Advanced Diploma Finance: Manage Finance BSBFIM601 Assessment Project

This project assesses the student's ability to manage finances through the creation and analysis of budgets for Houzit Pty Ltd. The project involves preparing sales, profit, and cash flow budgets, along with a debtor aging summary, based on provided financial data and a case study business plan. It includes calculating tax liabilities, understanding compliance with the Corporations Act 2001, and selecting suitable accounting software (MYOB and Xero) for the company. The project also requires the student to apply accounting principles, discuss the implications of probity, identify critical dates, and recommend items for inclusion in the budget, as well as new internal controls for risk management. The assignment covers a range of financial management concepts, including budget notes, assumptions, and monitoring, and requires the student to answer questions related to the case study's financial performance and management practices.