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5 Feb
2020

Certificate IV Leadership and Management – NO PLAGIARISM

Assessment DetailsQualification Code/Title Certificate IV Leadership and ManagementAssessment Type Assessment – 2 Time allowedDue Date Location Term / YearUnit of CompetencyNational Code/Title BSBFIA412Student DetailsStudent Name Student IDStudent Declaration: I declare that the work submitted is my own, and has not been copied or plagiarisedfrom any person or source. Signature: ____________________________Date: _____/_/_________Assessor DetailsAssessor’s NameRESULTS (Please Circle) ?SATISFACTORY?NOT SATISFACTORYFeedback to student:*If Student is Not SatisfactoryReassessment Required ? Yes ? No2/5/2020 [Solved] 53230 – Assessment DetailsQualification Code/Title Certificatehttps://www.australiabesttutors.com/Recent_Question/53230/Assessment-DetailsQualification-Code-Title-Certificate 3/7Assessor Declaration: I declare that I have conducted a fair, valid, reliable and flexible assessment withthis student, and I have provided appropriate feedback.Signature: ________________________Date: ______/_______/___________Comment:Instructions to the Candidates? This assessment is to be completed according to the instructions given below in this document.? Should you not answer the tasks correctly, you will be given feedback on the results and gaps inknowledge. You will be entitled to one (1) resubmit in showing your competence with this unit.? If you are not sure about any aspect of this assessment, please ask for clarification from your assessor.? Please refer to the College re-submission and re-sit policy for more information.? If you have questions and other concerns that may affect your performance in the Assessment, pleaseinform the assessor immediately.? Please read the Tasks carefully then complete all Tasks.? To be deemed competent for this unit you must achieve a satisfactory result with tasks of thisAssessment along with a satisfactory result for another Assessment.? This is an Open book assessment which you will do in your own time but complete in the timedesignated by your assessor. Remember, that it must be your own work and if you use other sources thenyou must reference these appropriately? Submitted document must follow the given criteria. Font must be Times New Roman, Font size need tobe 12, line spacing has to be Single line and Footer of submitted document must include Student ID,Student Name and Page Number. Document must be printed double sided.? This is Individual Assessments. Once you have completed the assessment, please provide the Hard copyof the Assessments to your Trainer/ Assessor.? Plagiarism is copying someone else’s work and submitting it as your own. Any Plagiarism will result ina mark of Not Satisfactory. SCCM uses Safe Assign Plagiarism Checker to check the originality of thestudent assessment. Student must be aware of and understand the SCCM’s policy on plagiarism andcertify that this assignment is their own work, except where indicated by referencing, and that studenthave followed the good academic practices noted above..Assessment Task 2: Financial activity reporting projectTask summaryYou are required, in the role of the Finance Officer for Landscape Horizons, to compile and analysefinancial data and prepare a number of reports, as well as fill in a BAS form and submit it to their BASagent for approval. You will also provide recommendations on the business in a meeting with the businessowner.This assessment is to be completed in the simulated work environment in the RTO.Required• Access to textbooks and other learning materials• Computer with Microsoft Office and internet access• Assets and Liabilities Data• Recommendations Report Template• Transaction Spreadsheet• Financial Policy and ProceduresTimingYour assessor will advise you of the due date of these submissions.Submit• Required reports• Recommendation Report• Draft BAS FormAssessment criteria2/5/2020 [Solved] 53230 – Assessment DetailsQualification Code/Title Certificatehttps://www.australiabesttutors.com/Recent_Question/53230/Assessment-DetailsQualification-Code-Title-Certificate 4/7For your performance to be deemed satisfactory in this assessment task, you must satisfactorily address allof the assessment criteria. If part of this task is not satisfactorily completed, you will be asked to completefurther assessment to demonstrate competence.Re-submission opportunitiesYou will be provided feedback on their performance by the Assessor. The feedback will indicate if youhave satisfactorily addressed the requirements of each part of this task.If any parts of the task are not satisfactorily completed, the assessor will explain why, and provide youwritten feedback along with guidance on what you must undertake to demonstrate satisfactoryperformance. Re-assessment attempt(s) will be arranged at a later time and date.You have the right to appeal the outcome of assessment decisions if you feel that you have been dealt withunfairly or have other appropriate grounds for an appeal.You are encouraged to consult with the assessor prior to attempting this task if you do not understand anypart of this task or if you have any learning issues or needs that may hinder you when attempting any partof the assessment.Assessment Task 2 InstructionsLandscape Horizons is a gardening business established by Greg James as a sole trader three months ago.The business offers gardening services to residential customers. The business address is Greg’s home 7Mountview Road, Tyagarah NSW 2483. ABN 24 615 058 112.Greg charges an hourly rate of $50. Financial projections show that the annual income will beapproximately $80,000.Greg can already see that he is going to get busier and busier due to the amount of customer enquiries. Herecently had a casual labourer help him out a few times in the last couple of weeks, for one day in total.He has also decided to employ (you) an Accounts Officer part-time to look after the invoicing, accountsand reporting, as this is an aspect of the business he does not want to do himself. He has a Financial Policyand Procedures that a friend wrote for him, and this should be used as guidance.All the transactions for the first three months have been recorded in a spreadsheet but Greg has requestedthat these are now moved into an accounting software system as he believes this will be much moreefficient.Complete the following activities:1. Compile and analyse financial dataReview the Transaction Spreadsheet and research the financial and taxation regulations that would applyto Landscape Horizons.Set up the company in the accounting software system as directed by your assessor.Once you have completed this, you are required to enter the income and expenses for the first threemonths of the financial year from the transaction spreadsheet. For each item you will need to classify thetype of income or expense, establish a relevant code and then record the data against this code.You will also be required to value the assets and liabilities of the business as set out in Assets andLiabilities Data and enter in this into the accounting system using the required accounting method. Checkall of your entered values prior to finalising.Greg has reviewed the data you have entered and has sent you the following email.Dear Finance OfficerI am very happy that we have now moved all of the data into the new accounting system, it will be somuch easier to track.Please advise me of the method you used to value the assets, as I am interested in how this is calculated.Also, I do apologise but I included a set of tyres that I bought for my wife’s car (for $528 on the 31st ofSeptember). They were not a business expense. Please remove them from the calculations.Thanks Greg2. Respond to queriesYou are required to respond to the queries in Greg’s email.2/5/2020 [Solved] 53230 – Assessment DetailsQualification Code/Title Certificatehttps://www.australiabesttutors.com/Recent_Question/53230/Assessment-DetailsQualification-Code-Title-Certificate 5/7Greg has sent you a further email regarding financial reports and seeking your recommendations.Dear Finance OfficerThanks for the information on asset valuation and rectifying the discrepancy with the invoice for the lastmonth.I really want to keep on top of the business and its performance so could you please provide copies of thefollowing to me:• Profit and loss report, including trends in profits as well as expenses over the last three months• Statement of cash flow• Balance sheetI set myself a budget for expenses of $1,000 per month. Please advise of whether this has been achievedfor each month or not.Finally, please provide me with my projected income for the financial year assuming the business movesforward on pretty much the same note.And I would also like you to give me some insight onto what would be possible if I take on Jimmy for twodays a week on a regular basis, paying him $25 per hour and charging out his services to clients at $50 perhour.I would like you to present the information to me at a face to face meeting. I am happy to look at the rawnumbers with you, but if you would like to develop charts or diagrams to assist with the explanation,please feel free to develop these. It is important that you structure and format the reports in a way thatmakes them easy for me to understand.Thanks Greg3. Prepare reportsYou are required to prepare, and download, the reports your client has asked you for using the accountingsoftware provided by your RTO.Using the Recommendations Report Template respond to Greg’s questions in his email.Print out a copy of each of these reports to take to the meeting with Greg.4. Present information to the clientWhen you have prepared the requested reports, meet with the client to discuss these.Show each of the reports to the client, answering any questions they have.You should present the financial issues and requirements clearly, succinctly, using language appropriate tothe audience and the environment.During the meeting, you are required to demonstrate effective communication skills including:• Speaking clearly and concisely• Using non-verbal communication to assist with understanding• Asking questions to identify required information• Responding to questions as required• Using active listening techniques to confirm understanding5. Fill out a draft BASPrint out a copy of the BAS Form.Make sure that it is the most up to date version by visiting the ATO website at:https://www.ato.gov.au/Forms/BAS-F—quarterly-BAS/Using the data you have entered into the accounting system, fill out a BAS Form for Greg with pen orpencil.When you are finished, submit the form to Greg (your assessor) within the timeline that you have been

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