Assessment Plan and Instructions for BSBFIA301 Unit - IVET College

This document presents a detailed assessment plan for the BSBFIA301 unit, focusing on maintaining financial records. It includes an assessment plan outlining the purpose, target group, context, and personnel involved in the assessment process. The plan details various assessment methods, instruments, and resources required. Step 2 provides comprehensive assessment instructions and instruments, including written questions and a role-play scenario. The assessment tasks cover financial record-keeping, role-playing with financial terms, and understanding different types of budgets. The document also includes role-play/scenario/observation task templates, checklists, and assessor guides, ensuring a structured approach to the assessment. It also incorporates written questions template to test the students' understanding of the concepts. The assessment plan is designed to evaluate students' ability to maintain financial records and apply theoretical knowledge to practical scenarios. The document concludes with instructions for candidates, conditions of assessment, and reasonable adjustments.

Running head:
Name of the Student
Name of the University
Author Note

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Step 1 - Assessment Plan
ASSESSMENT PLAN
Unit name and code BSBFIA301 Maintain financial records
Purpose of the assessment This unit describes the skills and knowledge required to
maintain daily financial records such as reconciling debtors’
and creditors’ systems, preparing and maintaining a general
ledger and trial balance and includes activities associated with
monitoring cash control for accounting purposes.
It applies to individuals who are skilled operators and
apply a broad range of competencies in various work
contexts and may exercise discretion and judgment using
appropriate theoretical knowledge of financial records.
Target group VET Students completing a course that this unit is part of
Context of assessment Training and Assessment Environment
Written and practical components assessment classroom
based
Specific needs of the cohort/individual
being assessed
All students completed an LLN prior to their enrolment
Any other special needs will be assisted as required

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Personnel involved in the assessment
process?
Assessment information and evidence requirements
Assessment methods
Assessment instruments required
for each method
Unit requirements
this meets (PC1.2,
PE2, KE4 etc.)
1 Written test
Written questions
Instructions for candidate
Marking guide for assessor
See mapping at end
of document
2
Practical Tasks
Instructions
Company Policy & Procedures
Observation Check list
See mapping at end
of document
3 Group Discussion/Question Discussion/Question Guideline for
the assessor
Observation Checklist
See mapping at end
of document
Resources
Specialist support (if applicable/required) Integration Aids are available if required

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Any tools or equipment required for
assessment
Desk, chair, computer
Any materials required for assessment Company policy and procedures folder
Any other resources required for
assessment (for example, supporting
documentation)
Computer manual
Any human resources required for
assessment (for example, other workplace
personnel, clients/customers etc.)
Not required for this unit
Assessment arrangements
Timeline for assessment – when will each
item be assessed?
All 3 assessments will be completed within the delivery
of the unit
How long will be given to each
assessment?
Written Assessment 30 mins
Practical Assessment 1 hour
Group Discussion 30 mins
Is integration of activities possible? The group discussion will lead into the practical
assessment
Assessment arrangements continued

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Work health and safety issues that may
impact on assessment activities being
conducted
No obvious health and safety issues are foreseen for this
assessment plan. It is expected that students will have a
safe environment at all times.
A sight safety assessment will be made as part of the
group discussion assessment
Privacy/confidentiality issues that may
impact on assessment activities/portfolios
submitted
None at this stage as they will be handed to the assessor
directly
Any other issues that may impact on
assessment activities (for example,
sustainability)?
The practical assessment will be rescheduled if there is
power shortage
Any reasonable adjustments identified? Students may need additional time for assessments and
this is available if required
Where will assessment outcomes be
recorded?
A student record summary is used for recording all
outcomes and any feedback. A copy of this will be
emailed to all student
Date of each assessment to be
submitted/conducted
All assessments are to be submitted and conducted with
the time allocated for the unit

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Step 2 - Assessment Instructions and Instruments
ASSESSMENT TASK INSTRUCTIONS
Unit code and title BSBFIA301 Maintain financial records
Workplace/Location Classroom
Purpose of assessment This unit describes the It applies to individuals who are skilled operators
and apply a broad range of competencies in various work contexts and
may exercise discretion and judgment using appropriate theoretical
knowledge of financial records.
Context of assessment Training and Assessment Environment
Written, Oral and Practical components assessment, classroom based
Resources required for
assessment
Assessment Task 1
PC and Microsoft Office
Login details for IVET student portal
Pen or Paper
Assessment Task 2
PC and Microsoft Office
Login details for IVET student portal

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ASSESSMENT TASK INSTRUCTIONS
Pen or Paper
Safety considerations it is crucial for students to work within a classroom setting as well as
under supervision the entire time
Students should be monitored by the trainer during their working process
Instructions to the
candidate:
Assessment 1:
In the assignment 1, students are needed to go through all the questions
provided by the educator and answer the same correctly.
The assignment has been designed for skills and knowledge required to
maintain daily financial records such as reconciling debtors’ and
creditors’ systems, preparing and maintaining a general ledger and trial
balance and includes activities associated with monitoring cash control for
accounting purposes.
Required recourses:
PC and Microsoft Office
Login details for IVET student portal

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ASSESSMENT TASK INSTRUCTIONS
Pen or Paper
Assessment Task 2
In this assessment students are required to conduct a role play. One
employee will play the role of an charter accountant and will discuss with
his colleagues about financial terms. Employees will help each other to
understand specific accounting terms like breakeven analysis, cost flow an
types of budget.
Resources required:
 PC and Microsoft Office
 Student network on PC
 Tables and chairs
 Room with PC facilities
 Internet access
 Access to finantial documents
 Industry codes of practice
Conditions of Assessment
 Students must attempt all parts of each assessment task.
 For students’ performance to be deemed satisfactory in this
assessment task, they must satisfactorily address all the assessment
criteria. If part of this task is not satisfactorily completed students
will be asked to complete further assessment to demonstrate
competence.
 Students will be provided feedback on their performance by their
Assessor. The feedback will indicate if they have satisfactorily
addressed the requirements of each task or indicate the task(s) not
satisfactorily addressed and indicate what tasks they must re-
attempt at a later date to demonstrate satisfactory performance.

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ASSESSMENT TASK INSTRUCTIONS
What needs to be
submitted?
Assessment task 1
Responses to written questions
Assessment task 2
Students are required to conduct a role platy and write down the
importance of the following financial terms
breakeven analysis
cost flow
Types of budget
Resubmission For students whose performance is not satisfactory will be provided with
another chance of submitting their assignment. This time they will have to
correct the portions where they had gone wrong previously
Reasonable adjustments
(assessor to indicate
possible adjustments):
Students are encouraged to contact their trainer prior to attempting their
task in case they do not understand any part of this task or if they have
any learning issues/ needs that may hinder them when attempting any part
of the assessment.

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ASSESSMENT TASK INSTRUCTIONS
Assessor name Date
Assessor signature
Role Play/Scenario/Observation Task Template
ROLE PLAY / SCENARIO/OBSERVATION TASK
Instructions to the candidate:
In the assignment 1, students are needed to go through all the questions provided by the educator and
answer the same correctly.
The assignment has been designed for skills and knowledge required to maintain daily financial records
such as reconciling debtors’ and creditors’ systems, preparing and maintaining a general ledger and trial
balance and includes activities associated with monitoring cash control for accounting purposes.
Required recourses:
PC and Microsoft Office
Login details for IVET student portal
Pen or Paper
For assignment task 1, students have to answer the question provided by the assessor.
Assessment Task 2
In this assessment students are required to conduct a role play. One employee will play the role of an
charter accountant and will discuss with his colleagues about financial terms. Employees will help each

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other to understand specific accounting terms like breakeven analysis, cost flow an types of budget.
Resources required:
 PC and Microsoft Office
 Student network on PC
 Tables and chairs
 Room with PC facilities
 Internet access
 Access to finantial documents
 Industry codes of practice
Conditions of Assessment
 Students must attempt all parts of each assessment task.
 For students’ performance to be deemed satisfactory in this assessment task, they must
satisfactorily address all the assessment criteria. If part of this task is not satisfactorily completed
students will be asked to complete further assessment to demonstrate competence.
 Students will be provided feedback on their performance by their Assessor. The feedback will
indicate if they have satisfactorily addressed the requirements of each task or indicate the task(s)
not satisfactorily addressed and indicate what tasks they must re-attempt at a later date to
demonstrate satisfactory performance.

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