BSBFIN801: ASSESSMENT
AVETA – Australian Vocational Education &
Training Academy
RTO# 21888 CRICOS# 02826G
www.aveta.edu.au
Document:
BSBFIN801 Assessment
Released by:
RTO Manager
v1 Last Reviewed: Sep 2021
Page 1 of 31
ASSESSMENT
BSBFIN801
Lead Financial Strategy Development
BSBFIN801: ASSESSMENT
AVETA – Australian Vocational Education &
Training Academy
RTO# 21888 CRICOS# 02826G
www.aveta.edu.au
Document:
BSBFIN801 Assessment
Released by:
RTO Manager
v1 Last Reviewed: Sep 2021
Page 2 of 31
ASSESSMENT COVERSHEET
Student ID AVE03185
Student name Rashpal Singh
Qualification G.D
Unit Title Lead financial strategy development
Unit Code BSBFIN801
Student Declaration
• I declare that the answers I have provided are my own work.
• I have kept a copy of my assessment, all relevant notes and reference material that I used as part of my
submission.
• I understand the consequences of falsifying documentation and plagiarism.
• I understand how the assessment is structured.
• I understand the performance criteria I am being assessed for.
• I am aware of my appeal rights.
Student Signature: _____Rashpal singh________________ Date: ___31/07/2022__________________
SUBMISSION OUTCOME (ASSESSOR USE ONLY)
Outcome
1st Attempt 2nd Attempt
Task 1 Knowledge Test S / NS S / NS
Task 2 Skills Assessment S / NS S / NS
Task 3 Skills Evaluation S / NS S / NS
Overall result C / NYC C / NYC
Date assessed 8/8/22
Assessor Name Zaheer Siddiqui
Assessor Signature ZSiddiqui
Administrative use only
Entered onto Student Management Database ! ________________
Date
________________
Initials
All completed student assessment items for this unit of competency will be securely retained by AVETA for a period of six
months from the date on which the judgment of competence is made.
BSBFIN801: ASSESSMENT
AVETA – Australian Vocational Education &
Training Academy
RTO# 21888 CRICOS# 02826G
www.aveta.edu.au
Document:
BSBFIN801 Assessment
Released by:
RTO Manager
v1 Last Reviewed: Sep 2021
Assessment Instructions
You are advised to commence work on your assessment from week 1 and must submit the completed
assessment in-full by the due date, as published in your timetable.
Purpose and Guidelines
• The assessment tasks are designed to measure your understanding and underpinning skills and
knowledge of this unit of competency.
• You are required to use the space/ templates provided in this document.
• When answering the questions, please ensure you address each criterion and sub-point,
demonstrate your research of each of the questions and cover the topic in a logical and structured
manner.
• Do not start answering questions without understanding what is required from you.
• Read the questions carefully and critically analyse them, this will help you to identify what is needed.
• Seek clarification from your trainer/ assessor, if you are unsure.
• Your answers must demonstrate an understanding and application of relevant concepts, critical
thinking, and good writing skills.
• Be concise to the point and avoid adding any irrelevant information.
• Be careful to use non-discriminatory language. The language used should not devalue, demean, or
exclude individuals or groups based on attributes such as gender, disability, culture, race, religion,
sexual preference or age. Gender-inclusive language should be used.
• You should submit your work as a soft copy format in Microsoft Word/ DOC format.
Active participation
• It is a condition of enrolment that you actively participate in your studies.
• Active participation is attending all classes and completing all tasks on time according to the
requirements specified in the assessment task and by your trainer/ assessor.
Plagiarism
Plagiarism is taking and using someone else’s thoughts, writings or inventions and representing them
as your own. Plagiarism is a serious act and may result in a student’s exclusion from a course. When
you have any doubts about including the work of other authors in your assessment, please consult your
trainer/assessor.
The following list outlines some of the activities for which a student can be accused of plagiarism:
• Presenting any work by another individual as one’s own unintentionally
• Handing in assessments markedly similar to or copied from another student
• Presenting the work of another individual or group as their own work
• Handing in assessments without the adequate acknowledgement of sources used, including
assessments taken totally or in part from the Internet[embeddoc url=”https://www.cheapassignmenthelp.co.uk/wp-content/uploads/2022/08/BSBFIN801-Assessment-v1-MARKED.pdf”]
Copyrights
• You must be careful when copying the work of others.
• The owner of the material may take legal action against you if the owner’s copyright has been
infringed.
• You are allowed to do a certain amount of copying for research or study purposes.
• Generally, 10% or one chapter of a book is acceptable. However, when you quote, paraphrase,
summarise or copy information from the sources you are using to write your answers/ research your
work, you must always acknowledge the source.
BSBFIN801: ASSESSMENT
AVETA – Australian Vocational Education &
Training Academy
RTO# 21888 CRICOS# 02826G
www.aveta.edu.au
Document:
BSBFIN801 Assessment
Released by:
RTO Manager
v1 Last Reviewed: Sep 2021
Competency Outcomes
• Each activity in this assessment tasks will be marked as either Competent or Not Yet Competent
(NYC).
• If your work is marked as NYC you will be provided with feedback from your assessor.
• You will be required to make changes to your submission according to the feedback and resubmit
during the term, ensuring your assessor will have at least 7 business days to re-mark the work.
• Do not leave assessment submissions for the last day. This will increase your chances of being
marked as NYC.
• Please note you will not be able to gain competency if you are submitting any incomplete
assessment.
Resubmissions and reattempts
• Each assessment allows you two submission chances.
• If you are unable to obtain competency in two chances, a resubmission fee of $200 will incur, which
would allow you another two submission chances.
Resources required to complete the assessment
• Computer
• Internet
• Microsoft Word
• Adobe Acrobat Reader
• Learner Guide
Reasonable adjustment of assessment
If you require support due to any of the reasons listed below, please make a request to your trainer/
assessor in writing:
• Physical disability;
• Learning difficulties;
• Health issues;
• Intellectual disability;
• Dyslexia or other forms of learning disability;
• The complexity of learning materials.
It is important to understand that any reasonable adjustments to the assessment tasks undertaken
must not compromise the learning outcome AND outlined criteria.
Recognition of Prior Learning
• RPL is an assessment process that assesses the individual’s non-formal and informal learning to
determine the extent to which that individual has achieved the required learning outcomes,
competency outcomes, or standards for entry to, and/or partial or total completion of, a
qualification.
• If you believe you already possess the skills and knowledge required by this unit and are able to
produce acceptable documentary evidence for each performance criteria as listed on
training.gov.au, please consult your trainer/ assessor.
Credit Transfer
• If you have already obtained competency in this unit in the past, please submit your Statement of
Attainment (SoA) or Transcript officially issued by the Australian RTO, you may be eligible for credit
transfer.
BSBFIN801: ASSESSMENT
AVETA – Australian Vocational Education &
Training Academy
RTO# 21888 CRICOS# 02826G
www.aveta.edu.au
Document:
BSBFIN801 Assessment
Released by:
RTO Manager
v1 Last Reviewed: Sep 2021
Page 5 of 31
• Please submit your SoA or Transcript, prior to the commencement of this unit, to your trainer/
assessor/ admin for review.
BSBFIN801: ASSESSMENT
AVETA – Australian Vocational Education &
Training Academy
RTO# 21888 CRICOS# 02826G
www.aveta.edu.au
Document:
BSBFIN801 Assessment
Released by:
RTO Manager
v1 Last Reviewed: Sep 2021
Page 6 of 31
This Assessment
This assessment is divided in the following tasks:
Type Summary
Task 1 Knowledge Test Answer the given knowledge questions.
Task 2 Skills Assessment A • Accounting software comparison statement
• Develop budgets
• Develop & present PowerPoint presentation
• Conduct & participate in a key stakeholders’ meeting
Task 3 Skills Assessment B • Run an information session
• Develop budget variance statements
• Write a report.
In these tasks, you are required to demonstrate your competency in the following areas:
• establish capacity of existing financial systems by analysing financial reports
• forecast financial data and business system requirements including additional expenditure
requirements
• consult relevant stakeholders, including financial advisers, about financial information to support
decisions
• prepare recommendations and assessment indicators for budget expenditure or for modification of
existing projections according to organisational and legislative requirements
• present recommendations to relevant stakeholders
• identify resourcing requirements to implement financial recommendations
• communicate recommendations to relevant stakeholders including organisational staff
• support staff in implementation of recommendations
• monitor actual income and expenditure against budgets
• identify deviations from budgets that generate an adverse effect on budget objectives
• promptly develop action plans to remedy significant deviations from budget objectives and
projections
• revise budget priorities to meet operational contingencies and risk management
• lead financial strategy development for at least one organisation or work area.
• use and analyse financial and economic information to achieve enterprise objectives and maximise
returns on financial resources
• analyse and use budget systems and reporting processes
• monitor and manage financial resources over a full planning-cycle, including setting targets,
managing risks and improving compliance mechanisms
• revise forecast according to changes in budget deviations.
• financial risk factors and mitigation procedures
• principles of accounting and budgeting including:
• balance sheet ratios
• income statement ratios
• cash flow statement ratios
• income and expenditure
• expenditure forecasting
• contingency plans
BSBFIN801: ASSESSMENT
AVETA – Australian Vocational Education &
Training Academy
RTO# 21888 CRICOS# 02826G
www.aveta.edu.au
Document:
BSBFIN801 Assessment
Released by:
RTO Manager
