BSBFIM501 Manage budgets and financial plans - Assessment 1 task A

Task A

The Sales General Manager, Sam Gellar, has asked you to review the master budget and cost centre budgets prepared by the Senior Accountant. She would like you to meet with her to discuss the whether the budget projections are achievable, accurate, understandable and fair.
She would like you to look closely at the budget for your cost centre, note any changes you think are necessary, develop an argument for the changes and negotiate those changes with her. This is setting up a meeting with the trainer to discuss the issues that have arisen from the case. Information you are aware of includes:
• Sales in the first quarter (Q1), third quarter (Q3), and the fourth quarter (24) are generally 30% less than the second quarter (Q2).
Sales in Q2 depend on completion of 90% of repair and maintenance.
• Sales for Q2 have been estimated to be $1,000,000.
• Commission negotiated with members of the sales team is now at 2.5%.