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Through the preparation of cash budget, company would be able to allocate necessary costs for business activities. That means control over the unnecessary expenses is possible through cash budget. Moreover, cash budget is formed for short-term business activities (Hofstede, 2012, p.118). This study has monitored and discussed the implications of projected cash budget for the company Happy Food and Drink Ltd. Moreover; possible risks also have been stated clearly for decision support system. Along with this, supportive models have been discussed for controlling the variances within last accounting period. That means the overall contribution of this study has justified the budgeting process and controlling process for better evaluation of accounting issues.

(a) Implications of projected cash budget:

In this case, cash budget has been prepared for the company Happy Food and Drink Ltd, which has stated all levels of costs for business. Moreover, through the cash budget, the financial executive of the company has revealed necessary cash inflows and outflows within business. In the words of Cárdenas et al. (2011, p.360), cash budget is necessary for controlling the operational activities within business. Moreover, cash budget allows activities cost budgeting process, where each task has its relevant costs. That means organisational executives cannot exceed the allocated costs. However, Kaplan and Atkinson (2015, p.92), rolling budget could be another option for reducing the uncertain activities or situations within business, which is not possible through nominal cost budget. The projected cash budget of Happy Food and Drink Ltd is shown below: 

The sales volume and sales price are derived from company’s income statement. Along with this, material price and material usage have been stated for measuring the net variance. Moreover, the company has allocated £5000000 for installation of new fixed assets during the next financial year 2017. Therefore, the company would need to allocate more capital or financial sources for business financing. In the words of Friedland (2012, p.171), allocation of financial sources is necessary based on a prepared cash budget. Therefore, company executives would need to control the unnecessary costs and expenses for increasing the profit margin. Moreover, the variance analysis would be effective for better budget preparation and implementation.

The analysis of variance between the budget report and actual cost sheet is necessary for determining the level of unnecessary costs within the actual business processes. This will help for controlling the business level activities and their relevant costs. Therefore, business level objectives would be monitored and fulfilled effectively (Cooke and Williams, 2013, p.161). However, Bormann and Likens (2012, p.118) argued that uncertain conditions cannot be controlled in business, but the company can place relevant provisions for controlling the uncertain factors in business. Along with this, company's liabilities would need to be reduced for better work capital position in business. Nevertheless, the cost of capital and cost of revenue would need to be reduced for better profitability in business.


Reference list:

Becker, J., Kugeler, M. and Rosemann, M. eds., (2013). Process management: a guide for the design of business processes. Springer Science & Business Media.

Bormann, F.H. and Likens, G., (2012). Pattern and process in a forested ecosystem: disturbance, development and the steady state based on the Hubbard Brook ecosystem study. Springer Science & Business Media.

Cárdenas, A.A., Amin, S., Lin, Z.S., Huang, Y.L., Huang, C.Y. and Sastry, S., (2011), March. Attacks against process control systems: risk assessment, detection, and response. In Proceedings of the 6th ACM symposium on information, computer and communications security, pp. 355-366.




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