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Analyse the information about the activities and financial performance WILDWOOD CREATIONS Ltd. Prepare an Executive Report of no more than 2 pages for the owners of Wildwood Creations, setting out the overall outcomes and conclusions of your analysis which addresses the following listed requirements and issues.
The two page report is to be in proper format, structure and style, and is to be accompanied by relevant Appendices. The Appendices of relevant Schedules are to be in a proper presentation format, and structured to show the relevant calculations that support your analysis. There is no limit on the number of
6
schedules/tables/workings that the APPENDIX contains. However, these schedules/tables and workings must be clearly formatted and understandable.
Suggestions: 1. Prepare a schedule showing the differences between the planned outcome and the actual results for WILDWOOD CREATIONS for the period July 2015 to June 2016.
2. Prepare a profit reconciliation of planned versus actual profit by quantifying, in dollar terms, all significant factors.
3. Prepare a revised budget using all the previous planning assumptions, but use the total actual number of jobs that WILDWOOD CREATIONS company worked on during the year July 2015 to June 2016. In essence create a flexible budget based on the actual number of jobs worked on.
4. Consider how the different compensation (salaries, wages) arrangement of the company affect profit?
5. What changes should Dekkan and his partners consider making based on the results of your analysis.
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