Learners
Assessment Guide
SITXFIN003
Manage financesMidterm Assignment
within a budget
Assessment 2
SITXFIN003 Manage finances within a budget RTO No: 21595 | CRICOS Code: 02634E
SITXFIN003 Assessment 2 Page 1 of 4
© Copyright Academia International 2020 Version 4 B Approved by: B. Wade
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
SITXFIN003 Manage finances within a budget RTO No: 21595 | CRICOS Code: 02634E
SITXFIN003 Assessment 2 Page 2 of 4
© Copyright Academia International 2020 Version 4 B Approved by: B. Wade
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.

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. Direct observation of
student’s skills will be assessed in the class room at Academia, the timeframes for these assessments
will be related to the scheduled times of the classes. Other assessments such as; role plays, in class
activities, presentations and written tests 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.
SITXFIN003 Manage finances within a budget RTO No: 21595 | CRICOS Code: 02634E
SITXFIN003 Assessment 2 Page 3 of 4
© Copyright Academia International 2020 Version 4 B Approved by: B. Wade
Assessment 2 – Case Study 2
The stage 5 outlines specify the week this assessment is due. The specific dates and time for
assessment submission are advised on Moodle announcement for the unit.
Students are required to work on the Wages Budget for Academia Bar over a three-month
period following the information below:
– Employer’s superannuation contribution is 9.5%; Supervisor is 10% which will be increased to 11% in
October.
– Hrs / Week are according to the business volume for the period specified:
– Part-timers are required to work 24 hours a week and full-timers 38 hours a week.

Diversity Festival), the business volume for Academia Hotel will increase requiring all
casuals to work 27 hours a week.

– Rate/Hr – during the first 2 months, Supervisor will get paid AU$26.00 per hour, which will be
increased to AU$29.00 in October. Part-timers Level 1 will get paid AU$20.00 and Level 2
AU$22.00 during the whole period. Casual pay rate will follow the table below:

Using the Excel Spreadsheet Template provided students to:
A) Work out Gross Wages
B) Work out Employer’s Superannuation
C) Find totals of columns F, H and I
D) Work total employment budget per month
E) Work total employment budget per 3 months
F) Write down a brief Wages Report to the owner of the business providing an overall
analysis of the Wages Budget for the last three months.
SITXFIN003 Manage finances within a budget RTO No: 21595 | CRICOS Code: 02634E
SITXFIN003 Assessment 2 Page 4 of 4
© Copyright Academia International 2020 Version 4 B Approved by: B. Wade
Marking Guide

Student is satisfactory for this assessment task: Yes Not Yet