cookery project

Student Name

Student Number

Course and Code

Unit(s) of Competency and Code(s)

SITXFIN009 Manage finances within a budget

Stream/Cluster

Trainer/Assessor

Assessment for this Unit of Competency/Cluster

Details

Assessment 1

Short Answers

Assessment 2

Project

Assessment 3

Assessment conducted in this instance: Assessment 1 |_| 2 |X| 3 |_|

Reasonable Adjustment

1. Has reasonable adjustment been applied to this assessment?

No |_| No further information required

Yes |_| Complete 2.

2. Provide details for the requirements and provisions for adjustment of assessment:

Student to complete

|_|

My assessor has discussed the adjustments with me

|_|

I agree to the adjustments applied to this assessment

Signature

Date

2nd Assessor to complete

|_|

I agree the adjustments applied to this assessment are reasonable

Name

Signature

Date

What will be assessed – Performance Evidence

The purpose of this assessment is to assess your ability to complete tasks outlined in elements and

performance criteria of this unit in the context of the job role, and:

manage a budget for a business over a three-month period that meets the specific business’ needs

undertake at least two of the following to inform management of the above budget:

· discussions with existing suppliers

· evaluation of staffing and rostering requirements

· evaluation of impact of potential roster changes

· review of operating procedures

· sourcing new suppliers

monitor income and expenditure and evaluate budgetary performance over the above budgetary life cycle

complete financial reports related to the above budget within designated timelines and using correct budget terminology.

Place/Location where assessment will be conducted

Resource Requirements

computers, printers and accounting software packages

budgets for specific projects, events or operational activities

Pen, Paper, calculator

access to and provisions for completion of reports during the budget cycle

Instructions for assessment including WHS requirements

For the purpose of this assessment project you are required to monitor and manage a budget for a business, for example your workplace or as instructed by your trainer, over a 3 month period. You need to complete the following tasks to reflect how you monitor and accordingly manage the budget and its underlying factors that affect performance.

TYPE of Budget: ___________________________________

Business: ___________________________________

TH&E sector: ___________________________________

Task 1.

Requires you to provide a fortnightly budget report which clearly identifies any under or over performances and the actual and likely reasons for these.

Task 2.

During the monitoring cycle you are required to undertake 2 of the following processes to inform management of the actual budget:

( you clearly need to select these relevant for the performance of your budget; the process you choose will be informed by the type of variance and accordingly, the operational aspect that would need to be investigated )

1. discussions with existing suppliers

2. evaluation of staffing and rostering requirements

3. evaluation of impact of potential roster changes

4. review of operating procedures

5. sourcing new suppliers

Task 3.

You are required to identify any reports, which you need to complete during the 3-month budget cycle. Set the times these are due and complete these reports to the set due dates. Attach each report to this project on completion of the monitoring cycle.

Statement of Authenticity

|_|

I acknowledge that I understand the requirements to complete the assessment tasks

|_|

The assessment process including the provisions for re-submitting and academic appeals were explained to me and I understand these processes

|_|

I understand the consequences of plagiarism and confirm that this is my own work and I have acknowledged or referenced all sources of information I have used for the purpose of this assessment

Student Signature: Date: / /201

This assessment:

First Attempt |_|

2nd Attempt |_|

Extension |_| – Date:    /    /   

RESULT OF ASSESSMENT

Satisfactory |_| Not Yet Satisfactory |_|

Feedback to Student:

Assessor(s) Signature(s):

Date:

   /    /     

Student Signature

Date:

   /    /     

Date

Budget Performance/Area

Variance

Reason

Discussion with supervisor

Action

Budget Cycle Start

Week 2

Week 4

Week 6

Week 8

Week 10

Week 12

Budget Cycle End

Type of report

Frequency

Due Date(s)

Completed by

EXAMPLE

e.g. Stock Take report

monthly

end week 4 (insert date)

end week 8 (insert date)

end week 12 (insert date)

student (you)

A. Johns, supervisor

student (you)

Marking Guide

S

NYS

Comments

Criteria

Task 1

Provides a copy of the opening budget

Provides a copy of the closing budget

Provides a budget report for each fortnight

The performance of each category is identified

The variance for each fortnight is identified

The reasons for variance(s) are identified

Variances are communicated with colleagues/ supervisor

Actions are identified where suitable or applicable

Actions are explored and implemented as applicable

Task 2

2 processes are selected to inform management of budget

The processes are suitable for identified budget variances or operational issues

Details are provided what entailed each process

The details for each process selected are complete

The changes investigated are relevant to improve budget performance

The parties involved are identified

Details for communication are provided

The agreed actions are provided

The changes as a result of undertaking process are outlined

The financial benefit/impact on the budget is explained

Where implementation of changes occurs, each process is explained

Task 3

The type of reports to be completed by the business over the budget cycle are identified

The frequency of reports is identified

The frequency for reports is documented and scheduled

Reports are completed as scheduled

A number of different reports were completed by student relevant to the budget:

1. ______________________________

2. ______________________________

3. ______________________________

4. ______________________________

Reports or copies for reports are attached to the project

List additional criteria as relevant