Skills Assignment

Objective: To provide you with an opportunity to show you have the required skills for this unit.

A signed observation by either an approved third party or the assessor will need to be included in this activity as proof of completion.

This activity will enable you to demonstrate the following skills:

· Reading

· Writing

· Oral Communication

· Numeracy

· Navigate the world of work

· Interact with others

· Get the work done

Answer the activity in as much detail as possible, considering your organisational requirements.

1. Evaluate whether your organisation is adhering to legislative requirements. What proof can you find to suggest they are or are not meeting legislative needs?

1. Create a document which provides an analysis of factual and forecasted information. Your document should be prepared using the format, content and layout most appropriate to the audience and purpose of the document.

1. Demonstrate your oral communication skills by explaining financial decisions and outcomes clearly and using listening and questioning techniques to exchange information and obtain agreement. For example, you may host a meeting, talk via a video conference or have a one-to-one discussion with someone.

1. Describe a time when you have used your numerical skills. Provide details of the calculations, to show how you have either:

· Reviewed and analysed numerical data embedded in organisational documentation and legislation; or

· Compared and contrasted complex numerical data to analyse and evaluate financial position and processes; or

· Used appropriate formulae to analyse financial data to assess and manage risk and identify discrepancies.

1. Outline a task you have completed (which is part of your work role) where you have recognised, understood and adhered to legislative and organisational requirements.

1. Describe a protocol which is in place in your organisation (and you have used), to communicate with supervisors and managers to share information or seek agreement.

1. Give a demonstration to a supervisor or assessor on how to use a range of digital technology to access, filter, compile, integrate and logically present complex information from multiple sources. What new digital technologies and applications are available (or soon to be available) to manage and manipulate data?

Section B: Knowledge Activity (Q & A)
Objective: To provide you with an opportunity to show you have the required knowledge for this unit.

The answers to the following questions will enable you to demonstrate your knowledge of:

· Identify the requirements for financial probity

· Describe the principles of accounting and financial systems

· Explain Australian, international and local legislation and conventions that are relevant to financial management in the organisation

· Outline the requirements of the Australian Tax Office, including Goods and Services Tax, Company Tax, Pay As You Go

Answer each question in as much detail as possible, considering your organisational requirements for each one.

1. What is financial probity?

1. Describe three principles of accounting and financial systems.

1. Explain one piece national piece of legislation and one local piece of legislation which is relevant to financial management in the organisation. Additional research may be needed for this question.

1. Outline the requirements of Goods and Services Tax, Company Tax and Pay As You Go.

Section C: Performance Activity
Objective: To provide you with an opportunity to demonstrate the required performance elements for this unit.

A signed observation by either an approved third party or the assessor will need to be included in this activity as proof of completion.

This activity will enable you to demonstrate the following performance evidence:

· Plan for financial management

· Read and review profit and loss statements, cash flows and ageing summaries

· Prepare, implement and revise a budget which aligns with the business plan, is based on research and analysis of previous financial data and cash flow trends, and meets all compliance requirements

· Contribute to financial bids and estimates

· Establish a budget and allocate funds in accordance with statutory and organisational requirements

· Communicate with other people including:

· reporting on financial activity and making recommendations

· identifying and prioritising significant issues

· ensuring managers and supervisors are clear about budgets

· Analyse the effectiveness of existing financial management approaches including reviewing financial management software, managing risks of misappropriation of funds, ensuring systems are in place to record all transactions, maintaining an audit trail and complying with due diligence.

Answer the activity in as much detail as possible, considering your organisational requirements.

1. Plan for financial management by reviewing previous financial data and analysing areas of profit and loss.

1. Prepare, implement and revise a budget which aligns with the business plan, is based on research and analysis of previous financial data and cash flow trends, and meets all compliance requirements.

1. Describe how you have contributed to financial bids and estimates.

1. Establish a budget and allocate funds in accordance with statutory and organisational requirements

1. Use your communication skills to:

· Report on financial activity and make recommendations

· identify and prioritise significant issues

· ensure managers and supervisors are clear about budgets

1. Analyse the effectiveness of existing financial management approaches including reviewing financial management software, managing risks of misappropriation of funds, ensuring systems are in place to record all transactions, maintaining an audit trail and complying with due diligence.

Section A: Skills A

ctivity

Objective: To provide you with an opportunity to show you have the required skills for this unit.

A signed observation

by either an approved third party or the assessor will need to be included in

this activity as proof of completion.

This activity will enable you to demonstrate the following skills:

Reading

Writing

Oral Communication

Numeracy

Navigate the world of work

Interact with others

Get the work done

Answer the activity in as much detail as possible, considering your organisational requirements.

Evaluate whether your organisation is adhering to legislative requirements. What proof can

you find to suggest they

or are not meeting legislative needs?

Create a document which provides an analysis of

factual

and forecasted information. Your

document should be prepared using the format, content and layout most appropriate to the

audience and purpose of the document.

Demonstrate your oral communication skills by explaining financial decisions and outcomes

clearly and using listening and questioning techniques to exchange information and obtain

agreement. For example, you may host a meeting, talk via a video conferen

ce or have a one

–

one discussion with someone.

Describe a time when you have used your numerical skills. Provide details of the calculations,

to show how you have either:

Reviewed and analysed numerical data embedded in organisational documentation an

legislation; or

Compared and contrasted complex numerical data to analyse and evaluate financial

position and processes; or

Used appropriate formulae to analyse financial data to assess and manage risk and

identify discrepancies.

Outline a task you have

completed (which is part of your work role) where you have

recognised, understood and adhered to legislative and organisational requirements.

Describe a protocol which is in place

your organisation (and you have used), to

communicate with supervisors

and managers to share information or seek agreement.

Give a demonstration to a supervisor or assessor on how to use a range of digital technology

to access, filter, compile, integrate and logically present complex information from multiple

sources. What

new digital technologies and applications

are available (or soon to be available)

to manage and manipulate data?

Section A: Skills Activity

Objective: To provide you with an opportunity to show you have the required skills for this unit.

A signed observation by either an approved third party or the assessor will need to be included in

this activity as proof of completion.

This activity will enable you to demonstrate the following skills:

? Reading

? Writing

? Oral Communication

? Numeracy

? Navigate the world of work

? Interact with others

? Get the work done

Answer the activity in as much detail as possible, considering your organisational requirements.

1. Evaluate whether your organisation is adhering to legislative requirements. What proof can

you find to suggest they are or are not meeting legislative needs?

2. Create a document which provides an analysis of factual and forecasted information. Your

document should be prepared using the format, content and layout most appropriate to the

audience and purpose of the document.

3. Demonstrate your oral communication skills by explaining financial decisions and outcomes

clearly and using listening and questioning techniques to exchange information and obtain

agreement. For example, you may host a meeting, talk via a video conference or have a one-

to-one discussion with someone.

4. Describe a time when you have used your numerical skills. Provide details of the calculations,

to show how you have either:

? Reviewed and analysed numerical data embedded in organisational documentation and

legislation; or

? Compared and contrasted complex numerical data to analyse and evaluate financial

position and processes; or

? Used appropriate formulae to analyse financial data to assess and manage risk and

identify discrepancies.

5. Outline a task you have completed (which is part of your work role) where you have

recognised, understood and adhered to legislative and organisational requirements.

6. Describe a protocol which is in place in your organisation (and you have used), to

communicate with supervisors and managers to share information or seek agreement.

7. Give a demonstration to a supervisor or assessor on how to use a range of digital technology

to access, filter, compile, integrate and logically present complex information from multiple

sources. What new digital technologies and applications are available (or soon to be available)

to manage and manipulate data?

Applied Sciences
Architecture and Design
Biology
Business & Finance
Chemistry
Computer Science
Geography
Geology
Education
Engineering
English
Environmental science
Spanish
Government
History
Human Resource Management
Information Systems
Law
Literature
Mathematics
Nursing
Physics
Political Science
Psychology
Reading
Science
Social Science
Home
Homework Answers
Blog
Archive
Tags
Reviews
Contact
twitterfacebook
Copyright © 2021 SweetStudy.comSWEETSTUDY.COM YOUR HOMEWORK ANSWERS
chat0
Home.Literature.
Help.
Log in / Sign up
manage finANCE
profile
Tsumi Nsuma

SectionAbc.docx
Home>Business & Finance homework help>Management homework help>manage finANCE
Section A: Skills Activity
Objective: To provide you with an opportunity to show you have the required skills for this unit.