Assessment Materials BSBFIM501 Manage Budgets and Financial PlansTo achieve competency in this unit you must complete the followingassessment items. All tasks must be submitted together. Tick the boxes toshow that each task is attached.Assessment 1. Theory Exam ☒Assessment 2. Prepare financial documents & financial report ☒NOTE: If this is a group assignment, each member of your group mustindividually submit a separate and complete copy.Student IDStudent Name22517Tainan Rocha SilvaThe other members of my group are:1. Name:Click here to enter text.Student ID#: Click here to enter text.2.Name:Click here to enter text.Student ID#: Click here to enter text.3.Name:Click here to enter text.Student ID#: Click here to enter text.ILSC Business College BSBFIM501 Assessment V3: December 2016Page 1 of 15
PLEASE NOTE: SECTIONS HIGHLIGHTED IN THIS COLOUR ARE FOR TRAINER USEASSESSMENT 1 MARKING SHEETDid the candidate:SatisfactoryYesNo1.Task 1: Successfully answer all the theory based questions regarding managing budgets and financial plans?Including: 1.1, 1.2 1.4, 2.2, 2.3, 3.1, 3.4, 4.1, RS, RK☐☐ASSESSMENT 2 MARKING SHEETDid the candidate:SatisfactoryYesNo1.Task 2: Part 1. Successfully compile the suit of excel spreadsheets 1-3.Including: 1.1, 1.3, 1.4, 3.1, 3.2, 3.3, 4.1, 4.2, 4.3,☐☐1.Task 2: Part 2. Successfully deliver a financial report by analyzing, monitoring and reporting on financial outcomes?Including: 1.1, 1.2, 1.3, 1.4, 2.1, 2.3, 3.1, 3.2, 3.3, 3.4, 4.1, 4.2, 4.3☐☐ASSESSMENT - SUMMARYAssessor’s checklist – tick when finalized Task 1☐Task 2☐ASSESSOR’S GENERAL COMMENTS (see individual tasks & marking guides for more detail)Assessor NameILSC Business College BSBFIM501 Assessment V3: December 2016Page 2 of 15RESULTCOMPETENT ☐NOT YET COMPETENT ☐
Assessment 1Theory examAssessment InstructionsFirst of all, imagine that you are the Finance Manager at ABBA Marketing Company. Your employerhas asked you to prepare the Budgets and Financial plans for 2017.In preparation for this job, answer the questions below. Click in the space provided and type youranswer. Questions 1-9 confirms your command of terminology.You may like to refer to the National Register document at .Questions 10-14 demonstrates your knowledge of record keeping requirements for the ATOand for auditing purposes.Question 15-19 are about analysing, implementing, disseminating and communicatingfinancial information as well as core accounting principles. Access the ATO Australian Taxation Office website at and research the‘Record keeping for small business’ section; and report as much information as you can find.ILSC Business College BSBFIM501 Assessment V3: December 2016Page 3 of 15
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