Order Assignments Now Get Upto 50% Off “Let’s fight, Help and Win” UPTO 50% OFF due to COVID-19 break down Order Now

MOD003319 Business Finance Anglia Ruskin University


Finance is the main tool that can be used by the organisation for gaining sustainable development in an effective manner. Now, this can be rightly said that the business can not run without funding. Finance is the main source which is required by the organisation in order to run the business in an effective manner (Yunus, 2017). This report is based on the Townscape plc which is special deals in the furniture segment. This can be rightly said that the management of the cited organisation adopt various advanced budgetary systems via which business can run in an effective manner. Here are certain tools which can help out to gain the business in order to gain the business objectives in an effective manner (Introduction to business finance, 2018). Previously, the cited organisation was adopting traditional budgetary approach which would ultimately help out to gain sustainable development.

A+ Grades @Affordable Prices! We deliver all academic papers from dissertations & assignments to thesis, & case studies. 5000+ satisfied students, you could be next! Place Your Order Now! Order Now


1. Budget can be defined as written financial document which is prepared by the companies and organisations to make an estimate of expenses and income and comparing it with the actual results. A business budget includes managerial plans and policies for achieving the goals and objectives of the organisation (Abernathy, Beyer and Rapley, 2014). There are different types of budgets that are prepared in the organisations such as master budget, fixed budgets, flexible budgets, sales budget, production budget etc. There are various purposes for preparing business budgets: a) Budgeting helps in improving the managerial efficiency. b) It brings competitive strengths among employees. c) budgeting helps in controlling the cost. d) It helps in the reduction of cost. e) budgets set the standards for achieving the targets. f) budgeting also assists the companies in planning, controlling, coordination, performance evaluation etc.

Budgeting processes:

There are various budgeting processes that the company is required to follow in the preparation of budgets:

1.) Formulating business policies: Budgeting process requires the formulation of business policies such as:

Purchase Policy: Purchasing policy is the formal process of purchasing goods and services as required by the employees of the organisation.

Production policy: Production policy implies using the raw material which are most economical and of high quality and low cost. It implies the guidelines for the process of production such as quality, durability of the produced product (Buckland and Davis, 2016).

Inventory/ logistics policy: Inventory or logistics policy defines that how the inventory should be managed such as proper management of perishable products. Maintaining the amount of inventory and ensuring that too much working capital is not stuck in the inventories.

Sales policy: The sales policy of the company defines the amount of goods and services to be sold in a given amount of time such as quarterly sales, half yearly sales, annual sales.

Finance policy: finance policy of company defines the proper supervision, regulation and oversight of the financial and payments system. Finance policy of the company ensure that there is stability in the availability of finance, market efficiency etc.

2.) Drafting budget forecasts: Budgeting process requires drafting of budget forecasts:

Sales forecasts: Sales forecasting means estimating the future sales of the company. A sales forecast which are accurate helps the business in estimating the raw material required in production and various other factors which helps in the effective functioning of business.

Purchase forecasts: purchase forecasts helps the business in estimating the raw material requirement for the production of goods and services. Production forecasts helps in the proper production of goods by ensuring that there is ample of raw material is available and there is no shortage of the material.

Capital expenditure/ Investment forecasts: The capital expenditure forecasts ensure that the company have enough capital for carrying the activities of the business in an efficient manner and investment forecasts implies the forecast investment activities of the organisation (Siebels and zu Knyphausen‐Aufseß, 2012).

3.)Budgeting alternative available plans and choosing the best among them
4.)Coordinating the budgets of different departments.
5.)Getting the approval of master budget in the annual general meetings by shareholders or owners of the companies.

2. Budget is a financial or accounting plan for a period to estimate the cost of different expenditures that are to be incurred in the activities of business. A Cost budget is a financial plan to find out the amount of expenses that are to be incurred in the future period for which the budget is prepared.

Download Full Sample
Cite This Work To export references to this sample, select the desired referencing style below:
Copy to Clipboard
Copy to Clipboard
Copy to Clipboard
Copy to Clipboard
Global Assignment Help. [Internet]. Global Assignment Help.(2022), Retrieved from: https://www.globalassignmenthelp.com/free-samples/mod003319-business-finance-anglia-ruskin-university
Copy to Clipboard
Often times, students feel unable to work on assignments and think, “Who will do my assignment?” By providing "Sample" on various subjects, we are trying to help them understand all the intricacies of writing. We have the most qualified and skilled assignment writers who can provide the best assignment writing services,essay writing services, dissertation writing services, and more at the most affordable rates. Place your order now for surprising discounts.
Boost Grades & Leave Stress

Share Your Requirements Now for Customized Solutions.

Lowest Price

Delivered on-time or your money back

100+ Qualified Writers

For Best Finance Assignment Help

  • 1564 - Completed Orders
    Joseph Anderson View Profile Ph.D. in accounting and finance France Hire Me
  • Rachel Carter Assignment Writer
    423 - Completed Orders
    Rachel Carter View Profile Ph.D. in Economics Australia Hire Me
  • Barack Trump
    1241 - Completed Orders
    Barack Trump View Profile Master's in Business Studies UK Hire Me
  • Mindy Crawford
    1320 - Completed Orders
    Mindy Crawford View Profile Master's in Business Mathematics and Statistics USA Hire Me
View All Writers
FREE Tools

To Make Your Work Original

  • tools Paraphrasing Tool

    Check your work against paraphrasing & get a free Turnitin report!

    Check Paraphrasing
  • tools Plagiarism Checker

    Check your work against plagiarism & get a free Turnitin report!

    Check Plagiarism
  • tools Reference Generator

    Get citations & references in your document in the desired style!

    Generate References
? Help