PART A

SCOOTAROUND
Income Statement
for the year ended 30th June 2023

ACCOUNTS AMOUNT
REVENUE
Sales Revenue 2,680,000.00
Hiring Fees 192,000.00
Award Revenue 3,000.00
2,875,000.00
Less: Cost of Goods Sold 1,430,000.00
GROSS PROFIT 1,445,000.00

Less: OPERATING EXPENSES

Legal Expenses 6,000.00
Mobile and Internet Expenses 3,640.00
Utilities Expenses 4,600.00
Salaries 96,440.00
Marketing Expenses 2,600.00
Assembly Costs 170,700.00
Rent 24,000.00
Insurance 8,100.00
Supplies Expenses 6,100.00
Bank Charges 280.00
Depreciation- Vehicle 5,000.00
Depreciation- Hire Equipment 31,000.00
Depreciation - Computing Equipment 1,500.00
Depreciation - Furniture 1,600.00
Interest Expenses 3,570.00
PROFIT BEFORE TAX 365,130.00
Income Tax (30%) 109,539.00
NET PROFIT 970,331.00

ACC 1201- Data Insights and Financial Performance, Semester I 2024, Case Study 2
1. Sagar Kunwar, Sangam Ranabhat and Ashok Gurung, Ayush Ghale
  It is assumed that ScootAround is liable to pay 30% corporate tax and such tax will be paid in the next
financial year.
SCOOTAROUND
Balance Sheet
As at 30th June 2023

ACCOUNTS DETAILS AMOUNT

ASSETS
Current Assets
Cash at Bank 1,250,976.00
Accounts Receivable 51,000.00
Supplies 1,120.00
Inventory 22,440.00
GST Paid 97,953.00
Total Current Assets 1,423,489.00 1,423,489.00

Non-Current Assets
Vehicle 30,000.00
Hire Equipment 20,000.00
Computing Equipment 4,500.00
Furniture and Fittings 6,400.00
Total Non-Current Assets 60,900.00 60,900.00
TOTAL ASSETS 1,484,389.00

LIABILITIES
Current Liabilities
Accounts Payable 35,472.00
Expenses Payable 1,727.00
GST Collected 216,000.00
PAYG Payable e 5,020.00
Income Tax Payable 109,539.00
Total Current Liabilities 367,758.00
Non-Current Liabilities
Loan Payable 45,500.00 45,500.00
TOTAL LIABILITIES 413,258.00
NET ASSETS 1,071,131.00

EQUITY

ACC 1201- Data Insights and Financial Performance, Semester I 2024, Case Study 2
1. Sagar Kunwar, Sangam Ranabhat and Ashok Gurung, Ayush Ghale
Share Capital 105,000.00
Less: Drawings 4,200.00
Net Share Capital 100,800.00
Retained Earnings
970,331.00
(Net Profit Transfer)
NET EQUITY 1,071,131.00
 It is assumed that the provided values of non-current assets are the book value of asset
 It is assumed that income tax expense will be paid in the next financial year, and this is after
adjusting Depreciation for the year.
 recorded as a current liability.

SCOOTAROUND
Statement of Owners' Equity
As at 30th June 2023

Particulars Willis Molly Ted

Share 30% 30% 40%

Capital Balance at Beginning 35,000.00 35,000.00 35,000.00

Add: Net Profit 291,099.30 291,099.30 388,132.40

TOTAL SHARE CAPITAL 326,099.30 326,099.30 423,132.40

Less: Drawings (4200) 1,260.00 1,260.00 1,680.00

Capital Balance at 30th June 2023 324,839.30 324,839.30 421,452.40

ACC 1201- Data Insights and Financial Performance, Semester I 2024, Case Study 2
1. Sagar Kunwar, Sangam Ranabhat and Ashok Gurung, Ayush Ghale
PART B

In Part B, as a team, you will use information from the annual reports of both ScootAround
and the company you have chosen your Business Academy organisation to answer the
questions below for both organisations.

a.What is the main source of revenue for the business and what was the $ value?
ScootAround
The main source of revenue for the business is revenue from its core business activities which
is the sale of a scooter called ZipZap2. In addition, it also generates revenue from hiring
activities that hire scooters to the public.
The value of revenue from the sale of the scooter was $ 2,680,000.00.
Ready Meals:
The core operation of the business is the production of distribution of prepared meals. The
company sells their prepared meals to supermarkets in wholesale, and direct sales to their
customers through an order in their delivery app. They also deliver prepared meals to
hospitals, schools and work-institutions through contracts.
Total revenue generation for the year 2023 was $ 34,288,800.00.

b.Calculate the gross profit margin for 2023. What is this calculation telling you?
The Gross Profit Margin has been defined as a financial metric that indicates the percentage
of revenue that the company retains after meeting all the direct expenses such as labour,
materials, etc. (Bloomenthal, 2022). It can be calculated by the following formula:

Gross Profit
Gross Profit Margin= ∗100
Revenue

ACC 1201- Data Insights and Financial Performance, Semester I 2024, Case Study 2
1. Sagar Kunwar, Sangam Ranabhat and Ashok Gurung, Ayush Ghale
 ScootAround
Gross Profit Total revenue Ratio
1,445,000.00 2,875,000.00 50.26
ReadyMeals
Gross Profit Total revenue Ratio
15,722,848.00 34,288,800.00 45.85
The Gross Profit Margin of ScootAround is 50.26% and it indicates that the company is
operating efficiently by effectively managing the direct expenses. In addition, it also indicates
that the company is in a stable position to cover all the operating expenses.

The gross profit margin of the Ready meals is 45.85%, an increase from 44.37% in 2022
indicating a better performance in the utilization of direct materials compared to previous
year. Though GP margin of the company is less compared to The ScootAround, its
comparison with ScootAround doesn’t make appropriate and relevant justification as those
two companies belongs to two different industries.

c. Did the company make a net profit or a loss in 2023 and what was the $ value?
ScootAround
The company made a net profit of $ 970,331.00 in 2023. It has been assumed that the
company will be paying a corporate tax of 30% on taxable income.
ReadyMeals
Yes, the net profit of Ready Meals for the income year 2023 was $3,626,990 .40.

d.Calculate the net profit margin for 2023.

The net profit margin can be calculated by the following formula:
Net Profit
Net Profit Margin= ∗100
Revenue

ScootAround
Net Profit Revenue Net Profit margin
970,331.00 2,875,000.00 33.75

ReadyMeals
Net Profit Revenue Net Profit margin
3,626,990.40 34,288,800.00 10.58

ACC 1201- Data Insights and Financial Performance, Semester I 2024, Case Study 2
1. Sagar Kunwar, Sangam Ranabhat and Ashok Gurung, Ayush Ghale
Net profit margin of the Ready Meals for 2023 income year was 10.58%, an increase from
9.24% in 2022. This is an indication that the company’s overall performance to earn profit
has increased than previous year. Similarly, its comparison with ScootAround will give false
justification in decision making of the ReadyMeals Company though its less compared to the
ScootAround.

e. What one (1) factor might impact demand for business and drive change in
revenue?
ScootAround
The most important factor that will impact the demand for ZipZap2 scooters and drive a
change in revenue is an increase in the price. The manufacturers have indicated that there will
be an increase in the price of the scooters in 2024 and it is expected to be increased by a
minimum of 7%. Such an increase would affect the affordability of the customers thereby
declining the demand which ultimately would affect the revenue of the company.
Ready Meals:
The one major factor that might impact the demand for the products of the ReadyMeals
company could be future technological changes in the company. The management are
exploring and expected to bring changes in the technology in the following years (estimated 5
Years) because of advances in technology in the areas such as payment processing,
upgradation of mobile application and automation of food processing and manufacturing.
Due to technological advancement, cost of production may go down and that will reduce
price of the commodity leading to increase demand and revenue of the ReadyMeals.
Similarly, the quality of the product may improve due to technological improvement and that
might increase demand in the future.

f. What % of sales revenue is the Cost of Goods Sold/Cost of Sales? What steps
might be taken to manage this expense?
The percentage of sales revenue to the Cost of Goods Sold/Cost of Sales can be calculated by
following formula:
ScootAround

Cost of Goods Sold

¿ ∗100
Sales Revenue

ACC 1201- Data Insights and Financial Performance, Semester I 2024, Case Study 2
1. Sagar Kunwar, Sangam Ranabhat and Ashok Gurung, Ayush Ghale
 1,430,000
¿ ∗100
2,680,000

¿ 53.36 %
Negotiation with suppliers for competitive pricing, effective inventory management, and
economies of scale are some of the significant measures that can be taken by the company to
manage this expense. The company can negotiate or explore other suppliers that offer better
pricing which enables the company to manage the cost of goods sold. In addition, the
company can also ensure effective inventory management and strive for economies of scale
that will ensure effective management of this expense.
ReadyMeals
Cost of Goods Sold
∗100
Sales Revenue
18,515,952
¿ ∗100
34,288,800
=54%
Vertical analysis of the profit and loss account of the ReadyMeals company says 54% of the
revenue is consumed by cost of sales. These expenses can be managed by entering into
contract with the key suppliers of the raw materials and exploring new suppliers who offers at
better price. Another could be technological advancement in the company to reduce wastage
in the production process.

g.Calculate the Current Ratio for the company. Is it satisfactory?

The current Ratio is one of the liquidity ratios that assess the liquidity and short-term
solvency of the company, and it measures the ability of the company to cover or pay its short-
term liabilities using short-term assets (Hasanuddin et al., 2021). It can be calculated as
follows:
Current Assets
Current Ratio=
Current Liabilities
1,423,489
Current Ratio=
367,758
Current Ratio=3.87 :1

ACC 1201- Data Insights and Financial Performance, Semester I 2024, Case Study 2
1. Sagar Kunwar, Sangam Ranabhat and Ashok Gurung, Ayush Ghale
According to Li (2023), the current ratio (< 1) indicates that the company has a high
probability of failing while the high current ratio (>1) indicates that the company can meet its
short-term obligations. However, Hasanuddin et al. (2021) asserted that the ideal current ratio
should be within 1:1 or 2:1, and anything higher than this would indicate the inability of the
company to use its short-term assets efficiently.

As such, the current ratio of ScootAround is 3.87:1 and it is satisfactory as it indicates that
the company can easily meet its short-term debt obligations. On the other hand, it also
indicates that the company was not able to use its short-term assets more efficiently and this
can be attributed to the company’s status as a newly established venture.
ReadyMeals
Current Assets
Current Ratio=
Current Liabilities
30,050,704.32
Current Ratio=
20,353,831.68
Current Ratio=1.48 :1
The current ratio of ReadyMeals says that the company can pay short term debt obligations
with current assets without requiring to sort for long term borrowings. This indicates that the
company is performing better at inventory management to increase sales.

h.What is long-term debt in $ value? What % of Total Liabilities is long-term debt?

Long-term debt is an obligation of the company with a maturity period of more than a year
(Manyanga et al., 2023) and it indicates the percentage of financing that the company has
done. The long-term debt of ScootAround was $ 45,500.00 and it accounts for 11.01% of the
total liabilities of the company as shown below.

Long−term Liabilities
¿ ∗100
Total Liabilities
45,500
¿
413,258
¿ 11.01 %

ReadyMeals

ACC 1201- Data Insights and Financial Performance, Semester I 2024, Case Study 2
1. Sagar Kunwar, Sangam Ranabhat and Ashok Gurung, Ayush Ghale
The long-term debt source of finance of the ReadyMeals company for 2023 is $
24,875,838.62. This is 25.91% of the total liabilities of the company.
Long−term Liabilities
∗100
Total Liabilities
24,875,838.62
¿
96,008,640
¿ 25.91 %

i. In terms of the triple bottom line list one item of information that requires
disclosure to the public about environmental matters?
The triple bottom line has been defined as the framework that assesses the performance of the
company based on three dimensions such as economic, social, and environmental aspects
(Hammer and Pivo, 2016). Likewise, one of the items that ScootAround must disclose to the
public about environmental matters is battery recycling and disposal policies. Since the
company has received multiple complaints relating to batteries, the company must disclose
how such batteries are recycled and disposed of to minimize the impact on the environment.

ReadyMeals
Similarly, to the ScootAround, The Readymeals company must disclose their policy in
regards to packaging waste. This is very important aspect of company’s environmental
footprints and efforts toward sustainability such as amount and types of packaging materials
used.

j. How could the organisation be impacted by global matters in 2024/25?

Global matters such as disruptions in the supply chain, international trade policies,
environmental regulations, economic conditions, etc. would have adverse impacts on the
company. These global matters would delay in importing of scooters from Japan and increase
the cost of transportation thereby affecting the demand for scooters which ultimately would
affect the revenue and profitability of the company.
ReadyMeals
The company is exploring its new market expansion in the European countries through
market development. In this aspect, global polices like international trade policies of each
country and union may be a challenge for the company to penetrate and expend its market.

ACC 1201- Data Insights and Financial Performance, Semester I 2024, Case Study 2
1. Sagar Kunwar, Sangam Ranabhat and Ashok Gurung, Ayush Ghale
Similarly, war between Russia and Ukraine, Israel vs Iran and Palestine may disrupt the
supply chain to enter into new market capitalization.

k. List two (2) opportunities for growth and sustainability of the business going
forward?
Currently, ScootAround engages in the sale and hiring of ZipZap2 scooters which may
impede its growth and sustainability in the long run with the entrance of new companies. For
this, the company can expand the brand and diversify its product line beyond scooters which
can generate additional revenues. In addition, the company can also expand its markets
towards other locations and customer segmentations such as tourist destinations, universities,
etc. through partnerships with ride-sharing platforms that can not only increase the revenue
streams but also foster long-term relationships. Thus, diversification of product lines and
expansion of the market are two significant opportunities that the company can delve into to
ensure the growth and sustainability of the business.
ReadyMeals
The company’s proper structure on the division of task in the operation may grow business in
the future. A timely and relevant research by the research and development team is very
important to act promptly to target potential customers and retain existing ones on their tastes
and preferences of their products.
Automation of the operation with advance technology is crucial for the sustainability of the
business going forward. It helps reduce wastage in the production process, reduces
requirement of more human workforces and ensuring standard quality of the products. It will
ensure future growth and sustainability of the ReadyMeals.

l. In terms of corporate social responsibility list two (2) points that each company
should be undertaking to indicate that this is valued.
Corporate Social Responsibility (CSR) is a framework that integrates the social and
environmental aspects into business activities and indicates how the businesses contribute to
the development of the community in which they operate (Newman et al., 2020). As a part of
corporate social responsibility, both the companies (ScootAround and The ReadyMeals) must
minimize waste generation and promote community engagement. The companies can
minimize the waste by recycling and decomposing the wastes properly and this will not only

ACC 1201- Data Insights and Financial Performance, Semester I 2024, Case Study 2
1. Sagar Kunwar, Sangam Ranabhat and Ashok Gurung, Ayush Ghale
reduce the adverse impact on the environment but also promote a green community. In
addition, the companies can also promote community engagement by offering discounts on
products and sponsoring activities that will enhance community engagement.

a.What two (2) factors would you as a prospective investor consider about each
organisation? Would you invest in either ScootAround or your business academy
organisation? Why (give two (2) reasons for each)?

As a prospective investor, it is extremely important to consider the growth potential and

competitive advantage that the companies have. The growth potential would indicate the
possibility of expansion into new markets and the sustainability of the companies over the
years. On the other hand, the competitive advantage would indicate the unique strengths that
the company has over its competitors and that strength sets it apart from the rest of the
companies thereby enabling the company to generate maximum revenue. Thus, considering
these two factors can guarantee maximum returns to the investors.

Based on the business analysis, I would prefer to invest in The ReadyMeals Business because
of the following reasons.
 Though GP margin and Net Profit margin of ScootAround is higher than that
of the ReadyMeals, I would invest in the ReadyMeals company because the
company may earn huge future economic returns as they step into entering
European markets with the implementation of advance technology.
 We could predict the future demand to increase in the following years for
agriculture products (cereals and prepared foods) as the war are still ongoing
which may disrupt the supply. So, investment in the ReadyMeals would be
profitable for prospective investor.

PART C
a) Your team has been asked to assist with embedding at least two (2) of the United
Nations Sustainable Development goals in the strategic plan for each
organisation. Besides goal 13 which is covered in the next question, what two (2)
goals do you think would be chosen by (a) ScootAround and (b) your business

ACC 1201- Data Insights and Financial Performance, Semester I 2024, Case Study 2
1. Sagar Kunwar, Sangam Ranabhat and Ashok Gurung, Ayush Ghale
 academy organisation and why? Describe how you would suggest these goals be
operationalised.

According to UNDP (2024), the Sustainable Development Goals (SDGs) are those goals that
aim to address social, economic, and environmental challenges faced by people and countries
across the world. This SDG strives to balance social, economic, and environmental
sustainability. Currently, there are 17 SDGs and two SDG goals that each company must
adopt and integrate SDG goals besides SDG 13 are discussed below.

ScootAround
For ScootAround, the adoption and integration of SDG 7 and 11 would positively impact the
organization as well as the community. The SDG 7 7 aims to ensure Affordable and Clean
Energy. As a company that deals with transportation activities, this goal is significant for
ScootAround as the emission of greenhouse gas emission adversely impacts the environment.
For this goal, ScootAround must move to do business with electric scooters, and this will
help the business in promoting clean and renewable energy. In addition, the business must
also adopt SDG 11 which focuses on ensuring Sustainable Cities and Communities. The
business modality of ScootAround direlcy impacts urban mobility and integration of SDF 11
aligns with the strategic plan of the business to create sustainable cities. This SDG can be
operationalized by expanding the business and its hiring services to other areas in the
community and enhancing accessibility to all the users by closely working with the local
government authorities and other important stakeholders.

ReadyMeals
Out of 17 SDGs of the United Nations, SDG 2 (Zero Hunger) and SDG 12 (Responsible
Consumption and Production) are most relevant SDGs for The ReadyMeals Company. The
SDG 2 aims to achieve zero hunger for all. This goal aims at ending hunger with food
security, improving nutrition and promoting sustainable agriculture. Though the ReadyMeals
company is not directly involved in agriculture, it can contribute to achieving SDG 2 through
their operation by supporting sustainable food production systems. Reducing food waste
throughout the supply chain will also help achieve SDG 2 of UN. Another one is through
offering nutritious food at affordable prices and educating consumers about healthy eating
habits. These kinds of contribution help achieve Zero Hunger Goal and ensuring sustainable
food system for the future generations. Another SDG that the ReadyMeals company could

ACC 1201- Data Insights and Financial Performance, Semester I 2024, Case Study 2
1. Sagar Kunwar, Sangam Ranabhat and Ashok Gurung, Ayush Ghale
embed in their planning is SDG 12, a Responsible Consumption and Production. This goal
aims at ensuring efficient and effective use of resources to reduce environmental impact. The
ReadyMeals company could contribute to this goal through reducing waste in food waste and
packaging process. Furthermore, the company could contribute through sustainable
production practices such as water conservation and energy efficiency in the production
process. It could also contribute through promoting responsible consumption through proper
labelling and consumer education of consumers.

b) The reality of Climate Change brings with it positives and negatives in relation
to emissions, energy, risk, regulation, consumer attitude. As managers of an
organisation do you feel that climate change is an issue for ScootAround and
your business academy organisation and why? What are the main challenges (list
two (2)) that dealing with climate change may present for your company? If
these are ignored, what might the consequences be (list two (2))?

Climate change is a global issue that would adversely affect the globe directly or indirectly
and such issues must be addressed (Tosun, 2022). Likewise, climate change is an issue for
both the ScootAround and The ReadyMeals. Firstly, ScootAround deals with the supply of
scooters, and these scooters are exclusively used as one form of transportation. The use of
scooters significantly contributes to carbon gas emissions which ultimately contributes to
climate change. Similarly, supply chain and their operation of the ReadyMeals company also
contributes to climate change through agriculture and sourcing such as greenhouse gas
emissions(methane) from livestock production, deforestation practices for cultivations and
use of pesticides. Furthermore, energy consumption and packaging waste also contributes to
climate change. In addition, the transportation in the supply chain adds carbon foot and also
these businesses would generate a substantial amount of waste which would affect the
pristine environment which in turn would affect climate change. Thus, climate change is an
issue for both the business.
The main challenges as a result of climate change for the ReadyMeals company could be
rising cost of the raw materials in the supply chain. Due to adverse impact of climate change
in the agriculture production area, it may lead to crop failures. This will ultimately lead to
hike in the prices of the key raw materials required by the Readymeals company. This will

ACC 1201- Data Insights and Financial Performance, Semester I 2024, Case Study 2
1. Sagar Kunwar, Sangam Ranabhat and Ashok Gurung, Ayush Ghale
impact profit margin negatively. In addition, unsustainable practices like excessive packaging
and unsustainable sourcing from suppliers could lead to negative publicity that will ultimately
lead to decrease demand for the products.
However, these challenges can be overcome through reducing greenhouse gas emission and
the use of advance technology into the company. If not taken care or ignored by the company,
it may cause difficulty in the operation of the business. This is because the climate change
could disrupt the supply chain of the ReadyMeals production of prepared foods. Shortages of
raw materials due to crop failures as a result of climate change may slowdown the production
in the ReadyMeals company. Another consequence would be decrease in the profit of the
company. Increase in the cost of raw materials required for the ReadyMeals will increase the
cost of production in the comoany that will finally hit the company’s bottom line of making
profit.
Thus, both companies need to take care the ill effect of climate change and strategize their
plans accordingly for business sustainability.

c) What is the Modern Slavery Act (2018) and how is it relevant to business
organisations? Going forward, could it impact the way ScootAround and your
business academy company do business and how?

Modern Slavery Act (2018) is an Act that aims to address and reduce modern slavery and
human trafficking. It also aims to address issues relating to labour exploitation, human rights
abuses, etc. in business operations and supply chains (Australian Government, 2018).
ScootAround and The ReadyMeals deal in the supply of scooters and the sale of prepared
food products where the supply chain plays a crucial role in meeting the goals and targets of
the business. In such business settings, the Modern Slavery Act (2018) places legal
responsibility and obligations on the companies to ensure that slavery, human trafficking,
labour exploitation, human rights abuses, etc. are not taking place in their business operations
and supply chain settings.

The Modern Slavery Act (2018) would have several impacts on the ways ScootAround and
ReadyMeals operate their businesses. The two most important impacts are the supply chain
due diligence, and transparency and reporting. Going forward, the companies must enhance
the due diligence process in their business settings, and this will enable the organizations to
identify any potential modern slavery risks and accordingly implement the measures to

ACC 1201- Data Insights and Financial Performance, Semester I 2024, Case Study 2
1. Sagar Kunwar, Sangam Ranabhat and Ashok Gurung, Ayush Ghale
mitigate the associated risks. This would require the companies to conduct a risk assessment,
engage with suppliers and other relevant stakeholders, and institute dynamic internal control
and monitoring mechanisms to combat any risks that are associated with modern slavery.

Moreover, the companies have to enhance transparency and reporting on modern slavery and
associated risks in the organization. It can also report on any actions taken by the company to
address such risks. Thus, the companies must hire additional employees to handle any issues
relating to the Modern Slavery Act (2018) and this would have a direct impact on the
financial performance of the companies.

d) What opportunities do you see or what changes would you advise be made to
grow each business or operate more efficiently. List two (2) for each.

In the case of ScootAround, the business must have an expansion plan and explore other
suppliers. The business must expand its operation to other places, and this will not only
increase the customer base and market share, but it will also significantly contribute to the
profitability of the business. Moreover, the business must explore other manufacturers as the
current manufacturer has indicated that the price of scooters will increase by a minimum of
7% in 2024. Thus, the two opportunities that will enhance the operational efficiency of
ScootAround are:
 Expand to other areas or jurisdictions, and
 Explore other manufacturers.

On the other hand, two opportunities that the ReadyMeals company has is its market
expansion in European and Asian markets and implementation of advanced technology. The
market expansion to European and Asian market will increase demand for the products
drastically due to large number of populations. This will further help builds more market
expansions where ever demand is higher. With the implementation of advanced technology in
the company, it will reduce wastage and automate production of repetitive task to produce at
large scale. This will increase market share from 8% in Australia and New Zealand. Thus,
two opportunities for the ReadyMeals are:
 Market expansion and
 Implementation of advanced technology

ACC 1201- Data Insights and Financial Performance, Semester I 2024, Case Study 2
1. Sagar Kunwar, Sangam Ranabhat and Ashok Gurung, Ayush Ghale
PART D

Name of Student: Sagar Kunwar

Names of other team members:

1. Sangam Ranabhat
2. Ashok Gurung
3. Ayush Ghale

QUESTION ONE
Details of Minutes of first team meeting, including company allocation to individuals
and work schedule.

1. The first meeting was held on 5th April 2024 at University Library The members
present were Mr. Ashok Gurung, Sagar Kunwar, Sangam Ranabhat and Ayush Ghale
Following agenda were discussed in the meeting;

 Introduction of team members

 Finalization of business plan
 Allocation of company
 Work schedules and deadlines
 Any other agendas

1. Introduction of team members

The meeting started at 10:00 AM and all the members were present. Firstly, the team leader
introduced himself and comprehensively informed the members about the objectives of the
meeting. The team leader also solicited unconditional support from each member for
completing this assignment on time. Following his introduction, each member briefly
introduced themselves and all the members agreed to render full support to the leader in
completing the assignment on time.

ACC 1201- Data Insights and Financial Performance, Semester I 2024, Case Study 2
1. Sagar Kunwar, Sangam Ranabhat and Ashok Gurung, Ayush Ghale
 2. Finalization of Business Plan
As a part of the module assessment, the students are required to develop a Business Academy
Profile, which is more of a detailed business plan. After thorough discussions, the team
members unanimously decided to develop a business plan for the prepared food company.
The team also decided to name the business as “ReadyMeals”
3. Allocation of company
The group must have detailed knowledge of the companies (ScootAround and ReadyMeals)
to complete this assignment. For this, the team after discussion decided to allocate the
companies as follows:

SL. NO TEAM MEMBERS COMPANY

1 Sangam Ranabhat

2 Ayush Ghale ScooterAround

3 Ashok Gurung
ReadyMeals
4 Sagar Kunwar

However, the team leader informed the team members that each member must have a
thorough understanding of both companies to complete the assignment more productively.

4. Work Schedules and Deadlines

Each member is directed to read all the available information and all the members are
supposed to have separate working papers and answers. Based on the individual work and
answers, the team leader will compile the answers after thorough discussion and constructive
debates. The work schedules and deadlines are given below.

ACC 1201- Data Insights and Financial Performance, Semester I 2024, Case Study 2
1. Sagar Kunwar, Sangam Ranabhat and Ashok Gurung, Ayush Ghale
 SL. NO ACTIVITY DEADLINE
1 Presentation of data on companies 10th April 2024
2 Submission of answers to the leaders 15th April 2024
3 Discussion on questions 17th April 2024
4 Compilation of answers after discussion 18-19th April 2024
5 Completion of 1st Draft 20th April 2024
6 Proofread and finalization 21st April 2024

The team discussed this specific agenda and all the members agreed to work as per the given
deadline. The meeting adjourned at 1:00 PM.
QUESTION TWO

Notes from Minutes of team meeting/s to compile Team Report.

The team met 6 times and discussed extensively various aspects that are necessary to
complete the assignment. The notes from the minutes of the meeting are:
 Company Analysis
The team members presented the analysis of the company they were allocated and shared
their findings with the group. The members also presented the formula used to calculate
certain financial metrics given in the question. Besides this, the team also presented other
analyses that are required to answer in the assignment.

 Report Structuring
The team decided to answer the questions as per the given format. All the team members also
presented individual work and answers to all the questions of Part A, B, and C to ensure that
all the members were on the same page and had a thorough understanding of the companies.

 Report Compilation
After a thorough discussion, the team leader started compiling the answers to the questions.
All the members were given the opportunity to present their findings and finally decided to
take the best answers. However, it has been observed that all the answers are similar and
common which made it easier for the team leader to compile.

ACC 1201- Data Insights and Financial Performance, Semester I 2024, Case Study 2
1. Sagar Kunwar, Sangam Ranabhat and Ashok Gurung, Ayush Ghale
  Finalization and submission
The draft report has been shared with every member to proofread and correct any errors such
as spelling, grammar, and structure. Based on the feedback, necessary changes were made in
the report and every member agreed to share the report as instructed.

QUESTION THREE 10

Personal reflection on the process of collaboration to complete this assignment.

I can identify a number of important takeaways from my experience working with others to
finish this assignment, including the value of precise information sharing, clear
communication, and an organized approach to teamwork—even in remote work
environments like ours. Here are a few things I personally learned:

 Communication: During our conversation, it was crucial to make sure that we were
communicating clearly and precisely. I reduced miscommunication and expedited the
analytical process by making my needs evident and offering detailed comments. I
learned from this how important communication is to any team effort.

 The process of problem-solving and adaptation involved responding to new

information and rephrasing the analysis in light of inputs received. These actions
reflected common collaboration issues in which adaptability and responsiveness are
essential. This experience made clear how crucial it is to be flexible when working in
a team environment in order to get the best results.

Ultimately, this collaborative process was more than just finishing an assignment; it was
a learning experience that emphasized the importance of mutual respect,
communication, and creativity in the context of professional teamwork. Every exchange
taught valuable lessons about financial analysis as well as practical project
collaboration approaches.

ACC 1201- Data Insights and Financial Performance, Semester I 2024, Case Study 2
1. Sagar Kunwar, Sangam Ranabhat and Ashok Gurung, Ayush Ghale
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ACC 1201- Data Insights and Financial Performance, Semester I 2024, Case Study 2
1. Sagar Kunwar, Sangam Ranabhat and Ashok Gurung, Ayush Ghale
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ACC 1201- Data Insights and Financial Performance, Semester I 2024, Case Study 2
1. Sagar Kunwar, Sangam Ranabhat and Ashok Gurung, Ayush Ghale