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please help with my assignment for all 4 tasks. and relate the venture or the type of business is a hair beauty salon business when
please help with my assignment for all tasks. and relate the venture or the type of business is a hair beauty salon business when answering. please answer in the currency RandsZar in south Africa. using south african template
Note:
In order to achieve the objectives listed above, complete the following tasks and attach all relevant
evidence in your POE guide.
Task SO AC AC AC ; CCFO
You are required to apply cash flow management in the running of a new venture. Use the guidelines
below
a Create a cash flow forecast for your venture. Attach evidence in your POE guide.
SO AC
b Use the cash flow forecast you created in a above, to determine a working capital for your
business.
SO AC
c Obtain your company's bank statements and interpret these for reconciliation with the cash book.
SO AC
Task SO AC AC AC ; CCFO
This is a follow up of task You are now required to apply an accounting system to manage your new
venture. Use the guidelines below
a Establish an accounting system for your new venture. Attach relevant evidence in your POE guide.
sO AC
b Monitor the accounting system for effectiveness. Attach evidence.
sO AC
c Cater for taxation requirements in the accounting system of your new venture. Attach evidence.
so AC
Note
Attach all relevant evidence in your POE guide
Task SO AC AC ; SO AC AC AC ; SO AC AC AC AC ; CCFO
This is a follow up of tasks and You are now required to analyse an income and expenditure
statement and balance sheet for your venture. Obtain a Trial Balance you shall use to compile your
Income Statement and Balance sheet from your supervisor. Attach a copy in your POE guide and use
the guidelines below
a Identify sources of income and expenditure for your new venture.
sO AC ; SO AC
b Create an income and expenditure statement for your new venture. Attach evidence in your POE
guide.
sO AC
c Analyse the income and expenditure statement to determine the financial viability of your new
venture.
d Prepare a balance sheet for your new venture. Attach a copy in your POE guide.
;
e Evaluate your balance sheet in terms of equity or financial net worth
SO AC
Note
As evidence attach all relevant evidence in your POE guide
Task SO AC AC ; CCFO
This is a follow up of tasks and You are now required to make a financial decision based on
financial statements of your venture. Use the guidelines below
a Calculate the following ratios and make recommendations on how to improve these:
Profitability
Liquidity
solvency
sO AC
b Analyse the financial strengths and weaknesses of own venture and make suggestions to
improve income and reduce costs.
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