BSBFIM501 Manage Budgets and Financial Plans - Accounting Assignment Help

Assignment Task

ASSESSMENT COMPETENCY RECORD
This form is to be completed by the assessor and used as the final record of the student competence in these disciplines. All student submissions including any associated documents and checklists 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 ID Final Assessment Submission Date Student Name Assessor Declaration
In completing this assessment, it is confirmed that the participant has demonstrated all unit outcomes through consistent and repeated application of skills with competent performance.
Evidence is confirmed as: Valid Sufficient Current Authentic
Please attach the following documentation to this form Result FINAL ASSESSMENT RESULT:

Co-requisites N/A
Unit Summary This unit describes the skills and knowledge required to undertake financial management within a work team in an organisation. It includes planning and implementing financial management approaches, supporting team members whose role involves aspects of financial operations, monitoring and controlling finances and reviewing and evaluating effectiveness of financial management processes.
It applies to managers in a wide range of organisations and sectors who have responsibility for ensuring that work team financial resources are used effectively and are managed in line with financial objectives of the team and organisation.
No licensing, legislative or certification requirements apply to this unit at the time of publication.
Conditions and context of the assessments This assessment will be conducted in the CAC classroom or simulated workplace environment:
Address of actual designated workplace:
Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the financial management field of work and include access to:
resources and documentation used in the workplace
workplace policies and procedures
workplace budgets and financial plans
business technology
case studies and, where available, real situations.
Assessors must satisfy NVR/AQTF assessor requirements
Specific Resources Required CAC Assessment Booklet
Learner Guide
Classroom Activities
Projector
Whiteboard
Markers
Re-assessment To gain competency you need to get Satisfactory (S) result in all the tasks. If Not Satisfactory (NS) result is given even for a task you will be deemed Not Yet Competent (NYC). Students who are unsuccessful at achieving competency at the first attempt will be offered coaching, information and additional time (other needs if required) before a second and possibly a third attempt is made. If the student is not able to satisfactorily complete the assessment after the third attempt the student will be deemed Not Competent and resulted as such. The student may re-enrol in the qualification at a later date to gain successful completion of the unit/s.
For further details refer to CAC Assessment Policy and Procedure. https://cac.edu.au/policies-and-procedures/Plagiarism CAC considers plagiarism and cheating as serious student misconduct, and this may result either in a student’s exclusion from a unit or course or may have to complete a re-assessment depending on individual case. Refer to CAC Plagiarism & Cheating Policy and Procedure. https://cac.edu.au/policies-and-procedures/Complaints and appeal Where a student wishes to appeal an assessment decision they are required to notify their assessor in the first instance. Where appropriate the assessor may decide to re-assess the student to ensure a fair and equitable decision is gained. The assessor shall complete a written report regarding the re-assessment outlining the reasons why assessment was or was not granted. Refer to CAC Complaints and Appeals Policy & Procedure for details.
https://cac.edu.au/policies-and-procedures/Assessors Intervention Assessors are to check that the student is ready for assessment, and defer the assessment if they are not. It is important that assessors do not teach at the assessment but allow students to competence for themselves.
Feedback is to be given at the completion of the assessment using the feedback to student. If a student does not meet a standard, the assessor is to sit down with them and assist them in their understanding. Should you disagree with the assessment outcome, you can appeal the decision as stated in the Student Handbook.Your student record must indicate that you have all required skills and knowledge in completing the task. For each assessment, the assessor is to act as a supervisor and not interfere with the assessment. If the assessment activities will impact on your safety or that of others, the assessment must be stopped immediately.
Attaching documents Attached documents are accepted but must be labelled with the following information:
Unit Name and Title, Students name, Student ID, Date of Submissions, Student signature.
Assessment Instruction Assessment is mapped to the unit and must be completed by the end of each unit. For answers to written questions, reports and projects, you must:
Print clearly in black or blue pen or type it as a word document
Answer each of the key points and /or follow instructions
Assessments written in pencil or are illegible will not be accepted.
Please attach the assessment booklet along with your assessment task for submission.
Ask your assessor if you do not understand any part of the assessment. Whilst your assessor cannot tell you the answer, he/she may be able to re-word a question or instruction to assist in a better understanding for you.
Assessment Task 1: For this assessment task, you are required to read the case study provided in the appendix and develop a written report of about 1000 words on team budgets or financial plans, making changes to team budgets or financial plans, contingency planning and financial management approaches using the guidelines provided. Students can use the given template for written report and contingency plan and are allocated with a week’s time to complete this assessment.
Necessary feedback should be provided by the trainer at the end of each session as per the session plan.
Assessment Task 2: Assessment Task 2 is also a written report. For this assessment task, you are required to read the case study provided in the appendix and develop a written report of about 1000 words on monitor and control finances, review variances, and review and evaluate processes using the guidelines provided. Students can use the given template for written report and are allocated with a week’s time to complete this assessment.
Necessary feedback should be provided by the trainer at the end of each session as per the session plan.
Assessment Task 3: This is a written questions and answers assessment that needs to be completed by students over the duration of training session. The assessor must provide students with sufficient information to complete this assessment. While answering the questions, students will gain knowledge about managing budgets and financial plans.
Competency Decision Student must satisfactorily complete each assessment tasks to be Competent (C) in the unit. Student with unsatisfactory completion of any of the assignment tasks will be deemed Not Yet Competent (NYC).
Reasonable adjustment
To meet the needs of all learners’ adjustments can be made to the way assessments are conducted but not to the requirements of the assessment. The purpose of these adjustments is to enhance fairness and flexibility so that the specific needs of students can be met.
CAC will take meaningful, transparent and reasonable steps to consult consider and implement reasonable adjustments for students with disability and learning difficulties.
Reasonable adjustment provided Reason for reasonable adjustment Outcome
Educational and bilingual support
Presenting questions orally
Presenting work instructions in diagrammatic or pictorial form instead of words and sentences
Extra time to complete a course or assessment
Others: Student’s Assessment Booklet
This Assessment Booklet is developed by Central Australian College. No part of this Assessment Booklet may be reproduced, stored in a retrieval system or transmitted in any form or by any means including electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of Central Australian College Pty Ltd.

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