Learners
Assessment Guide
Assessment 3
RTO No: 21595 | CRICOS Code: 02634E
BSBFIM601 Manage finances Assessment 3 Page 1 of 4
©Copyright Academia International 2020 Version 4 B Approved by: Bade
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 3 Page 2 of 4
©Copyright Academia International 2020 Version 4 B Approved by: Bade
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 3 Page 3 of 4
©Copyright Academia International 2020 Version 4 B Approved by: Bade
Assessment 3 – Project 2
Task 1
Your Tasks:
A. Go to the Spreadsheet Activity 2 Support Material from assessment 2.
Collate the totals for the actual 2018/2019 and the draft budget 2019/2020 in the tab
“comparison”.
Answer the following questions by analysing your results from the Excel sheet review all
departments to manage your budget give your view on what will be required and complete
a report on this .
1. How do the figures compare overall?
2. Which areas would need to be investigated and adjusted within your budget?
B. Go to the tab “Draft Budget”, create a copy and move this copy to the end. Rename and label
this copy “Future Potential” and manipulate the scenario below:
Due to renovations for your 2019/2020 budget as outlined in Task 2, the number of
available rooms had been limited to 75%.
Answer the following question by analysing your results from the Excel sheet.
1. How will your budget for 2020/2021 be affected once the number of available rooms will be
100% and the occupancy rate will increase to 80% and the average room rate increases to
$180.00 per room and “Other Expenses” increases to 25%?
Task 2
Your Tasks:
Answer the following questions by analysing your results from the Excel sheet.
1. Given the suggested changes in the operation for the 2019/2020, discuss which departments
you will need to liaise with in terms of financial and HR impacts. Which details will you need to
discuss for a successful implementation of the budget and what changes and adjustments
may need to be applied to keep things on track?
2. Which factors need to be considered when the hotel reaches full accommodation capacity
based on the future forecast for 2020/2021? What adjustments will be required for your
operation review all departments and give suggestions and your views on what will be required
for your new budget to operation correctly
3. Given the modernization of the operation, the director in conjunction with the F&B director
have approached you to prepare for the purchase and implementation of a new stock control
system linked to a POS to enhance security provisions and prevent theft and to assist in stock
control .
Research a suitable system and compare two such systems.
Provide details for the features and a cost estimate including ongoing costs for
maintenance or subscription and recommend one of the systems. Attach all
information you have researched to this assessment.
RTO No: 21595 | CRICOS Code: 02634E
BSBFIM601 Manage finances Assessment 3 Page 4 of 4
©Copyright Academia International 2020 Version 4 B Approved by: Bade
Marking Criteria
| Report B | Not Attempted | Not Satisfactory | Satisfactory | Excellent | Comments |
| 0 | 1 | 2 | 3 | ||
| BSBFIM601 Manage finances | |||||
| Project presented in a professional format | |||||
| Comparison – Overall | |||||
| Comparison – Issues identified | |||||
| Comparison completed accurately | |||||
| Future Potential – Effect on budget | |||||
| Future Potential – Financial & HR issues | |||||
| Future Potential – Technology issues | |||||
| POS system submitted | |||||
| Student shows good knowledge about the subject. | |||||
| Total Marks out of 27 |
Student is satisfactory for this assessment task: Yes Not Yet
| ________________________________ Trainer’s Signature |
___ / ___ / _____ Date |
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