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SITXFIN003 Assessment 3_v2-Project (1).docx - Course code...

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Course code and name: SIT40516 - Certificate IV in Commercial CookerySIT40716 - Certificate IV in PatisserieUnit code and name:SITXFIN003 Manage finances within a budgetASSESSMENT3Purpose:The purpose of this assessment is to assess your knowledge required tocomplete the tasks outlined in elements and performance criteria of this unit.Find details of the assessment requirements fromASSESSMENT 3LECTURER/ TRAINER:SIMON SAIDUZZAMAN/VANESSA COLLETSTUDENT NAME:ANDRE SILVA DE OLIVEIRASTUDENT NO:01411Assessment Tasks and InstructionsVersion 21of9Group 2016
Course code and name: SIT40516 - Certificate IV in Commercial CookerySIT40716 - Certificate IV in PatisserieUnit code and name:SITXFIN003 Manage finances within a budgetInstructions for assessment including WHS requirementsFor the purpose of this assessment project you are required to monitor and manage a budget for abusiness, for example your workplace or as instructed by your trainer, over a 3 month period. Youneed to complete the following tasks to reflect how you monitor and accordingly manage thebudget and its underlying factors that affect performance.TYPE of Budget: ___________________________________Business:___________________________________TH&E sector:___________________________________Task 1.Requires you to provide a fortnightly budget report which clearly identifies any under or overperformances and the actual and likely reasons for these.Task 2.During the monitoring cycleyou are required to undertake 2 of the following processes to informmanagement of the actual budget:(you clearly need to select these relevant for the performance of your budget; the process youchoose will be informed by the type of variance and accordingly, the operational aspect thatwould need to be investigated)

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Term
One
Professor
david
Tags
Expense, Operating expense, Commercial Cookery

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