Meet KJC Ltd - they make awesome pots! From tiny ones to hold your baby cactus to massive ones for those big ferns. Quality? Top-notch! Distribution? Everywhere!

• First half: Sales skyrocketed 🚀
• Second half: Sales more like turtle-walked 🐢
  Why?
  • Some people say, "It's the recession!"
  • Others claim, "Too many competitors!"

• Role: Financial Manager of KJC Ltd.
• Mission: Conduct a variance analysis (like a detective 🕵️ looking for clues in financials).
• Why? To find out:
  • How KJC Ltd did over the year.
  • The areas causing the sales dip in the second half.

• Cost Centre
  • Definition: A department or section of a business responsible for costs (but doesn't make profits directly).
  • Real-World Example: Think of the HR department in a company. They handle salaries and training costs but don't sell products.
• Profit Centre
  • Definition: A department or section of a business that directly earns revenue and is responsible for its profits and losses.
  • Real-World Example: Imagine Apple's iPhone department. They sell iPhones and earn direct profit.
• Roles in KJC Ltd
• Performance Measurement: Measures how well a part of the business is doing. Like seeing which pot shapes are selling like hotcakes!
• Strategic Decisions: Helps in making decisions like launching new pot designs or discontinuing others.