Simventure Assignment Abroad

Sim Venture Activity 1 Essay

Activity 1 - Consultancy Report


Cash Flow Crisis

Content


1. Executive summary


2. Accounting ratio


3. History of the previous six months


4. Action plan


5. Conclusion


7. Reference


8. Appendix

Executive summary


Turner Technics company is a self-owned company which has ran for 6 months business. The business on


computer as the service companies. The company doing well and have a healthy profit in recently, the


business is apparently expanding. However, it started to have operation problem, the money on hands


going to tight which affected the purchasing and limited the expansion of company.


Turner Technics Company has now assigned us to analyzed their business operation problems, provide a


proposal to put forward comments and to rescue the company from running into collapse.


On reviewing the Profit & Loss Statement, Cash Flow Report and the Balance Sheet, we figured out that


the reasons of problem are plenty of unexpected expenses, low profitability of product and bad debt,


which forced the company in a cash-flow crisis.


For the sake of preventing further problems incurred and improve the cash flow situation, we


recommended the company should reduced the expenses, improve the credit control and staff training, as


well as raise fund and capital, also rearrange the sales and marketing strategy.

Accounting ratio


To identify the problem of the company, we used the data from the Profit and lost report and the cash


flow report on June to analyzing the financial situation with details listed as below : -


1. Gross Margin %


Gross margin is used to review the difference between the production costs and


sales revenues. The higher gross margin the better profit.


Gross margin of company is 27.94%


This ratio identified the company was in a LOW profit margin which rendered


the company get a lower profit and it should cut down the costs and increase the


selling prices to gain a higher gross margin.


2. Operating Profit %


This ratio indicated the profit ratio before interest tax. The higher ratio the


better profit.


Operating profit of company is 1.82%


Such LOW operating profit identified the efficiency of cost control was very poor


and should improve it.


3. Return On Investment ( ROI ) %


This ratio used to measure the income compared with the investment of


company. The higher ratio the better investment income.


Return On Investment of company is 0.95%


This ratio which lower than 1% indicated that the company was in a poor capital


management situation.


4.

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In recent years corporate governance has experienced a considerable growth in popularity and recognition. Good corporate governance is a crucial part of corporate performance and accountability particularly during periods of economic downturn.

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Those who hold a UK law degree or equivalent will undertake the following compulsory units:

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Corporate Secretarial Practice and Strategy
Financial Reporting, Analysis and Decision-making
Dissertation

Optional units include:

CILEX Level 6 (this unit is only available to those who hold a qualifying law degree)
Community Legal Research Project
Employment Law (this unit is compulsory if you have not studied Employment Law at undergraduate level)
Global Corporate Responsibility
Intellectual Property Law
International and European Business Law
International Commercial Arbitration
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Non-Law Route

Those who do not hold a UK law degree or equivalent will be enrolled on the non-law route and will undertake the following units:

Corporate Governance: Theory, Law and Practice
Corporate Secretarial Practice and Strategy
Financial Reporting, Analysis and Decision-making
Legal Approach to Business
Dissertation or Corporate Secretarial Case Study

Please note that those who undertake the non-law route will not be able to choose an optional unit.

The part-time mode of this course lasts three years:

Law Route

Those who hold a UK law degree or equivalent will undertake the following units:

Year One

You will undertake the following compulsory unit:

Corporate Governance: Theory, Law and Practice

Optional units include:

CILEX Level 6 (this unit is only available to those who hold a qualifying law degree)
Community Legal Research Project
Employment Law (this unit is compulsory if you have not studied Employment Law at undergraduate level)
Global Corporate Responsibility
Intellectual Property Law
International and European Business Law
International Commercial Arbitration
Work-based Learning Unit

Year Two

You will undertake the following compulsory units:

Corporate Secretarial Practice and Strategy
Financial Reporting, Analysis and Decision-making

Year Three

In the final year, you will complete and submit your dissertation.

Non-Law Route

Those who do not hold a UK law degree or equivalent will be enrolled on the non-law route and will undertake the following units:

Year One

You will undertake the following compulsory units:

Corporate Governance: Theory, Law and Practice
Legal Approach to Business

Year Two

You will undertake the following compulsory units:

Corporate Secretarial Practice and Strategy
Financial Reporting, Analysis and Decision-making

Year Three

In the final year, students will complete and submit their dissertation.

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