BTF - Functions of Finance

Forecasting sales for upcoming weeks based on weather and demand.

• Recording Financial Transactions
• Financial Reporting
• Management Accounting
• Treasury Management

Managing inventory of ingredients (cups, lemons, sugar, ice).

• Recording Financial Transactions
• Financial Reporting
• Management Accounting
• Treasury Management

Analyzing the cost of ingredients to determine the selling price of lemonade.

• Recording Financial Transactions
• Financial Reporting
• Management Accounting
• Treasury Management

Recording sales and expenses in a notebook.

• Recording Financial Transactions
• Financial Reporting
• Management Accounting
• Treasury Management

Managing the lemonade stand's cash flow to ensure timely payments for ingredients.

• Recording Financial Transactions
• Financial Reporting
• Management Accounting
• Treasury Management

Implementing cost control measures to maximize profits.

• Recording Financial Transactions
• Financial Reporting
• Management Accounting
• Treasury Management

Preparing the lemonade stand's income statement to track earnings.

• Recording Financial Transactions
• Financial Reporting
• Management Accounting
• Treasury Management

Preparing the lemonade stand's balance sheet to assess financial position.

• Recording Financial Transactions
• Financial Reporting
• Management Accounting
• Treasury Management

Preparing the lemonade stand's budget for the upcoming week.

• Recording Financial Transactions
• Financial Reporting
• Management Accounting
• Treasury Management

Conducting a financial analysis to identify areas of improvement.

• Recording Financial Transactions
• Financial Reporting
• Management Accounting
• Treasury Management