Business Assignment
qoxsi1000
bsbsmb303_assessment_2.docx
BSBSMB303
Organise finances for the micro business
Assessment 2
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Assessment 2 - Project |
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To be administered by the Trainer/Assessor after the completion of all formal information presentation |
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Unit/s of Competency: |
BSBSMB303: Organise finances for the micro business |
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*Student Name: |
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*Student No: |
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*Date: |
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*Assessor Name: |
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*This fields are required to be filled
Assessment 2 – BSBSMB303: Organise finances for the micro business
Please complete the following activities for marking. This forms part of your assessment for BSBSMB303: Organise finances for the micro business.
The following documents are related to this document.
· BSBSMB303 Unit of Competency
· BSBSMB303 Learner Guide
The activity is to be completed and uploaded to Accit Moodle. You are required to research and demonstrate a range of tasks to your teacher or assessor to show that you have the skills to meet the requirements of the unit. Specifically, you must satisfactorily complete each of the following tasks to demonstrate some of the required skills for this unit. You will need to demonstrate that you can apply the concepts discussed. You must also be prepared for further questioning from your teacher or assessor. All work in this activity must be your own, and any material taken from another source must be acknowledged. You will need to access to a computer with internet access to complete this activity. Feedback will be received from the trainer through Moodle.
Declaration
I declare that no part of this assessment has been copied from another person’s work with the exception of where I have listed or referenced documents or work and that no part of this assessment has been written for me by another person. During your online submission, there will be a checkbox which you will have to click to agree with the above condition.
Project
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Objective |
To provide you with an opportunity to demonstrate your knowledge of the entire unit. |
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Project |
For this assessment, you are to create report for your Bed and Breakfast business (±1500 words). You could work in a small group of 2 – 3 people and your report should be submitted to ACCIT Moodle. You want to start a bed and breakfast establishment using a property you own on Kangaroo Island. You estimate that it will cost approximately $80,000to establish and operate the business for the first year. You forecast that you will generate $40,000 in income during that time. You determine that you will need to obtain funds from an external source. Who will you approach to provide funds? What are the advantages or disadvantages of choosing that method? What are the costs of obtaining that type of finance? · Prepare a statement which you will provide to the person or organisation you will approach to provide funds in which you: · Provide details of your own personal financial situation and list any commitments which you have incurred which could affect your ability to invest money or time in your business venture · Estimate the personal drawings you will need to take from the business · Give information about the likely type of establishment and operating costs for the business · Provide information about strategies you will adopt to meet your financial obligations in the future · Give details of the people or organisations you might approach to advice you |
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Comments: Comments will be provided in ACCIT Moodle |
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This declaration will appear when you click submit in ACCIT Moodle. You must click the checkbox to submit. |
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Student Declaration: This assignment is my own work, except where I have acknowledged the use of the works of other people. I have retained a copy for further reference. |
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Assessor: I declare that I have conducted a fair, valid, reliable and flexible assessment with this student, and I have provided appropriate feedback |
Signature: (Please insert a digital signature) |
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Date: |
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ABN: 80 126 576 896 |
National Provider Code: 91412 |
CRICOS Code: 02978C |
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Version: 0.1 |
Doc ID:ACCACA01-1-2426 |
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