Finance knowledge based 4.docx - Assessment Information of...

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Assessment Information Assessment Instructions: This is an open book assessment All questions must be answered correctly in order to meet assessment requirements. Students will have an opportunity to resubmit any questions that have been answered incorrectly. You may use a calculator and reference your workbook and other notes. Mobile phones may not be used. The assessment covers your understanding of the accounting process and of key accounting terminology. It assesses your ability to interpret financial information and determine the relationship between the information and performance of a business. Assessment Description: This in-class assessment requires you to complete exercises and answer questions on topics covered in weekly lectures Assessment Venue: In Class. Assessment Time/duration: 2 hours Question 1 Explain how budgets are used to allocate resources within an organisation. - Resources are allocated within the business depending on the needs of the organisation; Staff, Equipment/ Furniture, Building, Marketing and Supplier Folder location: [insert filename and path of storage folder location] Current Version V1.0 – 19-10-2016 Last updated: Page 1 of 5 Qualification national code and title: Diploma of Travel & Tourism Management – SIT50116 Delivery period: Sem 1, 2018 Cluster name (if applicable) Unit(s) national code(s) and title: SITXFIN003 / AWQ54 Manage Finances within a Budget Portfolio: Hospitality, Tourism and Culinary Arts Developed by:
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