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MNE3701 ASSIGNMENT 2 2023 SEMESTER 1 /call/sms //
- Institution
- University Of South Africa (Unisa)
MNE3701 ASSIGNMENT 2 2023 SEMESTER 1 /call/sms 4/3/5
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PASSMATE TUTORIALS passmatetutorials@gmail.comDISCLAIMER: THIS IS NOT AN OFFICIAL GUIDE FROM UNISA. THE
FRAMEWORK IS NOT PREPARED NOR APPROVED BY UNISA, RATHER
REPRESENTS A POSSIBLE SOLUTION TO THE TASK CONSISTENT WITH
THEORY. THIS FRAMEWORK IS ONLY INTENDED TO ASSIST STUDENTS IN
GETTING STARTED WITH THEIR ASSIGNMENT, AND IN NO CASE THIS
DOCUMENT SHOULD BE USED FOR CHEATING, THUS NO STUDENT IS
ENCOURAGED TO COPY THIS DOCUMENT, NOR ITS SECTIONS FOR
SUBMISSION. WE BELIEVE THE FRAMEWORK WILL BE A GOOD STARTING
POINT AS IT WAS PREPARED BY OUR TEAM OF PROFESSIONAL PRIVATE
TUTORS WHO ARE EXPERTS IN THE FIELD, AND IT WAS PREPARED USING
VARIOUS SOURCES. ANY SIMILARITY WITH ANY EXISTING THEORY OR
DISCUSSION BY OTHER AUTHORS IS EXCUSED. THE AUTHORS HOWEVER DO
NOT CLAIM MONOPOLY TO KNOWLEDGE HENCE MODIFICATION OF THE
ANSWERS CONTAINED IN THIS FRAMEWORK MAY NOT BE PROHIBITED AS IT
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PASSMATE TUTORIALS 061 262 1185/068 053 8213/0717 513 144
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Table of Contents
QUESTION 1 ............................................................................................................. 3
By using practical examples, demonstrate how you would go about
constructing financial statements of your small business. (30) .......................... 3
Financial statements ............................................................................................ 3
Importance of financial statements..................................................................... 3
financial statements preparation......................................................................... 3
1. Recorded facts .............................................................................................. 3
2. Accounting conventions .............................................................................. 4
3. Personal judgments ...................................................................................... 4
3 types of financial statements............................................................................ 4
Balance sheet .................................................................................................... 4
Income statement.............................................................................................. 6
Cash flow statement ......................................................................................... 7
QUESTION 2 ............................................................................................................. 8
By using practical examples, demonstrate how you would go about conducting
financial forecasting for your business. (20) ......................................................... 8
4 common types of financial forecasting ........................................................... 8
1. Sales forecasting .......................................................................................... 8
2. Cash flow forecasting ................................................................................... 9
3. Budget forecasting ..................................................................................... 10
4. Income forecasting ..................................................................................... 10
PASSMATE TUTORIALS 061 262 1185/068 053 8213/0717 513 144
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