am to 11:00 pm

ACA Restaurant Cafe' has been experiencing consistent growth in sales and numbers of customers over the last two years.

The Owners of ACA Restaurant Cafe', fosters an environment of energy, skills, and determination to exceed the customer's expectation. Understanding the need for quality customer service and ensuring to run the being business long-term, the Owners of ACA Restaurant Caf' ensures to plan, create an effective budget process to tightly manage its financial performance and keep on track. They are aware that investing their time to create and manage budgets, prepare and review their plans and regularly monitor finance and performance allows you to create a focus for the direction of their business and provides targets that will help the business grow.

Now as part of their budget management, they want to review their finances of ACA Restaurant Caf' and have allocated you, as the Manager, Joe Roux, to conduct this evaluation using the background knowledge of their Business Plan (available on e-learning). They require you to ensure the finances of ACA Restaurant Caf is within control, that the business has the capacity to continue to fund the current commitments, make confident financial decisions and meet objectives and also check that ACA Restaurant Caf will have enough money for their future ventures (e.g. expanding their catering services).

In order to complete this task successfully, you , as the Manager have decided to generate a report that will reflect on all the collection of internal and external sources of data of the budget processes within the business, their communication plan, financial objectives and targets set down, how drafting of budgets are considered and their benefits and shortcomings, and also review of why the business need to draw up and monitor budgets.

A detailed review of the ACA Restaurant Caf' Business plan prior to commencement is recommended.

Sections of the business plan can be used throughout this assessment and you may refer to its details for your task completion.

You may utilise search engine to research similar business's to ACA Restaurant Caf' and apply your findings within your report to support constructive evaluation of the finances established within the restaurant caf' and articulate the effectiveness of the objectives and targets set. This report will allow the Owners to understand what outcomes they are working towards and what they are trying to achieve.

Your Task is to:

task 2

Describe the sources of information that could be utilised to inform these three (3) types of budgets - Give a working example of how both internal and external methods of communication could be used at ACA Restaurant Cafe' and how the sources of information have changed over time with technology.