16 ADDENDUM | © 2020 YOUNG RABBIT PTY LTD, AUSTRALIAN PACIFIC COLLEGE BSB61315 ADVANCED DIPLOMA OF MARKETING AND COMMUNICATION and BSB61015 ADVANCED DIPLOMA OF LEADERSHIP AND MANAGEMENT and BSB61218...

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ADDENDUM | © 2020 YOUNG RABBIT PTY LTD, AUSTRALIAN PACIFIC COLLEGE
BSB61315 ADVANCED DIPLOMA OF MARKETING AND COMMUNICATION and BSB61015 ADVANCED DIPLOMA OF LEADERSHIP AND MANAGEMENT and
BSB61218 ADVANCED DIPLOMA OF PROGRAM MANAGEMENT | FINANCIAL MANAGEMENT 2_V6.5
ASSESSMENT 1
Course Name
BSB61315
Advanced Diploma of Marketing and Communication
BSB61015
Advanced Diploma of Leadership and Management
BSB61218
Advanced Diploma of Program Management
Subject/module Financial Management 2
Assessment method
Part A: Case Study/Practical
Part B: Case Study/Practical
Weighting 50%
Units of Competency
BSBFIM601
Manage Finances
Instructions
1. Assessments should be completed as per your trainer’s instructions.
2. Assessments must be submitted by the due date to avoid a late submission
penalty.
3. Plagiarism is copying someone else’s work and submitting it as your own.
You must write your answers in your own words and include a reference
list. A mark of zero will be given for any assessment or part of an
assessment that has been plagiarised.
4. You may discuss your assessments with other students, but submitting
identical answers to other students will result in a failing grade. Your
answers must be yours alone.
5. Assessments must be submitted through the submissions folder in
myAPC.hub in MS Word format where possible, or in PDF as per your
trainer’s instructions. Cover sheets are to be submitted as separate files.
(Note if you do not have Microsoft Word software on your computer you can
work in Google docs and download your completed task in the MS Word
format prior to submission upload)
6. You must attempt all questions.
7. You must pass all assessments in order to pass the subject.
8. All assessments are to be completed in accordance with WHS regulatory
equirements.
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ADDENDUM | © 2020 YOUNG RABBIT PTY LTD, AUSTRALIAN PACIFIC COLLEGE
BSB61315 ADVANCED DIPLOMA OF MARKETING AND COMMUNICATION and BSB61015 ADVANCED DIPLOMA OF LEADERSHIP AND MANAGEMENT and
BSB61218 ADVANCED DIPLOMA OF PROGRAM MANAGEMENT | FINANCIAL MANAGEMENT 2_V6.5
Assessment 1
Part A – Case Study/Practical
Your Task
1. Use the internet to RESEARCH and discuss the importance of workplace
eview and evaluation in the context of monitoring financial plans. Include in
your report how work health and safety programs within an organisation can
have affect on the financial performance of an organisation.
2. DISCUSS how you would analyse the effectiveness of financial monitoring and
planning.
3. OUTLINE how you would monitor such improvements that are made in the
monitoring of procedures.
4. VISIT some internet search sites and research and provide information on:
a. Bilateral or regional trade agreements
. International Commercial Terms (INCOTERMS)
c. Competition and Consumer Act (2010)
d. Warsaw Convention
e. World Trade Organisation determinations.
5. OUTLINE the requirements of the Australian Tax Office, including Goods and
Services Tax, Company Tax, PAYG. Include in your answer areas such as:
a. Internal control procedures an organisation would need to have
. Reporting periods for GST, Company Tax and PAYG
c. Outline the statutory forms that organisations are required to utilise when
eporting their tax commitments.
6. OUTLINE the guidelines for businesses operating in Australia in regards to
eporting of duty, excise and other overseas government charges.
7. DESCRIBE the discrepancies in business transactions that would not
e acceptable and what processes can an organisation have to avoid
discrepancies in their business transactions.
The project must be typed and presented in a professional report format. Each
question should be answered in three (3) paragraphs.
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ADDENDUM | © 2020 YOUNG RABBIT PTY LTD, AUSTRALIAN PACIFIC COLLEGE
BSB61315 ADVANCED DIPLOMA OF MARKETING AND COMMUNICATION and BSB61015 ADVANCED DIPLOMA OF LEADERSHIP AND MANAGEMENT and
BSB61218 ADVANCED DIPLOMA OF PROGRAM MANAGEMENT | FINANCIAL MANAGEMENT 2_V6.5
Assessment 1
Part B – Case Study/Practical
Proactive Management Consultants
Read the case study on Proactive Management Consultants Pty Ltd below.
Your Task
1. Prepare you cash sales income for each month (taking into consideration
your accounts receivable information).
2. a. Calculate variance ($) & (%) for each period as requested (5 x Financial
Reports contained in the assessment).
. Complete each cashflow opening balance, receipts, payments & closing
alance for each actual month.
3. Highlight three “unfavourable” variants and provide recommendations.
4. Notate your recommendations to PMC on actual sales and expenditure for
the following months:
• July
• August
• Septembe
• Octobe
• November.
5. Complete a new budget based on your recommendations.
Proactive Management Consultants
Proactive Management Consultants Pty Ltd (PMC) are a small service
organisation that provide consultative services to a wide variety of clients and
have been in existence for just over five years. Typically, they advise their clients
on professional development opportunities, organisation structure and simple
training initiatives.
While the past 12 months have been profitable for PMC, they face a very
uncertain future. Reducing government support, the global financial crisis, an
increasingly competitive market and a client base that already believes they are
already paying too much.
PMC prides itself on the advice they give their clients, however, finance has
never been their strength. The PMC Board has approached your company to
provide monthly financial reports and recommendations on how they should
proceed with their financial plans.
PMC has provided each month’s sales and expenditure data from which they
equire your company to complete the reporting in the templates provided,
interpret the data and provide recommendations.
Accounts payable are entirely paid month-to-month. Accounts receivable are
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ADDENDUM | © 2020 YOUNG RABBIT PTY LTD, AUSTRALIAN PACIFIC COLLEGE
BSB61315 ADVANCED DIPLOMA OF MARKETING AND COMMUNICATION and BSB61015 ADVANCED DIPLOMA OF LEADERSHIP AND MANAGEMENT and
BSB61218 ADVANCED DIPLOMA OF PROGRAM MANAGEMENT | FINANCIAL MANAGEMENT 2_V6.5
calculated at 60% cu
ent month, 30% last month, 10% second to last month –
actual May sales – $42,100; actual June sales – $47,300. These figures will be
equired to determine actual sales receipts for July and August.
PMC has also provided you with a list of initiatives they had planned to undertake
over the next six months. They have budgeted for these in their financial
planning and they need you to consider them in your recommendations.
They are:
a. Anticipate large invoicing month in July due to number of leads.
. All company motor vehicle registrations and insurance are due in July,
$18,000.
c. 15th August moving to new premises whereby rent increases to $3,500 per
month.
d. To increase productivity PMC will upgrade all computers under expensed
equipment in September at $12,000.
e. Have sought an aggressive advertising campaign in October to invigorate lost
clientele, $16,000.
f. Due to advertising campaign, PMC are recruiting two new consultants in
October. This will add 30% to November and December’s payroll and $10,000
in recruitment and training during October. It will also result in increased
usiness (40% November and December).
g. Purchasing a licence to deliver an innovative training program in November
for $20,000. Have contractual agreements in January and Fe
uary that will
generate $32,000 in sales.
h. Three employees on annual leave will have 50% impact on sales in
November.
i. Conducting a professional development week for all staff in December,
$18,000.
j. Employee bonuses due in December, anticipate $16,000.
Source: Innovation and Business Skills Council Ltd, 2009


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Jul 0X Budget $ Over Budget % of Budget Aug 0X Budget $ Over Budget % of Budget
Ordinary Income/Expense
Income
Reimbursed Expenses XXXXXXXXXX
Sales XXXXXXXXXX
Services 0 100
Total Income XXXXXXXXXX
Expense
Bank Service Charges 50 50
Books and Publications XXXXXXXXXX
Dues and Subscriptions 50 50
Expensed Equipment XXXXXXXXXX
Advertising XXXXXXXXXX
Insurance XXXXXXXXXX
Finance Charge 100 10
Loan Interest XXXXXXXXXX
Licenses and Permits 700 0
Motor Expense XXXXXXXXXX
Office Supplies XXXXXXXXXX
Payroll Expenses XXXXXXXXXX
Postage and Delivery 20 20
Printing and Reproduction XXXXXXXXXX
Accounting Fees 0 1200
Legal Fees 0 0
Recruitment & Training 0 500
Rent XXXXXXXXXX
Repairs XXXXXXXXXX
Software Expense 300 60
Stamp Duty XXXXXXXXXX
Telephone XXXXXXXXXX
Travel & Ent XXXXXXXXXX
Utilities XXXXXXXXXX
Total Expense XXXXXXXXXX
Net Income (EBIT XXXXXXXXXX
Opening Balance 51, XXXXXXXXXX
Receipts XXXXXXXXXX
Payments XXXXXXXXXX
Closing Balance XXXXXXXXXX
Proactive Management Consultants Pty Ltd - Financial Data - July to December 200X
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Proactive Management Consultants Pty Ltd – Financial Data – July to December 200X
Sep 0X Budget $ Over Budget % of Budget 1st Quart Budget $ Over Budget % of Budget
Ordinary Income/Expense
Income
Reimbursed Expenses XXXXXXXXXX
Sales XXXXXXXXXX
Services XXXXXXXXXX
Total Income XXXXXXXXXX
Expense
Bank Service Charges 50 150
Books and Publications XXXXXXXXXX
Dues and Subscriptions 50 150
Expensed Equipment XXXXXXXXXX
Advertising XXXXXXXXXX
Insurance XXXXXXXXXX
Finance Charge 10 120
Loan Interest XXXXXXXXXX
Licenses and Permits 0 700
Motor Expense XXXXXXXXXX
Office
Oct 30, 2021ENT100ICMS (International College of Management Sydney)
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