ELEC3030 Professional Studies Assignment 4: Financial Planning Good financial planning and ongoing accountancy is crucial to the success of your business! To appreciate the background and context for this workshop, you

should review the powerpoint presentation on accounting. TASK Your group will be allocated a case study of an electronic/engineering company in its early stage of business. The details of your case study will be sent to your group separately. Working as a team, based on the case study provided, create a detailed profit and loss spreadsheet for a 5 year accounting period showing the income and expenditure for your company. Later in the term, your group will also be informed of a "disruptive business event. You should factor the impact of this event, and your company's response to it, into your profit and loss spreadsheet. Show initiative in finding reliable, evidence-based sources of information on costs and revenue, and make appropriate assumptions and estimates with brief justifications - wherever data is not available. Use your spreadsheet to judge how much turnover the business needs to achieve in order to make a reasonable operating profit. CRITERIA Profit and Loss Spreadsheet Marks will be awarded both for level of detail and use of realistic figures. Think carefully about all the running costs associated with the business.