SCENARIO Carrefour Kenya Carrefour, one of the largest French hypermarket chains globally, was introduced to the Middle East and North Africa (MENA) market in 1995 by Majid Al Futtaim, and opened the first store in Kenya in 2016. As a result, Carrefour has become the most dynamic, fast-moving and exciting hypermarket chain in the region. Carrefour ensures customer satisfaction and everyday convenience while offering unbeatable value for money with a vast array of more than 100,000 products. Shoppers can purchase items for their every need, whether home electronics or fresh fruits from around the world, to be locally produced. The wide range of products includes the following: Automotive, Baby Products, Bakery, Beauty & Personal Care, Beverages, Bio & Organic Food, Fashion Accessories & Luggage, Cleaning & Household, Electronics & Appliances, Health & Fitness, and Home & Garden Mission To provide customers with quality services, products and food that is accessible to all across all distribution channels. Through the expertise of our employees, a responsible and multicultural approach, our broad territorial presence and our ability to adapt to production and consumption modes, our ambition is to be the leader of the food transition for everyone. Brand values Together-defines synergy where the whole is greater than the sum of the parts. We are creating the future together with an atmosphere of support that makes collaboration, information and consensus building easy. Passionate defines youthful high energy, spirited outlook that believes that anything is possible. Twenty years ago, who would have thought that we would experience snow in the desert. Bold-being bold has always been the embodiment of Majid Al Futtaim, being the first to bring transformational experiences under one roof. Brief Carrefour Kenya operates in the current business environment which is characterized by uncertainties and risks due to the Covid-19 pandemic that has revolutionized how firms operate. However, Carrefour is keen to ensure that it achieves its full mandate of providing customers with quality services, products, and food accessible to all across all distribution channels. You have been offered an Internship position at Carrefour Kenya as a Finance Trainee. You will be reporting to Mr. Karan Gupta, the firm's Finance Manager. Submission Format Part B- (Report) Report: This is a document that presents focused salient content to a specific audience. A report is often used to display the result of an experiment, investigation or inquiry. A report often uses persuasive elements, such as graphics, images or specialized vocabulary in order to persuade that specific audience to undertake action The Report should be written concisely in formal business style using Times New Roman, 1.5 spacing and font size 12. You are required to make use of headings, paragraphs and subsections as appropriate and all work must be supported with research and referenced using the Harvard referencing style. The recommended word limit is 2.000 - 2.500 words. Part B (this provides evidence for LO2, L03 & 4 criteria P3, P4, P5, PC, P7 M2, M3, M4, D2, D3) The use of appropriate financial ratios is a standard in analysis that enhances the accuracy and reliability of the financial statement in showing the financial position of an organization. This is important for decision making Your supervisor, M Gupta requires you to prepare a report demonstrating an understanding of financial statement preparation and interpretation for a sole trader business and evaluating business performance. In your report Use the available trial balance for sole traders (Appendixl), partnerships (Appendix 2) and not-for-profit organizations (Appendix 4), make appropriate adjustments then prepare financial statements to meet accounting principles, conventions and standards. Critically evaluate Carrefour Kenya's financial statements (Appendix 3) to assess its performance using a range of measures and benchmarks to make justified conclusions. Calculate and present financial ratios from a set of final accounts and compare the performance of Carrefour over time using calculated ratios and evaluate the performance with reference to relevant benchmarks (Appendix 3). Prepare a cash budget from given data for an organisation using a spreadsheet (Appendix 5) Discuss the benefits and limitations of budgets and budgetary planning, control for an organisation. Identify corrective actions to problems revealed by budgetary planning and control for effective organisational decision making. Justify budgetary control solutions and their impact on organisational decision making to ensure efficient and effective deployment of resources