SITXFIN003 P&L Report On Manage Finances Within A Budget

Task 2

Use the information provided above to:
(a) Prepare the P&L Report for the 3-month period that shows:

1. projected income and expenditure
2. actual income and expenditure
3. positive or negative variances

(b) Prepare a financial report (1 page document) to advise management of the budget status.
The report must include a detailed summary of:

1. overall budgetary performance
2. variations to the projected and actual income and expenditure
3. reasons for the positive or negative variances