Business Planning

T U T O R I A L A C T I V I T Y W O R K B O O K
W O R K B O O K 2 F I N A N C I A L M A N A G E M E N T
On completion of Tutorial Activities for workbook 2 Financial Management, please email directly
to your Lecturer/Assessor.
This workbook containing Activity 13 to 23, must be completed, as an essential component of your
assessment plan, and is required to be completed before you sit your final exam assessment.
Please note that areas in green are for assessors only
No part of this workbook may be reproduced by photocopying or any other means without written
permission from the Australasian Academy of Cosmetic Dermal Science.

A A C D S W O R K B O O K C O V E R S H E E T
Please submit to your AACDS lecturer.
Student’s Name
Unit 1.4 Practice Management and Administration
Course
(Please select)
10510NA
T
Advanced Diploma of Cosmetic Dermal
Science
52709WA Graduate Diploma of Cosmetic Nursing
52707WA Graduate Diploma of Dermal Therapies
51107WA Diploma of Management (Medispa
Practice)
AACDS ASSE SSM E N T PO L I C Y
Assessments Marked “Competent” or “Not Yet Competent”:
1. Must be completed by the due date specified in the student manual for each corresponding
unit.
2. If a student fails to meet the due date as specified, this may incur additional fees to extend
unit access.
3. If a student consistently achieves “Not Yet Competent” and demonstrates poor performance
in all assessments, AACDS reserves the right to terminate the student’s enrolment for the
corresponding unit.
Graded Assessments/Exams:
1. Must be completed by the due date specified in the student manual for each corresponding
unit.
2. A student will have the opportunity to resit a failed assessment, however on the second
attempt the pass mark will increase by 10%.
3. If a student fails on the second attempt, the student must re-enrol into the failed unit at the
current full-fee
GR ADE (I F A PPL I C A B L E ): Competent
Not Yet Competent
Please Resubmit this Assessment by:
ASSE SSME N T FEE D B A C K FR O M LEC T UR E R :
COMPL E T I O N O F A LL T UT O R I A L A C T I VI T IE S :
Yes No
REC OMME ND AT I ON T O SI T FI NAL E X A M
Yes No
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ASSE SSOR ’S SI G N A T U R E : DATE :
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A C T I V I T Y 1 3
RE SOUR C E LI ST
Students need to consider a detailed costing of all the equipment and resources (machinery, furniture, equipment including stock) that their virtual
medispa will need to acquire to operate. It is recommended that students obtain real world quotes to ensure their resource list is as accurate as
possible in its reflection of resource costs.
Yes No
Equipment Cost Furnishings Cost Supplies Cost
Ultraceuticals Microdermabrasion machine 40000 Reception desk 700 Disposable gloves 150
Microderbrasion Machine 2000 Chair 75 Fibrella facial wipes 100
Magi lamps 1000 Stools 300 Paper (consultation forms) 200
Safety glasses 300 Sofa 200 Needle tips 650
Omniflux LED machine 1500 Coffee machine 150 Pens and other stationery items 30
Aesthetic bed 1000 Alcohol pads 250
Computer 2000 Bed protector rolls 150
Printer 1000 Disposable razor 60
Mirror 70
Towels 200
44800 5695 1590
Assessor’s comments
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A C T I V I T Y 1 4 .
ONGOI NG COST S
In activity 14 students are asked to consider when further assets (resources, equipment, and machinery, not including stock) will need to be
introduced (for expansion purposes) or replaced - estimate what the relevant replacement/additional costs will be over three years. Consider also
maintenance costs and consumables. It is again recommended that students obtain as many real world quotes as possible to ensure their resource
additions/replacement list is as accurate as possible in its reflection of resource costs.
Yes No
Schedule of assets to be purchased over the next three years
Asset Cost
Yr. 1
Asset Cost
Yr.
2
Asset Cost
Yr.
3Computer 2000 Computer 0 Computer 0
Omnilux LED machine 1500 Omnilux LED machine 0 Omnilux LED machine 0
Towels 150 Towels 100 Towels 100
Wood lamps 1000 Wood lamps 0 Wood lamps 0
Reception desk & other furniture 700 Reception desk & other furniture 200 Reception desk & other furniture 300
Aesthetic beds 1000 Aesthetic beds 300 Aesthetic beds 150
Microdermabrasion crystals, heads and
filters 2000
Microdermabrasion crystals, heads and
filters 0
Microdermabrasion crystals, heads and
filters 0
Human resources 3000 Human resources 1000 Human resources 300
software 2000 software 0 software 0
13350 1600 850
Assessor’s comments
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A C T I V I T Y 1 5 T O 1 9
BASI C BOOKK E E PI N G
Students are asked to complete basic book-keeping activities. Though the exercises are simple, to achieve competency students are required to
demand accuracy, which is the main outcome the task seeks to test. As in any accounting activity if any items are not accounted for appropriately
errors will occur that can be costly and time consuming to resolve. You will need to embellish details as you see fit e.g. get cheque details from bank
statements.
A C T I V I T Y 1 5
PET T Y CASH
Question 1 Yes No
Complete the Petty Cash Worksheet below
Instructions:
You have a $100 float in your petty cash tin. Use the purchases listed below to reconcile your petty cash.
Milk $ 1.95
Magazine $10.95
Stamps $ 4.00
Courier $ 7.50
Cotton pads $ 5.30
Petty Cash Book
MarchDate Qty Item Purchased from Credit Debit
Cash Opening balance $ 100.00
1 Milk purchased $ 1.95 $ 1.95
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1 Magazine purchased $10.95 $10.95
1 Stamps purchased $ 4.00 $ 4.00
1 Courier purchased $ 7.50 $ 7.50
1 Cotton pads purchased $ 5.30 $ 5.30
Total 100-29.70 =
$70.30
$ 29.70
Assessor’s comments
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Question 2 Yes No
A cheque is then written out to bring the petty cash float back up to $100.00. How much will this cheque be written out for?
Bank of Western Australia
Date: 3th March 2016
Pay: Beauty salon’s owner (John George) or bearer
Amount: Twenty nine dollars and seventy cents only
$ 29.70
Signature: John George
Chq No. 000 108
Assessor’s comments
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