EXAMPLE: CHILDCARE SERVICE
The report below is similar to the carhire report but in this case a flexible budget is assumed. Year to Date is not shown but would normally be included. The Operations Statement follows the Balanced Score Card approach.
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Source of Information: |
Accounting records of ABC Childcare P/L |
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Major Assumptions in Forecasts: |
(1) Childcare numbers increase to 55, and again to 65 in July for remainder of year. |
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(2) Fee for a child increases from $780 pm January to $855 pm in February, and to $862 pm in July. |
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Check on Forecasts: |
ABC controller has based forecasts on historical data. |
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Responsibility for Forecasts: |
ABC controller. |
