where indicated by referencing, and that student have followed the good academic practices noted above.. © Sydney City College of Management Pty Ltd RTO: 45203 CRICOS: 03620C Date Revision date Version Page 2 of 7 File Name: BSBFIM601 Manage Finances March 2020 March 2021 2.0
Assessment Task 2: Part A: Financial Management planning project Task summary You are required, in the role of the General Manager for Grow Management Consultants, to review existing financial information and prepare budgets for the following financial year based on your review. This task will also require you to review existing financial software to ensure that it is meeting the company’s needs. You are then required to meet with the management team (your assessor) to discuss the budgets you have prepared for the upcoming financial year, as well as to confirm reporting requirements and financial delegations as documented in the financial management policy and procedure. You are also required to research and report on a guide for managers about the business’s financial compliance requirements, as well as tax liabilities. This assessment is to be completed in the simulated work environment in the RTO. Required Access to textbooks/other learning materials Computer with Microsoft Office and internet access Profit and Loss 2016/17 Strategic Business Plan Cash Flow Statement 2016/17 Estimated Costs and Income Finance Report Template Finance Policy and Procedures Budget Forecast Template Printer Meeting space Roleplay participant (your assessor) Timing Your assessor will advise you of the due date of these submissions. Submit Email with the following attached: o financial report o budget forecasts o financial compliance and tax liabilities report Re-submission opportunities You will be provided feedback on their performance by the Assessor. The feedback will indicate if you have satisfactorily addressed the requirements of each part of this task. If any parts of the task are not satisfactorily completed, the assessor will explain why, and provide you written feedback along with guidance on what you must undertake to demonstrate satisfactory performance. Re-assessment attempt(s) will be arranged at a later time and date. You have the right to appeal the outcome of assessment decisions if you feel that you have been dealt with unfairly or have other appropriate grounds for an appeal. You are encouraged to consult with the assessor prior to attempting this task if you do not understand any part of this task or if you have any learning issues or needs that may hinder you when attempting any part of the assessment. © Sydney City College of Management Pty Ltd RTO: 45203 CRICOS: 03620C Date Revision date Version Page 3 of 7 File Name: BSBFIM601 Manage Finances March 2020 March 2021 2.0
© Sydney City College of Management Pty Ltd RTO: 45203 CRICOS: 03620C Date Revision date Version Page 4 of 7 File Name: BSBFIM601 Manage Finances March 2020 March 2021 2.0
Assessment Task 3: Budget review project Task summary
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