In this writing assignment, you will be acting as an economic policy advisor. Your task is to read the scenario below, and do two things:
1) analyze the policy being considered using the analytical tools we have been developing in ECO200, and
2) write a brief, professional memo outlining your policy recommendation.
Remember to make the necessary changes once you submit your work through “turnitin” in order to make it 95% original.
1.0 Executive Summary
1.1 Objectives
2.0 Mission, Vision and Culture
2.1 Mission
2.2 Vision
2.3 Culture
3.0 Company Summary
3.1 Company Ownership
3.2 Start-up Summary
4.0 Market Opportunity Analysis and Research
4.1 Industry Analysis
4.2 Environmental Analysis
4.3 Competitive Analysis
5.0 Market Strategy and Plan
5.1 Products / Services
5.2 Pricing
5.3 Promotion
5.4 Place
6.0 Management and Operations
6.1 Management Team
6.2 Research and Development
6.3 Physical Location
6.4 Facilities
6.5 Inventory, Production, and Quality Assurance
7.0 Financial Analysis and Projections
7.1 Sources and Uses of Capital
7.2 Cash Flow Projections
7.3 Balance Sheet Projections
7.4 Income Statement Projections
7.5 Breakeven Analysis
7.6 Ratio Analysis
7.7 Risk and Assumptions
8.0 Funding Request and Exit Strategy
8.1 Amount and Type of Funds Requested
8.2 Exit Plan
8.3 Milestones
Compare and contrast the process/steps of threat modeling/vulnerability scanning in the following cloud service providers’ environments:
Assessment Information
The assessment tasks for FNSACC607 Evaluate business performance 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
1. Written questions You must correctly answer all questions.
2. Performance Report You must analyse data and prepare a performance report which analyses trends and evaluates operational performance.
3. Improvements project You must analyse data and make improvements to current processes.
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.
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, FNSACC607 Performance Report Joan Smith 20/10/19
Additional Resources
You will be provided with the following resources before you begin each Assessment Task.
Assessment Task 2
• Profit and Loss 2016/17
• Profit and Loss 2017/18
• Strategic Business Plan
• Budget Forecast 2017/18
• Cash Flow Statement 2016/17
• Cash Flow Statement 2017/18
• Estimated Costs and Income
• Finance Policy and Procedures
• Performance Report Template
Assessment Task 3
• Aged Debtor Monitoring
• Debtor Management Policy and Procedures Template
• Debtor Management Report Template
• Aged Debtor Report
Assessment Instructions
Each assessment task in this booklet consists of the following:
Assessment Task Cover Sheet
This must be filled out, signed and submitted together with your assessment responses.
If you are submitting hardcopy, the Cover Sheet should be the first page of each task’s submission.
If you are submitting electronically, print out the cover sheet, fill it out and sign it, then scan this and submit the file.
The Assessment Task Cover Sheet will be returned to you with the outcome of the assessment, which will be satisfactory (S) or unsatisfactory (U). If your work has been assessed as being not satisfactory, your assessor will include written feedback in the Assessment Task Cover Sheet giving reasons why. Your assessor will also discuss this verbally with you and provide advice on re-assessment opportunities as per
your RTO’s re-assessment policy.
Depending on the task, this may include
• resubmitting incorrect answers to questions (such as short answer questions and case studies)
• resubmitting part or all of a project, depending on how the error impacts on the total outcome of the task
• redoing a role play after being provided with appropriate feedback about your performance
• being observed a second (or third time) undertaking any tasks/activities that were not satisfactorily completed the first time, after being provided with appropriate feedback.
Assessment Task Information
This gives you:
• a summary of the assessment task
• information on the resources to be used
• submission requirements
• re-submission opportunities if required
Assessment Task Instructions
These give questions to answer or tasks which are to be completed.
Your answers need to be typed up using software as indicated in the Assessment Task Instructions.
Copy and paste each task’s instructions into a new document and use this as the basis for your assessment task submission. Include this document’s header and footer.
If you are submitting electronically, give the document a file name that includes the unit identification number, the task number, your name and the date.
Checklist
This will be used by your assessor to mark your assessment. Read through this as part of your preparation before beginning the assessment task. It will give you a good idea of what your assessor will be looking for when marking your responses.
Student Assessment Agreement
Make sure you read through the assessments in this booklet before you fill out and sign the agreement below.
If there is anything that you are unsure of, consult your assessor prior to signing this agreement.
Have you read the assessment requirements for this unit? • Yes • No
Do you understand the requirements of the assessments for this unit? • Yes • No
Do you agree to the way in which you are being assessed? • Yes • No
Do you have any specific needs that should be considered? • Yes • No
If so, explain these in the space below.
Do you understand your rights to re-assessment? • Yes • No
Do you understand your right to appeal the decisions made in an assessment? • Yes • No
Student name
Student number
Student signature
Date
Assessor name
Assessor signature
Date
Assessment Task 1 Cover Sheet
Student Declaration
To be filled out and submitted with assessment responses
• I declare that this task is all my own work and I have not cheated or plagiarised the work or colluded with any other student(s).
• I understand that if I am found to have plagiarised, cheated or colluded, action will be taken against me according to the process explained to me.
• I have correctly referenced all resources and reference texts throughout these assessment tasks.
Student name
Student ID number
Student signature
Date
Assessor declaration
• I hereby certify that this student has been assessed by me and that the assessment has been carried out according to the required assessment procedures.
Assessor name
Assessor signature
Date
Assessment outcome S NS DNS Resubmission Y N
Feedback
Student result response
• My performance in this assessment task has been discussed and explained to me.
• I would like to appeal this assessment decision.
Student signature
Date
A copy of this page must be supplied to the office and kept in the student’s file with the evidence.
Assessment Task 1: Written Questions
Task summary
This is an open book test, to be completed in the classroom.
A time limit of 1 hour to answer the questions is provided.
You need to answer all of the written questions correctly.
Your answers must be word processed and sent to the assessor as an email attachment.
Required
• Access to textbooks and other learning materials
• Computer with Microsoft Office and internet access
Timing
Your assessor will advise you of the due date of this assessment.
Submit
• Answers to all questions
Assessment criteria
All questions must be answered correctly in order for you to be assessed as having completed the task satisfactorily.
Re-submission opportunities
You will be provided feedback on their performance by the Assessor. The feedback will indicate if you have satisfactorily addressed the requirements of each part of this task.
If any parts of the task are not satisfactorily completed, the assessor will explain why, and provide you written feedback along with guidance on what you must undertake to demonstrate satisfactory performance. Re-assessment attempt(s) will be arranged at a later time and date.
You have the right to appeal the outcome of assessment decisions if you feel that you have been dealt with unfairly or have other appropriate grounds for an appeal.
You are encouraged to consult with the assessor prior to attempting this task if you do not understand any part of this task or if you have any learning issues or needs that may hinder you when attempting any part of the assessment.
Written answer question guidance
The following written questions use a range of “instructional words” such as “identify” or “explain”, which tell you how you should answer the question. Use the definitions below to assist you to provide the type of response expected.
Note that the following guidance is the minimum level of response required.
Analyse – when a question asks you to analyse something, you should do so in detail, and identify important points and key features. Generally, you are expected to write a response one or two paragraphs long.
Compare – when a question asks you to compare something, you will need to show how two or more things are similar, ensuring that you also indicate the relevance of the consequences. Generally, you are expected to write a response one or two paragraphs long.
Contrast – when a question asks you to contrast something, you will need to show how two or more things are different, ensuring you indicate the relevance or the consequences. Generally, you are expected to write a response one or two paragraphs long.
Discuss – when a question asks you to discuss something, you are required to point out important issues or features and express some form of critical judgement. Generally, you are expected to write a response one or two paragraphs long.
Describe – when a question asks you to describe something, you should state the most noticeable qualities or features. Generally, you are expected to write a response two or three sentences long.
Evaluate – when a question asks you to evaluate something, you should put forward arguments for and against something. Generally, you are expected to write a response one or two paragraphs long.
Examine – when a question asks you to examine something, this is similar to “analyse”, where you should provide a detailed response with key points and features and provide critical analysis. Generally, you are expected to write a response one or two paragraphs long.
Explain – when a question asks you to explain something, you should make clear how or why something happened or the way it is. Generally, you are expected to write a response two or three sentences long.
Identify – when a question asks you to identify something, this means that you are asked to briefly describe the required information. Generally, you are expected to write a response two or three sentences long.
List – when a question asks you to list something, this means that you are asked to briefly state information in a list format.
Outline – when a question asks you to outline something, this means giving only the main points, Generally, you are expected to write a response a few sentences long.
Summarise – when a question asks you to summarise something, this means (like “outline”) only giving the main points. Generally, you are expected to write a response a few sentences long.
Assessment Task 1 Instructions
Provide answers to all of the questions below:
1. Identify the main principles of capital budgeting and investment analysis.
2. Describe the payback period method.
3. Describe the net-present value method.
4. Describe the internal rate of return method.
5. Describe the accounting rate of return method.
6. Describe the key principles of valuation.
7. Describe three valuation techniques.
8. Describe the cost-benefit analysis process.
9. Describe three statistical analysis ratios that are commonly used by accountants.
10. Discuss four situations that could be a conflict of interest when working as an accountant.
11. Discuss the relationship between an accountant and their client in relation to confidentiality if the accountant is engaging in outsourcing.
12. Discuss the legal duty of disclosure and provide an example of when this may be required.
Assessment Task 1 Checklist
Student’s name:
Did the student provide a sufficient and clear answer that addresses the suggested answer for the following? Completed successfully Comments
Yes No
Question 1
Question 2
Question 3
Question 4
Question 5
Question 6
Question 7
Question 8
Question 9
Question 10
Question 11
Question 12
Task Outcome: Satisfactory • Not Satisfactory •
Assessor signature
Assessor name
Date
Assessment Task 2 Cover Sheet
Student Declaration
To be filled out and submitted with assessment responses
• I declare that this task is all my own work and I have not cheated or plagiarised the work or colluded with any other student(s).
• I understand that if I am found to have plagiarised, cheated or colluded, action will be taken against me according to the process explained to me.
• I have correctly referenced all resources and reference texts throughout these assessment tasks.
Student name
Student ID number
Student signature
Date
Assessor declaration
• I hereby certify that this student has been assessed by me and that the assessment has been carried out according to the required assessment procedures.
Assessor name
Assessor signature
Date
Assessment outcome S NS DNS Resubmission Y N
Feedback
Student result response
• My performance in this assessment task has been discussed and explained to me.
• I would like to appeal this assessment decision.
Student signature
Date
A copy of this page must be supplied to the office and kept in the student’s file with the evidence.
Assessment Task 2: Performance Report
Task summary
This assessment task requires as student to analyse data and prepare a performance report which analyses trends and evaluates operational performance.
This assessment is to be completed in the simulated work environment in the RTO.
Required
• Access to textbooks and other learning materials
• Computer with Microsoft Office and internet access
• Profit and Loss 2016/17
• Profit and Loss 2017/18
• Strategic Business Plan
• Budget Forecast 2017/18
• Cash Flow Statement 2016/17
• Cash Flow Statement 2017/18
• Estimated Costs and Income
• Finance Policy and Procedures
• Performance Report Template
Timing
Your assessor will advise you of the due date of these submissions.
Submit
• Email with performance report attached
Assessment criteria
For your performance to be deemed satisfactory in this assessment task, you must satisfactorily address all of the assessment criteria. If part of this task is not satisfactorily completed, you will be asked to complete further assessment to demonstrate competence.
Re-submission opportunities
You will be provided feedback on their performance by the Assessor. The feedback will indicate if you have satisfactorily addressed the requirements of each part of this task.
If any parts of the task are not satisfactorily completed, the assessor will explain why, and provide you written feedback along with guidance on what you must undertake to demonstrate satisfactory performance. Re-assessment attempt(s) will be arranged at a later time and date.
You have the right to appeal the outcome of assessment decisions if you feel that you have been dealt with unfairly or have other appropriate grounds for an appeal.
You are encouraged to consult with the assessor prior to attempting this task if you do not understand any part of this task or if you have any learning issues or needs that may hinder you when attempting any part of the assessment.
Assessment Task 2 Instructions
Carefully read the following:
Grow Management Consultants specialises in leadership consultancy. It has been operational for five years. The company offers a range of services to assist companies to assess leadership behaviour of existing managers and performance metrics. They also design and implement customised leadership programs based on the assessment. Services are offered Australia-wide.
The company employs a General Manager (you), two Principal Consultants (who are also Directors), one Senior Consultant, an Administration Officer and a Receptionist.
The company used to offer regular professional development workshops on all aspects of leading and managing staff. The workshops were conducted every 3 months in Sydney, Brisbane and Melbourne. In 2016/17, the company ran a total of 36 workshops. The company also produced an E-book about leadership techniques.
During 2017/18 the workshops were replaced with an annual conference, as the workshops were not well attended. Client feedback and continued business indicates that a personalised, company-focused approach in the form of consulting services is the service of choice and an annual conference was held to better support this.
The E-book has had reasonable sales, but there needs to be a wider selection of books, as well as more marketing. The plan was to generate $10,000 worth of sales for the e-books during the 2017/18 financial year and to increase that over time.
As the General Manager for the company with responsibility for finances, you are required to analyse organisational performance and trends to evaluate the business operations, develop performance indicators and identify options for improvement.
One of the Principal Consultants also wants you to do some figures and analyse whether a new venture might prove to be worthwhile. A competitor consultant who focuses on the development and sale of leadership and management books and motivational authors is retiring and is looking at selling his business. He has approached Grow Management to see if there is any interest in buying his company. The Principal Consultant has provided you with the following figures:
• Initial investment: $255,000
• Expected monthly income: first year: $15,000
• Expected monthly income: second year: $25,000
Complete the following activities:
1. Review business data
Begin by reviewing the company’s Strategic Business Plan and Finance Policy and Procedures.
Then analyse the financial data in the following documents:
• Profit and Loss 2016/17
• Profit and Loss 2017/18
• Budget Forecast 2017/18
• Cash Flow Statement 2016/17
• Cash Flow Statement 2017/18
• Estimated Costs and Income
2. Prepare a performance report for the directors.
Based on your analysis, develop a report that includes:
• Review of overall performance and gross/net profit margins.
• Calculation of variation in actual versus budgeted amounts for each income source.
• Calculation of variation in actual versus budgeted costs.
• Identify the discrepancies between agreed budget allocations for the conference and the actual figures
• Recommended revisions to the 2019 conference budget.
• Proposed conference fee for the 2019 conference assuming attendance of 70 people and to make a profit of at least 20%. Show your calculations.
• Evaluation of variations against trends
• Evaluation of strategic objectives and if these are being met
• Research on current business environmental factors in relation to property investment for the business
• Evaluation of new investment option to determine the payback period and the return on investment
• Development of performance indicators.
Use the Performance Report Template to guide your work.
3. Send an email to the Principal Consultant (your assessor)
The text of the email should be in grammatically correct English, written in an appropriate (polite, business-like) style.
It should introduce and summarise the contents of the attachment and ask for their feedback.
Attach your Performance Report to the email.
Assessment Task 2 Checklist
Student’s name:
Did the student: Completed successfully Comments
Yes No
Analyse the business information to review overall performance and gross/net profit margins?
Calculate variations in actual versus budgeted amounts for each income source?
Analyse cost variations in actual versus budgeted costs?
Identify discrepancies between forecasted and actual budget for the conference held?
Recommend revisions to the conference budget and propose a new conference fee in line with analysis?
Analyse trends and variations and assess trends in relation to strategic business objectives?
Report on the current economic environment and comment on how environment may be conducive to investment opportunities?
Perform capital budgeting techniques by working out payback period and return on investment for the new venture.
Develop performance indicators for the business based on evaluations?
Task Outcome: Satisfactory • Not Satisfactory •
Assessor signature
Assessor name
Date
Assessment Task 3 Cover Sheet
Student Declaration
To be filled out and submitted with assessment responses
• I declare that this task is all my own work and I have not cheated or plagiarised the work or colluded with any other student(s).
• I understand that if I am found to have plagiarised, cheated or colluded, action will be taken against me according to the process explained to me.
• I have correctly referenced all resources and reference texts throughout these assessment tasks.
Student name
Student ID number
Student signature
Date
Assessor declaration
• I hereby certify that this student has been assessed by me and that the assessment has been carried out according to the required assessment procedures.
Assessor name
Assessor signature
Date
Assessment outcome S NS DNS Resubmission Y N
Feedback
Student result response
• My performance in this assessment task has been discussed and explained to me.
• I would like to appeal this assessment decision.
Student signature
Date
A copy of this page must be supplied to the office and kept in the student’s file with the evidence.
Assessment Task 3: Improvements project
Task summary
In this assessment task, you will need to analyse data and make improvements to current processes.
This assessment is to be completed in the simulated work environment in the RTO.
Required
• Access to textbooks and other learning materials
• Computer with Microsoft Office and internet access
• Aged Debtor Monitoring
• Debtor Management Policy and Procedures Template
• Debtor Management Report Template
• Aged Debtor Report
• Finance Policy and Procedures
Timing
Advise the student of the due date of these submissions.
Submit
• Email with aged debtor management report attached
• Email with debtor management policy and procedures attached
• Email with aged debtor monitoring analysis
Assessment criteria
Students must complete all of the activities listed and will be assessed against the assessment criteria included in the checklist included with this task.
Re-submission opportunities
If a student submits work that is not satisfactory, the assessor will provide written feedback explaining why, as well as timelines for resubmission.
Assessment Task 3 Instructions as provided to students
Carefully read the following:
The company’s directors have read your performance report and recommendations and are happy with what you have prepared for them.
They have asked you to look at the debtor management system, as this is an area that is likely to inhibit cash flow in the future.
Complete the following activities:
1. Write a debtor management report.
Review the Aged Debtor Report, noting that the company’s usual terms are payment 10 days from invoice.
Using the Internet, research best practice debtor management and make notes on your findings.
Your report should be approximately 1 page.
Provide a report for your CEO based on your analysis that includes:
• A summary: give your interpretation of the information in the aged debtor report.
• Good practice debtor management
• Develop at least five recommendations that could be adopted by the company in response to your analysis. This will also be based on the debtor management research you conducted.
Use the Debtor Management Report Template to guide your work.
2. Send an email to the Principal Consultant (your assessor).
The text of the email should be in grammatically correct English, written in an appropriate (polite, business-like) style.
It should introduce and summarise the contents of the attachment and seek their approval to implement best practice debtor management processes.
Attach your Debtor Management report to the email.
In response to your recommendations, the Principal Consultant has asked you to develop a debtor management policy for the company. The objectives and procedures should be developed and implemented in relation to customer invoices.
3. Establish new organisational objectives, policy and procedures.
You are required to develop and debtor management policy and procedures for Grow Management Consultants’ customer payments.
The procedures should include a range of simple steps, from a friendly reminder to sending a formal letter of demand. It should be should be approximately one-page long.
After formal approval it will be inserted at the end of the company’s Finance Policy and Procedures.
Use the Debtor Management Policy and Procedures Template to guide your work.
4. Send an email to the Administration Officer (your Assessor)
The text of the email should be in grammatically correct English, written in an appropriate (polite, business-like) style.
The email text should request a meeting to discuss the changes that are being made to the company’s debtor recovery procedures.
The text should ask them to review the attachment prior to the meeting.
Attach your debtor management policy and procedures to the email.
5. Participate in a meeting with the Administration Officer (your assessor).
You are required to discuss the debt recovery procedures that you have developed with the Administration Officer. They will be implementing the changes from that meeting onwards, so both of you have to be clear on what the procedure will be.
During the meeting you will be required to demonstrate effective communication skills including:
• Speaking clearly and concisely
• Using non-verbal communication to assist with understanding
• Asking questions to identify required information
• Responding to questions as required
• Using active listening techniques to confirm understanding.
it is six months later, and you have received a monitoring summary of the company’s current aged debts to determine the effectiveness of the new debtor management procedure implementation.
6. Monitor debtor management procedures
Review the Aged Debtor Monitoring.
Compare it against the Aged Debtor Summary to determine the effectiveness of the new debtor management procedures.
7. Send an email to the Principal Consultant (your assessor).
The text of the email should be in grammatically correct English, written in an appropriate (polite, business-like) style.
It should summarise your findings regarding your analysis of the Aged Debtor Monitoring.
Assessment Task 3 Checklist
Student’s name:
Did the student: Completed successfully Comments
Yes No
Correctly identify issues in the aged debtor report to identify factors inhibiting performance?
Analyse and report on the effectiveness of financial management processes in relation to debtor management to minimise or eliminate factors that may inhibit performance?
Document options and recommendations for appropriate improvements to debtor management practices to improve business performance?
Establish new organisational objectives, policy and procedures in relation to debtor management to improve cash flow?
Communicate changes in process to Administration Office via email and informing them of meeting to discuss?
During the meeting, demonstrate effective communication skills including:
• Speaking clearly and concisely
• Using non-verbal communication to assist with understanding
• Asking questions to identify required information
• Responding to questions as required
• Using active listening techniques to confirm understanding
Monitor the performance of the debtor management processes implemented?
ASSESSMENT BRIEF
Subject Code and Title PROJ 6000: Principles of Project Management
Assessment Assessment 4 – Personal Reflection
Individual/Group Individual
Length 1500 words
Learning Outcomes Successful completion of this assignment will result in achievement of the following subject learning outcomes:
1. Understand PMBOK knowledge areas and process groups and their role, relevance and impact on project management best practice and PMI’s Code of Ethics.
2. Critically compare and contrast project management approaches and their appropriateness for managing a variety of project types.
3. Apply appropriate project management tools and techniques, paying particular attention to risk management.
4. Critically reflect on the leadership styles necessary to succeed in a range of project management situations, and their personal capacity to succeed in those situations.
Submission By 11:55pm AEST/AEDT Sunday First Half of Module 6
Weighting 20%
Total Marks 20 marks
Context:
At the beginning of your learning journey on this subject, you were encouraged to reflect on your learning experience and knowledge obtained from the learning modules through discussions and participation. This assessment will provide an opportunity for you to reflect on your learning, document lessons learned, identify global project management practices you hope to adopt in your career. In short, your reflection is a tool for developing knowledge and professionalism in all matters relevant to you as a project manager and leader.
PROJ6000_assessment 4 brief_November
2018.docx Page 1 of 4
Instructions:
By the first half of Module 6, you will be required to submit a 1500-word reflection of your learning throughout the subject using the given/approved case study.
Your reflection should include project management knowledge you have gained throughout the previous learning modules in this subject and appropriate use of additional resources related to this assessment.
Based on what you have learnt in this subject, describe project management practices, implementation and competencies of the project team that result in success and/or failure in the given project. Critically analyse how you could do to enhance or improve success rate of the project.
Include references to readings and additional resources discovered.
Output and Submission:
Submit your completed assessment at the first half of Module 6.
Assessment Criteria
This assessment will be graded using the Learning Rubric below. It is worth 20% of the marks available for this subject.
Learning Rubrics
Assessment
Attributes Fail
(0-49) Pass
(50-64) Credit
(65-74) Distinction
(75-84) High Distinction
(85-100)
Effective
communication Difficult to understand for audience, no logical/clear structure, poor flow of Information, arguments and Information, arguments and Information, arguments and Expertly presented; the presentation is
25% ideas, argument lacks supporting evidence. evidence are presented in a way that is not evidence are well presented, mostly evidence are very well presented, the logical, persuasive, and well supported
No effort is made to keep audience engaged, audience cannot follow the always clear and logical. clear flow of ideas and arguments. presentation is logical, clear and well supported by by evidence,
demonstrating a clear flow of ideas and
line of reasoning. Attempts are made to keep the audience The audience is mostly engaged. evidence. arguments.
engaged, but not always successful. Line of reasoning is often difficult to follow. Line of reasoning is easy to follow. Engages the audience, demonstrates cultural sensitivity. Engages and sustains audience’s interest in the topic, demonstrates high levels of cultural sensitivity.
Knowledge and Limited understanding of required Knowledge or Thorough Highly developed A sophisticated
understanding concepts and knowledge understanding of the knowledge or understanding of the understanding of the
25% Key components of the assignment are field or discipline. understanding of the field or field or discipline/s. field or discipline/s.
not addressed. Resembles a recall or discipline/s. Discriminates Systematically and
summary of key ideas. Supports personal opinion and between assertion of personal opinion and critically discriminates between assertion of
Often information information personal opinion and
conflates/confuses substantiated by substantiated by information
assertion of personal evidence from the robust evidence from substantiated by
opinion with information research/course materials. the research/course robust evidence from the research/course
substantiated by materials and materials and
evidence from the research/course Demonstrates a capacity to explain extended reading. extended reading.
materials. and apply relevant concepts. Well demonstrated capacity to explain and apply relevant concepts. Mastery of concepts and application to new situations/further learning.
Reflection No attempt to demonstrate Little to no attempt to Inconsistently The reflection The reflection
connections to previous learning or demonstrate draws connections demonstrates demonstrates
50% experience. connections between between the connections between connections between
learning experience experience and the experience and the experience and
and material. materials. materials. material from other courses; past
Analysis is defensive or Sometimes Demonstrates a non- experiences; and/or
lack of depth. defensive or one- sided in analysis. defensive ability to critically appraise and discuss on the topics. personal goals.
Demonstrates an open, non-defensive ability to critically appraise and discuss on the topics.
1: QUESTIONS (PART B)
TASK SUMMARY:
You are to answer ALL the questions provided in Part A (completed in class) and in this
task – Part B
WHATDO I NEED IN ORDERTO COMPLETETHISASSESSMENT?
· Access to textbooks and other learning materials.
n Access to a computer and the Internet (if you prefer to type your answers).
WHAT 00 I NEED TO DO IF I GET SOMETHING WRONG?
If your assessor marks any of your answers as incorrect, they will talk to you about resubmission. You will need to do one of the following.
· Answer the questions that were incorrect in writing.
· Answer the questions that were incorrect verbally.
INSTRUCTIONS:
For the assessments to be completed in class:
· They are closed-book assessments,
· you must answer the questions by writing in the assessment task; you may attach additional answer sheet. if required .
· For the assessments to be completed after class:
· They are open-book assessments.
· You must submit your answer electronically or via email to your trainer.
· You must answer all questions in the tasks correctly.
· One-word responses will not be accepted as a suffice answer.
· Where word limits are indicated on certain questions. it is normally acceptable to be 10% above or below the indicated word limit, unless the trainer/assessor tells you otherwise.
QUESTION 1
What are the due dates. in each financial year, for lodging Business Activity Statements (BAS) for a business with a turnover of less than $20 million?
QUESTION 2
Go to ATO website- https://www.ato.gov.au and find out:
a. What type of organisations need to register for GST?
b. How many years must businesses keep their records?
What do I need to hand in forthis task? Have I completed this?
Your answers to each question 0
BSBFI M501 Manage budgets and financial plans
Student Assessment Booklet
Version 3.1 November 2019, Approved Quality assurance & Compliance Manager
Pan Bird Pty Ltd t/a Tr4in Right I RTO Code 222811 CRICOS Code 03618G Page 14 of 28
ASSESSMENT TASK 2: BUDGET PLANNING PROJECT
TASK SUMMARY:
You are to answer ALL the questions provided in Part A (completed in class) and in this task – Part B
WHAT D01 NEED IN ORDER TO COMPLETE THIS ASSESSMENT
§ Access to textbooks and other Learning materials
· Access to a computer and the Internet
· Master Marketing Budget Template (provided by your assessor). WHAT DO I NEED TO SUBMIT?
· Part A: Minutes of Meeting /PPT slides / email confirming outcome of then meeting.
· Part B :Your completed budget using MS Excel
WHAT DO I NEED TO DO IF I GET SOMETHINGWRONG?
if your assessor marks any part of your budget as incorrect, they will give you some feedback and talk to you about resubmission.
If your assessor sees that you have not shown appropriate skills or knowledge. theywilt give you some feedback and you will need to do the specific task again.
INSTRUCTIONS:
PART A: ROLE PLAY MEET WITH THE CEO
King Edward VII College has been operating for 5 years The College is based in Melbourne CBD and has an additional campus in Sydney. The College offers a range of courses in management, marketing. human resources and international business and currently has around 500 students enrolled across all of its courses, Courses are offered at all levels from Certificate II to Graduate Diploma. The College is very popular due to its competitive pricing structure, innovative teaching methods and state of the art facilities.
The College currentlyemploys 24 staff members that include the CEO. a Marketing Managerand Marketing Assistant Promotions Officer. Human Resources Manager Operations and Finance Manager. Administration Manager. Office Assistant, Receptionist, Academic Manager Student Services Officer and approximately14 trainers.
As the Marketing Manager for the company, you are allocated a budget each year to spend on marketing.
This year the budget you have been allocated is $25,000, which is approximately l0% of revenue. Your budget does not include salaries and wages of staff. which is accounted for through another cost centre.
Your marketing plan for the year includes the activities below. The amounts in brackets are your cost projections for each activity
Redesign website to improve branding ($5.000)
Design and implement an incentive scheme for referrals by students ($2.400) Conduct a radio advertising campaign 010.000
Online communications – newsletters. websites, blogs. Twitter (zero – staff time only) Stand at VCE Careers Expo 2016 (Stand package $3.300)
Develop and publish 2016 promotional brochure ($1.500)
Sponsor community organisation to improve local community profile ($2,000)
BSBAM501 Manage budgets and financial plans
Student Assessment Booklet
Version 3.1 November 2019, Approved Quality assurance & Compliance Manager
Pan Bird Pty Ltd t/a Tr4ifl Right I RIO Code 22281 I CRICOS Code 03618G Page 16 of 28
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Contingency amount ($800) You would also like to conduct a7V advertising campaign and have been quoted a price of $30.000to run the campaign. As this is obviously well over the budget limit. you need to negotiate an increase in budget in 0.rder to fits negotiate this increase you will need to research and present an argument for using TV advertising and its bene for the company.
Complete the following activities:
1. Review the case study information provided to you (if you are not working. use your knowledge of your own
organisation and the budget allocated to your work team for the year).
2.
Based on amounts allocated to each marketing activity, complete the budget template provided to you by your assessor. if you are working you may complete your own budget templates.
4. Participate in a meeting with your CEO (role-played by your assessor) to discuss the marketing budget. At the meeting, you will need to:
provide a copy of your completed budget to the CEO explain each of the planned marketing activities
n confirm the amount allocated to each of the marketing activities. including the amount allocated for contingencies
n negotiate to increase the budget to accommodate the 1V advertising campaign you wish to run (as per the case study information. you wilt need to present the benefits of television advertising to convince the CEO)
Note: Where this meeting is conducted in the workplace, the requirements discussed wilt relate to the workplace project and the resource requirements. You will also need to identify a required budget increase and negotiate for this at a meeting about your budget with your senior manager.
5. During the meeting. you will need to demonstrate effective communication skills including:
· asking questions to identify required information
n responding to questions as required
· using active listening techniques to confirm information
6. Following the meeting. send a copy of the final budget to your assessor.
PART B: MEET WITH TEAM TO DISCUSS BUDGET
1. Meet with your team to discuss the budget.
2. During the meeting, you will need to demonstrate effective communication skills. including:
· asking questions to identify required information
· responding to questions as required
· using active listening techniques to confirm information
3. At the meeting you will need to:
discuss the overall budget allocation
· discuss the amounts allocated to each marketing activity
· discuss contingency plans
· provide an outline of the financial management policies and procedure
What do I need to hand in for this task? Have I completed this?
Part A: Minutes of the meeting /PPT slides /email 0
Part B :Your completed budget using MS Excel 0
BSBFIM501 Manage budgets and financial plans
Student Assessment Booklet
Version 3.1 November 2019, Approved Quality assurance & Compliance Manager
Pan Bird Pty Ltd t/a Tr4 in Right 1 RTO Code 222811 CRICOS Code 03618G Page 17 of 28
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ASSESSMENT TASK 3: MONITOR AND CONTROL FINANCE PROJECT
TSK SUMMARY:This assessment task requires you to monitor and control finances for the marketing department for King Edward VII College and provide a budget and
expenditure report to the CEO.
WHAT DO I NEED IN ORDER TO COMPLETE THIS ASSESSMENT?
· Access to textbooks and other learning materials
n Access to a computer and the Internet
· Actual figures – Marketing 2015-16 document (provided by your assessor)
n Financial policy and procedure (provided by your assessor).
WHAT DO I NEED TO SUBMIT FOR THIS TASK?
· Completed budget
· Your report
WHAT DO 1 NEED TO DO IF 1 GET SOMETHING WRONG?
If your assessor marks any part of your budget as incorrect, they will give you some feedback and talk to you about resubmission.
INSTRUCTIONS:
As per the company policy, you are responsible for monitoring and recording expenditure each month. Imagine that the finance department has provided you a report on expenditure for 2015-2016.
Your assessor wilt provide you with these figures. There will also be some notes included to assist you to complete this task.
Note that the company deems a standard variance in budgets of up to 5% acceptable.
Note: If you are completing this assessment task in the workplace you will need to access budget information for your work team and use it to complete this task.
1. Enter the amounts into your budget under actual expenses.
2. Identify any expenditure overruns.
3. Report on the budget and expenditure including:
a) projected budget and actual budget and variations
b) overall levet of variance. as well as variance for individual marketing activities
c) reasons for overruns
d) proposed solutions for following years budget
4. You should also provide a copy of the budget showing projected, as welt as actual figures. Send both the report and the budget to your assessor.
What do I need to hand in for this task? Have I completed this?
Completed budget 0
Your report 0
1358F1M501 Manage budgets and financial plans
Student Assessment Booklet
Version 3,1 November 2019, Approved Quality assurance & Compliance Manager
Pan Bird Pty Ltd t/a Tr4in Right I RTO Code 22281.1CRICOS Code 03618G Page 20 of 28
TR4INKIUHT
ASSESSMENT TASK 4: PROFIT AND LOSS REVIEW PROJECT
TASK SUMMARY
This assessment task requires you to assume a different rote as Operations Manager for
King Edward VII College and report on an interim profit and toss account
WHAT DO I NEED TO SUBMIT FOR THIS TASK?
· Profit and Loss analysis Report
WHAT DO I NEED TO DO IF 1 GET SOMETHING WRONG?
If your assessor marks any part of your assessment as incorrect, they will give you feedback and an appropriate time to resubmit your work.
INSTRUCTIONS:
Imagine you are reviewing the College’s performance for the last six months.
You will be provided with a profit and loss account for re view, which you will be required to analyse and provide a report to the CEO outlining performance in relation to the budget.
1. Analyse the information provided in the interim profit and toss account including:
· Calculation of net profit or Loss for each Campus
n Calculation of variances between actuals and budgeted expenses noting that variances of up to and including 5% are acceptable and do not need to be reported on
Note: If you are completing this assessment task using a workplace project, you will need to analyse an interim profit and toss account in order to monitor and review profit and productivity performance.
2. Based on your analysis of the profit and loss account, develop a short report to send to the CEO that:
a) Outlines financial performance based on the figures in the profit and toss account
b) Identifies variances higher than 5%
c) Compare the performance of each campus
d) Recommend solutions in relation to expenditure items where variances are higher than 5%.
iWhat do I need to hand in for this task?
1358FIM501 Manage budgets and financial plans
Student Assessment Booklet
Version 3.1 November 2019, Approved Quality assurance & Compliance Manager
Pan Bird Pty Ltd tfa Tr4in Right I RTO Code 22281 I CRICOS Code 03518G Page 22 of 28
ASSESSMENT TASK 5: DEBTOR MANAGEMENT PROJECT
TASK SUMMARY:
This assessment task requires you to review and evaluate financial management processes
WHAT DO I NEED IN ORDER TO COMPLETE THIS ASSESSMENT?
· Access to textbooks and other learning materials
· Access to a computer and the Internet
· Aged debtors report.
WHAT DO I NEED TO SUBMIT?
· Your Report
WHEN DO I DO THIS TASK?
· You will do this task in the classroom or as homework – your assessor will advise.
· Write in the due date as advised by your assessor:
WHAT DO I NEED TO DO IF I GET SOMETHING WRONG?
If your assessor marks any part of your assessment as incorrect. they will. give you feedback and an appropriate time to resubmit your work.
INSTRUCTIONS:
1. Review the aged debtor report provided to you by your assessor. Analyse the information in the report. Note that the company’s usual terms are payment 14 days from invoice.
2. Research best practice debtor management.
3. Provide a report for your CEO (your assessor) based on your analysis. Your report should include:
a) An outline of the information in the aged debtor report
b) What this says about the company’s aged debtor processes
c) Develop at Least 5 recommendations that could be adopted by the company in response to your analysis. This should be based on the debtor management research you conducted.
4. Send your report to your CEO (assessor) seeking approval to implement best practice debtor management processes. Your report should be approximately one page.
What do I need to hand in for this task? Have I completed this?
Your report
BSBFIM501 Manage budgets and financial plans
Student Assessment Booklet
Version 3.1 November 2019, Approved Quality assurance & Compliance Manager
Pan Bird Pty Ltd t/a Tr4in Right I RTO Code 222811 CRICOS Code 03618G Page 24 of 28
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ASSESSMENT TASK 6: CASE STUDY
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TASK SUMMARY
For this task you are required to review the case study and answer all the questions.
RESOURCES AND EQUIPMENT REQUIRED TO COMPLETE THIS ASSESSMENT
· Access to textbooks and other learning materials
§ Access to a computer with Internet and software such as Microsoft Office.
WHAT DO I NEED TO SUBMIT? Your responses to all questions
INSTRUCTIONS
Read the case study below and complete all activities.
CASE STUDY
You recently joined as a manager in Computech Electronics selling PCs, laptops, and computer accessories
in the South Eastern area of Melbourne. You have been asked by the management to prepare budget for the organisation.
Steve, office assistant has been the one handling the accounts and has noticed a few worrying trends:
New competition has recently increased and Computech Electronics is losing market share. They have been experiencing continuous cash flow issues, which means they have a shortage of cash when it comes to
paying monthly and quarterly bills. Computech Electronics’ long term goal is to take back their market share and bring the cash balance back to surplus.
Steve has advised you that company would be having following budget objectives:
· Increasing sales by 10% over a 12 month period
· increasing market share by 10%
· Bring back cash balance to surplus, so we can stop paying overdraft interest to the bank.
You need to answer following questions based on above scenario:
1. How would you access past budget and financial plans for Computech Electronics?
2. Which personnel would you need to consult and what issues might need to be addressed?
3. What is the purpose of a contingency plan? List any two possible contingencies related to Computech Electronics.
BSBFIM501 Manage budgets and financial plans
Student Assessment Booklet
Version 3.1 November 2019, Approved Quality assurance & Compliance Manager
Pan Bird Pty Ltd t/a Tr4in Right I RTO Code 22281 I CRICOS Code 03618G Page 26 of 28
TR41NRIGHT
4. How would you communicate with relevant people to clarify budget, negotiate changes and disseminate information
5. Identify what type of support your staff members may require so that they can stick to the budget and achieve budget objectives.
6.
a. Identify at least 2 resources to manage financial management processes?
b. What reporting systems you would follow to manage financial management processes?
7. How often expenditures should be monitored once a budget has been implemented?
8. What processes are involved in the monitoring of a contingency plan?
9. Name 2 financial reports you might generate from your accounting system to check your budget against actual income or expenditure.
10. What financial data and information an organisation should collect and collate to judge effectiveness of financial management processes?
11.
a. What do you mean by budget variance?
b. List 5 factors that can cause variances in a Payroll budget.
12. When revenue variances occur, why should you talk to the staff to help identify, and find options to address the issue?
13. In order to bring the budget back to surplus, what are the options and how would you implement it?
The purpose of this project is to get your hands dirty working with real data. If you have a data
set that is appropriate to use from your own work experience, please feel free to do so. If not,
there are numerous free data sources covering a wide variety of topics. Two excellent starting
points are
https://www.data.gov/ and
https://www.kaggle.com/datasets (You will need to register
to access Kaggle data, but it’s free).
The finished product, or deliverable, is a 2-3 page report along with a spreadsheet containing the
data you used in your project. The report will need to include the following elements: 1) A clear
definition of the question you are trying to answer, 2) Some type of graph, table, or chart that
summarizes or explains what you are investigating, 3) Analysis of the data using the methods we
have discussed in class, or some other method that you have discussed with me, 4) A conclusion
that answers the “So what?” question. The report should look neat and professional. You are
under no obligation to use Excel or R.
Why is it important to develop an empathetic relationship with a client with a substance use disorder? How would you challenge behaviors and thoughts that are not recovery promoting and how would you provide information to them relating to substance use disorder and treatment? Just need 135 words
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