代写 BSBFIM501 Manage budgets and financial plans

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代写 BSBFIM501 Manage budgets and financial plans

Assessment Requirements for BSBFIM501

Manage budgets and financial plans

Release: 1

Assessment Requirements for BSBFIM501 Manage budgets and financial plans  Date this document was generated: 6 July 2016

Approved  Page 2 of 3

© Commonwealth of Australia, 2016  Innovation and Business Skills Australia

Assessment Requirements for BSBFIM501 Manage budgets and

financial plans

Modification History

Release  Comments

Release 1  This version first released with Business Services Training

Package Version 1.0.

Performance Evidence

Evidence of the ability to:

  use financial skills to work with and interpret budgets, ageing summaries, cash flow, petty

cash, Goods and Services Tax (GST), and profit and loss statements

  communicate with relevant people to clarify budget/financial plans, negotiate changes and

disseminate information

  prepare, implement and modify financial contingency plans

  monitor expenditure and control costs

  support and monitor team members

  report on budget and expenditure

  review and make recommendations for improvements to financial processes

  meet record keeping requirements for the Australian Taxation Office (ATO) and for

auditing purposes.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least

once.

Assessment Requirements for BSBFIM501 Manage budgets and financial plans  Date this document was generated: 6 July 2016

Approved  Page 3 of 3

© Commonwealth of Australia, 2016  Innovation and Business Skills Australia

Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must:

  describe basic accounting principles

  identify and explain the relevant legislation and current requirements of the Australian

Taxation Office, including the Goods and Services Tax (GST)

  explain the key requirements for financiall record keeping and auditing

  describe the principles and techniques involved in managing:

  budgeting

  cash flows

  electronic spreadsheets

  GST

  ledgers and financial statements

  profit and loss statements.

Assessment Conditions
代写 BSBFIM501 Manage budgets and financial plans

Assessment must be conducted in a safe environment where evidence gathered demonstrates

consistent performance of typical activities experienced in the financial management field of

work and include access to:

  resources and documentation used in the workplace

  workplace policies and procedures

  workplace budgets and financial plans

  business technology

  case studies and, where available, real situations.

Assessors must satisfy NVR/AQTF assessor requirements.

Links

Companion volumes available from the IBSA website:

http://www.ibsa.org.au/companion_volumes -

http://companion_volumes.vetnet.education.gov.au/Pages/TrainingPackage.aspx?pid=13
代写 BSBFIM501 Manage budgets and financial plans