BIZ201_Assessment3Brief_M3_CaseStudyPage1of10ASSESSMENTBRIEFSubjectCodeandTitleBIZ201AccountingforDecision MakingAssessmentCaseStudyPartAIndividual/GroupIndividualLength1500wordsLearningOutcomesb) Apply relevantaccountingconceptstosimplebusinessscenarios.c) Interpretandanalysetheinformationcontained ingeneralpurposefinancial statements,to evaluatetheoverallfinancial positionand performanceof abusiness.SubmissionBy11:55pmAEST/AEDTSundayof Module4(Week8)Weighting30%TotalMarks100marksContext:Thisassessmentisaimedat consolidatingknowledgefromModules1-3. Byprescribingthis assessment,youareabletoreflecton theunderstandingofaccountingconceptsandbe ableto applythemtobusinessscenarioslike givenin this casestudy.Instructions:1. The casestudybelowpresentsabusinessscenario.Answerquestionsin Part1and2 at theend of thiscasestudy.2. Submittwofiles; ExcelWorkbookandtheBusinessReport.3. For calculationquestionsshow allworkingsthroughappropriateExcelformulas.Copy pastednumberswithoutappropriateExcelformulaswillnotbeaccepted.4. Submityour assessmentfilesusingthefollowingnamingconvention:FirstName_LastName_BIZ201_Case_StudyA_Assessment3_Workbook.xlsxFirstName_LastName_BIZ201_Case_StudyA_Assessment3_Report.doc
BIZ201_Assessment3Brief_M3_CaseStudyPage2of10Crystal HotelCase StudyCrystalHotelPtyLtdisaprivatelyowned3.5starshotel locatedinParramattaCBDin Sydney. The Hotelconsistsof160rooms withmaximumcapacityof 350guests,arestaurantwith capacityof150 guests, afunction roomwithmaximumcapacityof250guestsandaconferenceroomwith maximumcapacityof200guests. Theaveragepriceper roomper nightis$150.While thehotel islocatedinaverypopularlocationandcloseproximitytoa river andthecity centre,itis becomingquiteoutdated.Theowners relyheavilyontheir corporateclientele. Clients usuallyusethe hotel fortheir expatemployees.Duetolong-termcontracts,theypayoncredit with invoices beingissuedattheendofeachmonth.Thehotel isoften faced withoutstanding invoices. Theownershavesofartolerated itasitusuallyoccurswith theirlong-termclients. Additionally,tothe accommodationservices,theyoften use hotelfacilities for their functions and conferences.Thehotel isconstantlyhavingdifficultiesretainingagoodqualitystaff astheyalways getjunior personnel,whichoncegainingexperiencewillusuallyleaveforbetteropportunitiesinhotelswith higherratings. Thebiggestissueis toretainhighqualitypersonnel inthehotel restaurant,especially a chef.Theownerswouldliketoincreasethehotel starratingbyrenovatingor refurbishingthehotel and improvingtheirservices.TheyarethinkingaboutbuildingaWellnessCentreontherooftopofthe hotel,whichwouldincludea massagetreatmentroom, gym,spa,sauna andanoutdoorpool.As newplanswillrequire quiteextensivecapital investment,theownerswouldliketoknowwhere theystandfinanciallybeforemakinganymajor decisions. Youhavebeenappointed to analysetheir financial statementsandtogivetheman insightonwhichareasshouldbeimproved andanalysed further.Youareexpected toconductthefinancial statementanalysis in Excelworkbookandthen useyour findings in creatingabusinessreporttobesubmittedto the client.
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