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Bạn đang học MBA nước ngoài, đang vất vả hoàn thiện final môn Lập ngân sách tài chính bằng tiếng anh, đang không biết viết như thế nào để hoàn thành một trong những môn khó nhất về tài chính, mà lại viết bằng tiếng anh nữa chứ. Và đương nhiên cũng muốn điểm A. Kèm theo đây là bài final môn ACCOUNTING FOR DECISION MAKING lên kế hoạch tài chính ngân sách cho năm tới của một công ty đạt điểm A của tôi. Chúc quý vị nhanh hoàn thành chương trình học một cách tuyệt vời.
COURSE TITLE: ACCOUNTING FOR DECISION MAKING Students: ID: Lecturer: UBIS INTAKE COURSE CODE: ACC 601 COURSE CODE: MGT 601 OCTOBER 201… 1|P a g e Budget plan 2017 of XIAOMI Co., Submitted by: … Viet Nam October , 201… 2|Pa g e Contents Introduce of the company As a large company, headquartered in China, XIAOMI is planning reached out across the world In particular, Viet Nam is the perfect choice for this strategy Vietnam has political 3|P a g e regimes and cultural similarities, have large numbers of employees in the industrial park In addition, the geographical location is also convenient for the choice to open branches in Vietnam The company in Vietnam with its own legal, called Xiaomi Vina, business specializing in cheap fridge The project established Xiaomi VN will have time 65 months, include: preparation of legal procedures, preparation of systems, personnel, resources the time taken is months and operating activities within years The target market segment of Xiaomi VN has been competitive intense by the formidable opponents as Dien May Cho Lon, Dien May Xanh, Nguyen Kim electronics The opponents are very strong, have perennial business, brand, and are present at most key locations nationwide Vision: Xioami VN are direct competitors in terms of refrigerators with Nguyen Kim in 2019 Mission: Product supply fridge with affordable prices for society Target products: fride with priced at about -8 million VND Payment method: at sight Market segmentation: HCMC, especially is industrial parks Budget plan 2017 of Xioami ASSUMPTIONS Scope of business: selling Fridge Incremented sales per quarter : Based on a research 2016 at target customer in HCMC, with sample is 1.200 people Total sale 2017 (spread evenly sales 2000 units/year volume in fiscal year) 500 unit/quarterly - increment in 2018 -2021 25% of previous period sales Inventory 30 # 150 million VND Investment capital: 2,000,000,000 VND Creditor days: days (100% of the materials purchased is 4|Pa g e paid at sight) Debtor day: Rental fee: 180 days 25,000,000 Monthly, rental fee increased by 10% in 2018 Depreciation method: Straight-line Sales volume pay at sight Operating time period The Price Price growth rate COGS VAT Corporate income tax The cost of fixed assets and working tools Investment capital Deposit interest payment in bank Dividends paid in Q1 next year The costs have full VAT invoice 100% 130% 8% 5,000,000 10% 20% Current Assets Cash and cash equivalents Cash at bank Cash equivalent Short-term receivables Inventories Direct materials Finished goods Other short-term assets Start up expenses prepaid B Fixed assets payment in Q1 next year 204,000,000 VND 2,000,000,000 0% per year START UP BALANCE SHEET Assets A year COGS year See Sheet COGS Original Cost 5|P a g e Accumulated depriciation TOTAL ASSETS Resources A Liabilities I Current Liabilities Suppliers Borrowing Income tax II Bank payable (long- term) B Equity I Owners' equity Chartered capital Retained earnings II Other funds TOTAL RESOURCES FUNDING CAPITAL Unit: VND Capital and Liabilities Beginning - Owner's equity 2,000,000,000 - Long-term loan Total Q1 - 2017 Q2 - 2017 Q3 - 2017 Q4 - 2017 - 2,000,000,000 - 6|P a g e - - - COST OF GOODS SOLD Fridge COGS per Fridge (without VAT) Ingredients The Fridge Unit unit Unit: VND Cost 5,000,000 Total 5,000,000 COGS per product 5,000,000 EMPLOYMENT COST Position Quantity Manager Accountant and purchasing Sale and cashier Security and dilivery Cleaner Total SELLING AND ADMINISTRATIO N EXPENSES 7|P a g e Rental and other cost Item Rental cost Start-up Expenses Electric, water … cost Note: Rental expenses shall be increased by 10% in 2018 (Assumption 8) Quarterly promotion and advertising expense Expenses Web design Web maintenance Promotion expenses Total These planning board Schedule 1: Sales for year ended 31 December 2017 Item Quarter Quarter Quarter Quarter Q1 - 2018 Total year 2017 Sales volume 500 500 500 500 Price pay at sight 6,500,000 6,500,000 6,500,000 6,500,000 3,250,000,000 3,250,000,000 3,250,000,00 3,250,000,000 13,000,000,000 3,250,000,000 3,250,000,000 3,250,000,00 3,250,000,000 13,000,000,000 Total sales (VND) Cash flow from sales 2,000 Schedule 2: COGS for year 2017 Quarter Quarter Quarter Quarter 5,000,000 5,000,000 5,000,000 5,000,000 530 500 500 500 2,650,000,000 2,500,000,000 2,500,000,000 2,500,000,000 8|P a g e Q1 - 2018 Total year 2017 2,030 10,150,000,000 2,650,000,000 2,500,000,000 Items Quarter Labour cost (6 employees) Total labour cost Cash disbursements for labor Depreciation Total depreciation Quarter 10,150,000,000 Quarter Quarter To tal year 2017 Q1 2018 195,000,000 195,000,000 195,000,000 195,000,000 780, 000, 000 195,000,000 195,000,000 195,000,000 195,000,000 780, 000, 000 195,000,000 195,000,000 195,000,000 195,000,000 780, 000, 000 Depreciaiton expenses for year 2017 Quarter Quarter Quarter Quarter Q1 2018 Total year 2017 10,200,000 10,200,00 10,200,000 10,200,00 40,800,00 10,200,000 10,200,00 10,200,000 10,200,00 40,800,00 Schedule 5: Selling and administrative expenses for year 2017 Quarter Rental and other cost Quarterly promotion and advertising expense Depreciation expense 2,500,000,000 Cost of labour for year 2017 Schedule 3: Schedule 4: 2,500,000,000 Quarter Quarter Quarter Q1 2018 Total year 2017 84,000,000 84,000,000 84,000,000 84,000,000 336,000,000 170,000,000 170,000,000 170,000,000 170,000,000 680,000,000 10,200,000 10,200,000 10,200,000 10,200,000 40,800,000 Total labour cost 9|P a g e Cash disbursements for selling & administrative expenses Schedule 6: COGS Selling and administration expenses Total cash payments Schedule 7: 195,000,000 195,000,000 195,000,000 195,000,000 449,000,000 449,000,000 449,000,000 449,000,000 1,796,000,000 Q1 - 2018 Quarter Quarter Quarter Quarter 2,650,000,000 2,500,000,000 2,500,000,000 2,500,000,000 10,150,000,000 449,000,000 449,000,000 449,000,000 449,000,000 1,796,000,000 3,099,000,000 2,949,000,000 2,949,000,000 Total year 2017 2,949,000,000 11,946,000,000 VAT for year 2017 Quarter Quarter Quarter Item VAT Revenue 325,000,000 VAT COGS VAT Selling and administration expenses 325,000,000 325,000,000 250,000,000 250,000,000 250,000,000 45,920,000 45,920,000 45,920,000 45,920,000 14,080,000 Funding schedule 325,000,000 265,000,000 29,080,000 29,080,000 Schedule 8: Schedule 9: 780,000,000 Cash payments for year 2017 Quarter Net cashflow VAT - Company not borrow Cash flows for year 2017 10 | P a g e 29,080,000 Q 1201 Total year 2017 1,300,000,00 0 1,015,000,00 183,680,000 101,320,000 Quarter Quarter Q 1201 Total year 2017 Quarter Quarter 1,621,000,000 1,786,080,00 2,116,160,000 2,446,240,00 1,621,000,00 3,250,000,000 3,250,000,00 3,250,000,000 3,250,000,00 13,000,000,0 00 Operations: Beginning cash balance: Add: cash collections from sales Net cashflow VAT Total cash available Less : Cash payments Total cash from operations 14,080,000 29,080,000 29,080,000 101,320,000 4,885,080,000 5,065,160,00 5,395,240,000 5,725,320,00 14,722,320,0 00 3,099,000,000 2,949,000,00 2,949,000,000 2,949,000,00 11,946,000,0 00 2,116,160,000 2,446,240,000 2,776,320,00 2,776,320,00 0 1,786,080,000 29,080,000 Investments: Land & offices 0 0 Total cash from investments 0 0 Dividends paid in cash 0 0 Repayment long termdebt 0 0 0 0 0 Financing: Borrowing at the beginnings of 11 | P a g e quarters Repayment at the ends of quarters 0 0 Interest 0 0 Total cash from financing: 0 0 2,116,160,000 2,446,240,000 2,776,320,00 2,776,320,00 Ending cash balance 1,786,080,000 After we have these information above, we will built balance sheet, P&L and Cashflow of end year 2017 XIAOMI VN Co., Income statement for year 2017 1/1/201 31/12/2017 13,000,000,0 Sales revenue 00 Cost of goods 10,150,000,0 sold 00 Gross 2,850,000,0 margin 00 Selling and administratio 1,836,800,0 n expenses 00 Operati 1,013,200,0 ng Income 00 Interest expense Income before tax Income tax Net Income 1,013,200,0 00 202,640,0 00 810,560,0 00 Q1 3,250,000,00 2,650,000,00 600,000,00 Q2 3,250,000,00 2,500,000,00 750,000,00 Q3 3,250,000,00 2,500,000,00 750,000,00 Q4 3,250,000, 000 2,500,000, 000 750,000, 000 459,200,00 140,800,00 459,200,00 290,800,00 459,200,00 290,800,00 459,200, 000 290,800, 000 140,800,00 28,160,00 112,640,00 290,800,00 58,160,00 232,640,00 290,800,00 58,160,00 232,640,00 290,800, 000 58,160, 000 232,640, 000 12 | P a g e XIAOMI VN Co., 13 | P a g e Balance sheet at 31 December 2017 1/1/2017 31/12/2017 Assets: Cash Accounts receivable 1,621,000,000 - Inventory Goods 150,000,000 Other short-term assets 25,000,000 Total current Assets Plant, machinery, and equipments Original price Total Assets 73,680,000 - 1,796,000,000 2,850,000,0 00 204,000,000 163,200,000 204,000,000 204,000,000 Depreciation Total fixed asstes - 40,800,000 204,000,000 163,200,000 2,000,000,000 3,013,200,0 00 Liabilities and Shareholder's equity Liabilities: Accounts payable Suppliers Borrowing - Corporate income Tax - Shareholder's Equity: Capital Retained earnings 2,776,320,0 00 202,640,000 - 2,000,000,000 - Add: Net income Less: Dividends paid 14 | P a g e 2,000,000,0 00 810,560,000 Total Liabilities and Shareholder's equity 2,000,000,000 Check - Cash flows for year 2017 Operations: Beginning cash balance: Add: cash collections from sales Net cashflow VAT Total cash available Less : Cash payments Total cash from operations Investments: Land & offices Total cash from investments Financing: Dividends paid in cash Repayment long term- debt Borrowing at the beginnings of quarters Repayment at the ends of quarters Interest Total cash from financing: Ending cash balance 1,621,000,000 13,000,000,00 101,320,000 14,722,320,000 11,946,000,000 2,776,320,000 0 0 0 0 0 2,776,320,000 15 | P a g e 3,013,200,0 00 - CONCLUSION With budget planning as above, XIOAMI Co., will know the total expenses incurred, total revenue, gross profit for each month, quarter and year 2017 This is also the basis for the process of executive leadership team that will base themselves on decisions taken, adjust, control, push to accomplishing the plan outlined, In summary, the budget plan is a management tool professional, efficient, modern, a lot companies and countries around the world use 16 | P a g e [...]... 1,786,080,000 After we have these information above, we will built balance sheet, P&L and Cashflow of end year 2017 XIAOMI VN Co., Income statement for year 2017 1/1/201 31/12/2017 7 13,000,000,0 Sales revenue 00 Cost of goods 10,150,000,0 sold 00 Gross 2,850,000,0 margin 00 Selling and administratio 1,836,800,0 n expenses 00 Operati 1,013,200,0 ng Income 00 Interest expense Income before tax Income tax Net Income... 3,013,200,0 00 - CONCLUSION With budget planning as above, XIOAMI Co., will know the total expenses incurred, total revenue, gross profit for each month, quarter and year 2017 This is also the basis for the process of executive leadership team that will base themselves on decisions taken, adjust, control, push to accomplishing the plan outlined, In summary, the budget plan is a management tool professional,... earnings 2,776,320,0 00 202,640,000 - 2,000,000,000 - Add: Net income Less: Dividends paid 14 | P a g e 2,000,000,0 00 810,560,000 Total Liabilities and Shareholder's equity 2,000,000,000 Check - Cash flows for year 2017 Operations: Beginning cash balance: Add: cash collections from sales Net cashflow VAT Total cash available Less : Cash payments Total cash from operations Investments: Land & offices Total