jjj.docx - Assessment Materials BSBFIM501 Manage Budgets...

Assessment Materials
BSBFIM501 Manage Budgets and Financial Plans
To achieve competency in this unit you must complete the following
assessment items. All tasks must be submitted together. Tick the boxes to
show 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 must
individually submit a separate and complete copy.
Student ID Student Name
22517 Tainan Rocha Silva
The 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 USE
ASSESSMENT 1 MARKING SHEET
Did the candidate:
Satisfactory
Yes No
1. 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 SHEET
Did the candidate:
Satisfactory
Yes No
1. 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 - SUMMARY
Assessor’s checklist – tick when finalized
Task 1 ☐ Task 2 ☐
ASSESSOR’S GENERAL COMMENTS
(see individual tasks & marking guides for more detail)
Assessor Name
ILSC Business College BSBFIM501 Assessment V3: December 2016Page 2 of 15
RESULT COMPETENT ☐ NOT YET COMPETENT ☐

Assessment 1 Theory exam
Assessment Instructions
First of all, imagine that you are the Finance Manager at ABBA Marketing Company. Your employer
has 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 your
answer.
 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 ATO
and for auditing purposes.
 Question 15-19 are about analysing, implementing, disseminating and communicating
financial 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

(Questions 1-9)