Get FIN5003 Financial Control and Budgeting Assignment Help

March 24, 2022 admin 0 Comments

Are you worried about your FIN5003 Financial Control and Budgeting Assignment that you need to submit to the professor but cannot present due to some issues like time and complications in the assignment? So now you no need to worry about your assessment with Punjab Assignment Help.

***Get FIN5003 Financial Control and Budgeting Assignment Help with Punjab Assignment Help***

Assessment Type: Portfolio of Tasks

Date for Submission: Please refer to the timetable on ilearn

(The submission portal on ilearn will close at 14:00 UK time on the date of submission)

Table of Contents

Task 1 in FIN5003 Financial Control and Budgeting

Critically analyse the legal, financial and regulatory environment of health and social care.

Critically evaluate the use of alternative funding options such as Private Finance Initiatives (PFI), agency partnerships, competitive tendering and outsourcing in the health and social care sector.

Discuss agency theory in the context of the NHS. Explain the importance of and ways of communicating with stakeholders in the context of budgeting.

Task 2 in FIN5003 Financial Control and Budgeting

Write a 2000 word briefing document covering the following points;

Critically discuss the impact of financial constraints, costs and budgets on health and social care service managers, their clients and other stakeholders.

Explain the particular challenges of budgeting in public sector organisations

Critically discuss the advantages and disadvantages of incremental and zero-based budgeting.

Task 3 in FIN5003 Financial Control and Budgeting

Sams Ltd is specialized in producing and selling washing machines. In 2018, the manufacturing cost per unit included:

	£
Direct material	125
Direct labour (20 minutes per unit)	45/hour
Variable manufacturing overhead	20
Variable selling expenses	15
Variable administrative expenses	10

Fixed costs for the year ended 31 December 2018 were:

	£000
Fixed manufacturing	1,100
Fixed selling and distribution	1,450
Fixed administrative	675

The company produced and sold 220,000 units at £225 per unit.

In 2019, management has decided to increase the selling price by 25% and to maintain the same contribution margin ratio as last year. This increase in price is to meet an increase of £1,450,000 in fixed costs in 2019. The company has produced and sold the same quantity in 2019 as last year.

Required

Calculate the break-even point and margin of safety in both units and revenue for the two years, 2018 and 2019, and briefly comment upon the results.

Critically discuss key assumptions attached to the breakeven model, within the light of the reality of today’s business environments.