Manage Australian finances within a budget

Comprehensive Financial Strategy

Project 3
STUDENT NAME: MARK ANGELO V. TORIO
BATCH: 2023-2024
TEACHER: MR. JOHN MATHEW MALABAYABAS

eVersity
 WRITTEN REPORT TEMPLATE

1. Financial Strategy:

Section Description Input

Executive Summary a concise synopsis of the The present financial strategy report delineates a thorough approach to tackle the
whole financial plan. This existing financial circumstances of our establishment and to attain particular
financial strategy report financial goals. In order to implement the strategy, a thorough financial forecast, a
lays forth a plan for allocating cash, and the creation of success measures must be developed. It
comprehensive plan for also offers suggestions for any adjustments that should be made and outlines a
managing the existing procedure for routine financial reporting.
financial situation of our
company and achieving
certain financial
objectives.
An explanation of the
Introduction Our company is currently having financial difficulties as a result of rising expenses,
financial status at this time. erratic earnings, and unstable economic conditions. Creating a solid financial plan is
Due to increasing costs and essential to maintaining our financial stability and promoting long-term progress.
erratic revenue, our company
is currently having financial
problems.
Objective An overview of the
Mitigate financial risks and uncertainties.
financial strategy's
objectives and Ensure the efficient allocation of resources.
implications for the
company. Enhance revenue generation.
Improve cost management.
Strengthen our financial position.

720883327.DOCX
© EVERSITY RESOURCES
PAGE 1
 Methods Explanation of how the The financial strategy was developed through a comprehensive process, which
financial strategy was included the following steps:
developed, including Financial Forecast
forecasting, budgeting, Budget Plan
evaluation, and reporting Evaluation Metrics
methods Reporting Protocol
Financial Forecast A detailed forecast of
We conducted a thorough analysis of historical financial data and market trends to
expected income and
expenditures
create a detailed financial forecast for the next five years. This forecast serves as the

foundation for our strategy.

Budget Plan How funds will be

Based on the financial forecast, we have developed a budget plan that outlines how
allocated based on the
forecast
funds will be allocated across different departments and projects. This budget is

designed to align with our objectives and priorities.

Evaluation Metrics Metrics used to measure

We have identified key performance indicators (KPIs) and financial metrics to assess
the success of the
financial strategy
the success of the strategy. These metrics include return on investment (ROI), cash

flow ratios, and cost-to-revenue ratios.

Reporting Protocol Protocol for regular

We have established a reporting protocol that includes regular financial reporting
financial reporting

intervals (monthly, quarterly, and annually) and defines the responsible parties for

generating and reviewing financial reports.

720883327.DOCX
© EVERSITY RESOURCES
PAGE 2
 Recommendations Recommendations:
Implement a cost-saving initiative to reduce operational expenses while maintaining
Suggested changes and
justifications for them
quality.

Diversify revenue sources to decrease reliance on a single income stream.

Explore opportunities for strategic partnerships or mergers to increase market share

and competitiveness.

Continuously monitor and adjust the strategy in response to changing market

conditions.

Conclusion Summary of the strategy's

The implementation of this financial strategy is expected to result in enhanced
expected impact

financial stability, improved resource allocation, and sustainable growth. By closely

monitoring performance metrics and adapting to changing circumstances, we can

ensure that the strategy remains effective in achieving our objectives.

References: Any sources or data https://edu.eversityonlinecampus.com/

referenced in the report.
https://corporatefinanceinstitute.com/

720883327.DOCX
© EVERSITY RESOURCES
PAGE 3
 This template was provided by eVersity for the purpose of this project. All entries and content are the responsibility of the student.

COMPREHENSIVE FINANCIAL STRATEGY TEMPLATE

2. Financial Forecast Table:

Description/Category Previous Year ($) Current Year ($) Next Year Forecast ($)

Sales Revenue $1,200,000 $1,350,000 $1,300,000

Investment Income $20,000 $25,000 $23,000

Other Income $5,000 $6,000 $5,500

Salaries & Wages $250,000 $255,000 $245,000

Utilities $50,000 $52,000 $48,000

Marketing $30,000 $32,000 $36,000

Rent & Leases $120,000 $118,000 $115,000

Maintenance $40,000 $42,000 $45,000

Supplies $20,000 $22,000 $18,000

Other Expenses $25,000 $28,000 $26,000

720883327.DOCX
© EVERSITY RESOURCES
PAGE 4
 Total $1,760,000 $1,960,000 $2,061,500

This template was provided by eVersity for the purpose of this project. All entries and content are the responsibility of the student.

COMPREHENSIVE FINANCIAL STRATEGY TEMPLATE

3. Budget Plan Table:

Description/Category Last Year Actual ($) Current Year Forecast ($) Budget Allocation ($) Rationale for Allocation

$1,200,000 $1,350,000 $150,000 Historically stable and

reliable source of
Sales Revenue income

$20,000 $25,000 $5,000 Expected growth in

ancillary revenue
Investment Income streams

$5,000 $6,000 $1,000 Incremental staff hiring

Other Income and merit-based raises

$250,000 $255,000 $5,000 Anticipated increase in

Salaries & Wages utility rates

$50,000 $52,000 $2,000 Expanded advertising

and promotional
Utilities campaigns

Marketing $30,000 $32,000 $2,000 Lease agreements and

720883327.DOCX
© EVERSITY RESOURCES
PAGE 5
 market rates

$120,000 $118,000 $-2,000 Ongoing facility

maintenance and
Rent & Leases repairs

$40,000 $42,000 $2,000 Adjusted for cost

inflation and usage
Maintenance projections

$20,000 $22,000 $2,000 General operating

Supplies expenses

$25,000 $28,000 $3,000 Total budget allocation

must equal forecasted
Other Expenses expenses

$1,760,000 $1,960,000 $170,000 Historically stable and

reliable source of
Total income

This template was provided by eVersity for the purpose of this project. All entries and content are the responsibility of the student.

Instructions:

COMPREHENSIVE FINANCIAL STRATEGY TEMPLATE

4. Evaluation Metrics Table:

Metric Description Measurement Tool Target Value Actual Value Variance

Sales Growth Rate Annual 10% 12% 2%

720883327.DOCX
© EVERSITY RESOURCES
PAGE 6
 Expense Reduction % Quarterly 5% 6% 1%

Profit Margin % Monthly 20% 18% -2%

ROI on Marketing Annual 15% 18% 3%

Employee Productivity Monthly 90% 92% 2%

This template was provided by eVersity for the purpose of this project. All entries and content are the responsibility of the student.

COMPREHENSIVE FINANCIAL STRATEGY TEMPLATE

5. Reporting Protocol Checklist:

Reporting Task Frequency Person Responsible Date Completed

Mark Angelo V. Torio 11/28/2023

Sales and Revenue Report Monthly (Financial Analyst)

720883327.DOCX
© EVERSITY RESOURCES
PAGE 7
 Mark Angelo V. Torio 11/30/2023
Expense Report Quarterly (Financial Analyst)

Mark Angelo V. Torio 12/1/2023

Profit and Loss Statement Yearly (Financial Analyst)

Mark Angelo V. Torio 12/3/2023

Budget vs. Actual Analysis Monthly (Financial Analyst)

Mark Angelo V. Torio 12/6/2023

Financial Forecast Update Quarterly (Financial Analyst)

This template was provided by eVersity for the purpose of this project. All entries and content are the responsibility of the student.

720883327.DOCX
© EVERSITY RESOURCES
PAGE 8