Section 2 - Complete the Client Advice

Requirements:

Based

on the Avalon Dcor Case Study on below page 2, complete of the following assessment tasks:

1. Identify and explain which section of Avalon's Financial Policy and Procedures

manual needs to be updated. What improvements would you recommended?

2 Identify and explain the standard accounting technique which would be used to

forecast Avalon's inventory levels for the 2018 year. Show your calculation of

this amount.

3 Identify all of the assumptions which Avalon is planning to use to calculate

its 2018 forecast.

4 Identify and explain any gaps in the way Avalon is planning to develop its

financial forecasts for 2018

5 Once the 2018 forecast has been completed and documented, how should it be

approved?