Learners
Assessment Guide
Assessment 2
RTO No: 21595 | CRICOS Code: 02634E
BSBFIM601 Manage finances Assessment 2 Page 1 of 5
©Copyright Academia International 2020 Version 4 B Approved by: B.
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Assignment Coversheet
Name:
Student ID:
Email Address:
Class:
Unit name:
Unit Code:
Assignment name:
Student Declaration
I declare that –
a. The evidence I have submitted for assessment is my own work, and
b. The evidence I have submitted for assessment has not been shared with other
students, and I have taken all reasonable precautions to ensure that my work cannot
be accessed by other students that may seek to submit my work as their own, and
c. All of the sources of information used to prepare my work have been, or may be
accurately cited, and
d. I retain a copy of all my original for my own records, or for resubmission if required by
Academia Australia, and
e. I have read and understood Academia Australia’s policy regarding plagiarism, and I
accept the right of Academia Australia to investigate suspected plagiarism, and to act
in accordance with the policy and procedure I have read.
Student Signature: __________________________________________
Date of Submission: ___ / /20
RTO No: 21595 | CRICOS Code: 02634E
BSBFIM601 Manage finances Assessment 2 Page 2 of 5
©Copyright Academia International 2020 Version 4 B Approved by: B.
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Assessment Information
 You must achieve a satisfactory outcome for each of the required criteria of this
assessment to be deemed satisfactory for this assessment. You must achieve a
satisfactory result for the assessments for this unit of competency to achieve a competent
result for the unit. If one or more of the assessment results are not satisfactory, you will
be Not Yet Competent for this unit.
 You may follow the Assessment Appeals process in the Student Handbook
(www.academia21.com) if you are not satisfied with:
o the assessment result; or
o the way an assessment was carried out by your trainer; or
o the conditions or structure of the assessment
The student handbook has the steps for reassessment if you receive a Not Yet Competent
mark and do not want to appeal.
Reasonable adjustment for assessment
Where students have highlighted Language, Literacy and Numeracy issues reasonable
adjustment to the assessment can be made. Should you receive a ‘Not Yet Competent’ or
‘Resubmit’ result for the assessment you will be given the opportunity to re-submit your
assessment work with any amendments requested by your trainer.
The adjustment may include actions such as:
• Student demonstrating knowledge through verbal discussion to identify correct answers
• Student demonstrating knowledge through applied skills
• Allowing additional time relating to disability
• Through consultation amending assessment timeframes
• Assistance in the form of the training location to allow easier access
• Accessing relevant equipment or aids to assist the student
• Adjustments to the assessment methods to cater for any special needs (without effecting
the integrity of the outcome)
If a student requests or is identified as requiring reasonable adjustment to the training and
assessment process a detailed training and assessment plan including timetables, notes
regarding the required adjustments, and any related communications regarding the
adjustments must be maintained in the students file.
The RTO Manager must review and authorise any request for ‘reasonable adjustment’ to
ensure that any adjustments and resulting outcomes are not affecting the integrity of the
training and assessment process.
Location of and completion timeframes for assessment
The location of the assessment will depend upon the nature of the assessment.
Assessments such as; role plays, in class activities, presentations and knowledge questions
will be conducting in the classroom. The timeframes and due dates for these assessments,
as well as any reports, projects or research assignments, are documented in the stage
outlines. Stage outlines are handed out at the beginning of each term.
RTO No: 21595 | CRICOS Code: 02634E
BSBFIM601 Manage finances Assessment 2 Page 3 of 5
©Copyright Academia International 2020 Version 4 B Approved by: B.
Wade
Assessment 2 – Project 1
Task 1
Go to the Spreadsheet Task1 Support Material and calculate each of the following values in the
orange boxes using the correct formulae:
1. Net Cash Flow from Operations
2. Net Cash Flow from Investing Activities
3. Net Cash Flow from Financing Activities
4. Net Increase in Cash
5. Cash at End of Year
Task 2
For this Assessment, Your Trainer will provide you with the Spreadsheet Task 2 Support
Material.
A. On the first tab “Departments” you will find an overview of the existing budget figures for the
2018/2019 financial year.
B. Use the template “Draft Budget” on the second tab of the spreadsheet and perform the
calculations below using basic formulas.
C. Your forecast needs to include the Dollar Figures and the % values for all areas affected by
changes outlined below.
D. The % values must be listed for each expenses item shown in the expense’s analysis for each
department.
E. You are required to demonstrate all your calculation methods and formulas for your answers
You have met with the department heads of Hotel Futura and the following details have been
discussed to prepare your draft budget for 2019/2020:
1. Rooms Division:
a. Due to renovations the rooms available have been reduced to 75%.
b. The forecasted occupancy rate has been adjusted to 78%.
c. The revenue per available room needs to be increased to $180.00
d. The COGS will decrease to 15%
e. Staff costs need to be increased to 20% to allow for increases in superannuation and awards.
f. Other Expenses need to increase to 20% to cover electricity price rises.
2. Catering:
a. The food revenue will be increased by 20% due to a new marketing campaign and specialty
menus
b. The beverage revenue will increase by 8%.
c. Staff costs need to be adjusted to 30% of the food budget.
d. Other Expenses will need to be increased to 15%.
RTO No: 21595 | CRICOS Code: 02634E
BSBFIM601 Manage finances Assessment 2 Page 4 of 5
©Copyright Academia International 2020 Version 4 B Approved by: B.
Wade
3. Banquet:
The banquet Division will be directly affected by the new marketing campaign which has
been directed at daytime seminars and corporate functions. For this purpose, the kitchen
has received specialised equipment including multiple combi steamers, hold-o-mats, and
sous-vide equipment.
a. The new food revenue budget was set at $1,700,000.00 (1.7 Million) and the beverage
revenue was increased by 60%.
b. The COGS will increase to 25%.
c. The staff costs have been reduced to 20%.
d. Other Expenses will need to increase to 15%.
4. Room Service:
a. The room service revenue from food needs to be increased by 15%.
b. Due to a different system to clear floors and organise delivery, the staff costs will be reduced
to 34%.
5. Mini Bar
The mini bar budget has been reduced by 20% and staff cost reduced to 15%
6. Bar Budget:
a. The food revenue budget has been increased by 28% with the implementation of a Tapas
Menu.
b. The Beverage Revenue budget has been increased by 30% with the introduction of a new
cocktail bar and happy hour specials.
c. Staff costs will need to be adjusted to 35%.
d. Other Expenses need to be increased to 20%.
RTO No: 21595 | CRICOS Code: 02634E
BSBFIM601 Manage finances Assessment 2 Page 5 of 5
©Copyright Academia International 2020 Version 4 B Approved by: B.
Wade
Marking Guide

Student is satisfactory for this assessment task: Yes Not Yet