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Provide financial and business performance information
Final Assessment
This final assessment is for the unitFNSACC511 Provide financial and business performance information (Release 1)
An assessor will review the work you have completed and determine if you have satisfied the assessment requirements for this unit.
Submitting Assessments
- You must submit your completed assessments to your assessor. Instructions on what to submit are detailed in each assessment task.
- Each assessment task you submit must have a signed cover sheet. Otherwise the assessment will not be accepted. Cover sheets are provided for each of the assessment tasks.
- When assessments have been completed, your assessor will provide you with feedback.
- When all assessments are completed and assessed, your assessor will provide you with a Record of Outcome.
- If you believe your assessment result is not right, you should discuss this with your assessor. They will direct you to your Student Handbook and/or Acknowledge Education’s Policies and Procedures which will have information about how to appeal an assessment result.
Assessment Cover Sheet
This document must be signed by the student for each assessment completed. Submission of Assessments will not be accepted for marking/review without a completed and signed Assessment Cover Sheet.
| Qualification Title | BSB60215 Advanced Diploma of Business |
| Unit Code | FNSACC511 |
| Unit Title | Provide financial and business performance information (Release 1) |
| Student Name | |
| Student ID | |
| Student Email | |
| Assessor Name | Toan Nguyen |
| Campus | ☒ Melbourne ☐ Sydney ☐ Perth |
| Due Date | |
| Submission Date | |
| Assessment Task | Task 2: Project Report |
Student Agreement:
By signing this Agreement, I confirm that I understand the Assessment Submission Guidelines, as detailed in the Student Handbook and Acknowledge Education’s policies and procedures. In particular:
- The work submitted is my own and does not contain another person’s material represented in my work.
- I understand that I must acknowledge in an appropriate manner all information and sources of assistance used in my assessment work.
- I have followed all submission, presentation and file name guidelines outlined in the submission guidelines. I am aware that if I do not follow the required guidelines, this could result in my assessments being returned not assessed by my trainer/assessor.
- I understand that I must not receive undue assistance or the unauthorized help of others in the preparation of my assessment work.
- I will not allow other students to access or copy in whole or any part of my assessment work.
- I understand that if I am dissatisfied with the way I have been assessed or with my result, I have the right to appeal as detailed in the Student Handbook and Acknowledge Education’s policies and procedures.
Student Declaration:
I hereby declare that I have read the above statement and that all the material I submit for assessment is entirely my own and meets all of the college’s assessment requirements.
| Student Signature | |
| Date |
Assessment Task 2: Project
- This project requires you to work independently. You can participate in group discussions with other students, share ideas or opinions, but you cannot submit an identical project report with other students.
- You need access to the case study and project instructions to complete this task. You may also access a learner guide, the internet and/or other resources.
- You must satisfactorily complete all sections of the assessment and submit these to your assessor, ask your assessor to clarify any aspect you are unsure about in this assessment task.
- You will demonstrate your skills and knowledge by completing a scenario-based project.
Required Resources
- You will need to have access to relevant legislation, standards and codes, industry practices, industrial resources
- Fleetwood RV online business information and student book resources
Fleetwood Corporation website: http://www.fleetwoodcorporation.com.au/
Fleetwood Corporation Financial Reports: http://www.fleetwoodcorporation.com.au/Investors/Financial-Reports
- Office equipment, technology, software and consumables required to provide financial and business performance information, including
- Access to the internet
Evidence
- You must submit the completed assessment cover sheet and your assessment by online submission within the allocated time.
- Ensure you keep a copy of your submitted work. Assessments submitted without completed cover sheet will not be accepted.
When and where will this assessment take place?
- This assessmentwill be undertaken in a simulated business environment (Board Room – Acknowledge Education)/at home/classroom – library with IT resources – to be discussed with the assessor.
- Your assessor will provide you with the due date, which can be recorded in the assessment plan.
- Your assessor may also specify the length of time allowed and the expected word count, if applicable.
What if the assessment is not suitable?
- If you are unable to complete the project in the way described here, you may need to discuss an alternative method for completing it with your assessor.
What happens if your answers are not satisfactory?
- If any of the assessment responses are not satisfactory, your assessor will provide you with feedback. You may need to resubmit some or all the assessment tasks. Your assessor will explain the details for your reassessment.
- In most cases you will be allowed a maximum of three attempts.
- If you are not satisfied with your assessment result, you have the right to lodge an appeal. Ask your assessor or contact the Course Coordinator for more information.
Case Study
| Case Study – Fleetwood Corporation Financial Consultation | |
| Annual Report 2019 of Fleetwood Corporation to be read – the report can be downloaded via the internet – and on student resources portal –Moodle.
Fleetwood Corporation website: http://www.fleetwoodcorporation.com.au/ Fleetwood Corporation Financial Reports: http://www.fleetwoodcorporation.com.au/Investors/Financial-Reports Project Instructions For this assessment you are required to: · Take on the role of a financial consultant · The assessor will take on the role of the CEO – Fleetwood Corporation – Client (Assessor) · You will be given the Fleetwood Corporation’s Financial Report for recent two years (2018/2019), which contains detailed financial information of Fleetwood Corporation Business. These Annual Reports (2018/2019) serves as background information for Fleetwood Corporation and forward strategic planning (Please check the relevant information from the Fleetwood Corporation Website) · Fleetwood Corporation’s CEO have contracted in financial consultants to review the financial performance and to make financial recommendations for the next 2 years (2020/2021) · Write a financial/business managementreport Report Submission Standards:
Complete the following Tasks 1-4. |
|
| 1 | Section One – Analyse Data |
| Write a financial/business management report to the CEO, Fleetwood Corporation – your client – that outlines the following:
1. A PESTL, SWOT Analysis based on the information supplied in the Annual Reports (2018/2019) from Fleetwood Corporation 2. Complete a financial analysis on Profitability, Efficiency and Stability of Fleetwood Corporation based on the financial statements supplied. (by financial ratio analysis) 3. Examine the sales, profit, cash flow, debts/ liabilities and assets to identify the following in a report: a. Issues: i. Identify, describe and prioritise significant issues that are evidenced in the annual report of Fleetwood Corporation and describe reasons or causes of these issues. Include in this issue of financial variability that you have identified or considered when monitoring these budgets b. Performance: i. Identify the Fleetwood Corporation’s expectation, goals and business objectives ii. Identify the relevant legal and financial requirements for the Fleetwood Corporation iii. Compare and review financial performance of the organisation (according to financial information provided) to industry benchmarks for this organisation in line with the business strategic objectives iv. Develop suitable business operation plan with performance KIPs to achieve the business goals within agreed timeframes v. Develop a plan to review and monitor the progress of business operation plan and respond to Fleetwood Corporations needs c. Profitability Analysis: i. Complete profitability analysis of the Fleetwood Corporation for Gross Profit, Net Profit by examining the financial statements in 2018/2019 ii. Identify the return on assets (Net Profits/ Total Assets) iii. Provide comments on the Profitability trends align with business objectives (2020/2021) d. Efficiency Analysis: i. Complete efficiency analysis of the Fleetwood Corporationfor inventory turnover and A/C recoverable turnover ratio ii. Identify the Asset turnover ratio iii. Provide comments on the efficiency trendsalign with business objectives (2020/2021)
e. Stability Analysis: i. Complete the Debt/Asset ratio, Current Ratio, Quick Ratio analysis ii. Identify the significant financial risk factors iii. Provide comments on the efficiency trendsalign with business objectives (2020/2021) |
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| Evidence Required | |
| A completed PESTL Analysis report
A competed SWOT Analysis report A completed financial analysis report of profitability, efficiency and stability A completed suitable business operation plan with performance KPIs to achieve the business goals within agreed timeframe A plan to monitor progress of business operation plan |
|
| 2 | Section Two – Prepare and provide financial and performance advice to Fleetwood Corporation |
| 4. Fleetwood Corporations financial and performance advice
a. Outline your recommendations for ongoing financial viability for Fleetwood Corporation, based on your assessment of the issues, reasons for variances and organisational performance you have identified b. Include in this section your plans for managing risks and contingencies and future cash flows c. Advise Fleetwood Corporation on any options of risk management and right and obligations and tax management issues d. Advise in your report to the CEO, Fleetwood Corporation – Your Client (Assessor) on new or alternative finance sources and features of short-term and long-term finance options. |
|
| Evidence Required to Submit | |
| At least 4 recommendations/ advices on financing sources, risk contingency management, Tax Management and short-term/long-term finances in 2020/2021 |
Project Assessment Sheet
| No. | The student’s assessment shows evidence of the following: | S | NS | ||
| 1 | Section 1 – Analyse Data – Fleetwood Corporation – Client | ||||
| Advice was sought on reliability and accuracy of data from authorities and sources according to Fleetwood Corporation’s procedures | £ | £ | |||
| Compilation and reconciliation of data to confirm that statements are accurate and comply with Fleetwood Corporation’s procedures, statutory requirements, and standard financial reporting principles | £ | £ | |||
| Data and reports were analysed in line with standard financial analysis techniques and your client’s (CEO- Fleetwood Corporation) business and personal objectives | £ | £ | |||
| Evaluation of information in relation to the financial profitability, efficiency and stability of Fleetwood Corporation | £ | £ | |||
| Evaluation of financial potential of Fleetwood Corporation, its future funding requirements, and statutory obligations | £ | £ | |||
| 2 | Section 2 – Prepare and provide financial and performance advice to Fleetwood Corporation – Client | ||||
| Advice that provides theclient (CEO- Fleetwood Corporation) with a realistic view of the business financial performance and compliance, including significant taxation issues and comparisons of options | £ | £ | |||
| Use of suitable methods of presentation and formats, language and forms of documentation to convey information to the CEO – Fleetwood Corporation – Client | £ | £ | |||
| Advice to the CEO- Fleetwood Corporation – Client – about how risks and contingencies and future cash flows may be identified and quantified, and advise client of risk management options and rights and obligations | £ | £ | |||
| Advice to the CEO – Fleetwood Corporation – Client, on new or alternative finance sources, and features of short-term and long-term finance | £ | £ | |||
| Comments: | |||||
| Additional questions: * | |||||
| Student responses: | |||||
| Feedback | |||||
S=Satisfactory NS=NotSatisfactory
| Assessor Name | |
| Assessor Signature |
| Student Name | |
| Student Signature |
