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
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:
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
Required Resources
Fleetwood Corporation website: http://www.fleetwoodcorporation.com.au/
Fleetwood Corporation Financial Reports: http://www.fleetwoodcorporation.com.au/Investors/Financial-Reports
Evidence
When and where will this assessment take place?
What if the assessment is not suitable?
What happens if your answers are not satisfactory?
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. |
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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 |
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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. |
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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 |