Financial Planning and Presentation

The calculation and allocation of funds are determined and influenced by some factors. This may include the loans, the debt issues, the risk of default and also the business performance and the capital adequacy. The expense budget for the financial year EXPENSES BUDGET ($M) ACTUAL ($M) DIFFERENCE Operating expenses 9,217 9,474 257 Impairment charges 1,124 853 -271 Income tax expense 3,184 3,518 334 Profit attributable to non-controlling interests 15 7 -8 TOTAL EXPENSES 7,172 13,852 6,680 The expense budget is good for the management as they can refer to it to review the efficacy and the outcomes of how the business has been spending. The factors that determine and influence the calculation of allocation of funds will entail the details of operational spending, all the taxes, and the previous expenditures and also the changes that occur during the day to day duties in the business.

A budget has to include both the expected incomes and expenses to plan on how to spend the money to avoid wastage wisely. This way, the implemented budget will be monitored and tracked to avoid obtaining many different results at the end of the financial period. Contingency plan Identify the stressing events Establish an implementation and monitoring plan for the contingency events Identify potential clients The business to work within specified time frames Each manager assigned to be in charge of an activity within the organization During the specified period, the business may go through so many cycles that would end up bringing alterations in the budget. The contingency plan would help the business to arise once again even after facing challenges and changes.