Part I:Analysis Sections 1 3 Subdivide your analysis into three distinct sections: 1 Revenue 2 Expenses and 3 Profitability

Part I:
Analysis (Sections 1 – 3)
·
Sub-divide your analysis into three distinct sections: 1) Revenue, 2) Expenses, and 3) Profitability
·
For each section, review the financial statement below and comment on:
·
Current status, apply vertical analysis to both Actual Results and Budgeted Results.
·
Determine and comment on the variance as it applies to each section.
Ask yourself things like:
o
How did management perform against what was budgeted?
o
What are the strengths and weaknesses of this operation per section based on your variance analysis?
·
Create graphs or charts to illustrate and help clarify your synopsis
Part II:
Recommendations & Budgeting (Sections 4 and 5)
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After your financial analysis in sections 1 – 3, add two more sections; 4) Recommendations and 5) Budgeting.
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Section 4:
Based on your synopsis in sections 1 – 3, what recommendations would you make to upper management that would reduce expenses and increase revenues.
For example:
o
Talk about your thoughts on product mix.
Where should they focus their marketing dollars next year in order to increase profit margin?
o
How will your recommendation affect food cost?
o
What other recommendations would you make based on this year’s performance?
o
Consider doing some outside research of current fast food chains, compare how they perform versus this operation to support your recommendations
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Section 5:
Prepare next year’s budget
o
Create next year’s budget based on what it would look like if upper management accepted your recommendations
o
Consider doing some outside research of current fast food chains, compare how they perform versus this operation to support your recommendations

 

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