Trainers Assessment Resource M.S Aviation Pty Ltd trading as Australian School of Commerce XXXXXXXXXXPage 1 of 6 Australian School of Commerce CRICOS Provider Code: 03489A www.asoc.edu.au STUDENT...

ProjectSubject: Manage Financial Resources
PFA the assignment and material for this unit. The due date of the assignment will be the last date of this unit. Kindly tally the dates with your time table. The written test will be conducted on 6th September'19.


Trainers Assessment Resource M.S Aviation Pty Ltd trading as Australian School of Commerce Page 1 of 6 Australian School of Commerce CRICOS Provider Code: 03489A www.asoc.edu.au STUDENT ASSESSMENT INFORMATION BSBFIM801 Manage Financial Resources Unit Description: This unit describes the skills and knowledge required to manage financial resources in a complex environment for a substantial business unit or organisation. Leaders are typically required to forecast future financial resource needs, analyse current asset performance and capacity to a standard expected in a commercial environment, and to set business targets. There is a requirement to manage compliance mechanisms, to manage financial risk within agreed plans and mechanisms, and to monitor compliance with financial projections. It applies to the management of financial resources relating to complex and diverse operations or projects and is an important aspect of work for managers or leaders. It may relate equally to small-scale activities within a small to medium-sized organisation or a significant activity in a large organisation. No licensing, legislative or certification requirements apply to this unit at the time of publication. Unit Sector: Finance – Financial Management METHOD OF ASSESSMENT Assessment 1 Project Assessment 2 Written Assessment M.S Aviation Pty Ltd trading as Australian School of Commerce Page 2 of 6 Australian School of Commerce CRICOS Provider Code: 03489A www.asoc.edu.au ASSESSMENT INFORMATION Objective of Assessment The primary objective of assessment is to support and encourage your learning. Assessment results give the assessor an indication of how well you learnt in class and or areas you may need extra support. Assessment Feedback and support throughout the Assessment Progress Your assessor will give you feedback throughout the duration of the unit you are studying and after assessment results. The feedback given to you will always be to support your achievements and to monitor your progress throughout your studies. Supporting for you in the Assessment Process The assessment processes selected by the assessor should offer the participant the appropriate level of support. While some participants will not require a great deal of support, there will be others with particular needs. If the assessor is aware of these needs, he or she will be better able to assist participants to identify their skills. Participants will then feel more confident as they prepare for assessment – enabling them to focus on providing evidence against the specified criteria in a way that is known to be acceptable to the assessor Assessment eligibility To be eligible to sit in assessment you must have satisfactory course progress. If you do not have satisfactory course progress you need to get an approval from academic department which allow you to sit in your assessment Achieving a satisfactory result  You will have 3 attempts to achieve a satisfactory outcome in your assessment.  Should you not be successful in your attempt your assessor will provide directive feedback to guide to success in your second attempt.  Should further assistance be required your assessor will provide you with one on one tutoring and or extra classes may be organised for you to attend.  Assessment reasonable adjustment may be exercised by your assessor at their discretion  If you are not successful in your first 3 assessment attempts, you will be required to pay for any consecutive attempts. Cheating and plagiarism Australian School of Commerce (ASOC) will not tolerate Cheating and plagiarism from any student. Listed below are actions that can and will be taken against you in the event you are caught cheating or plagiarising work.  If you are caught cheating twice or more, you will be required to pay for your re-assessment  You will be asked to leave the classroom  Your cheating/plagiarism will be recorded in your student academic file Assessor Intervention and reasonable adjustment In the situation where you or your assessor feel that extra support needs to be given, your assessor will organise a time to meet with you and discuss the options available to you. Your assessors aim is to ensure the successful completion of your course with the least amount of difficulty. Assessment complaints and appeals Please refer to the Australian School of Commerce (ASOC) Policies and procedure M.S Aviation Pty Ltd trading as Australian School of Commerce Page 3 of 6 Australian School of Commerce CRICOS Provider Code: 03489A www.asoc.edu.au UNIT OF COMPETENCY ASSESSMENT SUMMARY SHEET This form is to be completed by the assessor and used a final record of student competency. All student submissions including any associated checklists (outlined below) are to be attached to this cover sheet before placing on the students file. Student results are not to be entered onto the Student Database unless all relevant paperwork is completed and attached to this form. Student Name: Student ID: Unit Code and Unit Title: BSBFIM801 Manage Financial Resources Please attach the following documentation to this form Result achieved Assessment 1  Project  Satisfactory  Not Satisfactory  Not completed Assessment 2  Written Assessment  Satisfactory  Not Satisfactory  Not completed Final Assessment Result for this unit Competent Not Yet Competent Assessor Declaration: I declare that I have conducted a fair, valid, reliable and flexible assessment with this student, and I have provided appropriate feedback. Signature: ___________________________ Date: ____/_____/_____ M.S Aviation Pty Ltd trading as Australian School of Commerce Page 4 of 6 Australian School of Commerce CRICOS Provider Code: 03489A www.asoc.edu.au Imagine that you have just started a new business and you wish to convince the bank to finance your enterprise. 1. Using the template at the following web link, prepare a financial plan that includes a cash flow forecast, balance sheet forecast and break even analysis for your new business: https://www.commbank.com.au/business/can/business-templates-and- forms/financial-plan-template.html 2. In addition to your financial plan attach a report that includes a budget for the first year expenditure of your new business and answer the following questions: a) Describe the products or services that your business will produce. b) Identify which type of forecasting technique you will use to develop further financial forecasts. c) How will you analyse these forecasts? d) What statutory requirements do you need to consider in preparation of your budget? e) Describe how you will collect comparative and trend information to support your budget? f) Explain your negotiation strategy with the bank manager relating to acquiring funding for your business project. g) Describe the records that you will maintain to ensure up-to-date information about resource allocations and usage h) How will you report budget performance and expenditure? i) Explain the risk factors associated with your business idea and the expected returns? j) Describe how you plan to monitor the budget in the event of deviations. 3. Obtain financial statements from a company already in existence and undertake an analysis of these statements by answering the following questions: a) Explain the reports that require lodging by this company according to the Australian Security and Investment Commission. b) Analyse these financial records by applying the horizontal and vertical analysis methods. c) Explain whether you think that the organisations financial decisions will serve to meet the organisations planned outcomes. 4. Meet with your assessor and imagining that he/she is the bank manager argue a case for financing of your business idea. Student Declaration: I declare that the work submitted is my own, and has not been copied or plagiarised from any person or source. Signature_________________________ ASSESSMENT 1: Project Student Instructions https://www.commbank.com.au/business/can/business-templates-and-forms/financial-plan-template.html https://www.commbank.com.au/business/can/business-templates-and-forms/financial-plan-template.html M.S Aviation Pty Ltd trading as Australian School of Commerce Page 5 of 6 Australian School of Commerce CRICOS Provider Code: 03489A www.asoc.edu.au ASSESSOR MARKING CHECKLIST ASESSMENT 1 All assessors must use this checklist when observing student(s) undertaking their assessment. One checklist is to be completed per student(s). Student Name: Student ID: Student checklist Serial no. In undertaking this assessment, did the student 1 Prepare a financial plan that includes a cash flow forecast, balance sheet forecast and break even analysis for their new business.  Yes  No 2 Attach a report that includes a budget for the first year expenditure of new business.  Yes  No 3 Describe the products or services that their business will produce.  Yes  No 4 Identify which type of forecasting technique they will use to develop further financial forecasts.  Yes  No 5 Explain how will they analyse these forecasts.  Yes  No 6 Identify the statutory requirements they need to consider in preparation of budget.  Yes  No 7 Describe how they will collect comparative and trend information to support their budget.  Yes  No 8 Explain their negotiation strategy with the bank manager relating to acquiring funding for their business project.  Yes  No 9 Describe the records that they will maintain to ensure