Trainers Assessment Resource
M.S Aviation Pty Ltd trading as Australian School of Commerce XXXXXXXXXXPage 1 of 6
Australian School of Commerce
CRICOS Provider Code: 03489A
www.asoc.edu.au
STUDENT ASSESSMENT INFORMATION
BSBFIM801 Manage Financial Resources
Unit Description:
This unit describes the skills and knowledge required to manage financial resources
in a complex environment for a substantial business unit or organisation.
Leaders are typically required to forecast future financial resource needs, analyse
cu
ent asset performance and capacity to a standard expected in a commercial
environment, and to set business targets. There is a requirement to manage
compliance mechanisms, to manage financial risk within agreed plans and
mechanisms, and to monitor compliance with financial projections.
It applies to the management of financial resources relating to complex and diverse
operations or projects and is an important aspect of work for managers or leaders.
It may relate equally to small-scale activities within a small to medium-sized
organisation or a significant activity in a large organisation.
No licensing, legislative or certification requirements apply to this unit at the time of
publication.
Unit Sector:
Finance – Financial Management
METHOD OF ASSESSMENT
Assessment 1
Project
Assessment 2
Written Assessment
M.S Aviation Pty Ltd trading as Australian School of Commerce XXXXXXXXXXPage 2 of 6
Australian School of Commerce
CRICOS Provider Code: 03489A
www.asoc.edu.au
ASSESSMENT INFORMATION
Objective of Assessment
The primary objective of assessment is to support and encourage your learning.
Assessment results give the assessor an indication of how well you learnt in class and or areas you
may need extra support.
Assessment Feedback and support throughout the Assessment Progress
Your assessor will give you feedback throughout the duration of the unit you are studying and after
assessment results. The feedback given to you will always be to support your achievements and to
monitor your progress throughout your studies.
Supporting for you in the Assessment Process
The assessment processes selected by the assessor should offer the participant the appropriate level
of support. While some participants will not require a great deal of support, there will be others with
particular needs. If the assessor is aware of these needs, he or she will be better able to assist
participants to identify their skills. Participants will then feel more confident as they prepare for
assessment – enabling them to focus on providing evidence against the specified criteria in a way
that is known to be acceptable to the assessor
Assessment eligibility
To be eligible to sit in assessment you must have satisfactory course progress.
If you do not have satisfactory course progress you need to get an approval from academic
department which allow you to sit in your assessment
Achieving a satisfactory result
You will have 3 attempts to achieve a satisfactory outcome in your assessment.
Should you not be successful in your attempt your assessor will provide directive feedback to
guide to success in your second attempt.
Should further assistance be required your assessor will provide you with one on one tutoring
and or extra classes may be organised for you to attend.
Assessment reasonable adjustment may be exercised by your assessor at their discretion
If you are not successful in your first 3 assessment attempts, you will be required to pay for
any consecutive attempts.
Cheating and plagiarism
Australian School of Commerce (ASOC) will not tolerate Cheating and plagiarism from any
student. Listed below are actions that can and will be taken against you in the event you are caught
cheating or plagiarising work.
If you are caught cheating twice or more, you will be required to pay for your re-assessment
You will be asked to leave the classroom
Your cheating/plagiarism will be recorded in your student academic file
Assessor Intervention and reasonable adjustment
In the situation where you or your assessor feel that extra support needs to be given, your assessor
will organise a time to meet with you and discuss the options available to you. Your assessors aim is
to ensure the successful completion of your course with the least amount of difficulty.
Assessment complaints and appeals
Please refer to the Australian School of Commerce (ASOC) Policies and procedure
M.S Aviation Pty Ltd trading as Australian School of Commerce XXXXXXXXXXPage 3 of 6
Australian School of Commerce
CRICOS Provider Code: 03489A
www.asoc.edu.au
UNIT OF COMPETENCY ASSESSMENT SUMMARY
SHEET
This form is to be completed by the assessor and used a final record of student competency.
All student submissions including any associated checklists (outlined below) are to be attached to
this cover sheet before placing on the students file.
Student results are not to be entered onto the Student Database unless all relevant paperwork is
completed and attached to this form.
Student Name:
Student
ID:
Unit Code and
Unit Title:
BSBFIM801 Manage Financial Resources
Please attach the following
documentation to this form
Result achieved
Assessment 1 Project Satisfactory Not Satisfactory
Not
completed
Assessment 2
Written
Assessment
Satisfactory Not Satisfactory
Not
completed
Final Assessment Result for this
unit
Competent Not Yet Competent
Assessor Declaration:
I declare that I have conducted a fair, valid, reliable and
flexible assessment with this student, and I have
provided appropriate feedback.
Signature:
___________________________
Date: ____/_____/_____
M.S Aviation Pty Ltd trading as Australian School of Commerce XXXXXXXXXXPage 4 of 6
Australian School of Commerce
CRICOS Provider Code: 03489A
www.asoc.edu.au
Imagine that you have just started a new business and you wish to convince the bank to
finance your enterprise.
1. Using the template at the following web link, prepare a financial plan
that includes a cash flow forecast, balance sheet forecast and
eak even
analysis for your new business:
https:
www.commbank.com.au
usiness/can
usiness-templates-and-
forms/financial-plan-template.html
2. In addition to your financial plan attach a report that includes a budget
for the first year expenditure of your new business and answer the
following questions:
a) Describe the products or services that your business will produce.
) Identify which type of forecasting technique you will use to develop further
financial forecasts.
c) How will you analyse these forecasts?
d) What statutory requirements do you need to consider in preparation of
your budget?
e) Describe how you will collect comparative and trend information to support
your budget?
f) Explain your negotiation strategy with the bank manager relating to
acquiring funding for your business project.
g) Describe the records that you will maintain to ensure up-to-date
information about resource allocations and usage
h) How will you report budget performance and expenditure?
i) Explain the risk factors associated with your business idea and the
expected returns?
j) Describe how you plan to monitor the budget in the event of deviations.
3. Obtain financial statements from a company already in existence and
undertake an analysis of these statements by answering the following
questions:
a) Explain the reports that require lodging by this company according to the
Australian Security and Investment Commission.
) Analyse these financial records by applying the horizontal and vertical
analysis methods.
c) Explain whether you think that the organisations financial decisions will
serve to meet the organisations planned outcomes.
4. Meet with your assessor and imagining that he/she is the bank manager
argue a case for financing of your business idea.
Student Declaration:
I declare that the work submitted is my own,
and has not been copied or plagiarised from any
person or source.
Signature_________________________
ASSESSMENT 1: Project
Student Instructions
https:
www.commbank.com.au
usiness/can
usiness-templates-and-forms/financial-plan-template.html
https:
www.commbank.com.au
usiness/can
usiness-templates-and-forms/financial-plan-template.html
M.S Aviation Pty Ltd trading as Australian School of Commerce XXXXXXXXXXPage 5 of 6
Australian School of Commerce
CRICOS Provider Code: 03489A
www.asoc.edu.au
ASSESSOR MARKING CHECKLIST
ASESSMENT 1
All assessors must use this checklist when observing student(s) undertaking their
assessment.
One checklist is to be completed per student(s).
Student
Name:
Student ID:
Student checklist
Serial no. In undertaking this assessment, did the student
1
Prepare a financial plan that includes a cash flow forecast,
alance sheet forecast and
eak even analysis for their new
usiness.
Yes No
2
Attach a report that includes a budget for the first year
expenditure of new business.
Yes No
3
Describe the products or services that their business will
produce.
Yes No
4
Identify which type of forecasting technique they will use to
develop further financial forecasts.
Yes No
5 Explain how will they analyse these forecasts.
Yes No
6
Identify the statutory requirements they need to consider in
preparation of budget.
Yes No
7
Describe how they will collect comparative and trend
information to support their budget.
Yes No
8
Explain their negotiation strategy with the bank manager
elating to acquiring funding for their business project.
Yes No
9
Describe the records that they will maintain to ensure