BSBFIM601 Manage Finances : Determine Management

BSBFIM601 Manage Finances : Determine Management

$20 Bonus + 25% OFF

Securing Higher Grades Costing Your Pocket?
Book Your Assignment at The Lowest Price
Now!

Students Who Viewed This Also Studied

BSBFIM601 Manage Finances

Task

Part A

For this assessment, students are to utilise the data in the Appendices regarding Ed’s Whitegoods. The instructor can role-play the part of Edward Tan, the proprietor and will give any additional information required, including company policies and procedures, milestones etc.

Students are to undertake the following:

• List all personnel you would consult with in order to gain adequate advice prior to commencing your reports.

• Consult with your instructor to determine management requirements

• Outline the statutory requirements in relation to compliance and tax that affect your budget

• Prepare a 1 year budget & projected financial statement including:

Sales forecast, taking into account additional information in Appendix 5

Estimated expenses / inventory costs

Estimated profits

Ensure report layout and format comply with management information requirements, are clear and error-free

Note: Students must use appropriate spreadsheet or accounting software to undertake this task.

Students must ensure that estimates of future cash flow, costs and revenues are realistic in context of the available information at the time of creating the budget. Changes in circumstances should be anticipated as best as possible with particular emphasis on financial risks and creating protection strategies in accordance with organisational procedures. Any liaison with the proprietor of the business to determine milestones, policies, goals etc. should be carried out with your instructor, who will role play the relevant parts.

Assessment Summary

You are to submit the following evidence / perform the following tasks

• Develop and submit your annual budget as outlined above

Part B

Now you are to take your completed budget and arrange an appointment with your assessor, who will

role-play a finance specialist. In this meeting, you are to

• Manage the meeting direction and progress

• Discuss with the finance specialist the aspects of your budgets / financial plans (the package)

•Have your package reviewed, ensuring your validate your reasons and proposals

• Amend / revise your package as appropriate

You must now:

• Detail in writing all delegations and budget accountabilities for implementation and management of your package

• Develop a written procedure that details the recording systems and documentation process you will follow

for monitoring and controlling all activities against your plans.

• Develop a risk management and contingency plan for all your proposed financial plans; along with a policy and procedure to be followed when implementing these plans

• Develop a policy and procedure that outlines proper maintenance of records of financial performance and

provides for evaluation of the effectiveness of your financial management process

BSBFIM601 Manage Finances

Answer in Detail


Solved by qualified expert

Get Access to This Answer

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

14 More Pages to Come in This Document. Get access to the complete answer.

Online assignment help was never this economical before the arrival of MyAssignmenthelp.com. Students from UK, US and Australia, are facilitated with quality assignments at a remarkably low-price. On-time delivery is one of our brand values that dictate our service efficiency. Each from the pool of our 3000+ authors is PhD holder with minimum five years of experience in the writing industry. MyAssignmenthelp.com ensures 100 percent money back on not meeting the prospects that we promised for. Get fastest response from our support team any time according to your feasibility. Come up with one mistake in our delivered essays, we will serve you with free amendments. What are you waiting for? Get the best price deal now!

More BSBFIM601 BSBFIM601 Manage Finances: Questions & Answers

Humanities

using the below links for the following assignment How does exposure to carbon prices and fuel prices impact on industry competitiveness by sector? provide a 900-word (excluding references) comprehensive literature review summarising the impact on pricing strategy and competitiveness. …

View Answer

FNSACC301 Process Financial Transactions and Extract Interim Reports

Question 1What is the debit and credit formula for each account type? (50– 70 words)Question 2What should be done before taking a deposit to the bank? (80–100 words)Question 3List and briefly describe five errors that are typically made when processing financial transactions. (80–1 …

View Answer

Management

This is kust a PowerPoint presentation about Woodside Petroleum Ltd, and the topic is Qualitative characteristic financial of information. I would like to have 5 slides of company overview, 10 slides of the topic explaination and a slide of reference. …

View Answer

Accounting/Standards Concepts

1.    The CEO has forwarded to you an interesting article2.    She requires you to provide her with a deeper theoretical understanding of the issues discussed.3.    Find an article – provide a copy with your report4.    Explain in you …

View Answer

Content Removal Request

If you are the original writer of this content and no longer wish to have your work published on Myassignmenthelp.com then please raise the
content removal request.

Choose Our Best Expert to Help You





Isabelle Underwood

post graduation degree from Massachusetts Institute of Technology in Agricultural Engineering.

900 – Completed Orders

Hire Me

Still in Two Minds? The Proof is in Numbers!

33845 Genuine Reviews With a Rating of 4.9/5.

Marketing

Assignment: 4 Pages, Deadline:
4 days

Good job, I am happy with the amazing services and completed work given. Thank you very much for helping me receive a good mark. Will definitely work …

User ID: 2***91 Kuala Lumpur, Malaysia

Management

Thesis: 1 Page, Deadline:
6 days

Thanks to your efforts. it’s well researched and well written your idea. Really appreciate it.

User ID: 6***55 Kuala Lumpur, Canada

Property Law

Assignment: 1.4 Pages, Deadline:
12 hours

It is a good job but there are no references given that I can refer back to it. I hope if the expert read this, please send me the references.

User ID: 8***44 Kuala Lumpur, Malaysia

Healthcare

Programming: 2 Pages, Deadline:
13 days

The writers are very kind and they revise the work for you if you’re not completely satisfied. I would recommend them

User ID: 7***23 Kuala Lumpur, Canada

Finance

Assignment: 1 Page, Deadline:
12 days

Thank you very much for preparing the PowerPoint presentation. I appreciate you going back and doing what I requested. I used a different PowerPoint …

User ID: 8***35 Kuala Lumpur, United States

Database

Assignment: 16 Pages, Deadline:
1 day

Excellent job, I am very surprised! Well done! I,d like to work with this expert in the future!

User ID: 5***90 United Kingdom, Great Britain

English

Essay: 4 Pages, Deadline:
2 days

Excellent and wonderful work. Thank you for the effort and thank you for your cooperation, expert. It is indeed a complete and excellent file, and it …

User ID: 9***3 United Kingdom, Kuwait

Management

Home Work: 1 Page, Deadline:
1 day

Great job. Thanks for the help on this assignment. I got an A. Will use expert again.

User ID: 5***56 San Francisco, United States

Statistics

Assignment: 3 Pages, Deadline:
4 days

Well done, sent detailed explanation of each part from your side, though you missed output of first task got 74 out of 100. Thank you

User ID: 8***63 United Kingdom, Great Britain

Marketing

Assignment: 3 Pages, Deadline:
2 days

The solution is legendary. Thank you, thank you, thank you, and thank you for your cooperation and patience with me, and I am sorry for any actions. …

User ID: 9***3 United Kingdom, Kuwait

Marketing

Programming: 6 Pages, Deadline:
2 days

Thank you so much Professor Thomas Lee. i got 21/30 for my assignment, definitely will ask for you to do the part two

User ID: 2***37 Sydney, Australia

Statistics

Home Work: 1 Page, Deadline:
6 days

Second writer did a great job to complete the task… Thank must go to the second writer and my assignment help group.

User ID: 8***32 Sydney, Sri Lanka

Maths

Home Work: 1 Page, Deadline:
3 days

The assignment was done with complete details showing all the essential steps. I am very happy with the work.

User ID: 4***77 Sydney, United States

Management

Assignment: 0 Pages, Deadline:
5 days

Great work on this assignment and I will definitely be returning for additional help

User ID: 6***02 Sumter, United States

Psychology

Essay: 1 Page, Deadline:
15 hours

Perfect job and a quick job done by the writer. Thanks for the help. Grammar and sentences was great

User ID: 7***54 Sumter, Spain

Assignment

Essay: 8 Pages, Deadline:
13 days

Good work but cloud be better, hope next work is better sadasdasdasdasdasasdsadsadsadas

User ID: 5***28 United Kingdom, Great Britain

HRM

Assignment: 6 Pages, Deadline:
22 days

I am really happy with the result, even though I had to make adjustments, and I got a good grade for it.

User ID: 5***20 United Kingdom, France

Marketing

Home Work: 1 Page, Deadline:
3 days

Thank you so much! taking a time to do Thank you so much! taking a time to do my assignment my assignment

User ID: 6***98 United Kingdom, United States

Assignment

Essay: 4.8 Pages, Deadline:
10 days

A very well presented assignment, all the ideas were very well explained, easy to understand. Definitely will recommend .

User ID: 8***07 United Kingdom, Denmark

Business Law

Home Work: 0.9 Pages, Deadline:
1 day

Thank you, very much ????????????! I’m looking forward to working with you guys again.

User ID: 8***94 United Kingdom, Canada

Marketing

Assignment: 4 Pages, Deadline:
4 days

Good job, I am happy with the amazing services and completed work given. Thank you very much for helping me receive a good mark. Will definitely work …

User ID: 2***91 Kuala Lumpur, Malaysia

Management

Thesis: 1 Page, Deadline:
6 days

Thanks to your efforts. it’s well researched and well written your idea. Really appreciate it.

User ID: 6***55 Kuala Lumpur, Canada

Property Law

Assignment: 1.4 Pages, Deadline:
12 hours

It is a good job but there are no references given that I can refer back to it. I hope if the expert read this, please send me the references.

User ID: 8***44 Kuala Lumpur, Malaysia

Healthcare

Programming: 2 Pages, Deadline:
13 days

The writers are very kind and they revise the work for you if you’re not completely satisfied. I would recommend them

User ID: 7***23 Kuala Lumpur, Canada

Finance

Assignment: 1 Page, Deadline:
12 days

Thank you very much for preparing the PowerPoint presentation. I appreciate you going back and doing what I requested. I used a different PowerPoint …

User ID: 8***35 Kuala Lumpur, United States

Database

Assignment: 16 Pages, Deadline:
1 day

Excellent job, I am very surprised! Well done! I,d like to work with this expert in the future!

User ID: 5***90 United Kingdom, Great Britain

English

Essay: 4 Pages, Deadline:
2 days

Excellent and wonderful work. Thank you for the effort and thank you for your cooperation, expert. It is indeed a complete and excellent file, and it …

User ID: 9***3 United Kingdom, Kuwait

Management

Home Work: 1 Page, Deadline:
1 day

Great job. Thanks for the help on this assignment. I got an A. Will use expert again.

User ID: 5***56 San Francisco, United States

Statistics

Assignment: 3 Pages, Deadline:
4 days

Well done, sent detailed explanation of each part from your side, though you missed output of first task got 74 out of 100. Thank you

User ID: 8***63 United Kingdom, Great Britain

Marketing

Assignment: 3 Pages, Deadline:
2 days

The solution is legendary. Thank you, thank you, thank you, and thank you for your cooperation and patience with me, and I am sorry for any actions. …

User ID: 9***3 United Kingdom, Kuwait

Marketing

Programming: 6 Pages, Deadline:
2 days

Thank you so much Professor Thomas Lee. i got 21/30 for my assignment, definitely will ask for you to do the part two

User ID: 2***37 Sydney, Australia

Statistics

Home Work: 1 Page, Deadline:
6 days

Second writer did a great job to complete the task… Thank must go to the second writer and my assignment help group.

User ID: 8***32 Sydney, Sri Lanka

Maths

Home Work: 1 Page, Deadline:
3 days

The assignment was done with complete details showing all the essential steps. I am very happy with the work.

User ID: 4***77 Sydney, United States

Management

Assignment: 0 Pages, Deadline:
5 days

Great work on this assignment and I will definitely be returning for additional help

User ID: 6***02 Sumter, United States

Psychology

Essay: 1 Page, Deadline:
15 hours

Perfect job and a quick job done by the writer. Thanks for the help. Grammar and sentences was great

User ID: 7***54 Sumter, Spain

Assignment

Essay: 8 Pages, Deadline:
13 days

Good work but cloud be better, hope next work is better sadasdasdasdasdasasdsadsadsadas

User ID: 5***28 United Kingdom, Great Britain

HRM

Assignment: 6 Pages, Deadline:
22 days

I am really happy with the result, even though I had to make adjustments, and I got a good grade for it.

User ID: 5***20 United Kingdom, France

Marketing

Home Work: 1 Page, Deadline:
3 days

Thank you so much! taking a time to do Thank you so much! taking a time to do my assignment my assignment

User ID: 6***98 United Kingdom, United States

Assignment

Essay: 4.8 Pages, Deadline:
10 days

A very well presented assignment, all the ideas were very well explained, easy to understand. Definitely will recommend .

User ID: 8***07 United Kingdom, Denmark

Business Law

Home Work: 0.9 Pages, Deadline:
1 day

Thank you, very much ????????????! I’m looking forward to working with you guys again.

User ID: 8***94 United Kingdom, Canada

Have any Query?

QUALITY: 100% ORIGINAL PAPER – NO PLAGIARISM – CUSTOM PAPER