Profitable business assignment
Budget: €30 – €250 EUR
Answer the questions below by
1. Complete the budgeting assignment using Excel
2a) What are the four major aspects of budgets
2b) You are the coach of the football team in your town. You have set a goal for next year that your team will make 50 goals. Comment this target and use the four major aspects of budgets (previous answer) to set the stages and help you to plan the performance of your team next season.
3. Three behavioural practices associated with budgeting are spending the budget, padding the budget and creative budgeting. Explain these practices briefly.
a) Spending to budget
b) Padding the budget
c) Creative budgeting
4a) Metropolia University purchased laptops for Business Management students who are taking the Profitable Business 2 course. Explain with a suitable example how depreciation is charged under the Accelerated depreciation method.
4b) Metropolia University purchased laptops on January 1, 2021 for Business IT students. Total cost of the laptops was 15 000 €. Rate of depreciation is charged @10% per annum under accelerated depreciation method. The University closes its accounts on 31st December each year. Calculate the depreciation amount for the years 2021 and 2022. Show your calculations.
5. write a 1-2 page report, topic: Accounting software
1. Complete the budgeting assignment using Excel
2a) What are the four major aspects of budgets
2b) You are the coach of the football team in your town. You have set a goal for next year that your team will make 50 goals. Comment this target and use the four major aspects of budgets (previous answer) to set the stages and help you to plan the performance of your team next season.
3. Three behavioural practices associated with budgeting are spending the budget, padding the budget and creative budgeting. Explain these practices briefly.
a) Spending to budget
b) Padding the budget
c) Creative budgeting
4a) Metropolia University purchased laptops for Business Management students who are taking the Profitable Business 2 course. Explain with a suitable example how depreciation is charged under the Accelerated depreciation method.
4b) Metropolia University purchased laptops on January 1, 2021 for Business IT students. Total cost of the laptops was 15 000 €. Rate of depreciation is charged @10% per annum under accelerated depreciation method. The University closes its accounts on 31st December each year. Calculate the depreciation amount for the years 2021 and 2022. Show your calculations.
5. write a 1-2 page report, topic: Accounting software