How to Create and Manage a Budget

FNSACC513
Manage Budgets
and Forecasts
Assessment
VIBE College 1
Version 2.2
Course code and name
FNSACC513 - Manage budgets and forecasts

ASSESSMENT COVER SHEET
(Please ensure this cover sheet is completed and attached on
top of each assessment)
QUALIFICATION CODE AND TITLE: FNS50217 Diploma of Accounting
UNIT CODE: FNSACC513 TITLE: Manage
Budgets and Forecasts
Student Number
Student Name
Assessor Name
Assessment Name and
Number
Assessment Task Number and
Name
Assessment Due Date
Submission Date
Competency Date:
RESULT SATISFACTORY
UNSATISFACTORY
FINAL OVERALL RESULT COMPETENT NOT YET
COMPETENT
STUDENT DECLARATION
I declare that:
 This assessment is my own work, based on my own study and research
and no part of it has been copied from and other source except where due
acknowledgement/reference has been made.
 If this assessment was based on collaborative/teamwork, as authorised by
the trainer, I have not submitted the same final version of any assessment
material as another student.
 I have not previously submitted this assessment or any part of this
assessment for this or any other course/unit.
 I have kept a copy of my assessment.
 I give permission for my assessment to be reproduced, communicated,
compared and archived for the purposes of detecting plagiarism.
 I understand that plagiarism is the practice of taking someone else’s
work or ideas and passing it off as one’s own work and that the attached
assessment maybe checked for plagiarism.
 I understand that collusion is presenting another person’s assessment as
one’s own and/or providing your own work to another person to allow them
to pass it off as their own.
 Any assessment deemed unsatisfactory will require me to undergo
reassessment which may be different to the one originally submitted.
VIBE College 2
Version 2.2
Course code and name
FNSACC513 - Manage budgets and forecasts

 I am aware that in the event that I disagree with the assessment outcome
I have the right to appeal that result. I will follow the complaints and
appeals process.
 A late submission fee of $100 per assessment will apply if the assessment
is submitted after the scheduled due date unless a formal extension has been
granted by the Program Manager or Course Co-ordinator.
Student Signature: Date:
ASSESSMENT SUMMARY SHEET
To be deemed competent students must have a satisfactory result recorded
for each assessment activity. If a result is not satisfactory for any
assessment task, the trainer/assessor will determine the training and
assessment tasks to be completed.
The student has been assessed as competent in the elements and performance
criteria, performance evidence and knowledge evidence and in line with the
assessment conditions. The students work submitted for this assessment is: 
Valid  Sufficient  Current  Authentic
ASSESSMENT TASK 1
 SATISFACTORY NOT SATISFACTORY NOT APPLICABLE
ASSESSMENT TASK 2
 SATISFACTORY NOT SATISFACTORY NOT APPLICABLE
ASSESSMENT TASK 3
 SATISFACTORY NOT SATISFACTORY NOT APPLICABLE
Feedback to Student
The student has been given feedback and informed of the assessment result and
the reasons for the decision.
Trainer/Assessor
Signature
VIBE College 3
Version 2.2
Course code and name
FNSACC513 - Manage budgets and forecasts

Date
Other
Resubmission Date
Is this assessment
subject to an appeals
process
 Yes  No
Outcome of appeal
A S S E S S M E N T I N F O R M A T I O N
F O R S T U D E N T S
Throughout your training we are committed to your learning by providing a
training and assessment framework that ensures the knowledge gained through
training is translated into practical on the job improvements.
You are going to be assessed for:
 Your skills and knowledge using written and observation activities
that apply to the workplace.
 Your ability to apply your learning.
 Your ability to recognise common principles and actively use these on
the job.
All of your assessment and training is provided as a positive learning tool. Your
assessor will guide your learning and provide feedback on your responses to the
assessment materials until you have been deemed competent in this unit.
HOW YOU WILL BE ASSESSED
The process we follow is known as competency-based assessment. This means
that evidence of your current skills and knowledge will be measured against
national standards of best practice, not against the learning you have
undertaken either recently or in the past. Some of the assessment will be
concerned with how you apply your skills and knowledge in the workplace, and
some in the training room as required by each unit.
The assessment tasks have been designed to enable you to demonstrate the
required skills and knowledge and produce the critical evidence to successfully
demonstrate competency at the required standard.
VIBE College 4
Version 2.2
Course code and name
FNSACC513 - Manage budgets and forecasts

Your assessor will ensure that you are ready for assessment and will explain the
assessment process. Your assessment tasks will outline the evidence to be
collected and how it will be collected, for example; a written activity, case
study, or demonstration and observation.
The assessor will also have determined if you have any special needs to be
considered during assessment. Changes can be made to the way assessment is
undertaken to account for special needs and this is called making Reasonable
Adjustment.
What happens if your result is ‘Not Yet Competent’ for one or more
assessment tasks?
Our assessment process is designed to answer the question “has the desired
learning outcome been achieved yet?” If the answer is “Not yet”, then we work
with you to see how we can get there.
In the case that one or more of your assessments has been marked ‘NYC’, your
trainer will provide you with the necessary feedback and guidance, in order for
you to resubmit your responses.
What if you disagree on the assessment outcome?
You can appeal against a decision made in regards to your assessment. An
appeal should only be made if you have been assessed as ‘Not Yet Competent’
against a specific unit and you feel you have sufficient grounds to believe that
you are entitled to be assessed as competent. You must be able to adequately
demonstrate that you have the skills and experience to be able to meet the
requirements of units you are appealing the assessment of.
Your trainer will outline the appeals process, which is available to the student.
You can request a form to make an appeal and submit it to your trainer, the
course coordinator, or the administration officer. The RTO will examine the
appeal and you will be advised of the outcome within 14 days. Any additional
information you wish to provide may be attached to the appeal form.
What if I believe I am already competent before training?
If you believe you already have the knowledge and skills to be able to
demonstrate competence in this unit, speak with your trainer, as you may be
able to apply for Recognition of Prior Learning (RPL).
Assessor Responsibilities
Assessors need to be aware of their responsibilities and carry them out
appropriately. To do this they need to:
 Ensure that participants are assessed fairly based on the outcome of
the language, literacy and numeracy review completed at enrolment.
VIBE College 5
Version 2.2
Course code and name
FNSACC513 - Manage budgets and forecasts

 Ensure that all documentation is signed by the student, trainer,
workplace supervisor and assessor when units and certificates are
complete, to ensure that there is no follow-up required from an
administration perspective.
 Ensure that their own qualifications are current.
 When required, request the manager or supervisor to determine that
the student is ‘satisfactorily’ demonstrating the requirements for each
unit. ‘Satisfactorily’ means consistently meeting the standard
expected from an experienced operator.
 When required, ensure supervisors and students sign off on third
party assessment forms or third party report.
 Follow the recommendations from moderation and validation
meetings.
How should I format my assessments?
Your assessments should be typed in a 11 or 12 size font for ease of reading.
You must include a footer on each page with the student name, unit code and
date. Your assessment needs to be submitted as a hardcopy or electronic copy
as requested by your trainer.
How long should my answers be?
The length of your answers will be guided by the description in each
assessment, for example:
Type of
Answer
Answer Guidelines
Short Answer 4 typed lines = 50 words, or
5 lines of handwritten text
Long Answer 8 typed lines = 100 words, or
10 lines of handwritten text = 1
3 of a foolscap page
Brief Report 500 words = 1 page typed report, or
50 lines of handwritten text = 1 1
2foolscap handwritten pages
Mid Report 1,000 words = 2 page typed report
100 lines of handwritten text = 3 foolscap handwritten pages
Long Report 2,000 words = 4 page typed report
200 lines of handwritten text = 6 foolscap handwritten pages
VIBE College 6
Version 2.2
Course code and name
FNSACC513 - Manage budgets and forecasts