Charlie Shah from an initial coffee shop opened in St.Albans in 2014 has opened a further 5 outlets throughout Hertfordshire.
Assignment Title: Charlie’s Coffee Shops – the need for control
Charlie Shah from an initial coffee shop opened in St.Albans in 2014 has opened a further 5 outlets throughout Hertfordshire. Typical of an entrepreneurial company formal budgets have never been produced. A new partner who is funding further expansion into Middlesex and London has requested the appointment of a qualified accountant who will be responsible for creation of annual budgets and also then monthly reports that measure actual performance against planned performance. As that accountant you are to prepare a report for Charlie that :
- Evaluates a management control system.
- Examines the management accounting control system approach and how it could be applied at Charlie’s Coffee Shops.
- Evaluates the need for managers of the outlets to participate in the budget setting process
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