Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours 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

I need 3000 words on Skills and Knowledge

26/08/2020 Client: suns Deadline: 2 Day

Attachement:1

1- Skills and Knowledge ActivityEstimated Time 90-120 Minutes 

Objective To provide you with an opportunity to demonstrate your knowledge of the foundation skills, knowledge evidence and performance evidence.

Activity Complete the following individually and attach your completed work to your workbook.


The answers to the following questions will enable you to demonstrate your knowledge of:

 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

 Reading skills

 Writing skills

 Oral communication skills

 Numeracy skills

 Navigate the world of work

 Interact with others

 Get the work done

 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 financial record keeping and auditing

 Describe the principles and techniques involved in managing:

o budgeting

o cash flows

o electronic spreadsheets

o GST

o ledgers and financial statements

o profit and loss statements.







Answer the questions in as much detail as possible, considering your organisational requirements for each one.




1. As a project, for your organisation manage and monitor producing budget requirements with your team, include the following:


 Evidence of your financial skills working with budgets and financial planning, including relevant principles and techniques as per the table below

 Principles and techniques

Budgeting

Cash flows

Electronic spreadsheets

GST

Ledgers and financial statements

Profit and loss statements




 The key requirements of financial record keeping and auditing, relevant legislation and current requirements of the Australian Taxation Office

 Evidence of working with and supporting your team and how you have disseminated relevant details to them

 Produce a final budget(s) and financial plan which includes recommendations and contingency plans for presenting to the appropriate senior person(s) in your organisation.


2. Present and discuss your budget(s) and financial plan with the appropriate senior person(s), with the aim of clarifying, reviewing and making recommendations for improvements to financial management procesMajor Activity A        

Estimated Time 60-90 Minutes

Objective To provide you with an opportunity to demonstrate your knowledge of the entire unit.

Activity The attached 2014 budgeted cash flow figures from DL Services are to be used for this activity. Use the data in the income statement to complete the actual figures for DL Services for 2014. Examine the cash flows and analyse if this is sustainable for the business. Calculate the variances. Document any outstanding variances and identify possible explanations for these variances. What improvements would you make to help control these costs in 2015?


Line item 2014 Budget $ 2014 Actuals $ % Variance 

Cash sales 230000

Payments from debtors 250000

Interest received 2100

Payments to creditors -140000

Salaries -23000

Interest paid -4100

Operating expenses -22000

Proceeds from sale of assets 0

Purchase of vehicle 0

Purchase of shares -17000

Proceeds from call on shares 12000

Loan from Commonwealth Bank 0

Repayments of loan -14000

Payment of dividends -16000

Collected GST 16200

GST Paid -18400

GST settlement paid to ATO -2200

Net change in cash

Income Statement 2014 


Line item Debit $ Credit $ 

Cash sales 21000

Payments from debtors 215000

Interest received 2350

Payments to creditors 132000

Salaries 29700

Interest paid 6200

Operating expenses 37000

Proceeds from sale of assets 18200

Purchase of vehicle 37000

Purchase of shares 17000

Proceeds from call on shares 9000

Loan from Commonwealth Bank 150000

Repayments of loan 14000

Payment of dividends 37000

Collected GST 16000

GST Paid 14000

GST settlement paid to ATO 2000

Net change in cash


 Is the cash source in 2014 sustainable? Explain your reasons. 

What correct measures would you implement for 2015? 

Who could you speak to within the organization to clarify the budget and financial plans? Who might you need to negotiate with? 

What would be the key steps involved in implementing these corrective actions? Who would you communicate this to? 


What resources and systems would you use and how could you access these? 


What data would you analyse to see if your changes were effective? Where would you get this data? Mention key personnel and reports you could use. 


What contingencies should be considered for 2015? 


Major Activity B        

Estimated Time 60-90 Minutes

Objective To provide you with an opportunity to demonstrate your knowledge of the entire unit.

Activity This is a major activity Attach your completed answers to the workbook.

You must individually, answer the following questions in full to show your competency of each element:

1. Plan financial management approaches

2. Implement financial management approaches

3. Monitor and control finances

4. Review and evaluate financial management processes


1. Create a draft contingency plan for your financial management system.


2. Communicate to your team members the relevant details of current budget/financial plans for carrying out work tasks. If you need to negotiate further changes to the budget/plans, ensure this is done with the relevant person(s)? How would you support your team to perform their financial roles?


3. For your organisation’s financial planning requirements produce the following:


 A flow chart to show how you review and evaluate financial management processes

 A mind map to outline the planning approaches for financial management.


4. Provide information and evidence of monitoring processes that you use at your place or work, to ensure finances and budget are meeting their targets?

(Minimum 1000 words of analysis)

















Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

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!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Top Grade Tutor
Study Master
Writing Factory
Writer Writer Name Offer Chat
Top Grade Tutor

ONLINE

Top Grade Tutor

I am highly qualified expert, working from 2008-9 in this industry. I have all relevant skills and expertise related to your project. To ensure my potential must visit my profile to check my ratings and uploaded samples. Thanks :--)

$80 Chat With Writer
Study Master

ONLINE

Study Master

I am highly qualified expert, working from 2008-9 in this industry. I have all relevant skills and expertise related to your project.

$75 Chat With Writer
Writing Factory

ONLINE

Writing Factory

I can help you with creating a presentation of one slide for The Word of William Hunter. I will be happy to offer you 100% original work with high-quality standard, professional research and writing services of various complexities.

$65 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

Croajingolong national park camping - Webmail rvc ac uk - Umuc haircuts case study - How to convert db to watt - Post - Help with case Analysis aviation law - Fmagx quote - Crypto mole worksheet - MANAGING IN A GLOBAL ECONOMY - Everything's an argument chapter 13 notes - Velasquez at the met - Film analysis thesis statement examples - Gilbert cell mixer analysis - Isbn 0 205 34405 4 - Chapter 11 sequences and series answers - Dual simplex method ppt - Matg - What is a prodrug - HR assignment 8 - Method overloading and method overriding in java with examples - Listening skills in counselling ppt - Creac legal writing example - Co active coaching certification - Creating, Choosing and Analyzing an Operating Budget - Birth order characteristics chart - Punchline algebra book a 7.17 answer key - English 30 2 literary exploration topics - Self ionization of water formula - Chapter 7 circular motion and gravitation test b answers - Information systems for managers 2nd edition - Cultural Relativism. - Discussion - Mcgraw hill backpack marketing simulation how to win - Power point - Issues in ethics iie v1 n1 - They say i say chapter 4 - Window of tolerance worksheet - How to make flowchart in word 2007 - Python payroll program - Monash lss clerkship guide - Mcafee agent for linux installation guide - How to draw men's moe characters face & body pdf - Importance of ritz carlton wow stories - Electrician pre apprenticeship perth - Workers performing similar work are paid more in some industries than others. Explain why this is so. - Ispca tralee co kerry - Production of ethanol from waste paper - Tasmania police scanner frequencies - Blank verse in doctor faustus - Difference between a leader and a manager in nursing - Company/corporation/organization that has been lauded for its innovative business practices - Apps twc state tx us ubs login - App Sec - Macbeth movie 2006 online - Ethical issues in psychological assessment ppt - Specialised movement sequences in basketball - Fair n lovely new ad - Secondary Research Article - She walks in beauty title analysis - An electrical firm manufactures a 100 watt light bulb - Assignment - Diz co is a us based mnc - Discussion 1 and 2 - Asch conformity experiment replication - English 111 - Penner medical products case study solution - The role and functions of law eth 321 - Dr rooney shaw heath - Hr case study with solution ppt - Emily nagoski come as you are summary - Java fundamentals a comprehensive introduction by herbert schildt pdf download - Business Math - Silas marner chapter 4 summary - Load testing of cranes - Conjunctive normal form algorithm - What is needed to determine a facility's cmi - Conclusion for programming report - Fontaine fifth wheel air cylinder - Seven domains of nursing practice benner - English-Final Draft of Essay #3 - Disturbed personal identity nursing care plan - Pulsar masterpiece 108 manual - Mapping-Web - Figurative language quiz 1 - Mcgraw hill chapter 8 answers - Adjust or accustom crossword 6 - To manufacture an automobile requires painting drying and polishing - Acid base extraction lab report discussion - Type of molecule with an uneven distribution of electrons - It's like pulling teeth case study - Christchurch city council cemeteries - Stream table lab worksheet - Discussion Board - Holst second suite in f movement 4 - El enfermero le la temperatura al paciente. (tomar, ir) - +91-8306951337 get your love back by vashikaran IN Ujjain - Staffing metric - Formative assessment examples for science - Aswath damodaran personal portfolio - Essay