Stuck in your homework and missing deadline?

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Bsbfim501 assessment task 1

26/03/2021 Client: saad24vbs Deadline: 2 Day

BSBFIM501 Assessment Tasks 1 | P a g e Revised: January 2016

BSBFIM501 Manage Budgets and

Financial Plans

Assessment 1

BSBFIM501 Assessment Tasks 2 | P a g e Revised: January 2016

Assessment 1- Written report

Submission details

The Assessment Task is due on the date specified by your trainer. Any variations to this

arrangement must be approved in writing by your trainer.

See procedure and task specifications below for details.

You must submit both printed copy and soft copy of your answers.

Submit the printed copy of required evidences (your answers) to your Trainer with the

"Assessment Cover Sheet" (Filled out and signed appropriately) attached on top of your


Upload the softcopy on the link provide in the eLearning site.

The Trainer/Assessor may further prompt and question in order to receive answers of

appropriate quality or if further clarification required and to validate authenticity of your

submitted work.

Assessment Description:

Based on your workplace or an organisation of your choice

Students are required to complete 9 tasks in this assessment. This assessment need to be submitted in a report format and in order to be satisfactory in the assessment students are required to complete all tasks. Students can choose the organisation they work at or any other organisation (see the criteria below).


 To be prepared on an individual basis.

 Assessment must be typed.

 Assignments will only be accepted if they have an assignment cover sheet on them signed by the student.

 The whole assessment should not be more than 1500 words (excluding appendices and references).

 All tasks need to be headlined properly. Tasks:

BSBFIM501 Assessment Tasks 3 | P a g e Revised: January 2016

You are required to produce a research and analysis report on the

planning and implementation of financial management approaches,

monitoring/controlling finances and reviewing/evaluating financial

management processes in your organisation or any other organisation

(approved by the trainer). You need to provide details of the organisation

in task 1.

This organisation can’t be a very small size organisation with less than 20

staff members and annual revenue has to be more than a million. The

organisation also needs to be operated in Australia and organisation must

have a website for referencing and need to be referred by students.

You must provide references and website details of the chosen


This will include the following:

1. Provide an overview of the organisation and your business unit

2. Identify the internal strategic goals for this organisation and the

external stakeholders, and discuss their influence on the financial

decisions in to your organisation

3. Discuss the different types of budgets your organisation is required to

prepare and provide an explanation on how each budget is developed

4. List the people, their roles and responsibilities in the organisation

who are involved in the budget process (from planning to

implementation). List the specific budget they are interested in.

5. Discuss the process of negotiating budget funding after they have

been allocated? How would you relate budget changes to your

strategic and business goals

6. Develop a contingency plan to cover changed circumstances and

variations to budgets/financial plans

7. Discuss reports which are required to show an analysis of actual versus budgeted outcomes (variances). How do these reports assist with improving variances and achieving financial objectives?

8. What documentation do you need to manage the expenses and costs in

your organisation? How do you use this to calculate estimates and

develop cost management plans?

BSBFIM501 Assessment Tasks 4 | P a g e Revised: January 2016

9. How would you collect and analyse data and feedback on the

effectiveness of your financial management processes and make

recommendations to make improvement

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper


Instant Homework Helper


She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Guarantee Your Academic Success!

Hire Professional Writers And Get Best Homework Writing Services In Any Subject

6 writers have sent their proposals to do this homework:

ECFX Market
Assignment Solver
Essay & Assignment Help
Financial Hub
Financial Solutions Provider
Pro Writer
Writer Writer Name Offer Chat
ECFX Market


ECFX Market

I am known as Unrivaled Quality, Written to Standard, providing Plagiarism-free woork, and Always on Time

$15 Chat With Writer
Assignment Solver


Assignment Solver

I have read your project details. I can do this within your deadline.

$87 Chat With Writer
Essay & Assignment Help


Essay & Assignment Help

Hello, I an ranked top 10 freelancers in academic and contents writing. I can write and updated your personal statement with great quality and free of plagiarism

$64 Chat With Writer
Financial Hub


Financial Hub

I will cover all the points which you have mentioned in your project details.

$21 Chat With Writer
Financial Solutions Provider


Financial Solutions Provider

I have read your project details. I can do this within your deadline.

$15 Chat With Writer
Pro Writer


Pro Writer

I have read your project details. I can do this within your deadline.

$80 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Windows server 2003 toolkit - Explain why a linear function may not be adequate for describing the supply and demand functions. - What was the occasion for monroe's articulation of this doctrine - Character evolution essay - Dublin west education centre - Night elie wiesel title meaning - Systematic layout planning example - Ecgc premium rates country wise - Powertrain sports inc contribution margin by product - Biomes virtual lab answers key - Autosar crypto service manager - Create a list of stakeholders for the ir planning committee - Advanced Financial Accounting - Comprehensive Consolidation Method - Part 1 and Part 2 - Mathoverflow trap rslogix 500 - Alliteration for falling leaves - Free printable tarot flashcards - Marble launcher lab physics answers - Csi web adventures rookie training - MG375 Unit 1 Assignment - Chapter 13 financial statement analysis - 4 2 presentation marketing channel analysis assignment - Ppm to mg kg - Brewer and treyens 1981 - Palomar health pathmaker - Drug Article - Hershey company 2009 case study solution - Supply create its own demand - Braeden tends to eat whenever he feels bored. his boredom is an example of a(n) - Recognize bias - Data Analysis and Quality Improvement Initiative (1*3) - Grid lines construction drawings - Hilton hotels customizes rooms and lobbies according to location - Tata steel d200 deck - Catalina 34 mkii problems - How to use junket rennet tablets to make cheese - Why does portia give bassanio a ring - Ap psychology unit 2 test - Average mass of a marble in kg - St nicholas at wade parish council - Swiss army fragrance case study - Use the above adjusted trial balance - A christmas carol poverty essay grade 9 - English - Discussion and summary - Layers of fear lock code cat dog rat - Charities sorp frs 102 - Ratios would provide the best information regarding total return to common stockholders - School begins political cartoon meaning - Are helminths multicellular or unicellular - What are the state and federal objectives of punishment - Passenger seat belt laws qld - QUESTIONS - Www hoselink com au - Ms project resource reports - Countess gisela von westarp - The new colossus literary devices - Answer questions - Alternating series estimation theorem - South dakota v. dole - Discussion - Station nightclub fire witness statements - Frito lay crunch tators wikipedia - Capella msn practicum - S ut 1 2at 2 solve for u - Exit through the gift shop worksheet answers - Critical issues in education dialogues and dialectics 8th edition - Servant leadership ethics and entrepreneurism - The globalization of starbucks case study answers - Don cupitt richard dawkins - Ballad worksheets middle school - School Shooting presentation - Www esciencelabs com user register - Module 05 Lab 03 - Equilibrium Simulation - Public Personnel Management - Neutralization of acids and bases lab answers - Writing assignment - What are the problems with a plural executive - Liberty university letter of recommendation - The tuff wheels was getting ready to start its development project for a new product - Apple case study harvard business school - Is texting verbal communication - Unit 9 assignment 1 - The great man approach - Gym management system database - Ottoman science and technology - Hrmanagement simulation answers - Ethics cahn 6th edition pdf - Route 121 bus schedule - What colour does hydrogen burn - Sea turtle webquest answers - Economic Development Incentives - Australian standards tiling falls - Weather wiz kids volcanoes - Kern's book warehouse distributes hardcover - John radcliffe hospital ward map - What functions can companies improve by using wikis for collaboration - Macy's inventory turnover - Name three meals of the day - Warm up cool down pdhpe