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Debtor Management Project

   

Added on  2019-09-27

55 Pages12103 Words416 ViewsType: 416
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STUDENT ASSESSMENT BOOKLETBSBFIM601 Manage Finances _______________________________________________________________________________________Student Name: ____________________________________________________________________________________________________________________________________________________________________________________________________________________________Student ID:________________________________________________________
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Version controlVersion No.DateDept.Change1.0TrainingOriginal 2.0 13/06/2019TrainingUpdated template 2.124/7/2019 Training Revised questions & model answersCopyright Statement© Copyright Clinton Institute DisclaimerAll rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, scanning, recording, or any information storage retrieval system without permission in writing from Clinton Institute. No patent liability is assumed with respect to the use of information used herein. While every effort has been taken in the preparation of this publication, the publisher and authors assume no responsibility for errors or omissions. Neither is any liability assumed for damages resulting from the use of information contained herein.
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Contents..................................................................................................................................................3Introduction.............................................................................................................................................4Assessment Plan.....................................................................................................................................8Assessment Task Cover Sheet – Assessment Task 1..............................................................................9Assessment TASK 1: WRITTEN QUESTIONS...........................................................................................11Assessment Task Cover Sheet – Assessment Task 2............................................................................25Assessment TASK 2: PLANNING PROJECT..............................................................................................27Assessment Task Cover Sheet – Assessment Task 3............................................................................39Assessment TASK 3: REVIEW PROJECT.................................................................................................41Assessment Task Cover Sheet – Assessment Task 4............................................................................45Assessment TASK 4: DEBTOR MANAGEMENT PROJECT.........................................................................47OVERALL UNIT - RECORD OF ASSESSMENT OUTCOMES:......................................................................50
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Introduction Unit codeTitleTraining Package BSBFIM601Manage Finances Business Services Training PackageFor further information regarding assessment criteria including-Application of unitElements and performance criteriaAssessment requirementsModification HistoryPerformance EvidenceKnowledge EvidenceAssessment Conditions.Please refer to: https://training.gov.au/Training/Details/BSBFIM601Understanding Assessment TerminolgyDescribe: Give a detailed account by recounting, characterising, outline and relating, in sequence, an event, situation, theory or point.Explain: Clarify or elaborate on the facts. Focus on reasons how and why things happen or a why a particular point is important in the relevant context.List: Using dot points, list a series of points, steps or stages that relate to the question.Outline: Leaving out minor details, give an account of thing or a process outlining the main points of a topic.Review: Provide a summary while analysing and commenting on the evidence, argument or other relevant points.Summarise: Identify and interpret the most relevant features of a theory, discuss issue or detail, leaving out the finer details.Develop: Involves the creation of the materials/activities/procedures to achieve the outcome. This is about designing and creating,Implement: After materials/activities/procedures are developed, test all materials/procedures to determine if they are functional and appropriate for the intended audience.Evaluate: ensures that the materials/activities/procedures achieve their desired goals and involves a detailed review including any recommendations for change and reasons.PlagiarismWhile cooperative effort and the sharing of information are encouraged, you must ensure your assignments and assessments are representative of your own effort, knowledge and skills. You must not take the work of others and present it as your own. Plagiarism may result in the assignment/assessment being deemed to be “not yet competent” by the assessor.Students accused more than once of academic misconduct, including plagiarism, may be dismissed or cancelled from their course at the discretion of the Clinton Institute Director of Studies. Plagiarism can take several forms;Quoting from a book or an article without acknowledging the sourceHanding in someone else’s work as your ownStealing and passing off another person’s words or ideas and claiming them as your ownGiving incorrect information about the source of a quotation or ideaDownloading information from the internet without acknowledging the sourceCopying a section of a book or article and submitting it as one’s own workPresenting as a new and original idea or produce something which was derived from an existing source
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Referencing Materials If you are unfamiliar with how to reference, we recommend that you review http://www.citethisforme.com/harvard-referencingTwo types of citations are included:In-text citations are used when directly quoting or paraphrasing a source. They are located in the body of the work and contain a fragment of the full citation.Depending on the source type, some Harvard Reference in-text citations may look something like this:"After that I lived like a young rajah in all the capitals of Europe..." (Fitzgerald, 2004).Reference Lists are located at the end of the work and display full citations for sources used in the assignment.Here is an example of a full citation for a book found in a Harvard Reference list:Fitzgerald, F. (2004). The great Gatsby. New York: Scribner.*National Training prefers that students utilises Harvard Style referencing. Generally, Harvard Reference List citations follow this format:Books: Last name, First Initial. (Year published). Title. City: Publisher, Page(s).Journals/publication: Last name, First initial. (Year published). Article title. Journal, Volume (Issue), Page(s).Websites: Website name, (Year published). Page title. [Online] Available at: URL [Accessed Day Mo. Year].Understanding your resultsThe great thing with competency-based training is that you either deemed 'competent' (you can demonstrate the required skills and knowledge) or 'not yet competent' (at this time you haven't been able to demonstrate required skills or knowledge). The key word is "YET”.Your trainer will provide you with feedback on your assessments so that you know what you have done well in your assessment and what you need to improve upon or fix. An "NYC" result does not mean that you have failed and that is it -you have the opportunity to try again. It could be that one question in your assessment was deemed Not Yet Satisfactory(NYS) and this is the only question that will require review.Assessment outcomesEach assessment task will be given an outcome of either Satisfactory (S) or Not Yet Satisfactory (NYS). Students must complete all tasks for a unit satisfactorily to achieve an overall outcome of Competent (C) for a unit. If one or more of tasks are assessed as Not Satisfactory, students will be given an overall outcome for the unit of Not Yet Competent (NYC). Students will be allowed up to two (2) reassessments attempts to complete the task and achieve a Satisfactory outcome. Students need to be given a timeframe for resubmission and advised what they must include in the resubmission.There is an Assessment Task # - Outcome Record at the end of each discreet assessment activity. Assessors are to fill this out for each assessment activity. The summary of the outcomes are to be transferred to the Overall Unit – Record of Assessment Outcomes located on the last page of the Student Assessment Booklet.Results LegendCCompetentYou have successfully completed unit and has met the minimumcompetency criteria and demonstrated the required skills and knowledgeNYCNot Yet CompetentYou have not met minimum competency criteria for the unit - certain section/s require review due to not meeting the requirements and being deemed Not Yet CompetentNote: If you have had an initial assessment, a first re-assessment and then a final re-assessment, you will no longer have an opportunity to re-submit. You will receive a “NYC” andhave to re-enrol in the unit.SSatisfactory Individual assessment/question is satisfactory NYS Not Yet Satisfactory Individual has not yet achieved a satisfactory result for a specific assessment activityAssessment attempts and resubmissionsYou will have up to three (3) attempts to achieve a satisfactory outcome for each assessment.
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If after three (3) attempts you cannot achieve a satisfactory result for any assessment activity, the overall outcome with be Not Yet Competent (NYC) for the Unit. Resubmission You will be given the opportunity to resubmit a Not Yet Satisfactory (NYS) Assessment Task up to two (2) times. Followingassessment outcome, the student will be given appropriate feedback on previous attempt. This will enable you to have a total of three (3) attempts. Timeframe You will be provided with an appropriate timeframe by your trainer to resubmit your work, for example; you may be given 14 days to resubmit incorrect responses to written tasks or projects. Should you require to complete a roleplay or presentation, your Assessor will make an appointment time, which suits both of you. RecordsThe Assessment Task # - Outcome Record at the end of each assessment activity, includes a space to record the details ofany re-attempts and resubmissions. Assessors must ensure that this is comprehensively detailed so that anybody reviewing the assessment record can tell exactly what occurred, when it occurred, how it occurred, who was involved and where any further evidence is located. Assessors must also make reference to ensuring that any re-attempt or resubmission has been assessed in accordance with the model responses and performance descriptors included in this marking guide.Task Cover SheetAssessors must ensure that students have completed the Assessment Task Cover Sheet for each assessment task.Assessment appealsAll students have the right to appeal an assessment decision. To make an appeal about an assessment decision, students must follow the process outlined in the Student Handbook.Note that the Overall Unit – Record of Assessment Outcomes located on the last page of this document, contains a section which says “Does the student wish to appeal the result?□YES□ NO” Assessors must ensure that students tick one of these boxes.
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A s s e s s m e n t O v e r v i e w This Student Assessment Booklet includes all your tasks for assessment of BSBFIM601 Manage Finances About your assessmentsThere are four assessment tasks for this unit. You must satisfactorily complete all tasks to achieve competency for this unit.Assessment TaskAbout this taskAssessment Task 1: Written questions You must correctly answer all questions to show that you understand the knowledge required of this unit. Evidence Required You must submit all completed questions Assessment Task 2: Planning projectYou must plan for financial management. In Part A, you will review financial data and prepare budgets; and in Part B you will communicate budgets and financial reporting requirements and delegations to managers in a simulated meeting. .Evidence Required You must submit: Financial Performance Report Completed Budget for 2019 – 2020 Key financial compliance Report Assessment Task 3: Review projectYou must review interim financial data and revise budgets as required.Evidence Required You must submit a report on Performance, including revision to budget Assessment Task 4: Debtor management projectYou must review an aged debtor report and develop a report on best practice debtor management.Evidence Required You must submit a Debtor Management Report How to submit your assessmentsWhen you have completed each assessment task you will need to submit it to your assessor.Instructions about submission can be found at the beginning of each assessment task.Make sure you photocopy your written activities before you submit them – your assessor will put the documents you submit into your student file. These will not be returned to you.Assessment Task Cover SheetAt the beginning of each task in this booklet, you will find an Assessment Task Cover Sheet. Please fill it in for each task, making sure you sign the student declaration. Your assessor will give you feedback about how well you went in each task, and will write this on the page following the Task Cover Sheet.Assessment appealsYou can make an appeal about an assessment decision by putting it in writing and sending it to us. Refer to your Student Handbook for more information about our appeals process.
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Assessment PlanThe following outlines the requirements of your final assessment for this unit. You are required to satisfactorily completeall tasks to demonstrate competency for this unit. Your assessor will provide you with the due dates for each assessment task. Write them in the table below.Assessment RequirementsDue date1.Written questions2.Planning project 3.Review project 4.Debtor management project AGREEMENTBYTHESTUDENTRead through the assessments in this booklet before you fill out and sign the agreement below. Make sure you sign this before you start each assessments activity.Have you read and understood what is required of you in terms of assessment? Yes NoDo you understand the requirements of this assessment? Yes NoDo you agree to the way in which you are being assessed? Yes NoDo you have any special needs or considerations to be made for this assessment? If yes, what are they? Yes NoDo you understand your rights to appeal the decisions made in an assessment? Yes NoStudent Name: __________________________________________________________________________________Student Signature: ___________________________________________________ Date: _______________________Assessor Name: _________________________________________________________________________________Assessor Signature: ___________________________________________________ Date: _______________________Assessor Note: If the student ticks ‘NO’ for any item except the reasonable adjustment, the assessor must not commence the assessment activity until the matter has been resolved and records of the resolution in the Student Management System (SMS). If a student identifies any specific needs or considerations, Assessors must provide a detailed record of how the situation was managed in the assessment outcome record for this assessment
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