Prepare and Monitor Budget - 949 Words

Assessment Task 1: Element 1 Prepare Budget Information Research Assignment. 1. Mountain View Hotel organisational chart, profit or cost center and people who are involved in the budget committee. People who involve in budget committee are: General Manager, Resident Manager, Sales and Marketing Manager, Food and beverage Manager, Hotel Accountant, Maintenance Manager, Front Office Manager and Housekeeping Manager. 2. As the Executive Chef you are responsible for developing your activity centers budget. The general Manager has told all profit center managers to increase net profit by 5%, and maintain current departmental labour cost. He has advised that there will be a major advertising campaign to increase mid week occupancy. List†¦show more content†¦Carbon tax has trigger prices to go up while people also deal with job tax, mortgage payment, leisure tax and household tax. This is bringing up pressure to everyone. Mountain View Hotel may need to increase prices on services to level with market prices, such as room prices, food and beverages prices. The proposal for revenue, costs, cash flow and profits will vary in operation‘s buying strategy, business suppliers and customer’s expectation. In addition, I also need to consider last accounting period won’t be the same with current or next accounting period and how the prices effect during budgeted period. The introduction of carbon tax has reflected change on products prices, energy fee, and wages. The budgeting forecast will consider higher than before to meet up with business goal profit. 6. List and explain two ways that your inclusion in the Mountain View’s budget committee allows you and your team and opportunity to be involved in ensuring that the budget is achievable and will assist in meeting the organisation goal and objectives. Answer: Meeting is important and apply to any business especially big business. From the meeting: 1. Each department representative may give ideas, suggestions, complaint and supports to each other. ManagersShow MoreRelatedVice President Of Business Development1445 Words   |  6 Pages†¢ Develop creative outreach strategies to attract and retain clients.  ¬ Vice President of Operations †¢ Monitor project objectives, company policies, procedures and performance standards of all field personnel. †¢ Monitor construction through the Project Management Team in collaboration with the project site Superintendent to ensure that the project is built ahead of schedule and within budget. †¢ Represent the company at project related meetings as requested.  ¬ Vice President of Preconstruction †¢Read MoreVice President Of Business Development1186 Words   |  5 Pagesfield personnel. Monitor the construction project through the Project Management Team and collaborate with the project site Superintendent to check the project schedule and budget. Be the company representative at the various project related meetings. Vice President of Preconstruction Create standard procedures to support and maintain company’s needs in pricing for the projects that covers all costs while being profitable. Monitor the efficiency and accuracy of the prepared budgets and bids. MakeRead MoreRoutine Cost Report1034 Words   |  5 Pagesinformation of use to management. You will also deal with budgetary planning and control, forecasts and budgets. Learning outcomes On successful completion of this assignment you will be able to: 1 Collect and analyse cost information within a business 2 Propose methods to reduce costs and enhance value within a business 3 Prepare forecasts and budgets for a business 4 Monitor performance against budgets within a business. Assignment Focusing on a work role, previous work experience or a voluntary workRead MoreEvaluation And Evaluation Of The Bureau Of Preparedness And Response Systems728 Words   |  3 Pagesnormal business hours/days. The duties and responsibilities for this position are: Assist in the development of CHD expectations; evaluate the CHD expectations; review of CHD expectation documentation; monitor CHD work plans and quarterly reports, and provide technical support to the CHDs; develop and monitor the Unit’s data collection system: facilitate collection and analysis of information such as performance measurement data, operational assessments, progress reports and surveys between the CHDs andRead MoreAdministrative Assistant Job Description1401 Words   |  6 PagesMaintain confidentiality in all aspects of client, staff and agency information. 4. Monitor and assist with maintenance of the organization’s website. 5. Interact with clients, vendors and visitors. 6. Answer telephones and transfer to appropriate staff member. 7. Open, sort and distribute incoming correspondence, including faxes and email. 8. Sign for and distribute UPS/FedEx or similarly delivered packages. 9. Prepare responses to correspondence containing routine inquiries. 10. Perform generalRead MoreP1 Unit 2 Business Studies1652 Words   |  7 PagesElite Management transactions and provide timely and accurate financial reports to all budget holders. The post holder will also analyse Elite Management ‘s financial information and advice relevant managers accordingly as well as advise budget holders on all aspects of financial procedures, budget preparation, budget monitoring and other adhoc duties where necessary. * Assisting with preparation of the budget; * Developing and ensuring that financial policies and procedures are followed; Read MoreDetermining causes and effects of not keeping a personal budget1599 Words   |  7 Pagesï » ¿ Determining causes and effects of not keeping a personal budget William E. David ENG115- English Composition Prof. Sandra McDonald March 10, 2015 It has been observed that most of the employees of Bank of America create individual budgets but do not keep a record of them. This is because most of the employees return to the bank for personal loans just two weeks after receiving their salaries. Due to this finding, the factory utilized financial analysts and decided to develop measuresRead MoreThe Revision Of Induction Program867 Words   |  4 Pagestenure with our business. †¢ Budget The total cost is estimated at $4650. The activities costs include catering, equipments, documents and other, approximately $3800. The cost is expected from 30 participants per month. So, the cost may vary each month depend on the number of participants. The associate cost is about $850 which we do not actually pay. It is just calculated from inclined items such as venue and facilitator cost. The budget will derive from training budget and will be spread to participants’Read MoreStudent1258 Words   |  6 Pagesservices, etc. * Recruit amp; train the personnel to provide the functions. * Plan and execute the transition to normal production support. * Prepare budgets for work stream and manage to the approved budget. * Represent Qantas in relevant joint forums. * Create, maintain amp; monitor related risks, issues amp; actions. * Monitor amp; report status. Project Manager Triton NGDCS Flight Management Help and Support Transition Reporting to the Project Implementation Manager,Read MoreAcca Per1705 Words   |  7 Pageswith others (e.g. your manager) how you would deal with situations which could arise in the future where your professional ethics, values or judgement are challenged. Inform clients about the ethical standards that apply to professional activities. Monitor compliance with relevant legislation, standards and regulations and raise any concerns with the appropriate person. Identify the person or persons within your organisation responsible for providing ethical advice or managing compliance with relevant