[Authentic] Assignment – Manage finances

Details: Student Assessment Tasks
BSBFIM601 Manage finances
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
BSBFIM601 Manage finances Student Assessment Tasks
Version : 2.0 Last Updated : 07 May 2018 Next Update: 07 May 2019 Page 2 of 39
BSBFIM601 Manage finances Student Assessment Tasks
Table of Contents
Table of Contents 2
Assessment Information 3
Assessment Instructions 5
Student Assessment Agreement 7
Assessment Task 1 Cover Sheet 9
Assessment Task 1: Written Questions 11
Assessment Task 1 Instructions 14
Assessment Task 1 Checklist 16
Assessment Task 2 Cover Sheet 18
Assessment Task 2: Financial Management planning project 20
Assessment Task 2 Instructions 23
Assessment Task 2 Checklist 27
Assessment Task 3 Cover Sheet 29
Assessment Task 3: Budget review project 31
Assessment Task 3 Instructions 33
Assessment Task 3 Checklist 34
Assessment Task 4 Cover Sheet 35
Assessment Task 4: Debtor management project 37
Assessment Task 4 Instructions 38
Assessment Task 4 Checklist 39
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
BSBFIM601 Manage finances Student Assessment Tasks
Version : 2.0 Last Updated : 07 May 2018 Next Update: 07 May 2019 Page 3 of 39
BSBFIM601 Manage finances Student Assessment Tasks
Assessment Information
The assessment tasks for BSBFIM601 Manage finances are included in this Student Assessment Tasks booklet and outlined in the assessment plan below.
To be assessed as competent for this unit, you must complete all of the assessment tasks satisfactorily.
Assessment Plan Assessment Task Overview
Written questions
You must correctly answer all questions
Financial management planning project
You must plan for financial management by reviewing financial data, as well as preparing budgets.
You must also communicate budgets and financial reporting requirements and delegations to managers.
Review budget project
You must review interim financial data and revise budgets as required.
Aged debtor project
You must review an aged debtor report and develop a report on best practice debtor management.
Assessment Preparation
Please read through this assessment thoroughly before beginning any tasks. Ask your assessor for clarification if you have any questions at all.
When you have read and understood this unit’s assessment tasks, print out the Student Assessment Agreement. Fill it out, sign it, and hand it to your assessor, who will countersign it and then keep it on file.
Keep a copy of all of your work, as the work submitted to your assessor will not be returned to you.
Assessment appeals
If you do not agree with an assessment decision, you can make an assessment appeal as per your RTO’s assessment appeals process.
You have the right to appeal the outcome of assessment decisions if they feel they have been dealt with unfairly or have other appropriate grounds for an appeal.
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
BSBFIM601 Manage finances Student Assessment Tasks
Version : 2.0 Last Updated : 07 May 2018 Next Update: 07 May 2019 Page 4 of 39
BSBFIM601 Manage finances Student Assessment Tasks
Naming electronic documents
It is important that you name the documents that you create for this Assessment Task in a logical manner.
Each should include:
 Course identification code
 Assessment Task number
 Document title (if appropriate)
 Student name
 Date it was created
For example, BSBFIM601 AT2 Finance Report Joan Smith 20/10/18
Additional Resources
You will be provided with the following resources before you begin each Assessment Task.
Assessment Task 2
 Cash Flow Statement 2016/17
 Estimated Costs and Income
 Finance Policy and Procedures
 Finance Report Template
 Profit and Loss 2016/17
 Strategic Business Plan
 Budget Forecast Template
Assessment Task 3
 Cash Flow Statement 2017/18
 Profit and Loss 2017/18
Assessment Task 4
Aged Debtors Report
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
BSBFIM601 Manage finances Student Assessment Tasks
Version : 2.0 Last Updated : 07 M…

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