Managing Financial Principles and Techniques - Assignment Example

The paper "Managing Financial Principles and Techniques" is a wonderful example of an assignment on finance and accounting. This paper consists of six tasks under different sections. Task 1 will discuss the importance of costs in the pricing strategy of a Great Deal, will design a costing system for use within the company, and will propose improvements to its costing and pricing systems. Task 2 will apply forecasting techniques to make cost and revenue decisions for Oasis and will assess the sources of funds available to the same company oasis if it wants to expand its business.

Task 3 will suggest the types of budget prepared in an organization that can be useful to Bunzal, will participate in the creation of a master budget for the company, will compare actual expenditure and income to its master budget, and will evaluate budgetary monitoring processes. Task 4 will evaluate the activity-based costing systems used by Best Way manufacturers and will recommend two alternative cost reduction and management processes that could lead to further reduction. Task 5 will apply financial methods to analyze competing investment projects in the public and private sector for a local council will make a justified investment decision for an organization using relevant financial information and will report on the appropriateness of a strategic investment decision using information from a post-audit appraisal.

Task 6 will analyze the annual reports of WM Morrison Supermarkets plc covering the years 2010 to 2014 and will also make recommendations on how to improve the company’s strategic portfolio based on the financial information assessed. II. Tasks and Their Accomplishments II.1 TASK 1 – Great Deal Company 1.0 Section Introduction This section seeks to answer three questions about Great Deal Company which has just started business in 2005, including explaining the importance of costs in the pricing strategy for the company, designing a costing system for use within the company and proposing improvements to the costing and pricing systems used by the company.