The purpose of this assignment is to complete a financial analysis to develop a proposed budget for a selected strategic initiative.
Understanding the role of financial management in strategic planning is essential in formulating a business plan for a strategic initiative. Financial analysis involves considering the factors that directly affect the initiative such as staffing, space, equipment, training and education, etc. Once this information is known, a budget can be proposed for the strategic initiative and included as part of the business plan.
For this assignment, complete a financial analysis of your selected organization by reviewing current company financial data such as income statements, budgets, net revenue, profit/loss statements, etc. Use that information and research about key budget items such as average salaries, cost of benefits, space and equipment costs, etc. to formulate a proposed budget for your strategic initiative.
In a 250-500 words, address the following in the form of an executive summary:
- Briefly describe the proposed strategic initiative including the proposed changes and expected outcomes based upon the results of the SWOT analysis.
- Provide a simple budget for the strategic initiative. Get custom essay samples and course-specific study resources via course hero homework for you service – Include all relevant budget categories such as staffing (including salaries and benefits), space, equipment, training and education, and any other expenses related to the initiative. Create a table to efficiently present the key budget information.
- Provide a financial data overview that summarizes what financial data you examined and a description of specific factors that informed each financial statement (net revenue, profit/loss, balance sheet, etc.).
- Get custom essay samples and course-specific study resources via course hero homework for you service – Include at least one of the financial statements available from the selected organization (income statement, budgets, net revenue, profit/loss statements, etc.) as a figure or an appendix.
While Ace homework tutors – APA style is not required for the body of this assignment, solid academic writing is expected, and documentation of sources should be presented using Ace homework tutors – APA formatting guidelines, which can be found in the Ace homework tutors – APA Style Guide, located in the Student Success Center.
This assignment uses a rubric. Review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
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