Assignment Task
Assume, you are planning to start up a business of your choice. Please prepare a 5 year business plan with following headings

Executive Summary

Business Environment

Vision, Mission and goals
Products and services
Business, organisation and finance structures
Strength, Weaknesses, Opportunities and Threat (SWOT)analysis
Premises, plant and equipment
Information systems and telecommunications
Intellectual property, licences and memberships Insurances

Goals, milestones, strategies

Goals and milestones
Marketing
Sales
Customer management and retention
Pricing
Suitable business strategy

Business competition

The industry
Target market
Market competition
Influence of Five forces

Financial forecasts
Set-up costs
Profit and loss forecast
Cash flow forecast
Balance sheet forecast
Break-even analysis

You should aim to include a minimum of 6 references (more is better), of which some should be peer-reviewed academic journals. However, this is a short assignment, with a real-world focus, so extensive referencing is not required.

The following guidelines are to assist you with presentation and layout:
– Cover page should include name, student number, unit number, unit name, assessment number, assessment name, and date
– Use Arial, Calibri, or Tahoma, 12 pt font
– Double spacing
– Double justification of text
– Headers and footers on all pages other than the cover page – headers and footers should contain your name and student number, the unit number and name, and a page number

Assessment – Reflexive research

Objectives

• Reflect on your own leadership journey to date and identify key events, people and experiences that have contributed to your leadership development and self-perceptions;

• Increase self-awareness by completing a personality or leadership styles assessment, for example Myers-Briggs Type Indicator (MBTI);

• Obtain feedback from a fellow student on your leadership journey and current challenges;

• Provide mentoring and feedback on leadership to a fellow student on his/her leadership journey and challenges;

• Identify the influences of national and organisational cultures on your perceptions of effective leadership;

• Develop and apply communication skills for relationship building and mentoring across cultures, functions and disciplines;

• Apply knowledge from the theories and models of effective leadership to interpret and understand your reflections and feedback.

Learning Outcomes:

• Increased self-awareness, including personality preferences, leadership style and impact on other people.

• Knowledge of the major theories and models of leadership and their role in explaining and developing effective leadership.

• Understanding of reflective practice as a means of research and personal growth.

• Greater understanding of the influence of cultural and social backgrounds on leadership effectiveness.

• Increased skills for mentoring and giving and receiving feedback.

How the assessment fits into the subject/course:

The focus on reflexive research methodologies and strategies is a core element of the MBA. This assessment provides you with opportunities to reflect on your own practice and to mentor another student to enhance self-awareness and to formulate personal development plans.

Assessment Linkages of Assessment 1 and Assessment 2:

Insights and understandings obtained in Assessment 1 will suggest themes that will be developed further in preparing a personal development plans in Assessment 2 of the assessment which is due at the end of the subject.

Instructions:

Each student will provide his or her partner(s) with information on their current organisation, role, key stakeholders and current leadership challenges, et cetera, as background for the mentoring and feedback activity. Partners will contact each other, explore each other's leadership journey and current challenges and provide mentoring and feedback to each other. Students should consider the influence of national and organisational cultures and social practices as part of the mentoring and feedback. Other parameters will be defined by the Learning Facilitator.

Output/Deliverable and parameters of the assessment:
Each student will submit a report consisting of 2000 words which describes the leadership journey, current strengths and areas for development, a summary of feedback provided by the partner and implications for future development. You should draw on the literature on leadership models and theories to help interpret and explain your current leadership. You should also discuss the implications of your cultural and social background on your leadership.

QUESTION 2

REQUIRED
(a) Prepare a fully classified income statement and cash flow statement for the year ending 30 June 2018 based on the information above. Fully state any assumptions you have made in preparing these financial reports.
(b) Upon completing the cash flow and income statement On Time management are confused in that the Income Statement is indicating they made a net loss (negative profit) over the same period whilst reporting a positive cash inflow from operations. With reference to the question and your work in answering (a) above explain to On Time management providing two possible reasons why this discrepancy could occur when comparing cash flow from operations (cash profit) with accrual accounting profit/ loss. For each cause identified high light the impact on profit versus cash flow to explain potential differences (80 word limit)
(c) Given the above differences discuss which statement (Income Statement or Cash Flow from Operations) better reflects the financial performance / wealth creation for the period ending 30 June 2016. (Justify your answer with reference to accrual accounting) (80 word limit)

Item

$

Interest paid for the   year

4,000

Dividends paid to   Shareholders

30,000

Profit on sale of truck

25,000

Cash at bank at July 1,   2017

1,000,000

Depreciation for the year

150,000

Payment for Motor vehicle   purchased on 28th April 2018

40,000

Loan repayments made

70,000

Tax expense / paid to the   Tax Office

78,000

Salaries Paid

250,000

Cash received from the   sale of a truck

90,000

Delivery Income – Cash   Receipts for year ending 30 June 2018

650,000

Dividend received from   investment

200,000

Cash for Shares in   companies listed on the ASX (Australia Security Exchange)

50,000

Cash received from   accounts receivable customers

300,000

Bad Debts expense

10,000

Other cash operating   expenses

77,000

Credit purchases of fuel   for the year ending 30 June 2018

480,000

Fuel Stock – petrol   1/7/2017

400,000

Fuel Stock – petrol   30/6/2018

150,000

Payments to suppliers for   prior purchases on credit

200,000

Delivery Income  -   On Credit to account customers for the year ending 30 June 2018

150,000

Money borrowed from Net   Bank

50,000

Purchase of property and   land for cash

700,000

On Time Ltd is a parcel delivery business. Detailed below is selected information for the financial year ending 30 June 2018.

Enterprise Resource Planning

Assignment

The assignment requires students to vary the setup of their Dynamics AX application to meet different business reporting and process requirements to those established in the laboratory exercises.

Learning outcome/s and Graduate Attributes

Completing this assignment will help you achieve the following learning outcome/s and ECU Graduate Attributes: Apply the navigation and systems operation features of Microsoft Dynamics AX as an example of enterprise software

– Model the business components and major modules in ERP applications to business processes.
– Appraise how enterprise software is used in organisations.
– Explain the finance functions of general ledger, purchase ledger, sales ledger and how they integrate.

Assignment instructions

For this assignment you are required to establish the following in Dynamics AX:

Assignment instructions
For this assignment you are required to:

Post to the following General Ledger Accounts.

14000

Sales printers

24000

COGS Printers

63180

Inventory Printers

64300

Accounts receivable Euro

73300

Supplier Assignment 1

– Create a new Australian supplier called Assignment1 and link the supplier to the Australian vendor group.

– Establish a Euro currency with a conversion factor of .68 Euros to an Australian dollar.

– Create a new customer called Assignment1 as an organisation based in France and link to a new customer group called French and the currency called Euro.

– Create a new item of Printer and establish the purchase price at $220 and sales price at $400

– Purchase printers from supplier Assignment1.

– When the printers are purchased the GL Inventory Printers account should be debited and the GL Supplier Assignment 1 account credited.

– When a printer is sold to Assignment1 the Accounts Receivables Euro account should be debited, the inventory printers credited, COGS Printers debited and sales printers credited.

– Process at least one purchase and sales order.

Assignment 2

The assignment requires students to vary the setup of their Dynamics AX application to meet different business reporting and process requirements to those established in the laboratory exercises.

– Construct an MRP, just in time and MRPII schedule.
– Distinguish how ERP applications support logistics planning.

Preparation

Before starting this assignment, you should have finished all labs

Assignment instructions

For this assignment you are required to establish the following in Dynamics AX:

Materials Requirement Planning

Create the following BOM for laptop.V.1024.19

Laptop Keyboard

Laptop Case

Laptop Battery LED2
Processor2

Ribbon Cable

RAMGB2

The BOM has a quantity of 1 of each item.

Please set up the system to represent the following:

– The Laptop case stock should be maintained with a minimum stock level of 300 and a maximum stock level of 500.
– The batteries should be purchase forecast at 200 a week for 3 months.
– Processor2 should be purchase forecast over 3 months for a quantity of 2000 with a breakdown of weeks from 1 – 13 with the following percentages: 7%, 6%, 6%, 7%, 8%, 8%, 8%, 9%, 8%, 9%, 9%, 8%
,7%.
– The laptop should have a sales forecast of 100 per fortnight for 2 months.
– The planned supplier orders for the RAM16GB should be grouped into four weekly intervals.
You can identify your own purchase and sales prices.
Your system at the time of assessment should be set so that when an order of 50 laptops is taken the Forecast Schedule and the Master Production Schedule will create a requirement of 50 plus the correct output for the above.

Materials Resource Planning

The Laptop should have the following production route.

Operation

Work Centre Group

Work centre

Qty per hour

Cost Per Hour

Components

Human

Component

14

As lab.

Plug

Human

Cable

10

As lab.

FitLap

Human

Final Fit

8

As lab.

InstallScreen (New)

Human

LaptopScreen (New)

20

140

TestLap

Human

Test

6

As lab.

PackLap

Human

Pack

14

As lab.

The LaptopScreen work centre works 8 hours a day Monday to Friday and does not operate Saturday and Sunday. A new calendar will need to be created and linked to the LaptopScreen Work Centre.

The production should be standard costed at $1200 with a variance posted to a GL account. The actually accounts that are posted to in the GL will not be marked – they do not have to be correct.

When the laptop is manufactured each finished product should be given a unique serial number from a number group of Lap.