GROUP ASSIGNMENT 2

SUBJECT:

ACCOUNTING FOR MANAGER (FIN6063)

By:

Vasondakamare (SCM 009344) Wong Thim Lai (SCM 019422) Jimmy Tai Wai Hoong (SCM 018403) Selvarajah (SCM 007820)

FINANCIAL BUDGETING REPORT 2012 FOR ABC SDN.BHD.

EXECUTIVE SUMMARY ABC Sdn Bhd was incorporated in 2011 as professionals in cleaning services specializing in commercial industry. We are proud to be ISO 14000 certified in the same year 2011. Eventhough we e are new player in the industry, our company has always been a professional provider of high quality commercial cleaning services in the markets where we compete. Our corporate vision is to achieve excellence in adhering to our primary objectives of highest customer satisfaction and quality service performance. Our corporate mission is to be a leader in the commercial cleaning services market. Our corporate commitment to our vision, mission and principals are demonstrated through our hands-on involvement in the daily management and operations of our company.

Our services include general cleaning, tile refinishing, carpet cleaning, construction cleaning as well as customize service as per our clients requirement. Our clients range from healthcare, retail, manufacturing, government and small and medium offices. Our revenue for the year ended 2011 was RM175,000.

The purpose of the report is to request funding to our potential investors. We have included our budgeted statement of financial performance (P&L), balance sheet and cash budget for 12 months for the year 2012 for the analysis. This financial component of ABC Sdn Bhds Business plan is essential for its long term vision. This report will demonstrate how ABC Sdn Bhd plans to invest to yield more returns and to uphold a better financial position.

TABLE OF CONTENTS

Executive Summary Table of Contents 1.0 Company Background 2.0 The Objectives 3.0 The Marketing Analysis 4.0 Financial Budgeting 2012 4.1 Statement of Financial Performance 4.2 Statement of Financial Position 4.3 Forecasted Cash Budget 5.0 Ratio Analysis 5.1Quick Ratio 5.2 Current Ratio 5.3 Profitability Indicator Ratio 6.0 Conclusion 7.0 References

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