International financial accounting regulation, budgeting and Investment appraisal

Global economic volatility has continued to cause widespread uncertainties in many countries and in businesses across the world. Inflation, though, has stabilised in some countries; it is still on the rise in so many others especially the developing climes. This has forced the monetary policy makers in these countries to continue to raise interest rates with the view that this will reduce inflation. 
On the other hand, the continuous increase in demand for some goods and services all over the world has created opportunities for many businesses, who have or are seeking new areas of expansion.  There appears to be a healthy global outlook for businesses as competition increases. Businesses that have not put their house in order to exploit these opportunities are now seeking to have more understanding of the regulatory and legal framework in finance, improve or maintain an appropriate budgeting system to be able to maintain a healthy cash-flow and participate in this promising global business outlook.  

MBA7060 Assignment Tasks:

Miltons is a UK-based software manufacturing company. The directors believe that there is potential for growth in their product globally. To exploit this opportunity, they are seeking to have more understanding of the regulatory and legal framework in finance as well as finding better ways to improve their capital investment and budgeting processes. They are also considering opening a new office in continental Europe or install a new payment software system at the head office in Milton Keynes to help it do business better.

They have approached you as management consultant to help advise and determine which option is the best for them.

Your job is to write a report to advise Miltons on their obligations on the international regulatory and legal standards in accounting, suggest ways of oving budgeting and evaluate the investment options and recommend which is the best for them. 
Using data provided by the organisation, you are to complete a cash budget, and NPV investment appraisal technique in Microsoft Excel and use the results to advise and suggest improvements for Miltons. 

In your report, you are required to, among other things, cover the following:

1.Introduction: What the report is about and parameters to be covered in the report including the meaning and essence of regulatory and legal obligations, budgeting, and project appraisal (10 marks)

2.Analyse the international financial accounting regulatory bodies and their responsibilities. Critically evaluate the legal obligations and financial accounting standards and accounting principles Milton must follow. Critically examine some of the elements Miltons should consider when carrying out project appraisals using NPV technique (20 marks)

3.Prepare a cash budget and Project Appraisals using Net Present Value (NPV) only – using Microsoft Excel spreadsheet, from a set of data provided. (An additional excel case study information is provided for this) (15 marks)

4.Using the result of the NPV techniques, and using NPV theories and practice, which investment option would you recommend? Provide the reasons for this decision. (10% of total mark)

5.Respectively, critically evaluate the merits and limitations of:

1. budgeting and
2. NPV investment appraisal techniques. (15 Marks)

6.In the light of the cash budget produced, recommend to Miltons some strategies to improve cash flow in its budgeting. (10 mark)

7.Reflecting on your report, evaluate how your understanding of international regulatory and legal framework in accounting, budgeting, as well as net present value capital investment appraisal technique has helped your professional development? (10 marks)

8.References (in-text and bibliography) and Presentation (10 mark)

9.Appendix 

Accounting Assignment Answers: Expert Answers on Above Financial Accounting Questions

Introduction

This report focuses on Miltons, a UK software manufacturer analysing the international regulatory and legal accounting obligations of the firm, budgeting improvements and cash management, and capital investment appraisal using NPV between two strategic options available such as opening a new Continental Europe office all installing a new payment software system at its headquarter.

Regulatory bodies and legal accounting obligations

The important International and UK regulatory standards as applicable are IFRS/IASB, financial reporting Council, UK Companies Act 2006, HM revenue and customs, European regulatory framework, data protection regulators, and payment services regulations. Miltons is required to ensure compliance with all these regulatory bodies in successfully performing its business operations.

Legal applications and accounting standard Miltons need to follow

There are many legal obligation and accounting standards that needs to be complied such as preparing accounts under applicable GAAP, performing audit of books of accounts if its threshold exceeds, ensuring tax compliance by filling corporate tax returns, performing adequate disclosure related to third party transactions, contingent liability etc, ensuring complete data privacy and payment security following GDPR compliance, fulfilling local employment and Corporate Law requirements such as opening EU office, registration, VAT, and local statutory reporting. 

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