1. Complete the following activities:
2. Analyse financial information

• Analyse the information provided in the profit and loss account and cash flow statement including:
• Review of overall performance and gross/net profit margins.
• Calculation of variation in actual versus budgeted amounts for each income source.
• Calculation of variation in actual versus budgeted costs, focusing particularly on conference costs.
• Recommended revisions to the budget for conference costs for 2016 - 2017.
• Proposed conference fee for 2017 conference assuming attendance of 70 people and to make a profit of at least 20%.

1. Based on your analysis of the profit and loss account, develop a short report to submit it to the Principal Consultant (your assessor) that includes your analysis as above.