BSBFIM601 - Manage Finances - Case Study - Finance Assignment Help

Assignment Task

There are two assessments for this unit:
1. Research Questions
Students are to read the questions and respond in writing with the most suitable answer. There are six questions, all of which must be completed. Most questions require short answers although some questions require a more detailed response. Students may use various sources of information including workbooks, internet and other documents, but must list and reference their sources. Suggested sources and websites are provided. You need to advise students when this is due. Model answers and a record sheet are provided.

2. Case Study
For this assessment students are to undertake budgeting, financial forecasting and reporting and to allocate and manage resources to achieve the required outputs for a simulated business. The case study is in two stages each with 2 parts. Students must complete them all.
Stage One: – based on the given financial information about the simulated business, students are to prepare a number of budgets and then using appropriate formulae, to analyse financial data to assess and manage risk and identify discrepancies.
Stage One – requires students to analyse discrepancies and produce a report in which they account for variations. They are then required to participate in a role play, with you, acting in the role of company CEO in which they discuss the variances and make financial recommendations in relation to the company’s financial situation. Instructions and roles for the role play are provided.

Assessment Outcomes
There are two outcomes of assessment tasks: S = Satisfactory and NS = Not Satisfactory (requires more training and experience).
You will be awarded C = Competent on completion of the unit when you have achieved S for all completed assessment tasks and by meeting all the performance criteria. If you fail to meet this requirement, you will receive the result NYC = Not Yet Competent and will be eligible to be re-assessed according to George Brown College policy.
If you are deemed Not Competent by your assessor and require re-assessment, you will be informed of the process. A fee may be charged according to George Brown College policy. If all assessment tasks are not completed for a qualification, a certificate will not be awarded. A Statement of Attainment for completed units of competency will be provided.

Question
List the obligations under the Corporations Act 2001 List at least six (6) obligations)

Question
Briefly explain the following Australian, international and local legislation and conventions that are relevant to financial management in the organisation
(a) Australian Accounting Standards

(b) Australian Securities and Investments Commission

(c) Privacy Acts and Principles

(d) International regulations (a brief overview)

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