Consult with the client to clarify and confirm their expectations, goals and objectives and document the outcomes of this consultation.

Identity, and record, the client's specific legal and financial requirements when establishing, structuring, and financing a business

Discuss with the client their financial options and processes, developing suitable plans for providing information and for achieving the client goals within the agreed timeframes.

Regularly review the progress of the plans against the agreed criteria, clearly communicating the results to the client.

Monitor the client objectives, responding appropriately to changes in client needs.

Seek advice from relevant authorities and sources on the reliability and accuracy of data, according to organisational procedures.

Compile and reconcile the data, confirming that the statements are accurate and that they comply with organisational procedures, statutory requirements, and standard financial reporting principles.

Analyse the data and reports, in line with the standard financial analysis techniques and reflecting the client's business and personal objectives, including assessing the taxation, compliance and business viability issues faced by the client, and risk management options and practices. And document this analysis.

Evaluate the information in relation to the financial profitability, efficiency and stability of the business.

Evaluate the financial potential of the business, including its future funding requirements, and statutory obligations.

Formulate and accurately document financial and business performance advice for the client, using a suitable format, providing them with:

A realistic assessment and view of business financial performance and compliance

Assessment of the relevant significant taxation issues

A comparisons of suitable options

How risks, contingencies and future cash flows may be identified and quantified

Advice on options, rights and obligations related to risk management

New or alternative finance sources

The features of short-term and long-term finance

Completed the Client Information Form provided with this assessment for the case study

Provided suggestions for the client about their business performance by providing an overview of the business performance and options for continuance of the business

Provided details of sources of all advice that you have used, including the relevant authorities and where was sourced from.

Use appropriate methods of presentation, provide the client with, and discuss, the financial and business performance advice