BSBFIM801: Goal of Financial Resource Management - Relationship Between Risk and Return - Management Assignment Help

Assignment Task:

1. What is the goal of financial resource management?

2. Discuss the difference between investment and financing decisions within an organisation.

3. Explain the relationship between risk and return.

4. Explain how communication changes when discussing the budget with investors as opposed with lower level management.

5.
a) List three companies that are required by legislation to submit their annual financial statements to the ATO for auditing? 

• High earning companies
• Public companies that issue shares
• Non profit organisation

b) Identify three financial documents all companies must record and store. 

• Cash records
• Bank statement and loan documents
• Sales and debtor records

c) Which team members are responsible for financial reporting? 
Management(Prepare financial statement)---Directors(Approve financial statement)---External Auditors(Audit financial statement)---Stake Holders(Make decision based pn financial statement)

6. Explain the importance of recording and monitoring cashflow within an organisation. (70 words)

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