MANAGEMENT

ACCOUNTING

CHEVRIER Aubin – EL HAJJI Lyna - GROELL Valentin

LAVERGNE Lorane - NAUROY Caroline
LEPIERRE Laëtitia - LE QUENVEN Ethel
 TIMETABLE
• Our company
• Our two products
• Master budget
• Balance Sheet
• Income Statement
• Break Evenpoint
• Operating Income
OUR COMPANY
OUR 2 PRODUCTS
MASTER BUDGET
 MASTER BUDGET
Sales Budget
Bunnies sales Ski Goggles sales
450000

400000

350000

300000

250000

200000

150000

100000

50000

0
Master Budget
Cash collections from customers
 Master Budget
Purchases and cost of goods sold budget

January February March April May June July August September October November December

COGS Beanies 213564 157937 62621 52845 48958 50628,5 49172,5 56959,5 68815,5 153185,5 180804 204509,5

COGS Ski Goggles 114996 85043 33719 28455 26362 27261,5 26477,5 30670,5 37054,5 82484,5 97356 110120,5

Total COGS 328560 242980 96340 81300 75320 77890 75650 87630 105870 235670 278160 314630

Target closing
72894 28902 24390 22596 23367 22695 26289 31761 70701 83448 94389 0
inventory

Opening inventory 0 72894 28902 24390 22596 23367 22695 26289 31761 70701 83448 94389

Purchasing
401454 198988 91828 79506 76091 77218 79244 93102 144810 248417 289101 220241
Budget
 Master Budget
Cash disbursements for purchases

Jan Feb March April May June July Aug Sept Oct Nov Dec

Purchases of this
240872,4 119392,8 55096,8 47703,6 45654,6 46330,8 47546,4 55861,2 86886 149050,2 173460,6 132144,6
month 60%

Purchases of last
160581,6 79595,2 36731,2 31802,4 30436,4 30887,2 31697,6 37240,8 57924 99366,8 115640,4
month 40%

Total purchases 240872,4 279974,4 134692 84434,8 77457 76767,2 78433,6 87558,8 124126,8 206974,2 272827,4 247785
 Master Budget
Operating expenses budget

Jan Feb March April May June July August Sept Oct Nov Dec

Salaries ( 12% of
78854,4 58315,2 23121,6 19512 18076,8 18693,6 18156 21031,2 25408,8 56560,8 66758,4 75511,2
sales)

Internet and
60 60 60 60 60 60 60 60 60 60 60 60
phone

Electricity 5000 5000 5000 5000 5000 5000 5000 5000 5000 5000 5000 5000

Rent 3000 3000 3000 3000 3000 3000 3000 3000 3000 3000 3000 3000

Cleaning 800 800 800 800 800 800 800 800 800 800 800 800

Fixed expenses 8860 8860 8860 8860 8860 8860 8860 8860 8860 8860 8860 8860

Depreciation 5416,67 5416,67 5416,67 5416,67 5416,67 5416,67 5416,67 5416,67 5416,67 5416,67 5416,67 5416,67

Total operating
93131,07 72591,87 37398,27 33788,67 32353,47 32970,27 32432,67 35307,87 39685,47 70837,47 81035,07 89787,87
expenses
 Master Budget
Disbursements For Operating Expenses

January February March April May June July August September October November December

78854,
Salaries 58315,2 23121,6 19512 18076,8 18693,6 18156 21031,2 25408,8 56560,8 66758,4 75511,2
4

Fixed
8860 8860 8860 8860 8860 8860 8860 8860 8860 8860 8860 8860
expenses

Total 87714,
67175,2 31981,6 28372 26936,8 27553,6 27016 29891,2 34268,8 65420,8 75618,4 84371,2
disbursements 4
 Master Budget
Budgeted income statement

January February March April May June July August September October November December

Gross profit 328560 242980 96340 81300 75320 77890 75650 87630 105870 235670 278160 314630

Operating
235428,93 170388,13 58941,73 47511,33 42966,53 44919,73 43217,33 52322,13 66184,53 164832,53 197124,93 224842,13
profit

Net income 235428,93 170388,13 58941,73 47511,33 42966,53 44919,73 43217,33 52322,13 66184,53 164832,53 197124,93 224842,13
 Master Budget
Cash Budget

Cash Budget January February March April May June July August September October November December

Beginning cash
66000 36685,2 148247,6 279682 370835,2 424873,4 475472,6 507601 536275 542631,4 564088,4 632010,6
balance

Cash receipts and disbursements:

Collections from
394272 488712 327108 203960 158432 154920 152578 166124 194752 363852 496368 591586
customers
Payments for
270872,4 309974,4 163692 84434,8 77457 76767,2 93433,6 107558,8 154126,8 276974,2 352827,4 337785
purchases
Payments for
87714,4 67175,2 31981,6 28372 26936,8 27553,6 27016 29891,2 34268,8 65420,8 75618,4 84371,2
operating expenses
Payments for new
equipment and 65000 0 0 0 0 0 0 0 0 0 0 0
fixtures
Net cash receipts and
-29314,8 111562,4 131434,4 91153,2 54038,2 50599,2 32128,4 28674 6356,4 21457 67922,2 169429,8
disbursements

Total cash available 36685,2 148247,6 279682 370835,2 424873,4 475472,6 507601 536275 542631,4 564088,4 632010,6 801440,4
 BALANCE SHEET
ASSETS LIABILITES
Non current assets Owner’s equity

Equipment and fixtures 325 000 Capital and 66 000

accumalated
earnings
Accumulated depreciation 65 000 Net income 1 348 679,96

Book value 260 000

Current assets Current liabilities

Merchandise inventory 94 389 Accounts 201 528,84
payable
Accounts receivable 461 004 Short term loan 0

Cash 801 440,4

Total assets = 1 616 833,40 Total owner’s = 1 616 208,80
equity and
liabilities
INCOME STATEMENT
LOSS PROFIT
Salaries 480 000 Sales 4 000 000
Other variables expenses (10% 400 000
of sales)
Internet and phone 720
Electricity 60 000
Rent 36 000
Cleaning 9 600
Fixed expenses 106 320
Depreciation 64 992
Total purchases 1 911 903,60
= 3 069 535,60 = 4 000 000 €

Profits 930 464,40 €

BREAK EVENPOINT
Unit sales prics 25€ 100%
- Unit variable cost 6,60€ 26,4%
= Unit contribution 18,40€ 73,6%
margin

Sales needed in units : 611 312 : 18,40 = 33 223

units

Sales needed in euros : 611 312 : 0,736 = 830

586,96€
OPERATING INCOME
Beanies Ski Goggles
(q=100) (q=200)
Sales 2 600 000 1 400 000
- Purchase 1 300 000 700 000
= Margin 1 300 000 700 000
- Electricity 40 000 20 000
- Cleaning 6 400 3 200
- Rent (300m2) 24 000 12 000
- Internet 480 240
- Drepreciation 43 333 21 667
- Salaries 320 000 160 000
= FC = 434 213 = 217 107
Operating income 865 787 482 893
THANK YOU FOR YOUR
ATTENTION