Imagine role-playing with a person, where you both play managers of an organization.

Using the sample financial documents provided, work together to evaluate the results of the budget and financial plan and negotiate any changes that may be needed.

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ABC Company Balance Sheet Worksheet Assumptions+ Assumptions+ Balance sheet preparation assumptions:+ $18 million capital investment in 5 new stores in Australia from cash reserves+ Aim to reduce average inventory level to $20 million except in October, November and December periods where it can reach $40 million+ Commencing paying salaries on a monthly basis will increase salaries clearing liability to $5.5 million+ Write off bad debts to $0.2 million+ Sell 50% of plant and equipment at book value and move to long-term lease agreements+ Projected 15% increase in sales will result in similar changes to trade creditor and receivables items in the balance sheet+ Increase in the book value of the ABC brand name from $9 million to $15 million+ Balance sheet worksheet+ Budgeted balance sheet as at 28 February 2016 2014/15 Actual at 2015/16 2015/16 YTD 30 June Actual YTD Budget+ Variance 2016/17 Budget at 30 June 2015+ ($ '000)+ ($'000)+ ($ '000)+ ($'000)+ 2017+ ($'000)+ BALANCE SHEET+ Cash & bank deposits+ 53,515 56,039 58,698 -2,659+ Receivables+ 3,520 3,892+ 3,600+ 292+ Inventories+ 23,680+ 32,120 25,600 6,520 Other current assets+ 2,468+ 2,698+ 2,500+ 198 Total current assets+ 83,183 94,749 90,398 4,351+ Non-current investments+ 145,698 158,123 152,000+ 6,123 Plant & equipment+ 32,000+ 36,982 38,000+ -1,018 ABC Company Balance Sheet Worksheet Assumptions+ Assumptions+ Balance sheet preparation assumptions:+ $18 million capital investment in 5 new stores in Australia from cash reserves+ Aim to reduce average inventory level to $20 million except in October, November and December periods where it can reach $40 million+ Commencing paying salaries on a monthly basis will increase salaries clearing liability to $5.5 million+ Write off bad debts to $0.2 million+ Sell 50% of plant and equipment at book value and move to long-term lease agreements+ Projected 15% increase in sales will result in similar changes to trade creditor and receivables items in the balance sheet+ Increase in the book value of the ABC brand name from $9 million to $15 million+ Balance sheet worksheet+ Budgeted balance sheet as at 28 February 2016 2014/15 Actual at 2015/16 2015/16 YTD 30 June Actual YTD Budget+ Variance 2016/17 Budget at 30 June 2015+ ($ '000)+ ($'000)+ ($ '000)+ ($'000)+ 2017+ ($'000)+ BALANCE SHEET+ Cash & bank deposits+ 53,515 56,039 58,698 -2,659+ Receivables+ 3,520 3,892+ 3,600+ 292+ Inventories+ 23,680+ 32,120 25,600 6,520 Other current assets+ 2,468+ 2,698+ 2,500+ 198 Total current assets+ 83,183 94,749 90,398 4,351+ Non-current investments+ 145,698 158,123 152,000+ 6,123 Plant & equipment+ 32,000+ 36,982 38,000+ -1,018